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        <name>SEAGATE HDD CAY 5.75% 12/01/34</name>
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        <name>SUNOCO LP 7.25% 05/01/32</name>
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      <invstOrSec>
        <name>BRINK'S CO/THE 4.625% 10/15/27</name>
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        <cusip>109696AA2</cusip>
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        <name>ENERSYS 4.375% 12/15/27</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
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        <cusip>29275YAC6</cusip>
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        <name>HOLOGIC INC 3.25% 02/15/29</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
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        <cusip>436440AP6</cusip>
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        <name>NORTHRIVER MIDS 6.75% 07/15/32</name>
        <lei>549300SOLNLY3BL6GF18</lei>
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        <cusip>66679NAB6</cusip>
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        <valUSD>248693.38000000</valUSD>
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        <invCountry>CA</invCountry>
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        <name>BATH &amp; BODY WOR 5.25% 02/01/28</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <name>BALL CORP 3.125% 09/15/31</name>
        <lei>0BGI85ALH27ZJP15DY16</lei>
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        <cusip>058498AX4</cusip>
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        <name>JEFFERIES FIN LLC  5% 08/15/28</name>
        <lei>N/A</lei>
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        <lei>549300CTHC1CP86P2G96</lei>
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        <cusip>600814AQ0</cusip>
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        <name>RB GLOBAL HOLDI 6.75% 03/15/28</name>
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        <name>UNITED RENTALS 3.875% 02/15/31</name>
        <lei>N/A</lei>
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        <name>EDGEWELL PERSO 4.125% 04/01/29</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
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          <isin value="US28035QAB86"/>
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        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>CENTURY COMMUNITIES REGD 6.75000000</title>
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      <invstOrSec>
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      <invstOrSec>
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        <name>DREAM FINDERS H 8.25% 08/15/28</name>
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        <name>TOPBUILD CORP 4.125% 02/15/32</name>
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          <isin value="US89055FAC77"/>
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        <name>ENPRO INC 5.75% 10/15/26</name>
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        <name>PBF HOLDING CO 9.875% 03/15/30</name>
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          <isin value="US69318FAM05"/>
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        <name>ASHTON WOODS U 4.625% 04/01/30</name>
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        <name>SENSATA TECHNOL 3.75% 02/15/31</name>
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        <name>SALLY HOLDINGS/ 6.75% 03/01/32</name>
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        <name>JAGUAR LAND ROVE 5.5% 07/15/29</name>
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        <lei>549300JE8XHZZ7OHN517</lei>
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        <name>CELANESE US HOLD 1.4% 08/05/26</name>
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        <name>HILTON GRAND V 6.625% 01/15/32</name>
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      <invstOrSec>
        <name>HESS MIDSTREAM O 6.5% 06/01/29</name>
        <lei>N/A</lei>
        <title>HESS MIDSTREAM OPERATION REGD 144A P/P 6.50000000</title>
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          <isin value="US428102AG28"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ALBERTSONS COS/ 6.25% 03/15/33</name>
        <lei>N/A</lei>
        <title>ALBERTSONS COS/SAFEWAY REGD 144A P/P 6.25000000</title>
        <cusip>01309QAB4</cusip>
        <identifiers>
          <isin value="US01309QAB41"/>
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        <valUSD>299618.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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      <invstOrSec>
        <name>SEALED AIR/SEA 6.125% 02/01/28</name>
        <lei>N/A</lei>
        <title>SEALED AIR/SEALED AIR US REGD 144A P/P 6.12500000</title>
        <cusip>812127AA6</cusip>
        <identifiers>
          <isin value="US812127AA61"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312558.74000000</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>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>US FOODS INC 4.75% 02/15/29</name>
        <lei>N/A</lei>
        <title>US FOODS INC REGD 144A P/P 4.75000000</title>
        <cusip>90290MAD3</cusip>
        <identifiers>
          <isin value="US90290MAD39"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340407.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TWILIO INC 3.625% 03/15/29</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>TWILIO INC REGD 3.62500000</title>
        <cusip>90138FAC6</cusip>
        <identifiers>
          <isin value="US90138FAC68"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187742.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLEAN HARBORS  6.375% 02/01/31</name>
        <lei>5493000SJVZVZJKHJF48</lei>
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        <cusip>184496AQ0</cusip>
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          <isin value="US184496AQ03"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208999.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>YUM  BRANDS INC 4.75% 01/15/30</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>YUM  BRANDS INC REGD 144A P/P 4.75000000</title>
        <cusip>988498AL5</cusip>
        <identifiers>
          <isin value="US988498AL59"/>
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        <balance>315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306149.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>PRESTIGE BRANDS 3.75% 04/01/31</name>
        <lei>N/A</lei>
        <title>PRESTIGE BRANDS INC REGD 144A P/P 3.75000000</title>
        <cusip>74112BAM7</cusip>
        <identifiers>
          <isin value="US74112BAM72"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216883.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 7.375% 05/01/33</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLEVELAND-CLIFFS INC REGD 144A P/P 7.37500000</title>
        <cusip>185899AR2</cusip>
        <identifiers>
          <isin value="US185899AR28"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329276.34000000</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>
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      <invstOrSec>
        <name>PG&amp;E CORP 5% 07/01/28</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E CORP REGD 5.00000000</title>
        <cusip>69331CAH1</cusip>
        <identifiers>
          <isin value="US69331CAH16"/>
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        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380758.48000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>IRON MOUNTAIN  5.625% 07/15/32</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 5.62500000</title>
        <cusip>46284VAL5</cusip>
        <identifiers>
          <isin value="US46284VAL53"/>
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        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237855.19000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>RHP HOTEL PPTY/ 4.75% 10/15/27</name>
        <lei>N/A</lei>
        <title>RHP HOTEL PPTY/RHP FINAN REGD SER WI 4.75000000</title>
        <cusip>749571AF2</cusip>
        <identifiers>
          <isin value="US749571AF20"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270126.19000000</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>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>AES CORP/THE V/R 01/15/55</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
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        <cusip>00130HCK9</cusip>
        <identifiers>
          <isin value="US00130HCK95"/>
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        <balance>375000.00000000</balance>
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        <valUSD>371461.01000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>EUSHI FINANCE INC V/R 12/15/54</name>
        <lei>N/A</lei>
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        <cusip>29882DAB9</cusip>
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          <isin value="US29882DAB91"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UWM HOLDINGS L 6.625% 02/01/30</name>
        <lei>N/A</lei>
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        <cusip>903522AA8</cusip>
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          <isin value="US903522AA85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.62500000</annualizedRt>
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        <name>KINETIK HOLDIN 5.875% 06/15/30</name>
        <lei>N/A</lei>
        <title>KINETIK HOLDINGS LP REGD 144A P/P 5.87500000</title>
        <cusip>49461MAA8</cusip>
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          <isin value="US49461MAA80"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>405901.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>CQP HOLDCO LP/BI 7.5% 12/15/33</name>
        <lei>N/A</lei>
        <title>CQP HOLDCO LP/BIP-V CHIN REGD P/P 7.50000000</title>
        <cusip>12657NAB6</cusip>
        <identifiers>
          <isin value="US12657NAB64"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205369.91000000</valUSD>
        <pctVal>0.073172422455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KB HOME 4.8% 11/15/29</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME REGD 4.80000000</title>
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          <isin value="US48666KAY55"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIPER ENERGY I 7.375% 11/01/31</name>
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      <invstOrSec>
        <name>YUM  BRANDS INC 5.35% 11/01/43</name>
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          <isin value="US988498AK76"/>
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        <balance>110000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIKING OCEAN C 5.625% 02/15/29</name>
        <lei>N/A</lei>
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          <isin value="US92682RAA05"/>
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        <curCd>USD</curCd>
        <valUSD>153575.71000000</valUSD>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAESARS ENTERTAI 6.5% 02/15/32</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAIN INC REGD 144A P/P 6.50000000</title>
        <cusip>12769GAC4</cusip>
        <identifiers>
          <isin value="US12769GAC42"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <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>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380985.35000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <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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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264633.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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      <invstOrSec>
        <name>TALEN ENERGY S 8.625% 06/01/30</name>
        <lei>N/A</lei>
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        <cusip>87422VAK4</cusip>
        <identifiers>
          <isin value="US87422VAK44"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>8.62500000</annualizedRt>
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        <name>ALBERTSONS COS/S 3.5% 03/15/29</name>
        <lei>N/A</lei>
        <title>ALBERTSONS COS/SAFEWAY REGD 144A P/P 3.50000000</title>
        <cusip>013092AG6</cusip>
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          <isin value="US013092AG61"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485754.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MEDLINE BORROW 3.875% 04/01/29</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>MEDLINE BORROWER LP REGD 144A P/P 3.87500000</title>
        <cusip>62482BAA0</cusip>
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          <isin value="US62482BAA08"/>
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      <invstOrSec>
        <name>UNITED RENTALS 6.125% 03/15/34</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 144A P/P 6.12500000</title>
        <cusip>911365BR4</cusip>
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          <isin value="US911365BR47"/>
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        <name>SENSATA TECHNOLOGI 4% 04/15/29</name>
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          <isin value="US81725WAK99"/>
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        <name>SENSATA TECHNO 5.875% 09/01/30</name>
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          <isin value="US81725WAL72"/>
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        <name>TRANSDIGM INC 6.875% 12/15/30</name>
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          <isin value="US893647BS53"/>
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        <name>PRIMO / TRITON 4.375% 04/30/29</name>
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        <name>CONSTELLATION IN 6.8% 01/24/30</name>
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        <title>CONSTELLATION INSURC INC REGD 144A P/P 6.80000000</title>
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      <invstOrSec>
        <name>VMED O2 UK FINA 4.75% 07/15/31</name>
        <lei>N/A</lei>
        <title>VMED O2 UK FINAN REGD 144A P/P 4.75000000</title>
        <cusip>92858RAB6</cusip>
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          <isin value="US92858RAB69"/>
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        <balance>545000.00000000</balance>
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        <valUSD>479576.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>LGI HOMES INC 7% 11/15/32</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VF CORP 6% 10/15/33</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
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      <invstOrSec>
        <name>CROWN AMER/CAP  4.25% 09/30/26</name>
        <lei>N/A</lei>
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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>DELUXE CORP 8.125% 09/15/29</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
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        <cusip>248019AW1</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JAZZ SECURITIE 4.375% 01/15/29</name>
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        <invCountry>IE</invCountry>

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      <invstOrSec>
        <name>STEELCASE INC 5.125% 01/18/29</name>
        <lei>GIE4CCPBJDI8SMV1OX95</lei>
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        <cusip>858155AE4</cusip>
        <identifiers>
          <isin value="US858155AE40"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176018.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ALUMINA PTY LT 6.125% 03/15/30</name>
        <lei>2138002VD9MW2WT8HR38</lei>
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        <cusip>02220AAA5</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>173730.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WILTON RE LTD V/R /PERP/</name>
        <lei>5493004VQ9VSL29MT373</lei>
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        <cusip>97263CAA9</cusip>
        <identifiers>
          <isin value="US97263CAA99"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94283.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRAVEL + LEISU 6.625% 07/31/26</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
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        <cusip>98310WAS7</cusip>
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          <isin value="US98310WAS70"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312411.80000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CIENA CORP 4% 01/31/30</name>
        <lei>W0CZ7N0GH8UIGXDM1H41</lei>
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        <cusip>171779AL5</cusip>
        <identifiers>
          <isin value="US171779AL52"/>
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        <curCd>USD</curCd>
        <valUSD>162252.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>GROUP 1 AUTOMOTIVE 4% 08/15/28</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>GROUP 1 AUTOMOTIVE INC REGD 144A P/P 4.00000000</title>
        <cusip>398905AN9</cusip>
        <identifiers>
          <isin value="US398905AN98"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>271208.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>INTELSAT JACKSON 6.5% 03/15/30</name>
        <lei>N/A</lei>
        <title>INTELSAT JACKSON HLDG REGD 144A P/P 6.50000000</title>
        <cusip>45824TBC8</cusip>
        <identifiers>
          <isin value="US45824TBC80"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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          <maturityDt>2030-03-15</maturityDt>
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        <name>STANDARD INDUST 4.75% 01/15/28</name>
        <lei>N/A</lei>
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        <cusip>853496AD9</cusip>
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          <isin value="US853496AD99"/>
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        <issuerCat>CORP</issuerCat>
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        <lei>5493000SJVZVZJKHJF48</lei>
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        <cusip>184496AP2</cusip>
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        <invCountry>US</invCountry>
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        <name>TOLEDO HOSPITA 4.982% 11/15/45</name>
        <lei>N/A</lei>
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        <cusip>889184AA5</cusip>
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        <valUSD>64520.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MURPHY OIL USA  3.75% 02/15/31</name>
        <lei>N/A</lei>
        <title>MURPHY OIL USA INC REGD 144A P/P 3.75000000</title>
        <cusip>626738AF5</cusip>
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          <isin value="US626738AF53"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180500.68000000</valUSD>
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      <invstOrSec>
        <name>AXALTA COATING  7.25% 02/15/31</name>
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          <isin value="US05455JAA51"/>
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      <invstOrSec>
        <name>TELECOM ITALIA C 7.2% 07/18/36</name>
        <lei>N/A</lei>
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          <isin value="US87927VAR96"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DANA INC 5.625% 06/15/28</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
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          <isin value="US235825AG15"/>
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        <valUSD>168739.35000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>SPEEDWAY MOT/S 4.875% 11/01/27</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US84779MAA27"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134391.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>1011778 BC / N 3.875% 01/15/28</name>
        <lei>N/A</lei>
        <title>1011778 BC / NEW RED FIN REGD 144A P/P 3.87500000</title>
        <cusip>68245XAH2</cusip>
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          <isin value="US68245XAH26"/>
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        <curCd>USD</curCd>
        <valUSD>586352.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PILGRIM'S PRIDE  3.5% 03/01/32</name>
        <lei>N/A</lei>
        <title>PILGRIM'S PRIDE CORP REGD 3.50000000</title>
        <cusip>72147KAH1</cusip>
        <identifiers>
          <isin value="US72147KAH14"/>
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        <curCd>USD</curCd>
        <valUSD>310912.39000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SIRIUS XM RADIO LL 4% 07/15/28</name>
        <lei>N/A</lei>
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        <cusip>82967NBJ6</cusip>
        <identifiers>
          <isin value="US82967NBJ63"/>
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        <curCd>USD</curCd>
        <valUSD>739149.64000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERTIV GROUP C 4.125% 11/15/28</name>
        <lei>N/A</lei>
        <title>VERTIV GROUP CORPORATION REGD 144A P/P 4.12500000</title>
        <cusip>92535UAB0</cusip>
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          <isin value="US92535UAB08"/>
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        <name>SYNCHRONY FINAN 7.25% 02/02/33</name>
        <lei>549300RS7EWPM9MA6C78</lei>
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        <cusip>87165BAU7</cusip>
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          <isin value="US87165BAU70"/>
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        <valUSD>316344.66000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>DANA INC 4.25% 09/01/30</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>DANA INC REGD 4.25000000</title>
        <cusip>235825AH9</cusip>
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        <name>ICAHN ENTERPRI 4.375% 02/01/29</name>
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        <lei>5493004DVZLD37DJ0H83</lei>
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      <invstOrSec>
        <name>TRANSDIGM INC 6% 01/15/33</name>
        <lei>N/A</lei>
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          <isin value="US893647BW65"/>
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        <valUSD>589290.17000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
        <valUSD>110777.21000000</valUSD>
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        <name>SOUTH BOW CAN INF V/R 03/01/55</name>
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        <name>PILGRIM'S PRIDE 6.25% 07/01/33</name>
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        <name>AES CORP/THE V/R 07/15/55</name>
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        <lei>2549003I48WHHH937I59</lei>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US85858EAD58"/>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CELANESE US HOL 6.58% 07/15/29</name>
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          <isin value="US15089QAN43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP 6.25% 07/01/33</name>
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        <balance>390000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLEVELAND-CLIFF 6.75% 04/15/30</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <cusip>185899AN1</cusip>
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        <valUSD>284436.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PENNYMAC FIN SV 4.25% 02/15/29</name>
        <lei>549300W1D516HBDEU871</lei>
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        <cusip>70932MAB3</cusip>
        <identifiers>
          <isin value="US70932MAB37"/>
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        <balance>260000.00000000</balance>
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        <valUSD>242973.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DAVITA INC 4.625% 06/01/30</name>
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        <cusip>23918KAS7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CELANESE US HOLD 6.5% 04/15/30</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US15089QAZ72"/>
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        <curCd>USD</curCd>
        <valUSD>244544.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LAMAR MEDIA CO 3.625% 01/15/31</name>
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        <title>LAMAR MEDIA CORP REGD 3.62500000</title>
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          <isin value="US513075BZ34"/>
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        <balance>220000.00000000</balance>
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        <valUSD>199015.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ALTAGAS LTD V/R 10/15/54</name>
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          <isin value="US021361AD20"/>
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        <invCountry>CA</invCountry>
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        <name>ADIENT GLOBAL HOLD 7% 04/15/28</name>
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          <isin value="US00687YAB11"/>
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        <name>LIBERTY MUTUAL GR V/R 12/15/51</name>
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        <name>MOOG INC 4.25% 12/15/27</name>
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        <name>NORDSTROM INC 4% 03/15/27</name>
        <lei>549300S3IZB5P35KNV16</lei>
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        <name>CLEAN HARBORS  4.875% 07/15/27</name>
        <lei>5493000SJVZVZJKHJF48</lei>
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        <name>SEAGATE HDD CA 9.625% 12/01/32</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 9.62500000</title>
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      <invstOrSec>
        <name>NISSAN MOTOR CO 4.81% 09/17/30</name>
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        <name>VENTURE GLOBAL  6.25% 01/15/30</name>
        <lei>N/A</lei>
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        <name>BELRON UK FINAN 5.75% 10/15/29</name>
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      <invstOrSec>
        <name>ENERGY TRANSFER L V/R 05/15/54</name>
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        <name>CNX RESOURCES C 7.25% 03/01/32</name>
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        <valUSD>225112.70000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>VOC ESCROW LTD 5% 02/15/28</name>
        <lei>N/A</lei>
        <title>VOC ESCROW LTD REGD 144A P/P 5.00000000</title>
        <cusip>91832VAA2</cusip>
        <identifiers>
          <isin value="US91832VAA26"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>260124.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SNAP INC 6.875% 03/01/33</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>SNAP INC REGD 144A P/P 6.87500000</title>
        <cusip>83304AAL0</cusip>
        <identifiers>
          <isin value="US83304AAL08"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609744.04000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>LITHIA MOTORS  4.375% 01/15/31</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <cusip>536797AF0</cusip>
        <identifiers>
          <isin value="US536797AF03"/>
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        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188476.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>WESCO DISTRIBUT 7.25% 06/15/28</name>
        <lei>N/A</lei>
        <title>WESCO DISTRIBUTION INC REGD 144A P/P 7.25000000</title>
        <cusip>95081QAP9</cusip>
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          <isin value="US95081QAP90"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522286.74000000</valUSD>
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        <name>FIRSTCASH INC 6.875% 03/01/32</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC REGD 144A P/P 6.87500000</title>
        <cusip>33767DAD7</cusip>
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          <isin value="US33767DAD75"/>
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        <valUSD>199752.46000000</valUSD>
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        <name>NAVIENT CORP 9.375% 07/25/30</name>
        <lei>54930067J0ZNOEBRW338</lei>
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        <cusip>63938CAN8</cusip>
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          <isin value="US63938CAN83"/>
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        <balance>195000.00000000</balance>
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        <name>AVIENT CORP 7.125% 08/01/30</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
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        <name>VISTRA OPERATI 5.625% 02/15/27</name>
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        <name>SIX FLAGS ENT/ 6.625% 05/01/32</name>
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        <name>MIDCAP FINANCI 5.625% 01/15/30</name>
        <lei>N/A</lei>
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          <isin value="US59590AAA79"/>
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        <name>ROGERS COMMUNICAT V/R 04/15/55</name>
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      <invstOrSec>
        <name>SEALED AIR CORP 5% 04/15/29</name>
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        <name>MOLINA HEALTHC 3.875% 05/15/32</name>
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        <name>CTR PARTNERSHI 3.875% 06/30/28</name>
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        <cusip>126458AE8</cusip>
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      <invstOrSec>
        <name>LIFE TIME INC 6% 11/15/31</name>
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          <isin value="US53190FAE51"/>
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        <name>LITHIA MOTORS  4.625% 12/15/27</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <name>MGM RESORTS INTL 5.5% 04/15/27</name>
        <lei>54930066VBP7DZEGGJ87</lei>
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          <isin value="US552953CF65"/>
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        <name>UNITED RENTALS 3.875% 11/15/27</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 3.87500000</title>
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        <name>SMYRNA READY M 8.875% 11/15/31</name>
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        <name>NISSAN MOTOR AC 2.75% 03/09/28</name>
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        <name>SBA COMMUNICAT 3.125% 02/01/29</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
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        <valUSD>561188.56000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SPIRIT AEROSYST 3.85% 06/15/26</name>
        <lei>N/A</lei>
        <title>SPIRIT AEROSYSTEMS INC REGD 3.85000000</title>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <name>HILTON DOMESTI 6.125% 04/01/32</name>
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          <isin value="US432833AQ40"/>
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        <fairValLevel>2</fairValLevel>
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        <name>US FOODS INC 4.625% 06/01/30</name>
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          <isin value="US90290MAE12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALGONQUIN PWR &amp; U V/R 01/18/82</name>
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        <cusip>015857AH8</cusip>
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          <isin value="US015857AH86"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACADEMY LTD 6% 11/15/27</name>
        <lei>N/A</lei>
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          <isin value="US00401YAA82"/>
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        <name>WALKER &amp; DUNLO 6.625% 04/01/33</name>
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          <isin value="US93148PAA03"/>
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      <invstOrSec>
        <name>BRINK'S CO/THE 6.75% 06/15/32</name>
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        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <name>UNITED WHOLESAL 5.75% 06/15/27</name>
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        <name>MATCH GROUP HL 5.625% 02/15/29</name>
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        <name>PBF HOLDING CO LLC 6% 02/15/28</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>BRINK'S CO/THE 6.5% 06/15/29</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
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        <name>JETBLUE AIRWAY 9.875% 09/20/31</name>
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        <name>GRAHAM HOLDINGS 5.75% 06/01/26</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
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        <cusip>384637AA2</cusip>
        <identifiers>
          <isin value="US384637AA23"/>
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        <name>PERRIGO FINANC 6.125% 09/30/32</name>
        <lei>N/A</lei>
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        <cusip>71429MAD7</cusip>
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        <invCountry>IE</invCountry>

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        <name>HOWARD HUGHES  4.125% 02/01/29</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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        <invCountry>IT</invCountry>
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        <lei>2W8N8UU78PMDQKZENC08</lei>
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      <invstOrSec>
        <name>TENET HEALTHCA 4.375% 01/15/30</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEREX CORP 6.25% 10/15/32</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORP REGD 144A P/P 6.25000000</title>
        <cusip>880779BB8</cusip>
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          <isin value="US880779BB83"/>
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      <invstOrSec>
        <name>PARAMOUNT GLOBAL V/R 02/28/57</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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        <cusip>92553PBC5</cusip>
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          <isin value="US92553PBC59"/>
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        <fairValLevel>2</fairValLevel>
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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>
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          <isin value="US65158NAD49"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRON MOUNTAIN  4.875% 09/15/27</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <cusip>46284VAC5</cusip>
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          <isin value="US46284VAC54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIRIUS XM RADI 3.125% 09/01/26</name>
        <lei>N/A</lei>
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        <cusip>82967NBL1</cusip>
        <identifiers>
          <isin value="US82967NBL10"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>379856.80000000</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>VODAFONE GROUP PL V/R 06/04/81</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD V/R SER NC30 5.12500000</title>
        <cusip>92857WBX7</cusip>
        <identifiers>
          <isin value="US92857WBX74"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279541.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>TERRAFORM POWER 4.75% 01/15/30</name>
        <lei>N/A</lei>
        <title>TERRAFORM POWER OPERATIN REGD 144A P/P 4.75000000</title>
        <cusip>88104LAG8</cusip>
        <identifiers>
          <isin value="US88104LAG86"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273606.56000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <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>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131591.94000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMN HEALTHCARE INC 4% 04/15/29</name>
        <lei>N/A</lei>
        <title>AMN HEALTHCARE INC REGD 144A P/P 4.00000000</title>
        <cusip>00175PAC7</cusip>
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          <isin value="US00175PAC77"/>
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        <balance>135000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 4.875% 03/01/31</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLEVELAND-CLIFFS INC REGD 144A P/P 4.87500000</title>
        <cusip>185899AL5</cusip>
        <identifiers>
          <isin value="US185899AL57"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107367.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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      <invstOrSec>
        <name>VODAFONE GROUP PL V/R 04/04/79</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD V/R 7.00000000</title>
        <cusip>92857WBQ2</cusip>
        <identifiers>
          <isin value="US92857WBQ24"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>802802.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2079-04-04</maturityDt>
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        <name>ALLEGIANT TRAVE 7.25% 08/15/27</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>ALLEGIANT TRAVEL CO REGD 144A P/P 7.25000000</title>
        <cusip>01748XAD4</cusip>
        <identifiers>
          <isin value="US01748XAD49"/>
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        <balance>235000.00000000</balance>
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        <valUSD>217247.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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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>175000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEXSTAR MEDIA  5.625% 07/15/27</name>
        <lei>N/A</lei>
        <title>NEXSTAR MEDIA INC REGD 144A P/P 5.62500000</title>
        <cusip>65343HAA9</cusip>
        <identifiers>
          <isin value="US65343HAA95"/>
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        <balance>735000.00000000</balance>
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        <valUSD>728775.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARKLAND CORP 4.625% 05/01/30</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>PARKLAND CORP REGD 144A P/P 4.62500000</title>
        <cusip>70137WAL2</cusip>
        <identifiers>
          <isin value="US70137WAL28"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296847.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>TRINET GROUP INC 3.5% 03/01/29</name>
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        <name>LAMAR MEDIA CO 4.875% 01/15/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NRG ENERGY INC 6.25% 11/01/34</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>CLEARWAY ENERGY 4.75% 03/15/28</name>
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          <isin value="US18539UAC99"/>
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        <name>BURFORD CAPITAL 6.25% 04/15/28</name>
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          <isin value="US12116LAA70"/>
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      <invstOrSec>
        <name>MURPHY OIL COR 5.875% 12/01/42</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
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        <cusip>626717AG7</cusip>
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          <isin value="US626717AG73"/>
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        <valUSD>94727.47000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>CLARIV SCI HLD 3.875% 07/01/28</name>
        <lei>N/A</lei>
        <title>CLARIV SCI HLD CORP REGD 144A P/P 3.87500000</title>
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          <isin value="US18064PAC32"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>PARK INTERMED  5.875% 10/01/28</name>
        <lei>N/A</lei>
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        <name>ARCHROCK PARTN 6.625% 09/01/32</name>
        <lei>N/A</lei>
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        <name>JAGUAR LAND ROVE 4.5% 10/01/27</name>
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        <name>SM ENERGY CO 7% 08/01/32</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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          <isin value="US78454LAY65"/>
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        <name>NAVIENT CORP 11.5% 03/15/31</name>
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        <title>NAVIENT CORP REGD 11.50000000</title>
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        <name>CREDIT ACCEPTAN 9.25% 12/15/28</name>
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        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>CHART INDUSTRIES INC REGD 144A P/P 7.50000000</title>
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      <invstOrSec>
        <name>PILGRIM'S PRID 6.875% 05/15/34</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>AMSTED INDUSTR 6.375% 03/15/33</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>CVS HEALTH CORP V/R 12/10/54</name>
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        <identifiers>
          <isin value="US126650EG12"/>
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        <curCd>USD</curCd>
        <valUSD>179237.96000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCKETMTGE CO- 3.875% 03/01/31</name>
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        <cusip>74841CAB7</cusip>
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          <isin value="US74841CAB72"/>
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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>ASCENT RESOURCE 8.25% 12/31/28</name>
        <lei>N/A</lei>
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        <cusip>04364VAR4</cusip>
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          <isin value="US04364VAR42"/>
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        <curCd>USD</curCd>
        <valUSD>207291.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WYNDHAM HOTELS 4.375% 08/15/28</name>
        <lei>549300FE3MQ4RVXXC673</lei>
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        <cusip>98311AAB1</cusip>
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          <isin value="US98311AAB17"/>
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        <balance>200000.00000000</balance>
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        <valUSD>192263.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JANE STREET GR 7.125% 04/30/31</name>
        <lei>N/A</lei>
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        <cusip>47077WAC2</cusip>
        <identifiers>
          <isin value="US47077WAC29"/>
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        <balance>550000.00000000</balance>
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        <valUSD>567678.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO HLDGS LLC/ 5.375% 06/01/29</name>
        <lei>N/A</lei>
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        <cusip>1248EPCB7</cusip>
        <identifiers>
          <isin value="US1248EPCB75"/>
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        <balance>330000.00000000</balance>
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        <valUSD>323203.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DCLI BIDCO LLC 7.75% 11/15/29</name>
        <lei>2549007UUVJTHHNK9T70</lei>
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        <cusip>233104AA6</cusip>
        <identifiers>
          <isin value="US233104AA67"/>
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        <balance>195000.00000000</balance>
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        <valUSD>181861.91000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>VENTURE GLOBAL 3.875% 08/15/29</name>
        <lei>N/A</lei>
        <title>VENTURE GLOBAL CALCASIEU REGD 144A P/P 3.87500000</title>
        <cusip>92328MAA1</cusip>
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          <isin value="US92328MAA18"/>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL LNG 7% 01/15/30</name>
        <lei>54930011XLBUWMQUC829</lei>
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          <isin value="US92332YAE14"/>
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        <name>HILTON DOMESTIC 5.75% 05/01/28</name>
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        <name>ASBURY AUTOMOTI 4.75% 03/01/30</name>
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        <name>LGI HOMES INC 8.75% 12/15/28</name>
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        <name>CRESCENT ENERGY 9.25% 02/15/28</name>
        <lei>54930061FUL6DBLFUW14</lei>
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          <isin value="US45344LAC72"/>
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        <valUSD>394685.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <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>
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          <isin value="US501797AL82"/>
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        <valUSD>315619.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO HLDGS LLC/ 7.375% 03/01/31</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMERCIAL MET 3.875% 02/15/31</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>COMMERCIAL METALS CO REGD 3.87500000</title>
        <cusip>201723AP8</cusip>
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          <isin value="US201723AP84"/>
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        <balance>205000.00000000</balance>
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        <valUSD>183968.21000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON DOMESTIC OPERATIN REGD 4.875% 01/15/30</name>
        <lei>N/A</lei>
        <title>HILTON DOMESTIC OPERATIN REGD SER WI 4.87500000</title>
        <cusip>432833AF8</cusip>
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          <isin value="US432833AF84"/>
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        <valUSD>382516.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORDSTROM INC 4.25% 08/01/31</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD SER WI 4.25000000</title>
        <cusip>655664AY6</cusip>
        <identifiers>
          <isin value="US655664AY65"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137728.79000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>LAMB WESTON HL 4.375% 01/31/32</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>LAMB WESTON HLD REGD 144A P/P 4.37500000</title>
        <cusip>513272AE4</cusip>
        <identifiers>
          <isin value="US513272AE49"/>
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        <balance>270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>247624.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-31</maturityDt>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 4.625% 03/01/29</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLEVELAND-CLIFFS INC REGD 144A P/P 4.62500000</title>
        <cusip>185899AK7</cusip>
        <identifiers>
          <isin value="US185899AK74"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132879.78000000</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>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>US FOODS INC 5.75% 04/15/33</name>
        <lei>N/A</lei>
        <title>US FOODS INC REGD 144A P/P 5.75000000</title>
        <cusip>90290MAJ0</cusip>
        <identifiers>
          <isin value="US90290MAJ09"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117840.94000000</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>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GROUP 1 AUTOMO 6.375% 01/15/30</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>GROUP 1 AUTOMOTIVE INC REGD 144A P/P 6.37500000</title>
        <cusip>398905AQ2</cusip>
        <identifiers>
          <isin value="US398905AQ20"/>
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        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222660.24000000</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>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BUCKEYE PARTNE 4.125% 12/01/27</name>
        <lei>N/A</lei>
        <title>BUCKEYE PARTNERS LP REGD 4.12500000</title>
        <cusip>118230AR2</cusip>
        <identifiers>
          <isin value="US118230AR27"/>
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        <balance>158000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151941.74000000</valUSD>
        <pctVal>0.054136193505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OPEN TEXT CORP 3.875% 02/15/28</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>OPEN TEXT CORP REGD 144A P/P 3.87500000</title>
        <cusip>683715AC0</cusip>
        <identifiers>
          <isin value="US683715AC05"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>349252.04000000</valUSD>
        <pctVal>0.124437011314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORTRESS TRANS &amp; 5.5% 05/01/28</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FORTRESS TRANS &amp; INFRAST REGD 144A P/P 5.50000000</title>
        <cusip>34960PAD3</cusip>
        <identifiers>
          <isin value="US34960PAD33"/>
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        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>383372.57000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CASCADES INC/U 5.375% 01/15/28</name>
        <lei>N/A</lei>
        <title>CASCADES INC/USA INC REGD 144A P/P 5.37500000</title>
        <cusip>14739LAB8</cusip>
        <identifiers>
          <isin value="US14739LAB80"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180516.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>TAYLOR MORRISON 5.75% 01/15/28</name>
        <lei>N/A</lei>
        <title>TAYLOR MORRISON COMM REGD 144A P/P 5.75000000</title>
        <cusip>87724RAB8</cusip>
        <identifiers>
          <isin value="US87724RAB87"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195263.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>VISTRA CORP 5.5% 09/01/26</name>
        <lei>N/A</lei>
        <title>VISTRA CORP REGD 144A P/P 5.50000000</title>
        <cusip>92840VAA0</cusip>
        <identifiers>
          <isin value="US92840VAA08"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>389247.85000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>ROYAL CARIBBEAN  7.5% 10/15/27</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBBEAN CRUISES REGD 7.50000000</title>
        <cusip>780153AG7</cusip>
        <identifiers>
          <isin value="US780153AG79"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31615.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>TRANSDIGM INC 6.625% 03/01/32</name>
        <lei>N/A</lei>
        <title>TRANSDIGM INC REGD 144A P/P 6.62500000</title>
        <cusip>893647BV8</cusip>
        <identifiers>
          <isin value="US893647BV82"/>
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        <balance>865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>887147.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>KBR INC 4.75% 09/30/28</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR INC REGD 144A P/P 4.75000000</title>
        <cusip>48242WAC0</cusip>
        <identifiers>
          <isin value="US48242WAC01"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94902.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAPHIC PACKAG 6.375% 07/15/32</name>
        <lei>N/A</lei>
        <title>GRAPHIC PACKAGING INTERN REGD 144A P/P 6.37500000</title>
        <cusip>38869AAE7</cusip>
        <identifiers>
          <isin value="US38869AAE73"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60370.27000000</valUSD>
        <pctVal>0.021509669552</pctVal>
        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
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      <invstOrSec>
        <name>AXALTA COAT/DUT 4.75% 06/15/27</name>
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      <invstOrSec>
        <name>MURPHY OIL USA  4.75% 09/15/29</name>
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          <isin value="US626738AE88"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CUSHMAN &amp; WAKE 8.875% 09/01/31</name>
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        <cusip>23166MAC7</cusip>
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          <isin value="US23166MAC73"/>
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      <invstOrSec>
        <name>MALLINCKRODT F 14.75% 11/14/28</name>
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          <isin value="US561233AN78"/>
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        <curCd>USD</curCd>
        <valUSD>204229.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CROWDSTRIKE HOLDIN 3% 02/15/29</name>
        <lei>549300YBY08K9KM4HX32</lei>
        <title>CROWDSTRIKE HOLDINGS INC REGD 3.00000000</title>
        <cusip>22788CAA3</cusip>
        <identifiers>
          <isin value="US22788CAA36"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>283212.90000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>COMMERCIAL MET 4.125% 01/15/30</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>COMMERCIAL METALS CO REGD 4.12500000</title>
        <cusip>201723AQ6</cusip>
        <identifiers>
          <isin value="US201723AQ67"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150581.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRIME SECSRVC  3.375% 08/31/27</name>
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        <cusip>74166MAF3</cusip>
        <identifiers>
          <isin value="US74166MAF32"/>
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        <balance>470000.00000000</balance>
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        <valUSD>448786.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FIRSTCASH INC 5.625% 01/01/30</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC REGD 144A P/P 5.62500000</title>
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          <isin value="US31944TAA88"/>
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        <name>FMG RESOURCES  5.875% 04/15/30</name>
        <lei>N/A</lei>
        <title>FMG RESOURCES AUG 2006 REGD 144A P/P 5.87500000</title>
        <cusip>30251GBD8</cusip>
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          <isin value="US30251GBD88"/>
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        <name>SIRIUS XM RADIO LL 5% 08/01/27</name>
        <lei>N/A</lei>
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          <isin value="US82967NBA54"/>
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        <name>WRANGLER HOLDC 6.625% 04/01/32</name>
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        <name>WYNN LAS VEGAS  5.25% 05/15/27</name>
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        <name>BAYTEX ENERGY CO 8.5% 04/30/30</name>
        <lei>549300R5LTV2H7I1I079</lei>
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          <isin value="US07317QAJ40"/>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>GEN DIGITAL INC 6.75% 09/30/27</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
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      <invstOrSec>
        <name>ADT SEC CORP 4.125% 08/01/29</name>
        <lei>N/A</lei>
        <title>ADT SEC CORP REGD 144A P/P 4.12500000</title>
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          <isin value="US00109LAA17"/>
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        <balance>415000.00000000</balance>
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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>MOLINA HEALTHC 3.875% 11/15/30</name>
        <lei>549300NQQCEQ46YHZ591</lei>
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        <cusip>60855RAK6</cusip>
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          <isin value="US60855RAK68"/>
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        <curCd>USD</curCd>
        <valUSD>230086.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KOHL'S CORPORA 4.625% 05/01/31</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KOHL'S CORPORATION REGD 4.62500000</title>
        <cusip>500255AX2</cusip>
        <identifiers>
          <isin value="US500255AX28"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127248.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>CELANESE US HOLD 6.6% 11/15/28</name>
        <lei>N/A</lei>
        <title>CELANESE US HOLDINGS LLC REGD 6.60000000</title>
        <cusip>15089QAW4</cusip>
        <identifiers>
          <isin value="US15089QAW42"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531215.14000000</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>NCL CORPORATIO 8.125% 01/15/29</name>
        <lei>N/A</lei>
        <title>NCL CORPORATION LTD REGD 144A P/P 8.12500000</title>
        <cusip>62886HBN0</cusip>
        <identifiers>
          <isin value="US62886HBN08"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>324852.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
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      <invstOrSec>
        <name>ROYAL CARIBBEAN 4.25% 07/01/26</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <cusip>780153BH4</cusip>
        <identifiers>
          <isin value="US780153BH44"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266497.61000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GENESEE &amp; WYOMI 6.25% 04/15/32</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>GENESEE &amp; WYOMING INC REGD 144A P/P 6.25000000</title>
        <cusip>371559AB1</cusip>
        <identifiers>
          <isin value="US371559AB15"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278974.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRANDYWINE OPER 4.55% 10/01/29</name>
        <lei>N/A</lei>
        <title>BRANDYWINE OPER PARTNERS REGD 4.55000000</title>
        <cusip>105340AP8</cusip>
        <identifiers>
          <isin value="US105340AP80"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123317.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIGHTNING POWER 7.25% 08/15/32</name>
        <lei>254900BWCHJ03XRL8K59</lei>
        <title>LIGHTNING POWER LLC REGD 144A P/P 7.25000000</title>
        <cusip>53229KAA7</cusip>
        <identifiers>
          <isin value="US53229KAA79"/>
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        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>611774.73000000</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>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HILTON DOMESTIC 3.75% 05/01/29</name>
        <lei>N/A</lei>
        <title>HILTON DOMESTIC OPERATIN REGD 144A P/P 3.75000000</title>
        <cusip>432833AJ0</cusip>
        <identifiers>
          <isin value="US432833AJ07"/>
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        <balance>315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296481.12000000</valUSD>
        <pctVal>0.105634957734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VF CORP 6.45% 11/01/37</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VF CORP REGD 6.45000000</title>
        <cusip>918204AT5</cusip>
        <identifiers>
          <isin value="US918204AT53"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83999.43000000</valUSD>
        <pctVal>0.029928638416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IRON MOUNTAIN I 5.25% 03/15/28</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC REGD 144A P/P 5.25000000</title>
        <cusip>46284VAE1</cusip>
        <identifiers>
          <isin value="US46284VAE11"/>
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        <balance>319000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314355.65000000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASBURY AUTOMOTIVE  5% 02/15/32</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP REGD 144A P/P 5.00000000</title>
        <cusip>043436AX2</cusip>
        <identifiers>
          <isin value="US043436AX21"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218931.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOWARD HUGHES  5.375% 08/01/28</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>HOWARD HUGHES CORP REGD 144A P/P 5.37500000</title>
        <cusip>44267DAD9</cusip>
        <identifiers>
          <isin value="US44267DAD93"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284483.84000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>NEWELL BRANDS  6.625% 09/15/29</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.62500000</title>
        <cusip>651229BD7</cusip>
        <identifiers>
          <isin value="US651229BD74"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183289.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>API GROUP DE I 4.125% 07/15/29</name>
        <lei>N/A</lei>
        <title>API GROUP DE INC REGD 144A P/P 4.12500000</title>
        <cusip>001877AA7</cusip>
        <identifiers>
          <isin value="US001877AA71"/>
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        <balance>30000.00000000</balance>
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        <valUSD>28040.44000000</valUSD>
        <pctVal>0.009990689101</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYNAPTICS INC 4% 06/15/29</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>SYNAPTICS INC REGD 144A P/P 4.00000000</title>
        <cusip>87157DAG4</cusip>
        <identifiers>
          <isin value="US87157DAG43"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161973.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AECOM 5.125% 03/15/27</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM REGD SER WI 5.12500000</title>
        <cusip>00774CAB3</cusip>
        <identifiers>
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        <name>CAESARS ENTERTAIN  7% 02/15/30</name>
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        <name>180 MEDICAL IN 3.875% 10/15/29</name>
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        <name>TELECOM ITALIA CAP 6% 09/30/34</name>
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        <name>SOUTH BOW CAN INF V/R 03/01/55</name>
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        <name>AMERICAN AIRLIN 5.75% 04/20/29</name>
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        <name>PHINIA INC 6.625% 10/15/32</name>
        <lei>254900HG6MORZE1FFM18</lei>
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        <name>BRANDYWINE OPE 8.875% 04/12/29</name>
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        <name>AVANTOR FUNDIN 3.875% 11/01/29</name>
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        <name>HILTON DOMESTI 3.625% 02/15/32</name>
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        <name>BALL CORP 6.875% 03/15/28</name>
        <lei>0BGI85ALH27ZJP15DY16</lei>
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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>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <cusip>46284VAP6</cusip>
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        <name>BUILDERS FIRSTSOUR 5% 03/01/30</name>
        <lei>549300W0SKP6L3H7DP63</lei>
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        <name>CUSHMAN &amp; WAKEF 6.75% 05/15/28</name>
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        <name>INSTALLED BUILD 5.75% 02/01/28</name>
        <lei>549300I95Y9P9YM5FI86</lei>
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        <name>HELIX ENERGY SO 9.75% 03/01/29</name>
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        <name>ALLISON TRANSMI 4.75% 10/01/27</name>
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        <name>NRG ENERGY INC 6% 02/01/33</name>
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        <name>RHP HOTEL PPTY/ 7.25% 07/15/28</name>
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        <name>SHIFT4 PAYMENT 4.625% 11/01/26</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CCO HLDGS LLC/ 6.375% 09/01/29</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STL HOLDING CO  8.75% 02/15/29</name>
        <lei>984500BC2I63E7F48656</lei>
        <title>STL HOLDING CO LLC REGD 144A P/P 8.75000000</title>
        <cusip>861036AB7</cusip>
        <identifiers>
          <isin value="US861036AB75"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127095.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MATCH GROUP HLD II 5% 12/15/27</name>
        <lei>N/A</lei>
        <title>MATCH GROUP HLD II LLC REGD 144A P/P 5.00000000</title>
        <cusip>57665RAG1</cusip>
        <identifiers>
          <isin value="US57665RAG11"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172304.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NISSAN MOTOR AC 6.95% 09/15/26</name>
        <lei>N/A</lei>
        <title>NISSAN MOTOR ACCEPTANCE REGD 144A P/P 6.95000000</title>
        <cusip>65480CAE5</cusip>
        <identifiers>
          <isin value="US65480CAE57"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171609.60000000</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>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASHLAND INC 3.375% 09/01/31</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>ASHLAND INC REGD 144A P/P 3.37500000</title>
        <cusip>04433LAA0</cusip>
        <identifiers>
          <isin value="US04433LAA08"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151987.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
        <cusip>682691AB6</cusip>
        <identifiers>
          <isin value="US682691AB63"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292249.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SEALED AIR COR 6.875% 07/15/33</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEALED AIR CORP REGD P/P 6.87500000</title>
        <cusip>81211KAK6</cusip>
        <identifiers>
          <isin value="US81211KAK60"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197377.70000000</valUSD>
        <pctVal>0.070324832141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NRG ENERGY INC 5.75% 01/15/28</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC REGD SER WI 5.75000000</title>
        <cusip>629377CE0</cusip>
        <identifiers>
          <isin value="US629377CE03"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326546.35000000</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>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US77313LAB99"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>281494.95000000</valUSD>
        <pctVal>0.100295449321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>VAIL RESORTS INC 6.5% 05/15/32</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>VAIL RESORTS INC REGD 144A P/P 6.50000000</title>
        <cusip>91879QAP4</cusip>
        <identifiers>
          <isin value="US91879QAP46"/>
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        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>248342.05000000</valUSD>
        <pctVal>0.088483212541</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>CLYDESDALE ACQ 6.625% 04/15/29</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>CLYDESDALE ACQUISITION REGD 144A P/P 6.62500000</title>
        <cusip>18972EAA3</cusip>
        <identifiers>
          <isin value="US18972EAA38"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201697.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CA 4.5% 08/15/30</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC/CAP CORP REGD 144A P/P 4.50000000</title>
        <cusip>1248EPCE1</cusip>
        <identifiers>
          <isin value="US1248EPCE15"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343918.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>H.B. FULLER CO 4.25% 10/15/28</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>H.B. FULLER CO REGD 4.25000000</title>
        <cusip>40410KAA3</cusip>
        <identifiers>
          <isin value="US40410KAA34"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118036.86000000</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>
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        <name>MGM RESORTS IN 4.625% 09/01/26</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM RESORTS INTL REGD 4.62500000</title>
        <cusip>552953CD1</cusip>
        <identifiers>
          <isin value="US552953CD18"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193527.65000000</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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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>STONEPEAK NILE  7.25% 03/15/32</name>
        <lei>N/A</lei>
        <title>STONEPEAK NILE PARENT REGD 144A P/P 7.25000000</title>
        <cusip>861932AA9</cusip>
        <identifiers>
          <isin value="US861932AA97"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198169.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>PERRIGO FINANCE  4.9% 06/15/30</name>
        <lei>N/A</lei>
        <title>PERRIGO FINANCE UNLIMITE REGD 4.90000000</title>
        <cusip>71429MAC9</cusip>
        <identifiers>
          <isin value="US71429MAC91"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290566.00000000</valUSD>
        <pctVal>0.103527425723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OLIN CORP 5% 02/01/30</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>OLIN CORP REGD 5.00000000</title>
        <cusip>680665AK2</cusip>
        <identifiers>
          <isin value="US680665AK27"/>
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        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192762.42000000</valUSD>
        <pctVal>0.068680427574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>ROGERS COMMUNICAT V/R 04/15/55</name>
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        <lei>529900JFA3K6PTLT8B15</lei>
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        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <name>NUSTAR LOGISTICS L 6% 06/01/26</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US893647BU00"/>
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        <valUSD>1101559.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STARWOOD PROPE 4.375% 01/15/27</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <cusip>85571BAY1</cusip>
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          <isin value="US85571BAY11"/>
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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>MURPHY OIL USA 5.625% 05/01/27</name>
        <lei>N/A</lei>
        <title>MURPHY OIL USA INC REGD 5.62500000</title>
        <cusip>626738AD0</cusip>
        <identifiers>
          <isin value="US626738AD06"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119603.02000000</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>ADVANCE AUTO PA 1.75% 10/01/27</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>ADVANCE AUTO PARTS REGD 1.75000000</title>
        <cusip>00751YAF3</cusip>
        <identifiers>
          <isin value="US00751YAF34"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125990.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
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      <invstOrSec>
        <name>SEAGATE HDD CAY 8.25% 12/15/29</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 8.25000000</title>
        <cusip>81180WBN0</cusip>
        <identifiers>
          <isin value="US81180WBN02"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203946.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED RENTALS N 5.5% 05/15/27</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 5.50000000</title>
        <cusip>911365BF0</cusip>
        <identifiers>
          <isin value="US911365BF09"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194781.74000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NISSAN MOTOR AC 7.05% 09/15/28</name>
        <lei>N/A</lei>
        <title>NISSAN MOTOR ACCEPTANCE REGD 144A P/P 7.05000000</title>
        <cusip>65480CAF2</cusip>
        <identifiers>
          <isin value="US65480CAF23"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>291630.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ROCKETMTGE CO- 2.875% 10/15/26</name>
        <lei>N/A</lei>
        <title>ROCKETMTGE CO-ISSUER INC REGD P/P 2.87500000</title>
        <cusip>77313LAA1</cusip>
        <identifiers>
          <isin value="US77313LAA17"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434638.76000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>GO DADDY OPCO/F 5.25% 12/01/27</name>
        <lei>N/A</lei>
        <title>GO DADDY OPCO/FINCO REGD 144A P/P 5.25000000</title>
        <cusip>38016LAA3</cusip>
        <identifiers>
          <isin value="US38016LAA35"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>233172.90000000</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>MIDCAP FINANCIAL 6.5% 05/01/28</name>
        <lei>N/A</lei>
        <title>MIDCAP FINANCIAL ISSR TR REGD 144A P/P 6.50000000</title>
        <cusip>59567LAA2</cusip>
        <identifiers>
          <isin value="US59567LAA26"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>396708.54000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORDSTROM INC 5% 01/15/44</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD 5.00000000</title>
        <cusip>655664AR1</cusip>
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          <isin value="US655664AR15"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266433.75000000</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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        <name>CREDIT ACCEPTA 6.625% 03/15/30</name>
        <lei>N/A</lei>
        <title>CREDIT ACCEPTANC REGD 144A P/P 6.62500000</title>
        <cusip>225310AS0</cusip>
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          <isin value="US225310AS06"/>
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        <curCd>USD</curCd>
        <valUSD>196617.00000000</valUSD>
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        <name>DT MIDSTREAM I 4.375% 06/15/31</name>
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        <title>DT MIDSTREAM INC REGD 144A P/P 4.37500000</title>
        <cusip>23345MAB3</cusip>
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          <isin value="US23345MAB37"/>
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        <curCd>USD</curCd>
        <valUSD>354998.21000000</valUSD>
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          <maturityDt>2031-06-15</maturityDt>
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      <invstOrSec>
        <name>ALLY FINANCIAL I 6.7% 02/14/33</name>
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        <title>ALLY FINANCIAL INC REGD 6.70000000</title>
        <cusip>02005NBS8</cusip>
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          <isin value="US02005NBS80"/>
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        <balance>195000.00000000</balance>
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        <name>HARVEST MIDSTREA 7.5% 05/15/32</name>
        <lei>549300DW5M17KJOXCY66</lei>
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        <cusip>417558AB9</cusip>
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          <isin value="US417558AB90"/>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>PARK INTERMED HOLD 7% 02/01/30</name>
        <lei>N/A</lei>
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        <cusip>70052LAD5</cusip>
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          <isin value="US70052LAD55"/>
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        <curCd>USD</curCd>
        <valUSD>240444.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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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>
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          <isin value="US34960PAH47"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186791.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>VMED O2 UK FINA 7.75% 04/15/32</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARNIVAL CORP 5.75% 03/15/30</name>
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        <cusip>143658BY7</cusip>
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        <name>AMC NETWORKS I 10.25% 01/15/29</name>
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        <cusip>00164VAG8</cusip>
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        <name>FOOT LOCKER INC 4% 10/01/29</name>
        <lei>549300X383CBNP6MTV94</lei>
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        <name>SLM CORP 6.5% 01/31/30</name>
        <lei>N/A</lei>
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        <cusip>78442PGF7</cusip>
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        <name>UNDER ARMOUR IN 3.25% 06/15/26</name>
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        <cusip>904311AA5</cusip>
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        <name>ALCOA NEDERLAN 4.125% 03/31/29</name>
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        <name>STARWOOD PROPERT 6.5% 07/01/30</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <cusip>85571BBD6</cusip>
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        <name>CROWN CORK &amp; S 7.375% 12/15/26</name>
        <lei>N/A</lei>
        <title>CROWN CORK &amp; SEAL CO INC REGD 7.37500000</title>
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        <name>ALBERTSONS COS 4.875% 02/15/30</name>
        <lei>N/A</lei>
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          <isin value="US013092AE14"/>
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        <valUSD>377259.71000000</valUSD>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STENA INTERNAT 7.625% 02/15/31</name>
        <lei>N/A</lei>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BWX TECHNOLOGI 4.125% 04/15/29</name>
        <lei>549300NP85N265KWMS58</lei>
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        <cusip>05605HAC4</cusip>
        <identifiers>
          <isin value="US05605HAC43"/>
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        <curCd>USD</curCd>
        <valUSD>162093.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MATTAMY GROUP C 5.25% 12/15/27</name>
        <lei>5493008TNY7A82WCXU31</lei>
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        <cusip>57701RAJ1</cusip>
        <identifiers>
          <isin value="US57701RAJ14"/>
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        <curCd>USD</curCd>
        <valUSD>199319.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YUM  BRANDS IN 5.375% 04/01/32</name>
        <lei>549300JE8XHZZ7OHN517</lei>
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        <cusip>988498AR2</cusip>
        <identifiers>
          <isin value="US988498AR20"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>388678.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SM ENERGY CO 6.75% 09/15/26</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM ENERGY CO REGD 6.75000000</title>
        <cusip>78454LAN0</cusip>
        <identifiers>
          <isin value="US78454LAN01"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148771.52000000</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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      <invstOrSec>
        <name>CNX RESOURCES  7.375% 01/15/31</name>
        <lei>549300JK3KH8PWM3B226</lei>
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        <cusip>12653CAK4</cusip>
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          <isin value="US12653CAK45"/>
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        <curCd>USD</curCd>
        <valUSD>210416.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEWELL BRANDS 0% 04/01/36</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.87500000</title>
        <cusip>651229AX4</cusip>
        <identifiers>
          <isin value="US651229AX48"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161488.23000000</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>2036-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>WESCO DISTRIBU 6.625% 03/15/32</name>
        <lei>N/A</lei>
        <title>WESCO DISTRIBUTION INC REGD 144A P/P 6.62500000</title>
        <cusip>95081QAR5</cusip>
        <identifiers>
          <isin value="US95081QAR56"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203694.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INTERNATIONAL G 6.25% 01/15/27</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL GAME TECH REGD 144A P/P 6.25000000</title>
        <cusip>460599AD5</cusip>
        <identifiers>
          <isin value="US460599AD57"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306651.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENSKE AUTOMOTI 3.75% 06/15/29</name>
        <lei>549300W7UTQ0M4C7LB15</lei>
        <title>PENSKE AUTOMOTIVE GROUP REGD 3.75000000</title>
        <cusip>70959WAK9</cusip>
        <identifiers>
          <isin value="US70959WAK99"/>
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        <balance>199000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184718.27000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ENTEGRIS INC 4.75% 04/15/29</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
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        <cusip>29365BAA1</cusip>
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          <isin value="US29365BAA17"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609060.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RLJ LODGING TRUST  4% 09/15/29</name>
        <lei>N/A</lei>
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        <cusip>74965LAB7</cusip>
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          <isin value="US74965LAB71"/>
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        <valUSD>171901.35000000</valUSD>
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        <name>XPO INC 7.125% 06/01/31</name>
        <lei>54930096DB9LCLPN7H13</lei>
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          <isin value="US98379KAB89"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TRIMAS CORP 4.125% 04/15/29</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
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        <cusip>896215AH3</cusip>
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        <name>SUNOCO LP 7% 05/01/29</name>
        <lei>54930001NJU8E40NQ561</lei>
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          <isin value="US86765KAB52"/>
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        <curCd>USD</curCd>
        <valUSD>303589.81000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MINERAL RESOURC 9.25% 10/01/28</name>
        <lei>5299007V1ACKFFX2P066</lei>
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        <cusip>603051AE3</cusip>
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        <curCd>USD</curCd>
        <valUSD>416663.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ADTALEM GLOBAL E 5.5% 03/01/28</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>ADTALEM GLOBAL EDUCATION REGD 144A P/P 5.50000000</title>
        <cusip>00737WAA7</cusip>
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          <isin value="US00737WAA71"/>
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        <balance>175000.00000000</balance>
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        <name>ADVANCE AUTO PA 5.95% 03/09/28</name>
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        <cusip>00751YAJ5</cusip>
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          <isin value="US00751YAJ55"/>
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        <name>DIAMOND FRGN/DIA 8.5% 10/01/30</name>
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        <name>TRAVEL + LEISURE C 6% 04/01/27</name>
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        <name>TRANSDIGM INC 7.125% 12/01/31</name>
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        <name>NISSAN MOTOR AC 2.45% 09/15/28</name>
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        <name>HILCORP ENERGY 8.375% 11/01/33</name>
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        <name>ROCKIES EXPRESS 6.75% 03/15/33</name>
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      <invstOrSec>
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        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <name>SNF GROUP SACA 3.375% 03/15/30</name>
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        <name>MACY'S RETAIL HL 4.5% 12/15/34</name>
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        <name>OPEN TEXT INC 4.125% 12/01/31</name>
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        <name>ICAHN ENTERPRISES/ 9% 06/15/30</name>
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        <name>CHARLES RIVER L 4.25% 05/01/28</name>
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        <name>ASHTON WOODS U 4.625% 08/01/29</name>
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        <name>ALBERTSONS COS 5.875% 02/15/28</name>
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        <name>SOMNIGROUP INTL IN 4% 04/15/29</name>
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        <name>KB HOME 4% 06/15/31</name>
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        <name>GLOBAL ATLANTIC F V/R 10/15/54</name>
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        <name>PRESTIGE BRAND 5.125% 01/15/28</name>
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        <name>WAYFAIR LLC 7.75% 09/15/30</name>
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        <name>TENET HEALTHCA 4.625% 06/15/28</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <name>ROCKIES EXPRES 6.875% 04/15/40</name>
        <lei>N/A</lei>
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        <name>TEGNA INC 4.625% 03/15/28</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA INC REGD 4.62500000</title>
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        <lei>UUL85LWXB4NGSWWXIQ25</lei>
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        <lei>54930050SSMU8SKDJ030</lei>
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      <invstOrSec>
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          <isin value="US62886HBE09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACADIAN ASSET MA 4.8% 07/27/26</name>
        <lei>5493004FTLQNQTBOP608</lei>
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          <isin value="US10948WAA18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RESIDEO FUNDING IN 4% 09/01/29</name>
        <lei>N/A</lei>
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          <isin value="US76119LAB71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ONEMAIN FINANCE  7.5% 05/15/31</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 7.50000000</title>
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          <isin value="US682691AF77"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ASCENT RESOURC 6.625% 10/15/32</name>
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        <title>ASCENT RESOURCES/ARU FIN REGD 144A P/P 6.62500000</title>
        <cusip>04364VAX1</cusip>
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          <isin value="US04364VAX10"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ICAHN ENTERPRIS 6.25% 05/15/26</name>
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        <cusip>451102BT3</cusip>
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          <isin value="US451102BT32"/>
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        <curCd>USD</curCd>
        <valUSD>292189.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ADVANCED DRAINAGE  5% 09/30/27</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
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        <cusip>00790RAA2</cusip>
        <identifiers>
          <isin value="US00790RAA23"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133627.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EMRLD BOR / EM 6.625% 12/15/30</name>
        <lei>N/A</lei>
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        <cusip>29103CAA6</cusip>
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          <isin value="US29103CAA62"/>
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        <balance>1085000.00000000</balance>
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        <name>SERVICE CORP I 5.125% 06/01/29</name>
        <lei>549300RKVM2ME20JHZ15</lei>
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          <isin value="US817565CE22"/>
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        <valUSD>302187.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>MATCH GROUP HL 4.125% 08/01/30</name>
        <lei>N/A</lei>
        <title>MATCH GROUP HLD II LLC REGD 144A P/P 4.12500000</title>
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        <name>WYNN RESORTS F 5.125% 10/01/29</name>
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          <isin value="US983133AA70"/>
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        <name>SUPERIOR PLUS/GE 4.5% 03/15/29</name>
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          <isin value="US86828LAC63"/>
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        <invCountry>CA</invCountry>
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        <name>ROYAL CARIBBEAN  5.5% 08/31/26</name>
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        <name>UNITED STATES  6.875% 03/01/29</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
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        <name>NISSAN MOTOR AC 1.85% 09/16/26</name>
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          <isin value="US65480CAC91"/>
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        <name>RESORTS WORLD/R 8.45% 07/27/30</name>
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        <name>HERC HOLDINGS IN 5.5% 07/15/27</name>
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        <name>INTESA SANPAOLO S V/R 06/01/42</name>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED RENTALS  5.25% 01/15/30</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 5.25000000</title>
        <cusip>911365BL7</cusip>
        <identifiers>
          <isin value="US911365BL76"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292086.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES S 6.65% 06/01/37</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>UNITED STATES STEEL CORP REGD 6.65000000</title>
        <cusip>912909AD0</cusip>
        <identifiers>
          <isin value="US912909AD03"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111808.89000000</valUSD>
        <pctVal>0.039837030329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PERFORMANCE FOOD 5.5% 10/15/27</name>
        <lei>N/A</lei>
        <title>PERFORMANCE FOOD GROUP I REGD 144A P/P 5.50000000</title>
        <cusip>69346VAA7</cusip>
        <identifiers>
          <isin value="US69346VAA70"/>
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        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412042.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNOCO LP/FINA 5.875% 03/15/28</name>
        <lei>N/A</lei>
        <title>SUNOCO LP/FINANCE CORP REGD SER WI 5.87500000</title>
        <cusip>86765LAN7</cusip>
        <identifiers>
          <isin value="US86765LAN73"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154393.75000000</valUSD>
        <pctVal>0.055009834203</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>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENERGY TRANSFER L V/R 10/01/54</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP REGD V/R 7.12500000</title>
        <cusip>29273VBC3</cusip>
        <identifiers>
          <isin value="US29273VBC37"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94428.58000000</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>2054-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINETIK HOLDIN 6.625% 12/15/28</name>
        <lei>N/A</lei>
        <title>KINETIK HOLDINGS LP REGD 144A P/P 6.62500000</title>
        <cusip>49461MAB6</cusip>
        <identifiers>
          <isin value="US49461MAB63"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>297408.38000000</valUSD>
        <pctVal>0.105965336515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <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>LIVE NATION ENT 3.75% 01/15/28</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LIVE NATION ENTERTAINMEN REGD 144A P/P 3.75000000</title>
        <cusip>538034AX7</cusip>
        <identifiers>
          <isin value="US538034AX75"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191687.80000000</valUSD>
        <pctVal>0.068297545055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</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>NEWELL BRANDS  6.625% 05/15/32</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.62500000</title>
        <cusip>651229BE5</cusip>
        <identifiers>
          <isin value="US651229BE57"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>175301.12000000</valUSD>
        <pctVal>0.062459040906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OPEN TEXT INC 4.125% 02/15/30</name>
        <lei>N/A</lei>
        <title>OPEN TEXT INC REGD 144A P/P 4.12500000</title>
        <cusip>683720AA4</cusip>
        <identifiers>
          <isin value="US683720AA42"/>
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        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314647.65000000</valUSD>
        <pctVal>0.112107614842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDISON INTERNATIO V/R 06/15/54</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EDISON INTERNATIONAL REGD V/R 7.87500000</title>
        <cusip>281020AZ0</cusip>
        <identifiers>
          <isin value="US281020AZ01"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178372.86000000</valUSD>
        <pctVal>0.063553488758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>KODIAK GAS SERV 7.25% 02/15/29</name>
        <lei>N/A</lei>
        <title>KODIAK GAS SERVICES LLC REGD 144A P/P 7.25000000</title>
        <cusip>50012LAC8</cusip>
        <identifiers>
          <isin value="US50012LAC81"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>310054.63000000</valUSD>
        <pctVal>0.110471141418</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>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRANSDIGM INC 6.75% 08/15/28</name>
        <lei>N/A</lei>
        <title>TRANSDIGM INC REGD 144A P/P 6.75000000</title>
        <cusip>893647BR7</cusip>
        <identifiers>
          <isin value="US893647BR70"/>
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        <balance>820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>837502.08000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>RLJ LODGING TRU 3.75% 07/01/26</name>
        <lei>N/A</lei>
        <title>RLJ LODGING TRUST LP REGD 144A P/P 3.75000000</title>
        <cusip>74965LAA9</cusip>
        <identifiers>
          <isin value="US74965LAA98"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196274.68000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>PG&amp;E CORP 5.25% 07/01/30</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E CORP REGD 5.25000000</title>
        <cusip>69331CAJ7</cusip>
        <identifiers>
          <isin value="US69331CAJ71"/>
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        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>376065.84000000</valUSD>
        <pctVal>0.133990653818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRITISH TELECOMMU V/R 11/23/81</name>
        <lei>N/A</lei>
        <title>BRITISH TELECOMMUNICATIO REGD V/R 144A P/P 4.87500000</title>
        <cusip>11102AAG6</cusip>
        <identifiers>
          <isin value="US11102AAG67"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>167372.98000000</valUSD>
        <pctVal>0.059634278459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-11-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BUILDERS FIRST 6.375% 06/15/32</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC REGD 144A P/P 6.37500000</title>
        <cusip>12008RAR8</cusip>
        <identifiers>
          <isin value="US12008RAR84"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276843.88000000</valUSD>
        <pctVal>0.098638292930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNOCO LP/FINANC 4.5% 05/15/29</name>
        <lei>N/A</lei>
        <title>SUNOCO LP/FINANCE CORP REGD SER WI 4.50000000</title>
        <cusip>86765LAT4</cusip>
        <identifiers>
          <isin value="US86765LAT44"/>
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        <balance>315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298821.25000000</valUSD>
        <pctVal>0.106468736066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>ENCOMPASS HEALTH 4.5% 02/01/28</name>
        <lei>549300FVRPM9DRQZRG64</lei>
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        <cusip>29261AAA8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WILLIAM CARTER 5.625% 03/15/27</name>
        <lei>N/A</lei>
        <title>WILLIAM CARTER REGD 144A P/P 5.62500000</title>
        <cusip>96926JAC1</cusip>
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          <isin value="US96926JAC18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 5.875% 06/01/27</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <cusip>185899AH4</cusip>
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          <isin value="US185899AH46"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROYAL CARIBBEAN  5.5% 04/01/28</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <cusip>780153BG6</cusip>
        <identifiers>
          <isin value="US780153BG60"/>
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        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISTRA OPERATIONS  5% 07/31/27</name>
        <lei>N/A</lei>
        <title>VISTRA OPERATIONS CO LLC REGD 144A P/P 5.00000000</title>
        <cusip>92840VAF9</cusip>
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          <isin value="US92840VAF94"/>
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        <curCd>USD</curCd>
        <valUSD>505998.11000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NUSTAR LOGISTI 6.375% 10/01/30</name>
        <lei>N/A</lei>
        <title>NUSTAR LOGISTICS LP REGD 6.37500000</title>
        <cusip>67059TAH8</cusip>
        <identifiers>
          <isin value="US67059TAH86"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218490.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>ANTERO MIDSTREA 5.75% 03/01/27</name>
        <lei>N/A</lei>
        <title>ANTERO MIDSTREAM PART/FI REGD 144A P/P 5.75000000</title>
        <cusip>03690AAD8</cusip>
        <identifiers>
          <isin value="US03690AAD81"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254309.66000000</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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        <name>CCO HLDGS LLC/CA 4.5% 05/01/32</name>
        <lei>N/A</lei>
        <title>CCO HLDGS LLC/CAP CORP REGD SER WI 4.50000000</title>
        <cusip>1248EPCN1</cusip>
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          <isin value="US1248EPCN14"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>631284.91000000</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>CIVITAS RESOURC 8.75% 07/01/31</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>CIVITAS RESOURCES INC REGD 144A P/P 8.75000000</title>
        <cusip>17888HAB9</cusip>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>632932.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOEASY LTD 7.625% 07/01/29</name>
        <lei>5493009DJVZG2P8YV435</lei>
        <title>GOEASY LTD REGD 144A P/P 7.62500000</title>
        <cusip>380355AJ6</cusip>
        <identifiers>
          <isin value="US380355AJ63"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252278.00000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDSTROM INC 4.375% 04/01/30</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD 4.37500000</title>
        <cusip>655664AT7</cusip>
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          <isin value="US655664AT70"/>
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        <name>IRON MOUNTAIN INC 5% 07/15/28</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <name>IRON MOUNTAIN I 6.25% 01/15/33</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <name>GGAM FINANCE L 5.875% 03/15/30</name>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>IRON MOUNTAIN  4.875% 09/15/29</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CA 5.5% 05/01/26</name>
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          <isin value="US1248EPBR37"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASSURANT INC V/R 03/27/48</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
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        <cusip>04621XAK4</cusip>
        <identifiers>
          <isin value="US04621XAK46"/>
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        <valUSD>144382.72000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COHERENT CORP 5% 12/15/29</name>
        <lei>549300O5C25A0MMHHU33</lei>
        <title>COHERENT CORP REGD 144A P/P 5.00000000</title>
        <cusip>902104AC2</cusip>
        <identifiers>
          <isin value="US902104AC24"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>373915.50000000</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>NEWELL BRANDS  6.375% 05/15/30</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NEWELL BRANDS INC REGD 6.37500000</title>
        <cusip>651229BF2</cusip>
        <identifiers>
          <isin value="US651229BF23"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>269274.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BUCKEYE PARTNERS 4.5% 03/01/28</name>
        <lei>N/A</lei>
        <title>BUCKEYE PARTNERS LP REGD 144A P/P 4.50000000</title>
        <cusip>118230AU5</cusip>
        <identifiers>
          <isin value="US118230AU55"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188189.61000000</valUSD>
        <pctVal>0.067051154887</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SILGAN HOLDING 4.125% 02/01/28</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>SILGAN HOLDINGS INC REGD 4.12500000</title>
        <cusip>827048AW9</cusip>
        <identifiers>
          <isin value="US827048AW93"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>230757.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IRON MOUNTAIN INFO 5% 07/15/32</name>
        <lei>N/A</lei>
        <title>IRON MOUNTAIN INFO MGMT REGD 144A P/P 5.00000000</title>
        <cusip>46285MAA8</cusip>
        <identifiers>
          <isin value="US46285MAA80"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>275944.27000000</valUSD>
        <pctVal>0.098317765726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GFL ENVIRONMENTAL  4% 08/01/28</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL ENVIRONMENTAL INC REGD 144A P/P 4.00000000</title>
        <cusip>36168QAL8</cusip>
        <identifiers>
          <isin value="US36168QAL86"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286054.26000000</valUSD>
        <pctVal>0.101919912016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ONEMAIN FINANC 6.625% 05/15/29</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.62500000</title>
        <cusip>682691AH3</cusip>
        <identifiers>
          <isin value="US682691AH34"/>
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        <balance>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>356478.58000000</valUSD>
        <pctVal>0.127011796675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MATADOR RESOURC 6.25% 04/15/33</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MATADOR RESOURCES CO REGD 144A P/P 6.25000000</title>
        <cusip>576485AH9</cusip>
        <identifiers>
          <isin value="US576485AH95"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288651.48000000</valUSD>
        <pctVal>0.102845290417</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>VIRGIN MEDIA SEC 5.5% 05/15/29</name>
        <lei>N/A</lei>
        <title>VIRGIN MEDIA SECURED FIN REGD 144A P/P 5.50000000</title>
        <cusip>92769XAP0</cusip>
        <identifiers>
          <isin value="US92769XAP06"/>
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        <balance>558000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>537958.58000000</valUSD>
        <pctVal>0.191672346155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FIBERCOP SPA 7.721% 06/04/38</name>
        <lei>N/A</lei>
        <title>FIBERCOP SPA REGD 144A P/P 7.72100000</title>
        <cusip>683879AH3</cusip>
        <identifiers>
          <isin value="US683879AH36"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193679.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RAKUTEN GROUP I 9.75% 04/15/29</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN GROUP INC REGD 144A P/P 9.75000000</title>
        <cusip>75102WAK4</cusip>
        <identifiers>
          <isin value="US75102WAK45"/>
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        <balance>785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>830233.62000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLEARWAY ENERGY 3.75% 01/15/32</name>
        <lei>N/A</lei>
        <title>CLEARWAY ENERGY OP LLC REGD 144A P/P 3.75000000</title>
        <cusip>18539UAE5</cusip>
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          <isin value="US18539UAE55"/>
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        <valUSD>125853.48000000</valUSD>
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        <name>CALIFORNIA BUY 6.375% 02/15/32</name>
        <lei>N/A</lei>
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        <cusip>13005HAA8</cusip>
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          <isin value="US13005HAA86"/>
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        <valUSD>285104.68000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>COGENT COMM GROU 3.5% 05/01/26</name>
        <lei>N/A</lei>
        <title>COGENT COMM GROUP LLC REGD 144A P/P 3.50000000</title>
        <cusip>19240CAC7</cusip>
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          <isin value="US19240CAC73"/>
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        <valUSD>196374.93000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>THOR INDUSTRIES 4% 10/15/29</name>
        <lei>254900XZO1228PDSG060</lei>
        <title>THOR INDUSTRIES REGD 144A P/P 4.00000000</title>
        <cusip>885160AA9</cusip>
        <identifiers>
          <isin value="US885160AA99"/>
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        <balance>200000.00000000</balance>
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        <valUSD>180124.88000000</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>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>VIAVI SOLUTIONS 3.75% 10/01/29</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>VIAVI SOLUTIONS INC REGD 144A P/P 3.75000000</title>
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          <isin value="US925550AF21"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160535.20000000</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>SUNOCO LP/FINANCE  6% 04/15/27</name>
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        <name>BELL CANADA V/R 09/15/55</name>
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          <isin value="US58502BAE65"/>
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        <name>JANE STREET GR 6.125% 11/01/32</name>
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        <name>CLYDESDALE ACQ 6.875% 01/15/30</name>
        <lei>254900QKSDYFR3K5YD98</lei>
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        <cusip>18972EAC9</cusip>
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          <isin value="US18972EAC93"/>
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        <invCountry>US</invCountry>
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        <name>HILCORP ENERGY 6.875% 05/15/34</name>
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        <cusip>431318BE3</cusip>
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          <isin value="US431318BE31"/>
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      <invstOrSec>
        <name>CCO HLDGS LLC/C 4.75% 03/01/30</name>
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          <isin value="US1248EPCD32"/>
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        <name>BANC OF CALIFORNI V/R 05/01/31</name>
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          <isin value="US69506YSC48"/>
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        <valUSD>42519.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>PRA GROUP INC 8.875% 01/31/30</name>
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        <name>HILLENBRAND INC 5% 09/15/26</name>
        <lei>U246OE781574J2BUD366</lei>
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          <isin value="US431571AB45"/>
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        <name>AMN HEALTHCARE 4.625% 10/01/27</name>
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          <isin value="US00175PAB94"/>
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        <name>STARWOOD PROPE 3.625% 07/15/26</name>
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        <name>SPIRIT AEROSYS 9.375% 11/30/29</name>
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        <name>NRG ENERGY INC 3.375% 02/15/29</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>LADDER CAP FIN  4.25% 02/01/27</name>
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          <isin value="US505742AM88"/>
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        <name>RESORTS WORLD/ 4.625% 04/06/31</name>
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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>ENCORE CAPITAL  9.25% 04/01/29</name>
        <lei>5493000UVC6H49CIH830</lei>
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        <curCd>USD</curCd>
        <valUSD>211368.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONEMAIN FINANC 5.375% 11/15/29</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 5.37500000</title>
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        <identifiers>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SONIC AUTOMOTI 4.625% 11/15/29</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
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        <cusip>83545GBD3</cusip>
        <identifiers>
          <isin value="US83545GBD34"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253566.42000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BATH &amp; BODY WOR 6.75% 07/01/36</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <cusip>501797AM6</cusip>
        <identifiers>
          <isin value="US501797AM65"/>
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        <curCd>USD</curCd>
        <valUSD>221704.83000000</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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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HLF FIN SARL L 12.25% 04/15/29</name>
        <lei>N/A</lei>
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        <cusip>40390DAD7</cusip>
        <identifiers>
          <isin value="US40390DAD75"/>
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        <curCd>USD</curCd>
        <valUSD>341144.32000000</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>CARNIVAL CORP 6% 05/01/29</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>CARNIVAL CORP REGD 144A P/P 6.00000000</title>
        <cusip>143658BR2</cusip>
        <identifiers>
          <isin value="US143658BR27"/>
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        <balance>785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>781214.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>QUIKRETE HOLDI 6.375% 03/01/32</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>QUIKRETE HOLDINGS INC REGD 144A P/P 6.37500000</title>
        <cusip>74843PAA8</cusip>
        <identifiers>
          <isin value="US74843PAA84"/>
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        <balance>1565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1575142.64000000</valUSD>
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        <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>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>BLACKSTONE MORT 7.75% 12/01/29</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BLACKSTONE MORTGAGE TR REGD 144A P/P 7.75000000</title>
        <cusip>09257WAF7</cusip>
        <identifiers>
          <isin value="US09257WAF77"/>
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        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166347.84000000</valUSD>
        <pctVal>0.059269025453</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>VISTRA OPERATI 4.375% 05/01/29</name>
        <lei>N/A</lei>
        <title>VISTRA OPERATIONS CO LLC REGD 144A P/P 4.37500000</title>
        <cusip>92840VAH5</cusip>
        <identifiers>
          <isin value="US92840VAH50"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>471782.09000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>XPLR INFRAST OP 7.25% 01/15/29</name>
        <lei>N/A</lei>
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        <cusip>65342QAM4</cusip>
        <identifiers>
          <isin value="US65342QAM42"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302193.81000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EMERA INC V/R 06/15/76</name>
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          <isin value="US290876AD37"/>
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        <valUSD>542080.90000000</valUSD>
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        <invCountry>CA</invCountry>
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        <name>ALBION FINANCI 6.125% 10/15/26</name>
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          <isin value="US013304AA87"/>
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        <invCountry>LU</invCountry>
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        <name>VMED O2 UK FINA 4.25% 01/31/31</name>
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          <isin value="US92858RAA86"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>OUTFRONT MEDIA 7.375% 02/15/31</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AXON ENTERPRISE 6.25% 03/15/33</name>
        <lei>549300QP2IEEGFE16681</lei>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296300.83000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLEVELAND-CLIFFS 7.5% 09/15/31</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLEVELAND-CLIFFS INC REGD 144A P/P 7.50000000</title>
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          <isin value="US185899AS01"/>
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        <balance>335000.00000000</balance>
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        <name>OT MIDCO INC 10% 02/15/30</name>
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        <lei>549300CI3Q2UUK5R4G79</lei>
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        <name>XPO CNW INC 6.7% 05/01/34</name>
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        <name>LAMB WESTON HL 4.125% 01/31/30</name>
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        <name>IQVIA INC 5% 05/15/27</name>
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      <invstOrSec>
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        <lei>YF6ZV0M6AU4FY94MK914</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELECTRICITE DE FRAN V/R /PERP/</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300KL8CA6GP8XPM30</lei>
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          <isin value="US98379JAA34"/>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US0778FPAP47"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DYCOM INDUSTRIES 4.5% 04/15/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GGAM FINANCE LT 7.75% 05/15/26</name>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>DANA INC 5.375% 11/15/27</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CNX RESOURCES CORP 6% 01/15/29</name>
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        <name>CCO HLDGS LLC/C 4.25% 02/01/31</name>
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        <name>IQVIA INC 5% 10/15/26</name>
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        <name>CNX MIDSTREAM P 4.75% 04/15/30</name>
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        <name>CELANESE US HOL 6.75% 04/15/33</name>
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        <name>VENTURE GLOBAL 3.875% 11/01/33</name>
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        <name>ZF NA CAPITAL 7.125% 04/14/30</name>
        <lei>N/A</lei>
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          <isin value="US98877DAE58"/>
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        <name>BRITISH TELECOMMU V/R 11/23/81</name>
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        <cusip>11102AAF8</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2081-11-23</maturityDt>
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        <name>SEALED AIR CORP 6.5% 07/15/32</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEALED AIR CORP REGD 144A P/P 6.50000000</title>
        <cusip>812127AC2</cusip>
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          <isin value="US812127AC28"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117059.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>VENTURE GLOBAL 8.375% 06/01/31</name>
        <lei>54930011XLBUWMQUC829</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEREX CORP 5% 05/15/29</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORP REGD 144A P/P 5.00000000</title>
        <cusip>880779BA0</cusip>
        <identifiers>
          <isin value="US880779BA01"/>
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        <balance>245000.00000000</balance>
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        <valUSD>234592.99000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XPLR INFRAST O 3.875% 10/15/26</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US65342QAL68"/>
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        <curCd>USD</curCd>
        <valUSD>183487.29000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BALL CORP 6% 06/15/29</name>
        <lei>0BGI85ALH27ZJP15DY16</lei>
        <title>BALL CORP REGD 6.00000000</title>
        <cusip>058498AZ9</cusip>
        <identifiers>
          <isin value="US058498AZ97"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>398442.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MACY'S RETAIL  6.125% 03/15/32</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US55617LAR33"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148827.03000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACUSHNET CO 7.375% 10/15/28</name>
        <lei>N/A</lei>
        <title>ACUSHNET CO REGD 144A P/P 7.37500000</title>
        <cusip>005095AA2</cusip>
        <identifiers>
          <isin value="US005095AA29"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145024.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ADVANCED DRAIN 6.375% 06/15/30</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
        <title>ADVANCED DRAINAGE SYSTEM REGD 144A P/P 6.37500000</title>
        <cusip>00790RAB0</cusip>
        <identifiers>
          <isin value="US00790RAB06"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198201.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SUNOCO LP/FINANC 4.5% 04/30/30</name>
        <lei>N/A</lei>
        <title>SUNOCO LP/FINANCE CORP REGD 4.50000000</title>
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        <identifiers>
          <isin value="US86765LAZ04"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296748.74000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>BWX TECHNOLOGI 4.125% 06/30/28</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX TECHNOLOGIES INC REGD 144A P/P 4.12500000</title>
        <cusip>05605HAB6</cusip>
        <identifiers>
          <isin value="US05605HAB69"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139426.66000000</valUSD>
        <pctVal>0.049677123913</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VISTRA OPERATIO 7.75% 10/15/31</name>
        <lei>N/A</lei>
        <title>VISTRA OPERATIONS CO LLC REGD 144A P/P 7.75000000</title>
        <cusip>92840VAP7</cusip>
        <identifiers>
          <isin value="US92840VAP76"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603089.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ZEGONA FINANCE 8.625% 07/15/29</name>
        <lei>N/A</lei>
        <title>ZEGONA FINANCE PLC REGD 144A P/P 8.62500000</title>
        <cusip>98927UAA5</cusip>
        <identifiers>
          <isin value="US98927UAA51"/>
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        <balance>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378548.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRISTOW GROUP  6.875% 03/01/28</name>
        <lei>5493005Q24EN3UC1PV68</lei>
        <title>BRISTOW GROUP INC REGD 144A P/P 6.87500000</title>
        <cusip>11040GAA1</cusip>
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          <isin value="US11040GAA13"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169984.01000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ASGN INCORPORA 4.625% 05/15/28</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN INCORPORATED REGD 144A P/P 4.62500000</title>
        <cusip>00191UAA0</cusip>
        <identifiers>
          <isin value="US00191UAA07"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223851.13000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>ENCOMPASS HEAL 4.625% 04/01/31</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>ENCOMPASS HEALTH CORP REGD 4.62500000</title>
        <cusip>29261AAE0</cusip>
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          <isin value="US29261AAE01"/>
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        <valUSD>152451.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>ROCKIES EXPRESS  7.5% 07/15/38</name>
        <lei>N/A</lei>
        <title>ROCKIES EXPRESS PIPELINE REGD P/P 7.50000000</title>
        <cusip>77340RAD9</cusip>
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          <isin value="US77340RAD98"/>
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        <curCd>USD</curCd>
        <valUSD>88424.78000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TRANSALTA CORP 6.5% 03/15/40</name>
        <lei>984500EE2ADD850F1C96</lei>
        <title>TRANSALTA CORP REGD 6.50000000</title>
        <cusip>89346DAE7</cusip>
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          <isin value="US89346DAE76"/>
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        <balance>125000.00000000</balance>
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        <valUSD>115326.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>PERMIAN RESOUR 9.875% 07/15/31</name>
        <lei>N/A</lei>
        <title>PERMIAN RESOURC OPTG LLC REGD 144A P/P 9.87500000</title>
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          <isin value="US27034RAC79"/>
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        <balance>126000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136554.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.87500000</annualizedRt>
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        <name>PRA GROUP INC 8.375% 02/01/28</name>
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        <name>ALBERTSONS COS/ 3.25% 03/15/26</name>
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      <invstOrSec>
        <name>GEN DIGITAL IN 7.125% 09/30/30</name>
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        <name>LADDER CAP FIN LLL 7% 07/15/31</name>
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          <isin value="US86722AAD54"/>
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        <name>WESCO DISTRIBU 6.375% 03/15/33</name>
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        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
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        <name>BUCKEYE PARTNER 6.75% 02/01/30</name>
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        <name>TEXAS CAPITAL BAN V/R 05/06/31</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PARK INTERMED  4.875% 05/15/29</name>
        <lei>N/A</lei>
        <title>PARK INTERMED HOLDINGS REGD 144A P/P 4.87500000</title>
        <cusip>70052LAC7</cusip>
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          <isin value="US70052LAC72"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281159.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINERAL RESOURCE 8.5% 05/01/30</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINERAL RESOURCES LTD REGD 144A P/P MTN 8.50000000</title>
        <cusip>603051AD5</cusip>
        <identifiers>
          <isin value="US603051AD53"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>227367.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ATLANTICA SUST 4.125% 06/15/28</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>ATLANTICA SUSTAIN INFRA REGD 144A P/P 4.12500000</title>
        <cusip>04916WAA2</cusip>
        <identifiers>
          <isin value="US04916WAA27"/>
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        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152130.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYFAIR LLC 7.25% 10/31/29</name>
        <lei>N/A</lei>
        <title>WAYFAIR LLC REGD 144A P/P 7.25000000</title>
        <cusip>94419NAA5</cusip>
        <identifiers>
          <isin value="US94419NAA54"/>
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        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>293086.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVIENT CORP 4.875% 03/15/28</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP REGD 4.87500000</title>
        <cusip>63938CAL2</cusip>
        <identifiers>
          <isin value="US63938CAL28"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187730.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OCI NV 6.7% 03/16/33</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV REGD 144A P/P 6.70000000</title>
        <cusip>67116NAA7</cusip>
        <identifiers>
          <isin value="US67116NAA72"/>
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        <balance>239000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261019.26000000</valUSD>
        <pctVal>0.093000048360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SERVICE CORP INTL 4% 05/15/31</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTL REGD 4.00000000</title>
        <cusip>817565CG7</cusip>
        <identifiers>
          <isin value="US817565CG79"/>
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        <balance>310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>283302.27000000</valUSD>
        <pctVal>0.100939389724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JEFFERIES FIN  6.625% 10/15/31</name>
        <lei>N/A</lei>
        <title>JEFFERIES FIN LLC / JFIN REGD 144A P/P 6.62500000</title>
        <cusip>47232MAG7</cusip>
        <identifiers>
          <isin value="US47232MAG78"/>
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        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117687.38000000</valUSD>
        <pctVal>0.041931511228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>EMRLD BOR / EMR 6.75% 07/15/31</name>
        <lei>N/A</lei>
        <title>EMRLD BOR / EMRLD CO-ISS REGD 144A P/P 6.75000000</title>
        <cusip>26873CAB8</cusip>
        <identifiers>
          <isin value="US26873CAB81"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199075.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CROWN AMERICAS  5.25% 04/01/30</name>
        <lei>N/A</lei>
        <title>CROWN AMERICAS LLC REGD 5.25000000</title>
        <cusip>228180AB1</cusip>
        <identifiers>
          <isin value="US228180AB14"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194773.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>DPL INC 4.35% 04/15/29</name>
        <lei>N/A</lei>
        <title>DPL INC REGD SER WI 4.35000000</title>
        <cusip>233293AQ2</cusip>
        <identifiers>
          <isin value="US233293AQ29"/>
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        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152723.34000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIVITAS RESOUR 8.625% 11/01/30</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>CIVITAS RESOURCES INC REGD 144A P/P 8.62500000</title>
        <cusip>17888HAC7</cusip>
        <identifiers>
          <isin value="US17888HAC79"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178496.84000000</valUSD>
        <pctVal>0.063597662303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIVITAS RESOUR 8.375% 07/01/28</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>CIVITAS RESOURCES INC REGD 144A P/P 8.37500000</title>
        <cusip>17888HAA1</cusip>
        <identifiers>
          <isin value="US17888HAA14"/>
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        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>521356.44000000</valUSD>
        <pctVal>0.185757074528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>STANDARD CHARTERED  V/R /PERP/</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANDARD CHARTERED PLC REGD V/R /PERP/ P/P 7.01400000</title>
        <cusip>853254AB6</cusip>
        <identifiers>
          <isin value="US853254AB69"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309038.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2174-01-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.01400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>BRANDYWINE OPER  8.3% 03/15/28</name>
        <lei>N/A</lei>
        <title>BRANDYWINE OPER PARTNERS REGD 8.30000000</title>
        <cusip>105340AR4</cusip>
        <identifiers>
          <isin value="US105340AR47"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150014.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HILCORP ENERGY I/H 6% 02/01/31</name>
        <lei>N/A</lei>
        <title>HILCORP ENERGY I/HILCORP REGD 144A P/P 6.00000000</title>
        <cusip>431318AV6</cusip>
        <identifiers>
          <isin value="US431318AV64"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211811.30000000</valUSD>
        <pctVal>0.075467462222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BUCKEYE PARTNER 3.95% 12/01/26</name>
        <lei>N/A</lei>
        <title>BUCKEYE PARTNERS LP REGD 3.95000000</title>
        <cusip>118230AQ4</cusip>
        <identifiers>
          <isin value="US118230AQ44"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229333.48000000</valUSD>
        <pctVal>0.081710540175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED RENTALS 4.875% 01/15/28</name>
        <lei>N/A</lei>
        <title>UNITED RENTALS NORTH AM REGD 4.87500000</title>
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        <identifiers>
          <isin value="US911365BG81"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PATTERN ENERGY O 4.5% 08/15/28</name>
        <lei>N/A</lei>
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          <isin value="US70339PAA75"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOYD GAMING COR 4.75% 12/01/27</name>
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          <isin value="US103304BU40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARKLAND CORP 6.625% 08/15/32</name>
        <lei>549300UY5C6HUV0XLS53</lei>
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          <isin value="US70137WAN83"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORTRESS TRANS 7.875% 12/01/30</name>
        <lei>529900E7PUVK6BC8PE80</lei>
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          <isin value="US34960PAE16"/>
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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>LGI HOMES INC 4% 07/15/29</name>
        <lei>549300W02B4WNV8CV109</lei>
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        <cusip>50187TAF3</cusip>
        <identifiers>
          <isin value="US50187TAF30"/>
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        <curCd>USD</curCd>
        <valUSD>108900.68000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TRINITY INDUSTR 7.75% 07/15/28</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
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        <cusip>896522AJ8</cusip>
        <identifiers>
          <isin value="US896522AJ82"/>
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        <balance>244000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251741.21000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TENET HEALTHCA 5.125% 11/01/27</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP REGD 5.12500000</title>
        <cusip>88033GDB3</cusip>
        <identifiers>
          <isin value="US88033GDB32"/>
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        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>575647.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>BUILDERS FIRSTS 4.25% 02/01/32</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE INC REGD 144A P/P 4.25000000</title>
        <cusip>12008RAP2</cusip>
        <identifiers>
          <isin value="US12008RAP29"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>599521.97000000</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>
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      <invstOrSec>
        <name>RAND PARENT LLC 8.5% 02/15/30</name>
        <lei>N/A</lei>
        <title>RAND PARENT LLC REGD 144A P/P 8.50000000</title>
        <cusip>753272AA1</cusip>
        <identifiers>
          <isin value="US753272AA11"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>311904.33000000</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>US FOODS INC 6.875% 09/15/28</name>
        <lei>N/A</lei>
        <title>US FOODS INC REGD 144A P/P 6.87500000</title>
        <cusip>90290MAG6</cusip>
        <identifiers>
          <isin value="US90290MAG69"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230910.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SM ENERGY CO 6.75% 08/01/29</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM ENERGY CO REGD 144A P/P 6.75000000</title>
        <cusip>78454LAX8</cusip>
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          <isin value="US78454LAX82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ATKORE INC 4.25% 06/01/31</name>
        <lei>52990002TI38AM4RPV48</lei>
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        <cusip>047649AA6</cusip>
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          <isin value="US047649AA63"/>
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          <isin value="US04364VAU70"/>
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        <fairValLevel>2</fairValLevel>
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        <name>API GROUP DE IN 4.75% 10/15/29</name>
        <lei>N/A</lei>
        <title>API GROUP DE INC REGD 144A P/P 4.75000000</title>
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          <isin value="US00185PAA93"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>BURFORD CAPITA 6.875% 04/15/30</name>
        <lei>N/A</lei>
        <title>BURFORD CAPITAL GLBL FIN REGD 144A P/P 6.87500000</title>
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          <isin value="US12116LAC37"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149831.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HERC HOLDINGS  6.625% 06/15/29</name>
        <lei>549300TP80QLITMSBP82</lei>
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          <isin value="US42704LAE48"/>
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        <valUSD>316501.41000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TENET HEALTHCAR 4.25% 06/01/29</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <cusip>88033GDM9</cusip>
        <identifiers>
          <isin value="US88033GDM96"/>
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        <curCd>USD</curCd>
        <valUSD>532034.31000000</valUSD>
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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>STANDARD INDUS 4.375% 07/15/30</name>
        <lei>N/A</lei>
        <title>STANDARD INDUSTRI INC/NY REGD 144A P/P 4.37500000</title>
        <cusip>853496AG2</cusip>
        <identifiers>
          <isin value="US853496AG21"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>583511.94000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CELANESE US HOLD 6.8% 11/15/30</name>
        <lei>N/A</lei>
        <title>CELANESE US HOLDINGS LLC REGD 6.80000000</title>
        <cusip>15089QAX2</cusip>
        <identifiers>
          <isin value="US15089QAX25"/>
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        <curCd>USD</curCd>
        <valUSD>415251.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>AMERICAN AIRLINE 5.5% 04/20/26</name>
        <lei>N/A</lei>
        <title>AMERICAN AIRLINES/AADVAN REGD 144A P/P 5.50000000</title>
        <cusip>00253XAA9</cusip>
        <identifiers>
          <isin value="US00253XAA90"/>
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        <balance>456666.67000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454004.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-20</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>ONEMAIN FINANCE 6.75% 03/15/32</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.75000000</title>
        <cusip>682691AJ9</cusip>
        <identifiers>
          <isin value="US682691AJ99"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245520.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEAGATE HDD CA 4.875% 06/01/27</name>
        <lei>N/A</lei>
        <title>SEAGATE HDD CAYMAN REGD 4.87500000</title>
        <cusip>81180WAR2</cusip>
        <identifiers>
          <isin value="US81180WAR25"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>247667.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEFFERSON CAPITA 9.5% 02/15/29</name>
        <lei>N/A</lei>
        <title>JEFFERSON CAPITAL HOLDIN REGD 144A P/P 9.50000000</title>
        <cusip>472481AB6</cusip>
        <identifiers>
          <isin value="US472481AB63"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183607.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONSTELLIUM SE 5.625% 06/15/28</name>
        <lei>724500KRJEMC79KAAU28</lei>
        <title>CONSTELLIUM SE REGD 144A P/P 5.62500000</title>
        <cusip>21039CAA2</cusip>
        <identifiers>
          <isin value="US21039CAA27"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128045.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>GEO GROUP INC/ 8.625% 04/15/29</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO GROUP INC/THE REGD 8.62500000</title>
        <cusip>36162JAG1</cusip>
        <identifiers>
          <isin value="US36162JAG13"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268316.81000000</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>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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        <name>VODAFONE GROUP PL V/R 06/04/81</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD V/R SER NC-5 3.25000000</title>
        <cusip>92857WBV1</cusip>
        <identifiers>
          <isin value="US92857WBV19"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188364.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-06-04</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ORGANON &amp; CO/OR 6.75% 05/15/34</name>
        <lei>N/A</lei>
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        <cusip>68622FAA9</cusip>
        <identifiers>
          <isin value="US68622FAA93"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184117.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HILCORP ENERGY  7.25% 02/15/35</name>
        <lei>N/A</lei>
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        <cusip>431318BG8</cusip>
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          <isin value="US431318BG88"/>
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        <curCd>USD</curCd>
        <valUSD>340295.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONEMAIN FINANC 7.125% 11/15/31</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 7.12500000</title>
        <cusip>682691AG5</cusip>
        <identifiers>
          <isin value="US682691AG50"/>
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        <balance>263000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264351.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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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>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325417.59000000</valUSD>
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        <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>SENSATA TECH I 4.375% 02/15/30</name>
        <lei>N/A</lei>
        <title>SENSATA TECH INC REGD 144A P/P 4.37500000</title>
        <cusip>81728UAA2</cusip>
        <identifiers>
          <isin value="US81728UAA25"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166175.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEX INC 6.5% 03/15/33</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
        <title>WEX INC REGD 144A P/P 6.50000000</title>
        <cusip>96208TAD6</cusip>
        <identifiers>
          <isin value="US96208TAD63"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209275.37000000</valUSD>
        <pctVal>0.074563921185</pctVal>
        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>1011778 BC / NEW 3.5% 02/15/29</name>
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          <isin value="US68245XAP42"/>
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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>HESS MIDSTREAM O 5.5% 10/15/30</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELEMENT SOLUTI 3.875% 09/01/28</name>
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        <cusip>28618MAA4</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HOWARD HUGHES  4.375% 02/01/31</name>
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        <cusip>44267DAF4</cusip>
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        <curCd>USD</curCd>
        <valUSD>226355.67000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METHANEX CORP 5.65% 12/01/44</name>
        <lei>549300TSJHRXT9QXRD13</lei>
        <title>METHANEX CORP REGD 5.65000000</title>
        <cusip>59151KAJ7</cusip>
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          <isin value="US59151KAJ79"/>
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        <curCd>USD</curCd>
        <valUSD>99943.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLEVELAND-CLIFFS I 7% 03/15/32</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <cusip>185899AP6</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MACY'S RETAIL  5.125% 01/15/42</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US55616XAG25"/>
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          <couponKind>Fixed</couponKind>
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        <name>KFC HLD/PIZZA H 4.75% 06/01/27</name>
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        <cusip>48250NAC9</cusip>
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        <name>ENERSYS 6.625% 01/15/32</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
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        <name>ATS CORP 4.125% 12/15/28</name>
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        <identifiers>
          <isin value="US001940AC98"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <name>GENTING NY LLC/ 7.25% 10/01/29</name>
        <lei>N/A</lei>
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          <isin value="US37255JAB89"/>
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        <issuerCat>CORP</issuerCat>
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        <name>RHP HOTEL PPTY/R 6.5% 04/01/32</name>
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        <name>MITER BRAND / M 6.75% 04/01/32</name>
        <lei>N/A</lei>
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          <isin value="US60672JAA79"/>
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        <name>PERMIAN RESOURC OP 8% 04/15/27</name>
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        <name>KB HOME 7.25% 07/15/30</name>
        <lei>549300LGUCWQURMWLG09</lei>
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        <name>BLOCK INC 6.5% 05/15/32</name>
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      <invstOrSec>
        <name>HILCORP ENERGY  6.25% 11/01/28</name>
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        <name>PILGRIM'S PRIDE 4.25% 04/15/31</name>
        <lei>N/A</lei>
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        <name>NOVA CHEMICALS COR 9% 02/15/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VODAFONE GROUP PL V/R 06/04/81</name>
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        <cusip>92857WBW9</cusip>
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        <valUSD>347157.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLES RIVER LABO 4% 03/15/31</name>
        <lei>549300BSQ0R4UZ5KX287</lei>
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        <cusip>159864AJ6</cusip>
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        <name>ROYAL CARIBBEAN CR 6% 02/01/33</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <cusip>780153BV3</cusip>
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        <valUSD>692375.59000000</valUSD>
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        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>SERVICE CORP I 3.375% 08/15/30</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTL REGD 3.37500000</title>
        <cusip>817565CF9</cusip>
        <identifiers>
          <isin value="US817565CF96"/>
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        <valUSD>300248.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>RYAN SPECIALTY 5.875% 08/01/32</name>
        <lei>N/A</lei>
        <title>RYAN SPECIALTY REGD 144A P/P 5.87500000</title>
        <cusip>78351GAA3</cusip>
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          <isin value="US78351GAA31"/>
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        <name>INEOS QUATTRO  9.625% 03/15/29</name>
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          <isin value="US45674GAB05"/>
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        <name>ADVANCE AUTO PAR 3.9% 04/15/30</name>
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        <name>CALPINE CORP 3.75% 03/01/31</name>
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        <name>ANTERO MIDSTRE 5.375% 06/15/29</name>
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        <name>HESS MIDSTREAM  4.25% 02/15/30</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LEEWARD RENEWAB 4.25% 07/01/29</name>
        <lei>N/A</lei>
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        <cusip>524590AA4</cusip>
        <identifiers>
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      <invstOrSec>
        <name>BATH &amp; BODY WORK 7.5% 06/15/29</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <cusip>501797AR5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XPO INC 7.125% 02/01/32</name>
        <lei>54930096DB9LCLPN7H13</lei>
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          <isin value="US983793AK61"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCKIES EXPRESS  4.8% 05/15/30</name>
        <lei>N/A</lei>
        <title>ROCKIES EXPRESS PIPELINE REGD 144A P/P 4.80000000</title>
        <cusip>77340RAT4</cusip>
        <identifiers>
          <isin value="US77340RAT41"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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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>ZF NA CAPITAL 6.875% 04/14/28</name>
        <lei>N/A</lei>
        <title>ZF NA CAPITAL REGD 144A P/P 6.87500000</title>
        <cusip>98877DAD7</cusip>
        <identifiers>
          <isin value="US98877DAD75"/>
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        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>234270.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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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>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>186091.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HILTON DOMESTI 5.875% 03/15/33</name>
        <lei>N/A</lei>
        <title>HILTON DOMESTIC OPERATIN REGD 144A P/P 5.87500000</title>
        <cusip>432833AR2</cusip>
        <identifiers>
          <isin value="US432833AR23"/>
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        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>390060.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>FMG RESOURCES  6.125% 04/15/32</name>
        <lei>N/A</lei>
        <title>FMG RESOURCES AUG 2006 REGD 144A P/P 6.12500000</title>
        <cusip>30251GBE6</cusip>
        <identifiers>
          <isin value="US30251GBE61"/>
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        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>315661.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VIASAT INC 5.625% 04/15/27</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC REGD 144A P/P 5.62500000</title>
        <cusip>92552VAL4</cusip>
        <identifiers>
          <isin value="US92552VAL45"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245190.20000000</valUSD>
        <pctVal>0.087360221837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>GREYSTAR REAL E 7.75% 09/01/30</name>
        <lei>254900HGC806SXAS4M46</lei>
        <title>GREYSTAR REAL ESTATE PAR REGD 144A P/P 7.75000000</title>
        <cusip>39807UAD8</cusip>
        <identifiers>
          <isin value="US39807UAD81"/>
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        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178674.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425416.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>LIVE NATION ENTE 6.5% 05/15/27</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LIVE NATION ENTERTAINMEN REGD 144A P/P 6.50000000</title>
        <cusip>538034AV1</cusip>
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          <isin value="US538034AV10"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>490630.37000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CLEVELAND-CLIF 6.875% 11/01/29</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <cusip>185899AQ4</cusip>
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          <isin value="US185899AQ45"/>
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        <balance>350000.00000000</balance>
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        <valUSD>339389.16000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>MATTAMY GROUP  4.625% 03/01/30</name>
        <lei>5493008TNY7A82WCXU31</lei>
        <title>MATTAMY GROUP CORP REGD 144A P/P 4.62500000</title>
        <cusip>57701RAM4</cusip>
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          <isin value="US57701RAM43"/>
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        <balance>250000.00000000</balance>
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        <valUSD>228944.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABC SUPPLY CO  3.875% 11/15/29</name>
        <lei>N/A</lei>
        <title>ABC SUPPLY CO INC REGD 144A P/P 3.87500000</title>
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          <isin value="US024747AG26"/>
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        <curCd>USD</curCd>
        <valUSD>147855.24000000</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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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WYNN RESORTS FI 6.25% 03/15/33</name>
        <lei>N/A</lei>
        <title>WYNN RESORTS FINANCE LLC REGD 144A P/P 6.25000000</title>
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        <identifiers>
          <isin value="US983133AD10"/>
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        <lei>549300M0CPXV65RFF271</lei>
        <title>KONTOOR BRANDS INC REGD 144A P/P 4.12500000</title>
        <cusip>50050NAA1</cusip>
        <identifiers>
          <isin value="US50050NAA19"/>
        </identifiers>
        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156406.44000000</valUSD>
        <pctVal>0.055726947060</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>NOVELIS CORP 3.875% 08/15/31</name>
        <lei>N/A</lei>
        <title>NOVELIS CORP REGD 144A P/P 3.87500000</title>
        <cusip>670001AH9</cusip>
        <identifiers>
          <isin value="US670001AH91"/>
        </identifiers>
        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254895.16000000</valUSD>
        <pctVal>0.090818057666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STARWOOD PROPERTY  6% 04/15/30</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROPERTY TRUST REGD 144A P/P 6.00000000</title>
        <cusip>85571BBC8</cusip>
        <identifiers>
          <isin value="US85571BBC81"/>
        </identifiers>
        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153358.30000000</valUSD>
        <pctVal>0.054640907787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>
