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      <invstOrSec>
        <name>OFFICE PPTY INCOME 9% 09/30/29</name>
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      <invstOrSec>
        <name>MPT OPER PARTNERSP 5% 10/15/27</name>
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          <isin value="US55342UAH77"/>
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      <invstOrSec>
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          <isin value="US46284VAL53"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RHP HOTEL PPTY/ 4.75% 10/15/27</name>
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          <isin value="US749571AF20"/>
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        <name>UWM HOLDINGS L 6.625% 02/01/30</name>
        <lei>N/A</lei>
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          <isin value="US903522AA85"/>
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        <fairValLevel>2</fairValLevel>
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        <name>HOWDEN UK REFIN 7.25% 02/15/31</name>
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          <isin value="US44287GAA40"/>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HIGHTOWER HOLDI 6.75% 04/15/29</name>
        <lei>254900MKOSB7RTMA9K12</lei>
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        <cusip>43118DAA8</cusip>
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          <isin value="US43118DAA81"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLOCK INC 2.75% 06/01/26</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>BLOCK INC REGD 2.75000000</title>
        <cusip>852234AN3</cusip>
        <identifiers>
          <isin value="US852234AN39"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210030.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PENNYMAC FIN S 7.125% 11/15/30</name>
        <lei>549300W1D516HBDEU871</lei>
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        <cusip>70932MAE7</cusip>
        <identifiers>
          <isin value="US70932MAE75"/>
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        <curCd>USD</curCd>
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        <name>CONSTELLATION IN 6.8% 01/24/30</name>
        <lei>N/A</lei>
        <title>CONSTELLATION INSURC INC REGD 144A P/P 6.80000000</title>
        <cusip>67740QAH9</cusip>
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          <isin value="US67740QAH92"/>
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        <name>WILTON RE LTD V/R /PERP/</name>
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        <name>FREEDOM MORTGAG 9.25% 02/01/29</name>
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          <isin value="US35641AAA60"/>
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        <name>VORNADO REALTY  2.15% 06/01/26</name>
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        <name>ICAHN ENTERPRI 4.375% 02/01/29</name>
        <lei>N/A</lei>
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          <isin value="US451102CC97"/>
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          <couponKind>Fixed</couponKind>
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        <name>VORNADO REALTY L 3.4% 06/01/31</name>
        <lei>N/A</lei>
        <title>VORNADO REALTY LP REGD 3.40000000</title>
        <cusip>929043AL1</cusip>
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          <isin value="US929043AL12"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63909.93000000</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>
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      <invstOrSec>
        <name>SERVICE PROPERTI 5.5% 12/15/27</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOWDEN UK REFI 8.125% 02/15/32</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US44287DAA19"/>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US37959GAC15"/>
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        <valUSD>152115.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HUDSON PACIFIC  4.65% 04/01/29</name>
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          <isin value="US44409MAB28"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>ACURIS FIN US/ACUR 5% 05/01/28</name>
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          <isin value="US00511BAA52"/>
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        <valUSD>66405.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>PENNYMAC FIN SV 4.25% 02/15/29</name>
        <lei>549300W1D516HBDEU871</lei>
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        <cusip>70932MAB3</cusip>
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          <isin value="US70932MAB37"/>
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        <curCd>USD</curCd>
        <valUSD>135504.31000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACRISURE LLC /  4.25% 02/15/29</name>
        <lei>N/A</lei>
        <title>ACRISURE LLC / FIN INC REGD 144A P/P 4.25000000</title>
        <cusip>00489LAF0</cusip>
        <identifiers>
          <isin value="US00489LAF04"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140310.59000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>OSAIC HOLDINGS 10.75% 08/01/27</name>
        <lei>N/A</lei>
        <title>OSAIC HOLDINGS INC REGD 144A P/P 10.75000000</title>
        <cusip>00791GAA5</cusip>
        <identifiers>
          <isin value="US00791GAA58"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85267.50000000</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>LIBERTY MUTUAL GR V/R 12/15/51</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HIGHTOWER HOLD 9.125% 01/31/30</name>
        <lei>254900MKOSB7RTMA9K12</lei>
        <title>HIGHTOWER HOLDING LLC REGD 144A P/P 9.12500000</title>
        <cusip>43118DAB6</cusip>
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        <name>FIRSTCASH INC 6.875% 03/01/32</name>
        <lei>549300V2X3UU7K0DG350</lei>
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        <cusip>33767DAD7</cusip>
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          <isin value="US33767DAD75"/>
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        <name>NAVIENT CORP 9.375% 07/25/30</name>
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        <title>NAVIENT CORP REGD 9.37500000</title>
        <cusip>63938CAN8</cusip>
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          <isin value="US63938CAN83"/>
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        <name>FREEDOM MORTGA 9.125% 05/15/31</name>
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        <name>MIDCAP FINANCI 5.625% 01/15/30</name>
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        <cusip>59590AAA7</cusip>
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        <name>CTR PARTNERSHI 3.875% 06/30/28</name>
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          <isin value="US126458AE87"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA COMMUNICAT 3.125% 02/01/29</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA COMMUNICATIONS CORP REGD SER WI 3.12500000</title>
        <cusip>78410GAG9</cusip>
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        <curCd>USD</curCd>
        <valUSD>296827.01000000</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>
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      <invstOrSec>
        <name>IRON MOUNTAIN IN 4.5% 02/15/31</name>
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        <name>STONEX GROUP I 7.875% 03/01/31</name>
        <lei>549300JUF07L8VF02M60</lei>
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        <cusip>861896AA6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>DIVERSIFIED HEA 4.75% 02/15/28</name>
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        <name>PHH ESCROW ISS 9.875% 11/01/29</name>
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        <name>FREEDOM MORTGA 6.625% 01/15/27</name>
        <lei>549300LYRWPSYPK6S325</lei>
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        <cusip>35640YAJ6</cusip>
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        <name>SHIFT4 PAYMENTS 6.75% 08/15/32</name>
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        <name>NECESS RETAIL/AF 4.5% 09/30/28</name>
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        <name>UNICREDIT SPA V/R 06/30/35</name>
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      <invstOrSec>
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      <invstOrSec>
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          <isin value="US70052LAB99"/>
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      <invstOrSec>
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          <isin value="US63938CAP32"/>
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      <invstOrSec>
        <name>CREDIT ACCEPTAN 9.25% 12/15/28</name>
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        <identifiers>
          <isin value="US225310AQ40"/>
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        <name>BOOST NEWCO BORR 7.5% 01/15/31</name>
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          <isin value="US36268NAA81"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <cusip>44106MBA9</cusip>
        <identifiers>
          <isin value="US44106MBA99"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89181.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>MOBIUS MERGER SUB 9% 06/01/30</name>
        <lei>N/A</lei>
        <title>MOBIUS MERGER SUB REGD 144A P/P 9.00000000</title>
        <cusip>606950AA1</cusip>
        <identifiers>
          <isin value="US606950AA10"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88257.58000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <lei>529900IS770AG1K9QG27</lei>
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        <cusip>44106MAY8</cusip>
        <identifiers>
          <isin value="US44106MAY84"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59724.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCKETMTGE CO- 3.875% 03/01/31</name>
        <lei>N/A</lei>
        <title>ROCKETMTGE CO-ISSUER INC REGD 144A P/P 3.87500000</title>
        <cusip>74841CAB7</cusip>
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        <balance>264000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238867.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>JANE STREET GR 7.125% 04/30/31</name>
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          <isin value="US47077WAC29"/>
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        <cusip>34417VAA5</cusip>
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          <isin value="US34417VAA52"/>
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        <lei>2549007UUVJTHHNK9T70</lei>
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        <cusip>233104AA6</cusip>
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          <isin value="US233104AA67"/>
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        <name>NAVIENT CORP 6.75% 06/15/26</name>
        <lei>54930067J0ZNOEBRW338</lei>
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        <cusip>63938CAJ7</cusip>
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          <isin value="US63938CAJ71"/>
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        <balance>105000.00000000</balance>
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        <valUSD>106044.86000000</valUSD>
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        <name>JANE STREET GRP/ 4.5% 11/15/29</name>
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          <isin value="US47077WAA62"/>
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        <name>NATIONSTAR MTG H 6.5% 08/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>XHR LP 4.875% 06/01/29</name>
        <lei>N/A</lei>
        <title>XHR LP REGD 144A P/P 4.87500000</title>
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        <identifiers>
          <isin value="US98372MAC91"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98806.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>OFFICE PPTY INCOME 9% 03/31/29</name>
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        <name>BRANDYWINE OPER 4.55% 10/01/29</name>
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        <name>COBRA ACQUISIT 6.375% 11/01/29</name>
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        <name>IRON MOUNTAIN I 5.25% 03/15/28</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <cusip>46284VAE1</cusip>
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        <name>BROOKFIELD PPTY  4.5% 04/01/27</name>
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        <name>PENNYMAC FIN S 6.875% 02/15/33</name>
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        <name>FORTRESS TRANS &amp; I 7% 06/15/32</name>
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      <invstOrSec>
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        <name>UNITED WHOLESALE 5.5% 04/15/29</name>
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          <isin value="US44106MAX02"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>GOEASY LTD 6.875% 05/15/30</name>
        <lei>5493009DJVZG2P8YV435</lei>
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        <cusip>380355AM9</cusip>
        <identifiers>
          <isin value="US380355AM92"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81035.52000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PAYSAFE FIN PLC/PA 4% 06/15/29</name>
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        <cusip>70452AAA1</cusip>
        <identifiers>
          <isin value="US70452AAA16"/>
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        <curCd>USD</curCd>
        <valUSD>65546.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACRISURE LLC / FIN 6% 08/01/29</name>
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        <cusip>00489LAH6</cusip>
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          <isin value="US00489LAH69"/>
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        <curCd>USD</curCd>
        <valUSD>106212.63000000</valUSD>
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      <invstOrSec>
        <name>BRANDYWINE OPE 8.875% 04/12/29</name>
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        <name>PENNYMAC FIN S 7.875% 12/15/29</name>
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        <name>IRON MOUNTAIN INC 7% 02/15/29</name>
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          <isin value="US98372MAE57"/>
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        <name>AMWINS GROUP I 6.375% 02/15/29</name>
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        <name>RHP HOTEL PPTY/ 7.25% 07/15/28</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATIONSTAR MTG HLD 6% 01/15/27</name>
        <lei>N/A</lei>
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          <isin value="US63861CAA71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONEMAIN FINANCE  3.5% 01/15/27</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 3.50000000</title>
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          <isin value="US682691AB63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCKETMTGE CO-ISSU 4% 10/15/33</name>
        <lei>N/A</lei>
        <title>ROCKETMTGE CO-ISSUER INC REGD P/P 4.00000000</title>
        <cusip>77313LAB9</cusip>
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          <isin value="US77313LAB99"/>
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        <fairValLevel>2</fairValLevel>
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        <name>HUDSON PACIFIC  5.95% 02/15/28</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIE REGD 5.95000000</title>
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        <identifiers>
          <isin value="US44409MAD83"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58557.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FREEDOM MORTGA 12.25% 10/01/30</name>
        <lei>549300LYRWPSYPK6S325</lei>
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        <cusip>35640YAL1</cusip>
        <identifiers>
          <isin value="US35640YAL11"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROADSTREET PA 5.875% 04/15/29</name>
        <lei>549300BS9N54G8DD0R75</lei>
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        <cusip>11135RAA3</cusip>
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          <isin value="US11135RAA32"/>
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        <valUSD>149825.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACRISURE LLC / F 8.5% 06/15/29</name>
        <lei>N/A</lei>
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        <cusip>00489LAM5</cusip>
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          <isin value="US00489LAM54"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103407.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLY FINANCIAL IN V/R 01/17/40</name>
        <lei>549300JBN1OSM8YNAI90</lei>
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        <cusip>02005NBY5</cusip>
        <identifiers>
          <isin value="US02005NBY58"/>
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        <curCd>USD</curCd>
        <valUSD>100081.94000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES 10% 11/15/29</name>
        <lei>N/A</lei>
        <title>ICAHN ENTERPRISES/FIN REGD 144A P/P 10.00000000</title>
        <cusip>451102CK1</cusip>
        <identifiers>
          <isin value="US451102CK14"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102802.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DIEBOLD NIXDORF 7.75% 03/31/30</name>
        <lei>549300XZK6EWDBAZSY16</lei>
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        <cusip>253651AK9</cusip>
        <identifiers>
          <isin value="US253651AK94"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213941.90000000</valUSD>
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        <name>STARWOOD PROPE 4.375% 01/15/27</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <cusip>85571BAY1</cusip>
        <identifiers>
          <isin value="US85571BAY11"/>
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        <balance>105000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>ROCKETMTGE CO- 2.875% 10/15/26</name>
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        <cusip>77313LAA1</cusip>
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          <isin value="US77313LAA17"/>
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        <name>SERVICE PROPERT 4.95% 02/15/27</name>
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        <name>MIDCAP FINANCIAL 6.5% 05/01/28</name>
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          <isin value="US59567LAA26"/>
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        <name>CREDIT ACCEPTA 6.625% 03/15/30</name>
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        <cusip>225310AS0</cusip>
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          <isin value="US225310AS06"/>
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      <invstOrSec>
        <name>ALLY FINANCIAL I 6.7% 02/14/33</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC REGD 6.70000000</title>
        <cusip>02005NBS8</cusip>
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          <isin value="US02005NBS80"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PARK INTERMED HOLD 7% 02/01/30</name>
        <lei>N/A</lei>
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          <isin value="US70052LAD55"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENOVA INTERNAT 9.125% 08/01/29</name>
        <lei>549300O8XOCQSB49UO63</lei>
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        <curCd>USD</curCd>
        <valUSD>107509.08000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIVERSIFIED HE 4.375% 03/01/31</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE T REGD 4.37500000</title>
        <cusip>25525PAB3</cusip>
        <identifiers>
          <isin value="US25525PAB31"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALLIANT HOLD /  6.75% 04/15/28</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 6.75000000</title>
        <cusip>01883LAE3</cusip>
        <identifiers>
          <isin value="US01883LAE39"/>
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        <balance>266000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268135.98000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COINBASE GLOBA 3.625% 10/01/31</name>
        <lei>5493004G3J2SC154DU06</lei>
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        <cusip>19260QAD9</cusip>
        <identifiers>
          <isin value="US19260QAD97"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134654.93000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FORTRESS TRANS 5.875% 04/15/33</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FORTRESS TRANS &amp; INFRAST REGD 144A P/P 5.87500000</title>
        <cusip>34960PAH4</cusip>
        <identifiers>
          <isin value="US34960PAH47"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95790.59000000</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>
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      <invstOrSec>
        <name>NATIONSTAR MTG 7.125% 02/01/32</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MTG HLD INC REGD 144A P/P 7.12500000</title>
        <cusip>63861CAF6</cusip>
        <identifiers>
          <isin value="US63861CAF68"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223254.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>BLOCK INC 3.5% 06/01/31</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>BLOCK INC REGD 3.50000000</title>
        <cusip>852234AP8</cusip>
        <identifiers>
          <isin value="US852234AP86"/>
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        <balance>212000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>189440.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>STARWOOD PROPER 7.25% 04/01/29</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROPERTY TRUST REGD 144A P/P 7.25000000</title>
        <cusip>85571BBB0</cusip>
        <identifiers>
          <isin value="US85571BBB09"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134975.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>GGAM FINANCE LTD 8% 06/15/28</name>
        <lei>N/A</lei>
        <title>GGAM FINANCE LTD REGD 144A P/P 8.00000000</title>
        <cusip>36170JAA4</cusip>
        <identifiers>
          <isin value="US36170JAA43"/>
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        <balance>128000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134453.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>SERVICE PROPER 8.875% 06/15/32</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>SERVICE PROPERTIES TRUST REGD 8.87500000</title>
        <cusip>81761LAE2</cusip>
        <identifiers>
          <isin value="US81761LAE20"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101608.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>SLM CORP 6.5% 01/31/30</name>
        <lei>N/A</lei>
        <title>SLM CORP REGD 6.50000000</title>
        <cusip>78442PGF7</cusip>
        <identifiers>
          <isin value="US78442PGF71"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>HUB INTERNATIO 7.375% 01/31/32</name>
        <lei>N/A</lei>
        <title>HUB INTERNATIONAL LTD REGD 144A P/P 7.37500000</title>
        <cusip>44332PAJ0</cusip>
        <identifiers>
          <isin value="US44332PAJ03"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>417501.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STARWOOD PROPERT 6.5% 07/01/30</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROPERTY TRUST REGD 144A P/P 6.50000000</title>
        <cusip>85571BBD6</cusip>
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          <isin value="US85571BBD64"/>
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      <invstOrSec>
        <name>ARETEC GROUP INC 10% 08/15/30</name>
        <lei>549300NV2T8A33L0PQ58</lei>
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        <cusip>04020JAA4</cusip>
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          <isin value="US04020JAA43"/>
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        <curCd>USD</curCd>
        <valUSD>167090.31000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RFNA LP 7.875% 02/15/30</name>
        <lei>2549002A4GSOTYKKHR45</lei>
        <title>RFNA LP REGD 144A P/P 7.87500000</title>
        <cusip>74984AAA0</cusip>
        <identifiers>
          <isin value="US74984AAA07"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98468.50000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>RLJ LODGING TRUST  4% 09/15/29</name>
        <lei>N/A</lei>
        <title>RLJ LODGING TRUST LP REGD 144A P/P 4.00000000</title>
        <cusip>74965LAB7</cusip>
        <identifiers>
          <isin value="US74965LAB71"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90474.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ONEMAIN FINANC 6.625% 01/15/28</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.62500000</title>
        <cusip>85172FAQ2</cusip>
        <identifiers>
          <isin value="US85172FAQ28"/>
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        <name>ICAHN ENTERPRISES/ 9% 06/15/30</name>
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        <name>GLOBAL ATLANTIC F V/R 10/15/54</name>
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          <isin value="US78442FAZ18"/>
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        <name>NATIONSTAR MTG H 5.5% 08/15/28</name>
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        <name>NAVIENT CORP 5% 03/15/27</name>
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        <name>ALLIANT HOLD /  4.25% 10/15/27</name>
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        <name>ICAHN ENTERPRIS 6.25% 05/15/26</name>
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        <name>ROCKETMTGE CO- 3.625% 03/01/29</name>
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        <name>JANE STREET GR 6.125% 11/01/32</name>
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        <name>LFS TOPCO LLC 5.875% 10/15/26</name>
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        <name>BANC OF CALIFORNI V/R 05/01/31</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <lei>N/A</lei>
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      <invstOrSec>
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        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BLACKSTONE MORTGAGE TR REGD 144A P/P 7.75000000</title>
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        <identifiers>
          <isin value="US09257WAF77"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300LYRWPSYPK6S325</lei>
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          <isin value="US35640YAK38"/>
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        <issuerCat>CORP</issuerCat>
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        <name>OUTFRONT MEDIA 7.375% 02/15/31</name>
        <lei>N/A</lei>
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          <isin value="US69007TAG94"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>OUTFRONT MEDIA  4.25% 01/15/29</name>
        <lei>N/A</lei>
        <title>OUTFRONT MEDIA CAP LLC/C REGD 144A P/P 4.25000000</title>
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          <isin value="US69007TAE47"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BLACKSTONE MORTGAGE TR REGD 144A P/P 3.75000000</title>
        <cusip>09257WAD2</cusip>
        <identifiers>
          <isin value="US09257WAD20"/>
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        <curCd>USD</curCd>
        <valUSD>68498.18000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONSTAR MTG  5.75% 11/15/31</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MTG HLD INC REGD 144A P/P 5.75000000</title>
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        <identifiers>
          <isin value="US63861CAE93"/>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 3.87500000</title>
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          <isin value="US682691AC47"/>
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        <name>PRA GROUP INC 5% 10/01/29</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRA GROUP INC REGD 144A P/P 5.00000000</title>
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          <isin value="US69354NAD84"/>
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        <name>APH/APH2/APH3/ 7.875% 11/01/29</name>
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        <name>ENCORE CAPITAL G 8.5% 05/15/30</name>
        <lei>5493000UVC6H49CIH830</lei>
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          <isin value="US682691AE03"/>
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        <name>BRANDYWINE OPER 3.95% 11/15/27</name>
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          <isin value="US105340AQ63"/>
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        <name>FTAI INFRA ESC  10.5% 06/01/27</name>
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        <name>RHP HOTEL PPTY/R 4.5% 02/15/29</name>
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        <name>FORTRESS TRANS &amp; I 7% 05/01/31</name>
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        <name>LIBERTY MUTUAL G 4.3% 02/01/61</name>
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        <name>STANDARD CHARTERED  V/R /PERP/</name>
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        <name>BRANDYWINE OPER  8.3% 03/15/28</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>LIBERTY MUTUAL G 7.8% 03/15/37</name>
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          <isin value="US53079EAN40"/>
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      <invstOrSec>
        <name>GGAM FINANCE LTD 8% 02/15/27</name>
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          <isin value="US36170JAC09"/>
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        <invCountry>KY</invCountry>

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        <name>RHP HOTEL PPTY/R 6.5% 04/01/32</name>
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      <invstOrSec>
        <name>PROSPECT CAPIT 3.364% 11/15/26</name>
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          <isin value="US74348TAV44"/>
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      <invstOrSec>
        <name>PROSPECT CAPIT 3.437% 10/15/28</name>
        <lei>549300FSD8T39P5Q0O47</lei>
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        <cusip>74348TAW2</cusip>
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          <isin value="US74348TAW27"/>
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        <valUSD>52533.59000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>VALLEY NATIONAL B V/R 06/15/31</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>VALLEY NATIONAL BANCORP REGD V/R 3.00000000</title>
        <cusip>919794AE7</cusip>
        <identifiers>
          <isin value="US919794AE70"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59054.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT OPER PARTN 4.625% 08/01/29</name>
        <lei>N/A</lei>
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        <cusip>55342UAJ3</cusip>
        <identifiers>
          <isin value="US55342UAJ34"/>
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        <curCd>USD</curCd>
        <valUSD>146470.73000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AMWINS GROUP I 4.875% 06/30/29</name>
        <lei>N/A</lei>
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          <isin value="US031921AB57"/>
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        <valUSD>162467.73000000</valUSD>
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        <name>UNITI GROUP/CSL 10.5% 02/15/28</name>
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        <cusip>91327TAA9</cusip>
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        <name>BLOCK INC 6.5% 05/15/32</name>
        <lei>549300OHIIUWSTIZME52</lei>
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        <cusip>852234AR4</cusip>
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          <isin value="US852234AR43"/>
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        <lei>549300G8S4PO686J7H97</lei>
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        <name>RYAN SPECIALTY 5.875% 08/01/32</name>
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        <name>RYAN SPECIALTY 4.375% 02/01/30</name>
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      <invstOrSec>
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        <lei>549300JQIWNFU00E5424</lei>
        <title>JONES DESLAURIERS INSURA REGD 144A P/P 10.50000000</title>
        <cusip>48020RAA3</cusip>
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          <isin value="US48020RAA32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONSTAR MTG 5.125% 12/15/30</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MTG HLD INC REGD 144A P/P 5.12500000</title>
        <cusip>63861CAD1</cusip>
        <identifiers>
          <isin value="US63861CAD11"/>
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      <invstOrSec>
        <name>POPULAR INC 7.25% 03/13/28</name>
        <lei>5493008CARDZMVQ3LO89</lei>
        <title>POPULAR INC REGD 7.25000000</title>
        <cusip>733174AL0</cusip>
        <identifiers>
          <isin value="US733174AL01"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87876.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP/CSL  6.5% 02/15/29</name>
        <lei>N/A</lei>
        <title>UNITI GROUP/CSL CAPITAL REGD 144A P/P 6.50000000</title>
        <cusip>91327BAA8</cusip>
        <identifiers>
          <isin value="US91327BAA89"/>
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        <balance>242000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221690.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PROG HOLDINGS INC 6% 11/15/29</name>
        <lei>549300DHYTLBOVRXIG52</lei>
        <title>PROG HOLDINGS INC REGD 144A P/P 6.00000000</title>
        <cusip>74319RAA9</cusip>
        <identifiers>
          <isin value="US74319RAA95"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119971.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DRESDNER FNDG  8.151% 06/30/31</name>
        <lei>N/A</lei>
        <title>DRESDNER FNDG TRUST I REGD P/P 8.15100000</title>
        <cusip>26156FAA1</cusip>
        <identifiers>
          <isin value="US26156FAA12"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>234524.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.15100000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLIANT HOLD / CO- 7% 01/15/31</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 7.00000000</title>
        <cusip>01883LAF0</cusip>
        <identifiers>
          <isin value="US01883LAF04"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>314928.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSUREDPARTNER 5.625% 01/15/29</name>
        <lei>N/A</lei>
        <title>ASSUREDPARTNERS INC REGD 144A P/P 5.62500000</title>
        <cusip>04624VAB5</cusip>
        <identifiers>
          <isin value="US04624VAB53"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>114726.94000000</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>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BREAD FINANCIAL 9.75% 03/15/29</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BREAD FINANCIAL HLDGS REGD 144A P/P 9.75000000</title>
        <cusip>018581AP3</cusip>
        <identifiers>
          <isin value="US018581AP34"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205308.43000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>IRON MOUNTAIN I 5.25% 07/15/30</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 5.25000000</title>
        <cusip>46284VAJ0</cusip>
        <identifiers>
          <isin value="US46284VAJ08"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266774.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ARDONAGH FINCO  7.75% 02/15/31</name>
        <lei>N/A</lei>
        <title>ARDONAGH FINCO LTD REGD 144A P/P 7.75000000</title>
        <cusip>039853AA4</cusip>
        <identifiers>
          <isin value="US039853AA46"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229254.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>GOEASY LTD 9.25% 12/01/28</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GOEASY LTD REGD 144A P/P 9.25000000</title>
        <cusip>380355AH0</cusip>
        <identifiers>
          <isin value="US380355AH08"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120498.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>USI INC/NY 7.5% 01/15/32</name>
        <lei>N/A</lei>
        <title>USI INC/NY REGD 144A P/P 7.50000000</title>
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        <identifiers>
          <isin value="US90346KAB52"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134425.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HUDSON PACIFIC  3.25% 01/15/30</name>
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        <title>HUDSON PACIFIC PROPERTIE REGD 3.25000000</title>
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        <identifiers>
          <isin value="US44409MAC01"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALLIANT HOLD / 5.875% 11/01/29</name>
        <lei>N/A</lei>
        <title>ALLIANT HOLD / CO-ISSUER REGD 144A P/P 5.87500000</title>
        <cusip>01883LAD5</cusip>
        <identifiers>
          <isin value="US01883LAD55"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88898.35000000</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>STARWOOD PROPERTY  6% 04/15/30</name>
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        <cusip>85571BBC8</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
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    <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>
