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      <invstOrSec>
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        <name>VIKING OCEAN C 5.625% 02/15/29</name>
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        <invCountry>BM</invCountry>

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        <name>CAESARS ENTERTAI 6.5% 02/15/32</name>
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        <cusip>12769GAC4</cusip>
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        <name>VF CORP 6% 10/15/33</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
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        <name>GROUP 1 AUTOMOTIVE 4% 08/15/28</name>
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        <name>SPEEDWAY MOT/S 4.875% 11/01/27</name>
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        <name>ANYWHERE RE GRP 5.25% 04/15/30</name>
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        <name>ADIENT GLOBAL HOLD 7% 04/15/28</name>
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        <name>NORDSTROM INC 4% 03/15/27</name>
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        <name>NISSAN MOTOR CO 4.81% 09/17/30</name>
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        <name>VOC ESCROW LTD 5% 02/15/28</name>
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        <name>LITHIA MOTORS  4.375% 01/15/31</name>
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        <name>SIX FLAGS ENT/ 6.625% 05/01/32</name>
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      </invstOrSec>
      <invstOrSec>
        <name>LIFE TIME INC 6% 11/15/31</name>
        <lei>N/A</lei>
        <title>LIFE TIME INC REGD 144A P/P 6.00000000</title>
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      <invstOrSec>
        <name>SEAWORLD PARKS  5.25% 08/15/29</name>
        <lei>N/A</lei>
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        <cusip>81282UAG7</cusip>
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      <invstOrSec>
        <name>LITHIA MOTORS  4.625% 12/15/27</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <cusip>536797AE3</cusip>
        <identifiers>
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        <balance>90000.00000000</balance>
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      <invstOrSec>
        <name>MGM RESORTS INTL 5.5% 04/15/27</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM RESORTS INTL REGD 5.50000000</title>
        <cusip>552953CF6</cusip>
        <identifiers>
          <isin value="US552953CF65"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>NISSAN MOTOR AC 2.75% 03/09/28</name>
        <lei>N/A</lei>
        <title>NISSAN MOTOR ACCEPTANCE REGD 144A P/P 2.75000000</title>
        <cusip>654740BT5</cusip>
        <identifiers>
          <isin value="US654740BT54"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>HILTON DOMESTI 6.125% 04/01/32</name>
        <lei>N/A</lei>
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        <cusip>432833AQ4</cusip>
        <identifiers>
          <isin value="US432833AQ40"/>
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        <curCd>USD</curCd>
        <valUSD>111566.29000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CROCS INC 4.25% 03/15/29</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>CROCS INC REGD 144A P/P 4.25000000</title>
        <cusip>227046AA7</cusip>
        <identifiers>
          <isin value="US227046AA78"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69690.38000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>SIX FLAGS/CANA 5.375% 04/15/27</name>
        <lei>N/A</lei>
        <title>SIX FLAGS/CANADA WON REGD SER WI 5.37500000</title>
        <cusip>150190AB2</cusip>
        <identifiers>
          <isin value="US150190AB26"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99594.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RAKUTEN GROUP INC V/R /PERP/</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN GROUP INC REGD V/R /PERP/ 144A P/P 6.25000000</title>
        <cusip>75102WAB4</cusip>
        <identifiers>
          <isin value="US75102WAB46"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202003.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACADEMY LTD 6% 11/15/27</name>
        <lei>N/A</lei>
        <title>ACADEMY LTD REGD 144A P/P 6.00000000</title>
        <cusip>00401YAA8</cusip>
        <identifiers>
          <isin value="US00401YAA82"/>
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        <balance>93000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92933.84000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-11-15</maturityDt>
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      <invstOrSec>
        <name>QVC INC 5.95% 03/15/43</name>
        <lei>N/A</lei>
        <title>QVC INC REGD SER WI 5.95000000</title>
        <cusip>747262AM5</cusip>
        <identifiers>
          <isin value="US747262AM52"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32686.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>NISSAN MOTOR C 4.345% 09/17/27</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NISSAN MOTOR CO REGD 144A P/P 4.34500000</title>
        <cusip>654744AC5</cusip>
        <identifiers>
          <isin value="US654744AC50"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552193.29000000</valUSD>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2027-09-17</maturityDt>
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        <name>HOWARD HUGHES  4.125% 02/01/29</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>HOWARD HUGHES CORP REGD 144A P/P 4.12500000</title>
        <cusip>44267DAE7</cusip>
        <identifiers>
          <isin value="US44267DAE76"/>
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        <valUSD>125616.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>STAR HOLDING LL 8.75% 08/01/31</name>
        <lei>254900BDGPE9N1WAKD59</lei>
        <title>STAR HOLDING LLC REGD 144A P/P 8.75000000</title>
        <cusip>85513AAA6</cusip>
        <identifiers>
          <isin value="US85513AAA60"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73400.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOODYEAR TIRE  5.625% 04/30/33</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 5.62500000</title>
        <cusip>382550BK6</cusip>
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          <isin value="US382550BK68"/>
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        <valUSD>91531.01000000</valUSD>
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      <invstOrSec>
        <name>CINEMARK USA IN 5.25% 07/15/28</name>
        <lei>N/A</lei>
        <title>CINEMARK USA INC REGD 144A P/P 5.25000000</title>
        <cusip>172441BF3</cusip>
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          <isin value="US172441BF30"/>
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        <valUSD>153318.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>NEWMARK GROUP IN 7.5% 01/12/29</name>
        <lei>N/A</lei>
        <title>NEWMARK GROUP INC REGD SER WI 7.50000000</title>
        <cusip>65158NAD4</cusip>
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          <isin value="US65158NAD49"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120317.13000000</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>2029-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN AXLE  6.875% 07/01/28</name>
        <lei>N/A</lei>
        <title>AMERICAN AXLE &amp; MFG INC REGD 6.87500000</title>
        <cusip>02406PBA7</cusip>
        <identifiers>
          <isin value="US02406PBA75"/>
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        <balance>104000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100229.06000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>CHAMPIONS FINAN 8.75% 02/15/29</name>
        <lei>391200ZDD75EGEUJ7625</lei>
        <title>CHAMPIONS FINANCING INC REGD 144A P/P 8.75000000</title>
        <cusip>15870LAA6</cusip>
        <identifiers>
          <isin value="US15870LAA61"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>123368.75000000</valUSD>
        <pctVal>0.293542116433</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>8.75000000</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>NORDSTROM INC 6.95% 03/15/28</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD 6.95000000</title>
        <cusip>655664AH3</cusip>
        <identifiers>
          <isin value="US655664AH33"/>
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        <balance>73000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73893.94000000</valUSD>
        <pctVal>0.175822349981</pctVal>
        <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>6.95000000</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>WOLVERINE WORLD WI 4% 08/15/29</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>WOLVERINE WORLD WIDE REGD 144A P/P 4.00000000</title>
        <cusip>978097AG8</cusip>
        <identifiers>
          <isin value="US978097AG86"/>
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        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100038.31000000</valUSD>
        <pctVal>0.238029948766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        <name>KOHL'S CORPORAT 5.55% 07/17/45</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KOHL'S CORPORATION REGD 5.55000000</title>
        <cusip>500255AV6</cusip>
        <identifiers>
          <isin value="US500255AV61"/>
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        <balance>99000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47529.55000000</valUSD>
        <pctVal>0.113091238260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</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>JAGUAR LAND ROVE 4.5% 10/01/27</name>
        <lei>N/A</lei>
        <title>JAGUAR LAND ROVER AUTOMO REGD 144A P/P 4.50000000</title>
        <cusip>47010BAF1</cusip>
        <identifiers>
          <isin value="US47010BAF13"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105198.38000000</valUSD>
        <pctVal>0.250307757115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>UPBOUND GROUP  6.375% 02/15/29</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>UPBOUND GROUP INC REGD 144A P/P 6.37500000</title>
        <cusip>76009NAL4</cusip>
        <identifiers>
          <isin value="US76009NAL47"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99222.11000000</valUSD>
        <pctVal>0.236087892326</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>6.37500000</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>PHINIA INC 6.75% 04/15/29</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHINIA INC REGD 144A P/P 6.75000000</title>
        <cusip>71880KAA9</cusip>
        <identifiers>
          <isin value="US71880KAA97"/>
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        <balance>131000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132562.06000000</valUSD>
        <pctVal>0.315416567414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>6.75000000</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>
        <name>WYNDHAM HOTELS 4.375% 08/15/28</name>
        <lei>549300FE3MQ4RVXXC673</lei>
        <title>WYNDHAM HOTELS &amp; RESORTS REGD 144A P/P 4.37500000</title>
        <cusip>98311AAB1</cusip>
        <identifiers>
          <isin value="US98311AAB17"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105744.74000000</valUSD>
        <pctVal>0.251607759512</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>4.37500000</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>HILTON DOMESTIC 5.75% 05/01/28</name>
        <lei>N/A</lei>
        <title>HILTON DOMESTIC OPERATIN REGD 144A P/P 5.75000000</title>
        <cusip>432833AH4</cusip>
        <identifiers>
          <isin value="US432833AH41"/>
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        <balance>117000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117170.77000000</valUSD>
        <pctVal>0.278794717543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASBURY AUTOMOTI 4.75% 03/01/30</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP REGD SER WI 4.75000000</title>
        <cusip>043436AV6</cusip>
        <identifiers>
          <isin value="US043436AV64"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98301.53000000</valUSD>
        <pctVal>0.233897475372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>
        <name>BATH &amp; BODY WO 6.875% 11/01/35</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BATH &amp; BODY WORKS INC REGD 6.87500000</title>
        <cusip>501797AL8</cusip>
        <identifiers>
          <isin value="US501797AL82"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180354.24000000</valUSD>
        <pctVal>0.429132704331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAVIS TIRE EXPRE 6.5% 05/15/29</name>
        <lei>254900NVDM4GTLBL9E56</lei>
        <title>MAVIS TIRE EXPRESS SERVI REGD 144A P/P 6.50000000</title>
        <cusip>59155LAA0</cusip>
        <identifiers>
          <isin value="US59155LAA08"/>
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        <balance>166000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153323.96000000</valUSD>
        <pctVal>0.364817181972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMC ENTERTAINMEN 7.5% 02/15/29</name>
        <lei>549300ZO77UNR6NRBR11</lei>
        <title>AMC ENTERTAINMENT HLDGS REGD 144A P/P 7.50000000</title>
        <cusip>00165CBA1</cusip>
        <identifiers>
          <isin value="US00165CBA18"/>
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        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152002.40000000</valUSD>
        <pctVal>0.361672678040</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>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <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>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162744.60000000</valUSD>
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        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NISSAN MOTOR AC 5.55% 09/13/29</name>
        <lei>N/A</lei>
        <title>NISSAN MOTOR ACCEPTANCE REGD 144A P/P MTN 5.55000000</title>
        <cusip>65480CAH8</cusip>
        <identifiers>
          <isin value="US65480CAH88"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62889.13000000</valUSD>
        <pctVal>0.149637637739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</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>CCM MERGER INC 6.375% 05/01/26</name>
        <lei>549300P77RSBKKFME089</lei>
        <title>CCM MERGER INC REGD 144A P/P 6.37500000</title>
        <cusip>14985VAE1</cusip>
        <identifiers>
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        <name>HILTON GRAND VAC L 5% 06/01/29</name>
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        <name>CUSHMAN &amp; WAKE 8.875% 09/01/31</name>
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        <name>SAKS GLOBAL ENTER 11% 12/15/29</name>
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        <name>WYNN LAS VEGAS  5.25% 05/15/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NCL CORPORATIO 8.125% 01/15/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ROYAL CARIBBEAN 4.25% 07/01/26</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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      <invstOrSec>
        <name>CHURCHILL DOWNS 6.75% 05/01/31</name>
        <lei>529900FODTBQC8MIS994</lei>
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        <cusip>171484AJ7</cusip>
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      <invstOrSec>
        <name>GLOBAL AUTO HO/ 8.75% 01/15/32</name>
        <lei>N/A</lei>
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        <name>HILTON DOMESTIC 3.75% 05/01/29</name>
        <lei>N/A</lei>
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        <name>VF CORP 6.45% 11/01/37</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
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      <invstOrSec>
        <name>ASBURY AUTOMOTIVE  5% 02/15/32</name>
        <lei>549300JH4DTA7U42GL91</lei>
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        <cusip>043436AX2</cusip>
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          <isin value="US043436AX21"/>
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        <balance>136000.00000000</balance>
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        <valUSD>124061.32000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HOWARD HUGHES  5.375% 08/01/28</name>
        <lei>549300BVHY25JZC1KI49</lei>
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        <cusip>44267DAD9</cusip>
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        <balance>172000.00000000</balance>
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        <valUSD>165868.54000000</valUSD>
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      <invstOrSec>
        <name>SABRE GLBL INC 8.625% 06/01/27</name>
        <lei>N/A</lei>
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        <cusip>78573NAJ1</cusip>
        <identifiers>
          <isin value="US78573NAJ19"/>
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        <balance>145000.00000000</balance>
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        <name>RIVERS ENTERPR 6.625% 02/01/33</name>
        <lei>N/A</lei>
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        <cusip>76883NAA9</cusip>
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        <name>ODEON FINCO PL 12.75% 11/01/27</name>
        <lei>9845003ECF9901CC5382</lei>
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        <cusip>67585LAA3</cusip>
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        <name>LITHIA MOTORS  3.875% 06/01/29</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <cusip>536797AG8</cusip>
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        <name>CAESARS ENTERTAIN  7% 02/15/30</name>
        <lei>549300FA4CTCW903Y781</lei>
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          <isin value="US12769GAB68"/>
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        <name>COUGAR JV SUBSIDIA 8% 05/15/32</name>
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        <name>MGM RESORTS INT 4.75% 10/15/28</name>
        <lei>54930066VBP7DZEGGJ87</lei>
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        <name>SONIC AUTOMOTI 4.875% 11/15/31</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>SONIC AUTOMOTIVE INC REGD 144A P/P 4.87500000</title>
        <cusip>83545GBE1</cusip>
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      <invstOrSec>
        <name>WYNN RESORTS F 7.125% 02/15/31</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MACY'S RETAIL  5.875% 03/15/30</name>
        <lei>N/A</lei>
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          <isin value="US55617LAQ59"/>
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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>
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          <isin value="US00687YAC93"/>
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        <invCountry>JE</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADVANCE AUTO PAR 3.5% 03/15/32</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>ADVANCE AUTO PARTS REGD 3.50000000</title>
        <cusip>00751YAG1</cusip>
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          <isin value="US00751YAG17"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VF CORP 2.8% 04/23/27</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VF CORP REGD 2.80000000</title>
        <cusip>918204BB3</cusip>
        <identifiers>
          <isin value="US918204BB37"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREAT CANADIAN  8.75% 11/15/29</name>
        <lei>549300FU60SSFLTE0M84</lei>
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        <cusip>389925AA6</cusip>
        <identifiers>
          <isin value="US389925AA64"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DANA INC 4.5% 02/15/32</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>DANA INC REGD 4.50000000</title>
        <cusip>235825AJ5</cusip>
        <identifiers>
          <isin value="US235825AJ53"/>
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        <balance>78000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70255.40000000</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>ROYAL CARIBBEA 5.375% 07/15/27</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <cusip>780153BK7</cusip>
        <identifiers>
          <isin value="US780153BK72"/>
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        <balance>227000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASBURY AUTOMOT 4.625% 11/15/29</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP REGD 144A P/P 4.62500000</title>
        <cusip>043436AW4</cusip>
        <identifiers>
          <isin value="US043436AW48"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169478.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHINIA INC 6.625% 10/15/32</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHINIA INC REGD 144A P/P 6.62500000</title>
        <cusip>71880KAB7</cusip>
        <identifiers>
          <isin value="US71880KAB70"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88415.43000000</valUSD>
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      <invstOrSec>
        <name>HILTON DOMESTI 3.625% 02/15/32</name>
        <lei>N/A</lei>
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        <cusip>432833AN1</cusip>
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          <isin value="US432833AN19"/>
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        <valUSD>298416.57000000</valUSD>
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        <name>CINEMARK USA INC 7% 08/01/32</name>
        <lei>N/A</lei>
        <title>CINEMARK USA INC REGD 144A P/P 7.00000000</title>
        <cusip>172441BH9</cusip>
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          <isin value="US172441BH95"/>
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        <curCd>USD</curCd>
        <valUSD>133058.77000000</valUSD>
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        <name>CUSHMAN &amp; WAKEF 6.75% 05/15/28</name>
        <lei>N/A</lei>
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        <cusip>23166MAA1</cusip>
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          <isin value="US23166MAA18"/>
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        <name>ALLISON TRANSMI 4.75% 10/01/27</name>
        <lei>N/A</lei>
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        <cusip>019736AE7</cusip>
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          <isin value="US019736AE70"/>
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      <invstOrSec>
        <name>KENNEDY-WILSON  4.75% 03/01/29</name>
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          <isin value="US489399AL90"/>
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        <name>NISSAN MOTOR AC 6.95% 09/15/26</name>
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          <isin value="US65480CAE57"/>
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        <name>VAIL RESORTS INC 6.5% 05/15/32</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>VAIL RESORTS INC REGD 144A P/P 6.50000000</title>
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          <isin value="US91879QAP46"/>
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        <curCd>USD</curCd>
        <valUSD>141909.74000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>INTERNATIONAL G 6.25% 01/15/27</name>
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        <name>PENSKE AUTOMOTI 3.75% 06/15/29</name>
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        <name>MCLAREN FINANCE  7.5% 08/01/26</name>
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        <cusip>58175LAA8</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ADVANCE AUTO PA 5.95% 03/09/28</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
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        <cusip>00751YAJ5</cusip>
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          <isin value="US00751YAJ55"/>
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        <invCountry>US</invCountry>
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        <name>TRAVEL + LEISURE C 6% 04/01/27</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>TRAVEL + LEISURE CO REGD 6.00000000</title>
        <cusip>98310WAN8</cusip>
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        <valUSD>90587.37000000</valUSD>
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        <name>NISSAN MOTOR AC 2.45% 09/15/28</name>
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        <cusip>65480CAD7</cusip>
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        <name>LIGHT &amp; WONDER INT 7% 05/15/28</name>
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        <cusip>80874YBC3</cusip>
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        <name>APTIV SWISS HOLDI V/R 12/15/54</name>
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        <name>ASTON MARTIN CAPI 10% 03/31/29</name>
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        <name>MACY'S RETAIL HL 4.5% 12/15/34</name>
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        <name>FERTITTA ENTERT 6.75% 01/15/30</name>
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        <name>WAYFAIR LLC 7.75% 09/15/30</name>
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        <name>JACOBS ENTERTAI 6.75% 02/15/29</name>
        <lei>5493004U9JIWY3HSUO63</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>RAKUTEN GROUP  11.25% 02/15/27</name>
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      <invstOrSec>
        <name>RESORTS WORLD/R 8.45% 07/27/30</name>
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        <identifiers>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>DEALER TIRE LLC/DT 8% 02/01/28</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>CARNIVAL CORP 6.125% 02/15/33</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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        <cusip>143658BX9</cusip>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <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>128000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119373.03000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>BATH &amp; BODY WOR 6.95% 03/01/33</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <cusip>532716AK3</cusip>
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          <isin value="US532716AK37"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64458.39000000</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>VICTRA HLDG/VIC 8.75% 09/15/29</name>
        <lei>N/A</lei>
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        <cusip>92648DAA4</cusip>
        <identifiers>
          <isin value="US92648DAA46"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101650.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <curCd>USD</curCd>
        <valUSD>115012.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>WILLIAM CARTER 5.625% 03/15/27</name>
        <lei>N/A</lei>
        <title>WILLIAM CARTER REGD 144A P/P 5.62500000</title>
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        <identifiers>
          <isin value="US96926JAC18"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112096.41000000</valUSD>
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        <name>INTERNATIONAL  4.125% 04/15/26</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL GAME TECH REGD 144A P/P 4.12500000</title>
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          <isin value="US460599AF06"/>
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        <issuerCat>CORP</issuerCat>
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          <isin value="US780153BG60"/>
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        <invCountry>LR</invCountry>

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        <name>NORDSTROM INC 4.375% 04/01/30</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD 4.37500000</title>
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          <isin value="US655664AT70"/>
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        <balance>112000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100320.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>RAKUTEN GROUP I 9.75% 04/15/29</name>
        <lei>529900IMXUCQKUL1H943</lei>
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        <invCountry>JP</invCountry>
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          <isin value="US62886HBP55"/>
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        <curCd>USD</curCd>
        <valUSD>73227.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOODYEAR TIRE &amp; RU 5% 07/15/29</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE &amp; RUBBER REGD 5.00000000</title>
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        <name>STATION CASINOS  4.5% 02/15/28</name>
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        <name>BATH &amp; BODY WO 6.625% 10/01/30</name>
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        <name>HILTON DOMESTI 5.875% 04/01/29</name>
        <lei>N/A</lei>
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        <name>RAKUTEN GROUP INC V/R /PERP/</name>
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        <name>KEN GARFF AUTO 4.875% 09/15/28</name>
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        <name>HILTON GRAND V 4.875% 07/01/31</name>
        <lei>N/A</lei>
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        <name>MACY'S RETAIL  6.125% 03/15/32</name>
        <lei>N/A</lei>
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        <lei>549300FA4CTCW903Y781</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>CROCS INC 4.125% 08/15/31</name>
        <lei>549300B0J6YCXD63OG72</lei>
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          <isin value="US227046AB51"/>
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        <name>ZF NA CAPITAL 6.75% 04/23/30</name>
        <lei>N/A</lei>
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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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      <invstOrSec>
        <name>RAKUTEN GROUP INC V/R /PERP/</name>
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        <invCountry>JP</invCountry>
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        <name>LIGHT &amp; WONDER I 7.5% 09/01/31</name>
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        <cusip>531968AA3</cusip>
        <identifiers>
          <isin value="US531968AA36"/>
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        <name>BATH &amp; BODY WO 6.694% 01/15/27</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <cusip>501797AQ7</cusip>
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          <isin value="US501797AQ79"/>
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      <invstOrSec>
        <name>ANYWHERE REAL EST/ 7% 04/15/30</name>
        <lei>N/A</lei>
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        <cusip>75606DAS0</cusip>
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        <name>KENNEDY-WILSON  4.75% 02/01/30</name>
        <lei>N/A</lei>
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          <isin value="US489399AN56"/>
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        <name>WAYFAIR LLC 7.25% 10/31/29</name>
        <lei>N/A</lei>
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          <isin value="US94419NAA54"/>
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        <name>MIDWEST GMNG B 4.875% 05/01/29</name>
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        <name>QVC INC 5.45% 08/15/34</name>
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        <name>BOYD GAMING COR 4.75% 12/01/27</name>
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        <name>HUNT COS INC 5.25% 04/15/29</name>
        <lei>549300ODPWDNCH5TKM49</lei>
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          <isin value="US445587AE85"/>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MAGNERA CORP 4.75% 11/15/29</name>
        <lei>549300LDQLQBT38QDY28</lei>
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          <isin value="US377320AA45"/>
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        <curCd>USD</curCd>
        <valUSD>69813.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EVERI HOLDINGS INC 5% 07/15/29</name>
        <lei>5299006DK5S7BG10K532</lei>
        <title>EVERI HOLDINGS INC REGD 144A P/P 5.00000000</title>
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        <identifiers>
          <isin value="US30034TAA16"/>
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        <curCd>USD</curCd>
        <valUSD>94392.17000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PETSMART INC/PE 4.75% 02/15/28</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US71677KAA60"/>
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        <curCd>USD</curCd>
        <valUSD>265056.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHAMP ACQUISIT 8.375% 12/01/31</name>
        <lei>N/A</lei>
        <title>CHAMP ACQUISITION CORP REGD 144A P/P 8.37500000</title>
        <cusip>15807XAA8</cusip>
        <identifiers>
          <isin value="US15807XAA81"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121437.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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      <invstOrSec>
        <name>MGM RESORTS INTL 6.5% 04/15/32</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM RESORTS INTL REGD 6.50000000</title>
        <cusip>552953CJ8</cusip>
        <identifiers>
          <isin value="US552953CJ87"/>
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        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>167639.36000000</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>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VELOCITY VEHICLE G 8% 06/01/29</name>
        <lei>N/A</lei>
        <title>VELOCITY VEHICLE GROUP REGD 144A P/P 8.00000000</title>
        <cusip>92262TAA4</cusip>
        <identifiers>
          <isin value="US92262TAA43"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121356.24000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LEVI STRAUSS &amp; C 3.5% 03/01/31</name>
        <lei>MB0UERO0RDFKU8258G77</lei>
        <title>LEVI STRAUSS &amp; CO REGD 144A P/P 3.50000000</title>
        <cusip>52736RBJ0</cusip>
        <identifiers>
          <isin value="US52736RBJ05"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96528.22000000</valUSD>
        <pctVal>0.229678082937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOWARD HUGHES  4.375% 02/01/31</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>HOWARD HUGHES CORP REGD 144A P/P 4.37500000</title>
        <cusip>44267DAF4</cusip>
        <identifiers>
          <isin value="US44267DAF42"/>
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        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146465.43000000</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>MACY'S RETAIL  5.125% 01/15/42</name>
        <lei>N/A</lei>
        <title>MACY'S RETAIL HLDGS LLC REGD 5.12500000</title>
        <cusip>55616XAG2</cusip>
        <identifiers>
          <isin value="US55616XAG25"/>
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        <balance>68000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44734.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>GENTING NY LLC/ 7.25% 10/01/29</name>
        <lei>N/A</lei>
        <title>GENTING NY LLC/GENNY CAP REGD 144A P/P 7.25000000</title>
        <cusip>37255JAB8</cusip>
        <identifiers>
          <isin value="US37255JAB89"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140010.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORESTAR GROUP INC 5% 03/01/28</name>
        <lei>N/A</lei>
        <title>FORESTAR GROUP INC REGD 144A P/P 5.00000000</title>
        <cusip>346232AE1</cusip>
        <identifiers>
          <isin value="US346232AE19"/>
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        <balance>70000.00000000</balance>
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        <valUSD>68077.21000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>CAESARS ENTERT 4.625% 10/15/29</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <cusip>12769GAA8</cusip>
        <identifiers>
          <isin value="US12769GAA85"/>
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        <balance>275000.00000000</balance>
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        <valUSD>254146.31000000</valUSD>
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        <name>CLARIOS GLOBAL  6.75% 02/15/30</name>
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        <invCountry>N/A</invCountry>

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        <name>EMPIRE RESORTS  7.75% 11/01/26</name>
        <lei>N/A</lei>
        <title>EMPIRE RESORTS INC REGD 144A P/P 7.75000000</title>
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          <isin value="US292052AF45"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>AFFINITY INTER 6.875% 12/15/27</name>
        <lei>N/A</lei>
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          <isin value="US00842XAA72"/>
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        <valUSD>86149.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NISSAN MOTOR ACC 5.3% 09/13/27</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US65480CAG06"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88301.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ROYAL CARIBBEAN CR 6% 02/01/33</name>
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        <name>SABRE GLBL INC 10.75% 11/15/29</name>
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        <name>KENNEDY-WILSON INC 5% 03/01/31</name>
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        <name>BATH &amp; BODY WORK 7.5% 06/15/29</name>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONTOOR BRANDS 4.125% 11/15/29</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>KONTOOR BRANDS INC REGD 144A P/P 4.12500000</title>
        <cusip>50050NAA1</cusip>
        <identifiers>
          <isin value="US50050NAA19"/>
        </identifiers>
        <balance>89000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81883.37000000</valUSD>
        <pctVal>0.194832303403</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>4.12500000</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>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"/>
        </identifiers>
        <balance>183000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174394.57000000</valUSD>
        <pctVal>0.414952337382</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BondBloxx ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Tony Kelly</ncom:signature>
      <ncom:signerName>Tony Kelly</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
