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      <invstOrSec>
        <name>HOST HOTELS &amp; RESORTS INC REIT USD.01</name>
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      <invstOrSec>
        <name>Centene Corp 4.625% 12/15/2029 144A</name>
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        <name>DISH DBS CORP 5.875% 11/15/2024</name>
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        <name>HAL 10.0% ELN Issued by Wells Fargo Bank, N.A. 10.0% ELN 1/11/2021</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
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        <name>GM 8.5% ELN Issued by Wells Fargo Bank, N.A. 8.5% ELN 11/25/2020</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>GM 8.5% ELN Issued by Wells Fargo Bank, N.A. 8.5% ELN 11/25/2020</title>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC / ARU FINANC 10.00% 04/01/2022 144A</name>
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        <name>Tenet Healthcare Corp 7% 08/01/2025</name>
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        <name>MET 7.5% ELN Issued by Goldman Sachs International 7.50% ELN 12/29/20</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BELK INC 6.5% 07/31/2025 Extended Term Loan B</name>
        <lei>N/A</lei>
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        <cusip>07384DAC6</cusip>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022</name>
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        <name>GLOBAL EAGLE ENTERTAINMENT INC 10.02025% 01/06/2023 Initial Term Loans</name>
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        <name>Golden Nugget Inc 6.5% 10/23/2023 B Term Loan </name>
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        <name>Broadcom Inc COM USD 1</name>
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        <name>Credit Suisse AG/Nassau ZERO 02/08/2021 S&amp;p 500 INDEX</name>
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        <title>Credit Suisse AG/Nassau ZERO 02/08/2021 S&amp;p 500 INDEX</title>
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        <name>UBS AG LONDON BRANCH ZERO 5/07/2021 S&amp;P 500 INDEX</name>
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        <name>UNIVISION COMMUNICATIONS INC 5.125% 02/15/2025 144A</name>
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        <name>GOVT NATL MORTG ASSN 4% 10/20/2049 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVT NATL MORTG ASSN 4% 10/20/2049 SF2</title>
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        <name>FMG RESOURCES AUGUST 2006 PTY LTD 5.125% 03/15/2023 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CHESAPEAKE ENERGY CORP 5.50% 09/15/2026 CNV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MORTGAGE CORP 4% 05/01/2049 FNL</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MRK 7.0% ELN Issued by Royal Bank of Canada 7.00% ELN 01/25/2021</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 4.875% 04/15/2020 144A</name>
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        <name>CEMEX FINANCE LLC 6.00% 04/01/2024 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GOVT NATL MORTG ASSN 3.5% 12/20/2049 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>CALUMET SPECIALTY PRODUCTS PARTNERS LP/FINANCE C 7.625% 01/15/2022</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BMY 8.0% ELN Issued by Goldman Sachs International 8.0% ELN 02/10/2021</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMCAST CORP COM A USD1 (NEW)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MERCK &amp; CO INC COM USD.5</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DISH DBS CORP 5.875% 07/15/2022</name>
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        <name>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 02/01/2025 144A</name>
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        <name>BARCLAYS PLC 3.65% 03/16/2025</name>
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        <name>POST HOLDINGS INC 5.625% 01/15/2028 144A</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 5.75% 08/01/2022 144A</name>
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        <title>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 5.75% 08/01/2022 144A</title>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems Inc 6.625% 02/15/2025 144A</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc 6.625% 02/15/2025 144A</title>
        <cusip>12543DBF6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED STATES TREASURY NOTE/BOND 6.875% 08/15/2025</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CITIGROUP INC 4.125% 07/25/2028</name>
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        <name>BARCLAYS PLC 4.375% 01/12/2026</name>
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        <name>Bausch Health Cos Inc 5.50% 11/01/2025 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AVGO 10.0% ELN Issued By Credit Suisse AG, London Branch 10.0% ELN 4/14/2021</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INTC 8.00% ELN Issued by Royal Bank of Canada 8.00% ELN 11/18/2020</name>
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        <name>SPRINT CORP 7.125% 06/15/2024</name>
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          <other otherDesc="Internal Identifier" value="590231"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JPMORGAN CHASE &amp; CO 6.00% 2/1/2169 PERP</name>
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          <other otherDesc="Internal Identifier" value="555481"/>
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        <name>INTERNATIONAL PAPER CO 3.00% 02/15/2027</name>
        <lei>824LMFJDH41EY779Q875</lei>
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        <cusip>460146CP6</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>INTC 8% ELN Issued by Merrill Lynch International &amp; Co. C.V. 8.00% ELN 02/23/2021</name>
        <lei>AHYI0DDQ2LCHPGHJC422</lei>
        <title>INTC 8% ELN Issued by Merrill Lynch International &amp; Co. C.V. 8.00% ELN 02/23/2021</title>
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          <other otherDesc="Internal Identifier" value="1044573"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>CITIGROUP INC 5.95% 2/15/2169 PERP</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <cusip>172967JZ5</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY COM USD.01</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY COM USD.01</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CVS 8.5% ELN ISSUED BY CREDIT SUISSE AG, LONDON BRANCH 8.50% ELN 8/24/2020</name>
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        <title>CVS 8.5% ELN ISSUED BY CREDIT SUISSE AG, LONDON BRANCH 8.50% ELN 8/24/2020</title>
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        <invCountry>CH</invCountry>

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        <name>JPMORGAN CHASE &amp; CO 5.00% 1/1/2169 PERP *FORMERLY FIXED*</name>
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        <name>BP PLC SPONSORED ADR</name>
        <lei>213800LH1BZH3DI6G760</lei>
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        <name>GOLDEN NUGGET INC 6.75% 10/15/2024 144A</name>
        <lei>91D14OD6M4H1RVBN7R43</lei>
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        <name>GOVT NATL MORTG ASSN 4% 11/20/2049 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVT NATL MORTG ASSN 4% 11/20/2049 SF2</title>
        <cusip>36179U6W7</cusip>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Southern Co/The 5.50% 03/15/2057 *FIXED TO FLOAT*</name>
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        <title>Southern Co/The 5.50% 03/15/2057 *FIXED TO FLOAT*</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RAYTHEON CO NEW COM NPV</name>
        <lei>YR6K3WJN0KKLUPZSNL57</lei>
        <title>RAYTHEON CO NEW COM NPV</title>
        <cusip>755111507</cusip>
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          <ticker value="RTN"/>
          <other otherDesc="Internal Identifier" value="209000"/>
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        <curCd>USD</curCd>
        <valUSD>262300000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Note/Bond 2.875% 05/31/2025</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 2.875% 05/31/2025</title>
        <cusip>9128284R8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="874948"/>
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        <balance>250000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281416015.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Note/Bond 2.5% 02/28/2021</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 2.5% 02/28/2021</title>
        <cusip>9128286D7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="964886"/>
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        <balance>500000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510869140.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Comcast Corp 3.95% 10/15/2025</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp 3.95% 10/15/2025</title>
        <cusip>20030NCS8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="934692"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55157147.00000000</valUSD>
        <pctVal>0.090291615001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP 6.25% 03/05/2169 PERP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP 6.25% 03/05/2169 PERP</title>
        <cusip>060505EH3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="585467"/>
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        <balance>85000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86334075.00000000</valUSD>
        <pctVal>0.141327887415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOVT NATL MORTG ASSN 4% 12/20/2049 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVT NATL MORTG ASSN 4% 12/20/2049 SF2</title>
        <cusip>36179VBH2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1030208"/>
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        <balance>94402086.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101230299.88000000</valUSD>
        <pctVal>0.165712836148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-20</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>
      <invstOrSec>
        <name>WYNN LAS VEGAS LLC/CAPITAL CORP 5.50% 03/01/2025 144A</name>
        <lei>N/A</lei>
        <title>WYNN LAS VEGAS LLC/CAPITAL CORP 5.50% 03/01/2025 144A</title>
        <cusip>983130AV7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="613652"/>
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        <balance>157500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147651525.00000000</valUSD>
        <pctVal>0.241703847547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TXN 9.0% ELN Issued by JPMorgan Chase Bank, National Association 9% ELN 07/06/2020</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>TXN 9.0% ELN Issued by JPMorgan Chase Bank, National Association 9% ELN 07/06/2020</title>
        <cusip>48128D719</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="993504"/>
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        <balance>2236000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>228277571.13000000</valUSD>
        <pctVal>0.373687757378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAC 7.0% ELN Issued by Credit Suisse AG, London Branch 7.0% ELN 10/21/2020</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>BAC 7.0% ELN Issued by Credit Suisse AG, London Branch 7.0% ELN 10/21/2020</title>
        <cusip>22550T427</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1036580"/>
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        <balance>8550000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190843934.40000000</valUSD>
        <pctVal>0.312409324763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC 3.40% 03/08/2021</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC 3.40% 03/08/2021</title>
        <cusip>404280AV1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="628117"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25145587.75000000</valUSD>
        <pctVal>0.041163037821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T INC 3.00% 06/30/2022</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC 3.00% 06/30/2022</title>
        <cusip>00206RCM2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="602584"/>
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        <balance>90000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90870934.50000000</valUSD>
        <pctVal>0.148754674215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WYNN LAS VEGAS LLC/CAPITAL CORP 5.25% 05/15/2027 144A</name>
        <lei>N/A</lei>
        <title>WYNN LAS VEGAS LLC/CAPITAL CORP 5.25% 05/15/2027 144A</title>
        <cusip>983130AX3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665553"/>
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        <balance>99827000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90717786.25000000</valUSD>
        <pctVal>0.148503972292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC 3.272% 09/29/2025 FIXED TO FLOAT</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC 3.272% 09/29/2025 FIXED TO FLOAT</title>
        <cusip>38141GWQ3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="675579"/>
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        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102147251.00000000</valUSD>
        <pctVal>0.167213874581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.27200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PBF Holding Co LLC / PBF Finance Corp 6.00% 02/15/2028 144A</name>
        <lei>N/A</lei>
        <title>PBF Holding Co LLC / PBF Finance Corp 6.00% 02/15/2028 144A</title>
        <cusip>69318FAH1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1038480"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34000000.00000000</valUSD>
        <pctVal>0.055657608796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHS/Community Health Systems Inc 8% 03/15/2026 144A</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc 8% 03/15/2026 144A</title>
        <cusip>12543DBC3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="966081"/>
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        <balance>396500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378904123.00000000</valUSD>
        <pctVal>0.620261689681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Cos Inc 7.25% 05/30/2029 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 7.25% 05/30/2029 144A</title>
        <cusip>071734AF4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="981220"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41734000.00000000</valUSD>
        <pctVal>0.068318077808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS INC 5.125% 05/15/2023 144A</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UNIVISION COMMUNICATIONS INC 5.125% 05/15/2023 144A</title>
        <cusip>914906AR3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="549931"/>
        </identifiers>
        <balance>175000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156187500.00000000</valUSD>
        <pctVal>0.255677140407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sempra Energy 3.4% 02/01/2028</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra Energy 3.4% 02/01/2028</title>
        <cusip>816851BG3</cusip>
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          <other otherDesc="Internal Identifier" value="871465"/>
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        <curCd>USD</curCd>
        <valUSD>30158211.90000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vistra Energy Corp 5.875% 06/01/2023</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Energy Corp 5.875% 06/01/2023</title>
        <cusip>26817RAB4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="572770"/>
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        <balance>78000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78387660.00000000</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>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORD MOTOR CO 4.75% 01/15/2043</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR CO 4.75% 01/15/2043</title>
        <cusip>345370CQ1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="539375"/>
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        <balance>60000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34350000.00000000</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>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE 4% 12/01/2049 FNL</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE 4% 12/01/2049 FNL</title>
        <cusip>31418DJT0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1024623"/>
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        <balance>95385306.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101967853.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHESAPEAKE ENERGY CORP 6.5% 06/23/2024 Class A Loan</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>CHESAPEAKE ENERGY CORP 6.5% 06/23/2024 Class A Loan</title>
        <cusip>16516FAH2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1028081"/>
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        <balance>195000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79170000.00000000</valUSD>
        <pctVal>0.129600379070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Barclays PLC FRN 05/07/2025 *FIXED TO FLOAT*</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC FRN 05/07/2025 *FIXED TO FLOAT*</title>
        <cusip>06738EBH7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="979732"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48055467.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-07</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.93200000</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>CMI 8.0% ELN Issued by Credit Suisse AG, London Branch 8% ELN 07/10/20</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>CMI 8.0% ELN Issued by Credit Suisse AG, London Branch 8% ELN 07/10/20</title>
        <cusip>22550T252</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="993184"/>
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        <balance>1700000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237471998.70000000</valUSD>
        <pctVal>0.388738929519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELL INTERNATIONAL LLC / EMC CORP 5.45% 06/15/2023 144A</name>
        <lei>N/A</lei>
        <title>DELL INTERNATIONAL LLC / EMC CORP 5.45% 06/15/2023 144A</title>
        <cusip>25272KAG8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="634361"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25686143.75000000</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>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
      <invstOrSec>
        <name>HSBC Holdings PLC 4.292 09/12/2026 *FIXED TO FLOAT*</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC 4.292 09/12/2026 *FIXED TO FLOAT*</title>
        <cusip>404280BX6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="927901"/>
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        <balance>125000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130931012.50000000</valUSD>
        <pctVal>0.214332560970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.29200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FANNIE MAE 4% 02/01/2050 FNL</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE 4% 02/01/2050 FNL</title>
        <cusip>31418DLU4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1046246"/>
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        <balance>241982722.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258604060.33000000</valUSD>
        <pctVal>0.423331871262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>GENERAL MOTORS CO 5.15% 04/01/2038</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO 5.15% 04/01/2038</title>
        <cusip>37045VAP5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="673734"/>
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        <balance>165000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119866167.30000000</valUSD>
        <pctVal>0.196219536690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</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>GOLDMAN SACHS GROUP INC 2.876% 10/31/2022 FIXED TO FLOAT</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC 2.876% 10/31/2022 FIXED TO FLOAT</title>
        <cusip>38148YAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="677417"/>
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        <balance>115000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115684100.50000000</valUSD>
        <pctVal>0.189373541457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.87600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PEPSICO INC STRIKE 130 EXPIRES 05/15/20 CALLS</title>
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        <identifiers>
          <ticker value="PEP 5 C130"/>
          <other otherDesc="Internal Identifier" value="1057744"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3975000.00000000</valUSD>
        <pctVal>-0.00650702926</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>SeaPort Global Securities LLC</counterpartyName>
              <counterpartyLei>54930028D6D0G5RZJ888</counterpartyLei>
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            <counterparties>
              <counterpartyName>Susquehanna International Group</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>PEPSICO INC STRIKE 130 EXPIRES 05/15/20 CALLS</issuerName>
                <issueTitle>PEPSICO INC STRIKE 130 EXPIRES 05/15/20 CALLS</issueTitle>
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                  <isin value="US7134481081"/>
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            <shareNo>200.00000000</shareNo>
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            <delta>XXXX</delta>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BASF SE ORD EUR NPV***REGISTERED SHARES***</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE ORD EUR NPV***REGISTERED SHARES***</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <other otherDesc="Internal Identifier" value="54436"/>
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        <balance>10000000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>467292309.80000000</valUSD>
        <pctVal>0.764952134478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CISCO SYSTEMS INC COM USD NPV</name>
        <lei>8E6NF1YAL0WT6CWXXV93</lei>
        <title>CISCO SYSTEMS INC COM USD NPV</title>
        <cusip>17275R102</cusip>
        <identifiers>
          <ticker value="CSCO"/>
          <other otherDesc="Internal Identifier" value="29591"/>
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        <balance>5000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196550000.00000000</valUSD>
        <pctVal>0.321750088496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>24 HOUR FITNESS WORLDWIDE INC 8.00% 06/01/2022 144A</name>
        <lei>N/A</lei>
        <title>24 HOUR FITNESS WORLDWIDE INC 8.00% 06/01/2022 144A</title>
        <cusip>90132BAA5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="577004"/>
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        <balance>197630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21430206.68000000</valUSD>
        <pctVal>0.035081001759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Par Pharmaceutical Inc 7.50% 04/01/2027 144A</name>
        <lei>549300KK5WR4MGN4YT97</lei>
        <title>Par Pharmaceutical Inc 7.50% 04/01/2027 144A</title>
        <cusip>69888XAA7</cusip>
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        <curCd>USD</curCd>
        <valUSD>85218875.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES TREASURY NOTE/BOND 2.00% 11/30/2022</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TREASURY NOTE/BOND 2.00% 11/30/2022</title>
        <cusip>912828M80</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="621695"/>
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        <balance>450000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470636721.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-30</maturityDt>
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      <invstOrSec>
        <name>Barclays PLC 4.61% 02/15/2023 *FIXED TO FLOAT*</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC 4.61% 02/15/2023 *FIXED TO FLOAT*</title>
        <cusip>06738EBE4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="942199"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50917206.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CVS Health Corp 4.30% 03/25/2028</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp 4.30% 03/25/2028</title>
        <cusip>126650CX6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686103"/>
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        <balance>125000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133012996.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ABBVIE INC 3.20% 05/14/2026</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC 3.20% 05/14/2026</title>
        <cusip>00287YAY5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="634046"/>
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        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36339486.75000000</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>2026-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</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>
      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC COM USD1</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC COM USD1</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <ticker value="VZ"/>
          <other otherDesc="Internal Identifier" value="22610"/>
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        <balance>12000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>644760000.00000000</valUSD>
        <pctVal>1.055464701393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABBVIE INC 2.90% 11/06/2022</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC 2.90% 11/06/2022</title>
        <cusip>00287YAL3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="554632"/>
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        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35452523.05000000</valUSD>
        <pctVal>0.058035372316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORD MOTOR CO 4.346% 12/08/2026</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR CO 4.346% 12/08/2026</title>
        <cusip>345370CR9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="654910"/>
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        <balance>138000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106950000.00000000</valUSD>
        <pctVal>0.175075919433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.34600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GM 9.0% ELN Issued by Wells Fargo Bank NA 9.0% ELN 6/1/2020</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>GM 9.0% ELN Issued by Wells Fargo Bank NA 9.0% ELN 6/1/2020</title>
        <cusip>94980V280</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="985471"/>
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        <balance>13580000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292836404.00000000</valUSD>
        <pctVal>0.479369823973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED TECHNOLOGIES CORP 4.50% 06/01/2042</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>UNITED TECHNOLOGIES CORP 4.50% 06/01/2042</title>
        <cusip>913017BT5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="521878"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23327838.80000000</valUSD>
        <pctVal>0.038187403705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP INC 5.95% 7/30/2167 PERP</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC 5.95% 7/30/2167 PERP</title>
        <cusip>172967GD7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="534096"/>
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        <balance>175000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169345750.00000000</valUSD>
        <pctVal>0.277217044258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION CNV PRF 5.375%</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION CNV PRF 5.375%</title>
        <cusip>313586810</cusip>
        <identifiers>
          <ticker value="FNMFO"/>
          <other otherDesc="Internal Identifier" value="324494"/>
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        <balance>4250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77562500.00000000</valUSD>
        <pctVal>0.126968920066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cigna Corp 3.75% 07/15/2023</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp 3.75% 07/15/2023</title>
        <cusip>125523AF7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1004080"/>
        </identifiers>
        <balance>36552000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37690435.80000000</valUSD>
        <pctVal>0.061698809738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-15</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>
      <invstOrSec>
        <name>NETFLIX INC 4.875% 04/15/2028</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC 4.875% 04/15/2028</title>
        <cusip>64110LAS5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="942368"/>
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        <balance>79300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81486697.50000000</valUSD>
        <pctVal>0.133392786221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAT Capital Corp 3.557% 08/15/2027</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp 3.557% 08/15/2027</title>
        <cusip>05526DBB0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="946359"/>
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        <balance>170000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160469426.00000000</valUSD>
        <pctVal>0.262686604001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO 5.15% 11/1/2168 PERP</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 5.15% 11/1/2168 PERP</title>
        <cusip>48124BAC9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="568383"/>
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        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95049000.00000000</valUSD>
        <pctVal>0.155594119366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA INC 5.875% 05/01/2023</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA INC 5.875% 05/01/2023</title>
        <cusip>404121AG0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="533524"/>
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        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105012500.00000000</valUSD>
        <pctVal>0.171904254226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp 3.004% 12/20/2023 FIXED TO FLOAT</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp 3.004% 12/20/2023 FIXED TO FLOAT</title>
        <cusip>06051GHC6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="875546"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>JPMORGAN CHASE &amp; CO 7.90% 10/30/2168 *FORMERLY FIXED*</name>
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      <invstOrSec>
        <name>XPO LOGISTICS INC 6.50% 06/15/2022 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HONEYWELL INTERNATIONAL INC COM USD1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SOUTHERN CO/THE COM USD5</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SPRINT CORP 7.625% 03/01/2026</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SPRINT COMMUNICATIONS INC 6.5% 02/03/2024 2018 Incremental Term Loans</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TARGET CORP COM USD.0833</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TARGET CORP COM USD.0833</title>
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          <ticker value="TGT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RIO 10.00% ELN Issued by Barclays Bank PLC 10.00% ELN 10/27/2020</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>RIO 10.00% ELN Issued by Barclays Bank PLC 10.00% ELN 10/27/2020</title>
        <cusip>06747D692</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE 4% 08/01/2049 FNL</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE 4% 08/01/2049 FNL</title>
        <cusip>3140QBMZ8</cusip>
        <identifiers>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL HOME LOAN MORTGAGE CORP PFD 8.3750%  SER Z</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORP PFD 8.3750%  SER Z</title>
        <cusip>313400624</cusip>
        <identifiers>
          <ticker value="FMCC"/>
          <other otherDesc="Internal Identifier" value="406802"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bausch health Cos inc 6.50% 03/15/2022 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch health Cos inc 6.50% 03/15/2022 144A</title>
        <cusip>91911KAJ1</cusip>
        <identifiers>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOVT NATL MORTG ASSN 4% 09/20/2049 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVT NATL MORTG ASSN 4% 09/20/2049 SF2</title>
        <cusip>36179UZU9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1009874"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NETFLIX INC 4.375% 11/15/2026</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC 4.375% 11/15/2026</title>
        <cusip>64110LAN6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="678011"/>
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        <balance>100000000.00000000</balance>
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        <valUSD>100805000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bausch Health Cos Inc 5.50% 03/01/2023 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 5.50% 03/01/2023 144A</title>
        <cusip>91911KAE2</cusip>
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          <other otherDesc="Internal Identifier" value="595784"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KINDER MORGAN INC 7.75% 01/15/2032</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC 7.75% 01/15/2032</title>
        <cusip>28368EAE6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="226790"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <name>TGT 8.00% ELN ISSUED BY MERRILL LYNCH INTERNATIONAL &amp; C 8.00% ELN 05/06/2020</name>
        <lei>AHYI0DDQ2LCHPGHJC422</lei>
        <title>TGT 8.00% ELN ISSUED BY MERRILL LYNCH INTERNATIONAL &amp; C 8.00% ELN 05/06/2020</title>
        <cusip>59027A490</cusip>
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          <other otherDesc="Internal Identifier" value="978215"/>
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        <valUSD>269435675.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MCDONALD'S CORP STRIKE 180 EXPIRES 05/15/20 CALLS</title>
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          <ticker value="MCD 5 C180"/>
          <other otherDesc="Internal Identifier" value="1057742"/>
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        <pctVal>-0.00492078741</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MORGAN STANLEY</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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                <issuerName>MCDONALD'S CORP STRIKE 180 EXPIRES 05/15/20 CALLS</issuerName>
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      <invstOrSec>
        <name>Prudential Financial Inc 5.70% 09/15/2048 *FIXED TO FLOAT*</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc 5.70% 09/15/2048 *FIXED TO FLOAT*</title>
        <cusip>744320BF8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CEMEX SAB DE CV 7.75% 04/16/2026 144A</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>CEMEX SAB DE CV 7.75% 04/16/2026 144A</title>
        <cusip>151290BU6</cusip>
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          <other otherDesc="Internal Identifier" value="629100"/>
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        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPRINT COMMUNICATIONS INC 7.00% 08/15/2020</name>
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        <cusip>852061AR1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KINDER MORGAN INC 5.625% 11/15/2023 144A</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC 5.625% 11/15/2023 144A</title>
        <cusip>49456BAB7</cusip>
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          <other otherDesc="Internal Identifier" value="563452"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Diamond Sports Group LLC / Diamond Sports Finance Co 5.375% 08/15/2026 144A</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC / Diamond Sports Finance Co 5.375% 08/15/2026 144A</title>
        <cusip>25277LAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998600"/>
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        <balance>84977000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SPRINT CORP 7.875% 09/15/2023</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>SPRINT CORP 7.875% 09/15/2023</title>
        <cusip>85207UAF2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="590243"/>
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        <balance>187350000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Syngenta Finance NV 4.441% 04/24/2023 144A</name>
        <lei>54930042S3BYCEGOCN86</lei>
        <title>Syngenta Finance NV 4.441% 04/24/2023 144A</title>
        <cusip>87164KAH7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="877362"/>
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        <curCd>USD</curCd>
        <valUSD>23578895.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.44100000</annualizedRt>
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        <name>HALLIBURTON CO COM USD2.5</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>HALLIBURTON CO COM USD2.5</title>
        <cusip>406216101</cusip>
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          <ticker value="HAL"/>
          <other otherDesc="Internal Identifier" value="628"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41100000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Cos Inc 7.00% 03/15/2024 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 7.00% 03/15/2024 144A</title>
        <cusip>91911KAK8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="661871"/>
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        <balance>87300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90028561.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMMSCOPE TECHNOLOGIES LLC 6.00% 06/15/2025 144A</name>
        <lei>M4TWC4QDOKW45N7T6Y12</lei>
        <title>COMMSCOPE TECHNOLOGIES LLC 6.00% 06/15/2025 144A</title>
        <cusip>20337YAA5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="605279"/>
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        <balance>21398000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19743934.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SLB 9.0% ELN Issued by Barclays Bank PLC 9.00% ELN 01/28/2021</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>SLB 9.0% ELN Issued by Barclays Bank PLC 9.00% ELN 01/28/2021</title>
        <cusip>06747F101</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1036073"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; CO COM USD.1666</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; CO COM USD.1666</title>
        <cusip>949746101</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="Internal Identifier" value="20314"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FANNIE MAE 4% 10/01/2047 FNL</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE 4% 10/01/2047 FNL</title>
        <cusip>3140J6GM3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="980679"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HANESBRANDS INC 4.875% 05/15/2026 144A</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
        <title>HANESBRANDS INC 4.875% 05/15/2026 144A</title>
        <cusip>410345AL6</cusip>
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          <other otherDesc="Internal Identifier" value="633411"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chesapeake Energy Corp 11.5% 01/01/2025 144A</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Chesapeake Energy Corp 11.5% 01/01/2025 144A</title>
        <cusip>165167DD6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1034312"/>
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        <valUSD>184368910.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC 3.50% 11/16/2026</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC 3.50% 11/16/2026</title>
        <cusip>38145GAH3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="652834"/>
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        <balance>50227000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51443456.25000000</valUSD>
        <pctVal>0.084212345973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>MS 8.5% ELN Issued by JPMorgan Chase Bank, National Association 8.5% ELN 12/21/2020</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>MS 8.5% ELN Issued by JPMorgan Chase Bank, National Association 8.5% ELN 12/21/2020</title>
        <cusip>48128D636</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1029162"/>
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        <balance>5100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181477691.10000000</valUSD>
        <pctVal>0.297076892249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kraft Heinz Foods Co 4.625% 01/30/2029</name>
        <lei>5493003STKEZ2S0RNU91</lei>
        <title>Kraft Heinz Foods Co 4.625% 01/30/2029</title>
        <cusip>50077LAT3</cusip>
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          <other otherDesc="Internal Identifier" value="876487"/>
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        <curCd>USD</curCd>
        <valUSD>30305688.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MOTORS LIQUIDATION CO ESCROW ACCOUNT NPV REF SM# 280593</name>
        <lei>N/A</lei>
        <title>MOTORS LIQUIDATION CO ESCROW ACCOUNT NPV REF SM# 280593</title>
        <cusip>370ESCBT1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="492870"/>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Americas Inc 9.25% 04/01/2026 144A</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas Inc 9.25% 04/01/2026 144A</title>
        <cusip>91911XAV6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686506"/>
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        <balance>200000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209890000.00000000</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>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayer US Finance II LLC 4.25% 12/15/2025 144A</name>
        <lei>529900XWNEXYNJ3X6T40</lei>
        <title>Bayer US Finance II LLC 4.25% 12/15/2025 144A</title>
        <cusip>07274NAJ2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="878169"/>
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        <balance>75000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78087570.75000000</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>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>ORCL 9.0% ELN ISSUED BY UBS AG, LONDON BRANCH 9.00% ELN 04/29/2021</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>ORCL 9.0% ELN ISSUED BY UBS AG, LONDON BRANCH 9.00% ELN 04/29/2021</title>
        <cusip>90269A336</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1058449"/>
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        <balance>4303900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216062868.52000000</valUSD>
        <pctVal>0.353692429748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAVITA INC 5.125% 07/15/2024</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DAVITA INC 5.125% 07/15/2024</title>
        <cusip>23918KAQ1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="578488"/>
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        <balance>202700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203359788.50000000</valUSD>
        <pctVal>0.332897633917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS INC 6.50% 03/15/2024 TERM LOAN</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UNIVISION COMMUNICATIONS INC 6.50% 03/15/2024 TERM LOAN</title>
        <cusip>914908AX6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686559"/>
        </identifiers>
        <balance>61762054.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52806556.20000000</valUSD>
        <pctVal>0.086443724907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.35338000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP 6.10% 9/17/2167 PERP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP 6.10% 9/17/2167 PERP</title>
        <cusip>060505EN0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="599541"/>
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        <balance>80000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80855600.00000000</valUSD>
        <pctVal>0.132359686875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Weatherford International PLC ORD USD 0.001</name>
        <lei>529900LPBDSCQDJKHQ39</lei>
        <title>Weatherford International PLC ORD USD 0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BLNN3691"/>
          <other otherDesc="Internal Identifier" value="1033528"/>
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        <balance>15000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89250000.00000000</valUSD>
        <pctVal>0.146101223089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHS/Community Health Systems Inc 8.125% 06/30/2024 144A</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc 8.125% 06/30/2024 144A</title>
        <cusip>12543DBA7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="878322"/>
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        <balance>720000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>504252000.00000000</valUSD>
        <pctVal>0.825454722078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEMPRA ENERGY 6.00% CNV PFD *SER A*</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA ENERGY 6.00% CNV PFD *SER A*</title>
        <cusip>816851406</cusip>
        <identifiers>
          <ticker value="SRE"/>
          <other otherDesc="Internal Identifier" value="682147"/>
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        <balance>400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37008000.00000000</valUSD>
        <pctVal>0.060581670186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>INTEL CORP STRIKE 60 EXPIRES 06/19/20 CALLS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="INTC 6 C60"/>
          <other otherDesc="Internal Identifier" value="1057743"/>
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        <balance>-15000.0000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3780000.00000000</valUSD>
        <pctVal>-0.00618781650</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
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            <counterparties>
              <counterpartyName>Susquehanna International Group</counterpartyName>
              <counterpartyLei>549300E8QX0ZMRDC2M81</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>INTEL CORP STRIKE 60 EXPIRES 06/19/20 CALLS</issuerName>
                <issueTitle>INTEL CORP STRIKE 60 EXPIRES 06/19/20 CALLS</issueTitle>
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                  <cusip value="458140100"/>
                  <isin value="US4581401001"/>
                  <ticker value="INTC 6 C60"/>
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            <shareNo>200.00000000</shareNo>
            <exercisePrice>60.00000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>-667101.49000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHEA HOMES LP / SHEA HOMES FUNDING CORP 6.125% 04/01/2025 144A</name>
        <lei>N/A</lei>
        <title>SHEA HOMES LP / SHEA HOMES FUNDING CORP 6.125% 04/01/2025 144A</title>
        <cusip>82088KAD0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="599495"/>
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        <balance>100500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100373872.50000000</valUSD>
        <pctVal>0.164310874381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>
      <invstOrSec>
        <name>Sunoco LP / Sunoco Finance Corp 5.5% 02/15/2026</name>
        <lei>N/A</lei>
        <title>Sunoco LP / Sunoco Finance Corp 5.5% 02/15/2026</title>
        <cusip>86765LAL1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="942187"/>
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        <balance>74775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65340077.44000000</valUSD>
        <pctVal>0.106960954966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co PRF USD 6.00% SER EE *JPM C*</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co PRF USD 6.00% SER EE *JPM C*</title>
        <cusip>48128B648</cusip>
        <identifiers>
          <ticker value="JPM C"/>
          <other otherDesc="Internal Identifier" value="955486"/>
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        <balance>3000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78450000.00000000</valUSD>
        <pctVal>0.128421747354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1716084.00000000"/>
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      <invstOrSec>
        <name>Broadcom Inc 8% CNV PFD a *AVGOP*</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc 8% CNV PFD a *AVGOP*</title>
        <cusip>11135F200</cusip>
        <identifiers>
          <ticker value="AVGO"/>
          <other otherDesc="Internal Identifier" value="1012579"/>
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        <balance>420000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>392431200.00000000</valUSD>
        <pctVal>0.642405359087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS 9.5% ELN ISSUED BY WELLS FARGO BANK NA 9.50% ELN 5/04/2020</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>CVS 9.5% ELN ISSUED BY WELLS FARGO BANK NA 9.50% ELN 5/04/2020</title>
        <cusip>94980V363</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="977402"/>
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        <balance>4600000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270223991.60000000</valUSD>
        <pctVal>0.442353565052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET 7.5% ELN Issued by Royal Bank of Canada MET 7.5% ELN 8/21/2020</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>MET 7.5% ELN Issued by Royal Bank of Canada MET 7.5% ELN 8/21/2020</title>
        <cusip>78013P717</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1001438"/>
        </identifiers>
        <balance>5350000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166483547.00000000</valUSD>
        <pctVal>0.272531650879</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CNX Resources Corp 7.25% 03/14/2027 144A</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX Resources Corp 7.25% 03/14/2027 144A</title>
        <cusip>12653CAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="967009"/>
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        <curCd>USD</curCd>
        <valUSD>50229344.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Note/Bond 2.75% 04/30/2023</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 2.75% 04/30/2023</title>
        <cusip>9128284L1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="871039"/>
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        <balance>500000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537890625.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Cos Inc 6.125% 04/15/2025 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 6.125% 04/15/2025 144A</title>
        <cusip>91831AAC5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="599700"/>
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        <balance>122400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121329612.00000000</valUSD>
        <pctVal>0.198615178825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHESAPEAKE ENERGY CORP 5.75% CNV PFD</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>CHESAPEAKE ENERGY CORP 5.75% CNV PFD</title>
        <cusip>165167768</cusip>
        <identifiers>
          <ticker value="CHK"/>
          <other otherDesc="Internal Identifier" value="542422"/>
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        <balance>75631.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2532168.69000000</valUSD>
        <pctVal>0.004145131010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T INC COM USD1</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC COM USD1</title>
        <cusip>00206R102</cusip>
        <identifiers>
          <ticker value="T"/>
          <other otherDesc="Internal Identifier" value="1918"/>
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        <balance>2000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58300000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Googl 7.5% Eln Issued By Citigroup Global Markets Inc 7.500% ELN 03/19/2021</name>
        <lei>MBNUM2BPBDO7JBLYG310</lei>
        <title>Googl 7.5% Eln Issued By Citigroup Global Markets Inc 7.500% ELN 03/19/2021</title>
        <cusip>17327U798</cusip>
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          <other otherDesc="Internal Identifier" value="1050492"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>314829161.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co 3.4% 07/26/2029 144A</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co 3.4% 07/26/2029 144A</title>
        <cusip>110122CB2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="980688"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55074823.50000000</valUSD>
        <pctVal>0.090156852378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</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>NORTONLIFELOCK INC COM USD0.01</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>NORTONLIFELOCK INC COM USD0.01</title>
        <cusip>668771108</cusip>
        <identifiers>
          <ticker value="NLOK"/>
          <other otherDesc="Internal Identifier" value="30351"/>
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        <balance>5500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102905000.00000000</valUSD>
        <pctVal>0.168454300975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tenet Healthcare Corp 4.625% 07/15/2024</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp 4.625% 07/15/2024</title>
        <cusip>88033GCS7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="920334"/>
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        <balance>95200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91154000.00000000</valUSD>
        <pctVal>0.149218049182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Owl Rock Capital Corp COM USD 1</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Owl Rock Capital Corp COM USD 1</title>
        <cusip>69121K104</cusip>
        <identifiers>
          <ticker value="ORCC"/>
          <other otherDesc="Internal Identifier" value="996082"/>
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        <balance>900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10386000.00000000</valUSD>
        <pctVal>0.017001762498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bausch Health Cos Inc 9.00% 12/15/2025 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 9.00% 12/15/2025 144A</title>
        <cusip>91911KAP7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="680151"/>
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        <balance>105000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111478500.00000000</valUSD>
        <pctVal>0.182489021828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fortive Corp 5% CNV PFD A *FTVVP*</name>
        <lei>549300MU9YQJYHDQEF63</lei>
        <title>Fortive Corp 5% CNV PFD A *FTVVP*</title>
        <cusip>34959J207</cusip>
        <identifiers>
          <ticker value="FTV"/>
          <other otherDesc="Internal Identifier" value="878935"/>
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        <balance>31266.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22503078.18000000</valUSD>
        <pctVal>0.036837280060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP 4.20% 10/29/2025</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP 4.20% 10/29/2025</title>
        <cusip>14040HBJ3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="615933"/>
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        <balance>123000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122809378.29000000</valUSD>
        <pctVal>0.201037539216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</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>BRISTOL-MYERS SQUIBB CO COM USD0.1</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>BRISTOL-MYERS SQUIBB CO COM USD0.1</title>
        <cusip>110122108</cusip>
        <identifiers>
          <ticker value="BMY"/>
          <other otherDesc="Internal Identifier" value="8104"/>
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        <balance>4350000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242469000.00000000</valUSD>
        <pctVal>0.396918963152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bausch Health Cos Inc 7% 01/15/2028 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 7% 01/15/2028 144A</title>
        <cusip>071734AD9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="981219"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41702000.00000000</valUSD>
        <pctVal>0.068265694176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED TECHNOLOGIES CORP 3.125% 05/04/2027</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>UNITED TECHNOLOGIES CORP 3.125% 05/04/2027</title>
        <cusip>913017CR8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="669404"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40937006.80000000</valUSD>
        <pctVal>0.067013409110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RIO TINTO PLC SPONSORED ADR</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC SPONSORED ADR</title>
        <cusip>767204100</cusip>
        <identifiers>
          <ticker value="RIO"/>
          <other otherDesc="Internal Identifier" value="15985"/>
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        <balance>9650000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>439654000.00000000</valUSD>
        <pctVal>0.719708539342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DAVITA INC 5.00% 05/01/2025</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DAVITA INC 5.00% 05/01/2025</title>
        <cusip>23918KAR9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="601829"/>
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        <balance>129500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130140377.50000000</valUSD>
        <pctVal>0.213038300572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHEA HOMES LP / SHEA HOMES FUNDING CORP 5.875% 04/01/2023 144A</name>
        <lei>N/A</lei>
        <title>SHEA HOMES LP / SHEA HOMES FUNDING CORP 5.875% 04/01/2023 144A</title>
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        <name>ASTRAZENECA PLC 2.375% 06/12/2022</name>
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        <name>CITIGROUP INC 3.50% 05/15/2023</name>
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        <name>AMZN 8.00% ELN Issued by Citigroup Global Markets Holdings Inc 8.00% ELN 11/19/2020</name>
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        <name>IRON MOUNTAIN INC 5.75% 08/15/2024</name>
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        <name>POST HOLDINGS INC 5.00% 08/15/2026 144A</name>
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        <name>HERTZ CORP 6.25% 10/15/2022</name>
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        <name>IRON MOUNTAIN INC 4.875% 09/15/2027 144A</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC 4.875% 09/15/2027 144A</title>
        <cusip>46284VAC5</cusip>
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        <name>PFIZER INC COM USD.05</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <name>WYNN LAS VEGAS LLC/CAPITAL CORP 4.25% 05/30/2023 144A</name>
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        <name>MYLAN NV 3.95% 06/15/2026</name>
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        <name>JPMORGAN CHASE &amp; CO COM USD1</name>
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        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <name>EQUINIX INC 5.375% 05/15/2027</name>
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        <name>UNITED PARCEL SERVICE INC COM B USD.01</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE INC COM B USD.01</title>
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        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>United States Treasury Note/Bond 2.75% 05/31/2023</name>
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        <name>Mauser Packaging Solutions Holding Co 7.25% 04/15/2025 144A</name>
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        <name>F 12% ELN ISSUED BY SOCIETE GENERALE 12% ELN 2/23/2021</name>
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        <name>SCHLUMBERGER LTD ORD USD0.01</name>
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        <name>Ford Motor Credit Co LLC 5.113% 05/03/2029</name>
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        <name>DOMINION ENERGY INC COM USD NPV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MCDONALD'S CORP COM USD.01</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMZN 7.5% ELN Issued by Goldman Sachs International 7.5% ELN 1/11/2021</name>
        <lei>W22LROWP2IHZNBB6K528</lei>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FREEPORT-MCMORAN INC 3.875% 03/15/2023</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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        <cusip>35671DAZ8</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DUKE ENERGY CORP COM USD.001</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>PHILIP MORRIS INTERNATIONAL INC COM USD NPV</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTERNATIONAL INC COM USD NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SPRINT COMMUNICATIONS INC 11.50% 11/15/2021</name>
        <lei>549300JKU50UT08ZWD77</lei>
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        <cusip>852061AM2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems Inc 8% 12/15/2027 144A</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc 8% 12/15/2027 144A</title>
        <cusip>12543DBD1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ABBV 9.0% ELN Issued by Royal Bank of Canada 9.0% ELN 2/2/2021</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <cusip>78013P774</cusip>
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        <assetCat>EP</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 8.25%</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 8.25%</title>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Chesapeake Energy Corp 7% 10/01/2024</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Chesapeake Energy Corp 7% 10/01/2024</title>
        <cusip>165167DA2</cusip>
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          <other otherDesc="Internal Identifier" value="939653"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP INC COM USD0.01</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC COM USD0.01</title>
        <cusip>172967424</cusip>
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          <other otherDesc="Internal Identifier" value="4476"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WFC 8.0% ELN Issued by Credit Suisse AG, London Branch 8% ELN 11/30/2020</name>
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        <name>IP 9.0% ELN Issued by Barclays Bank PLC 9.0% ELN 9/17/2020</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIRIUS XM RADIO INC 4.625% 05/15/2023 144A</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
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        <name>NVDA 10% ELN ISSUED BY JPMORGAN CHASE BANK, NATIONAL ASSOCIATION NVDA 10% ELN 7/28/2020</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HCA INC 5.00% 03/15/2024</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
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        <cusip>404119BN8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Mauser Packaging Solutions Holding Co 5.50% 04/15/2024 144A</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co 5.50% 04/15/2024 144A</title>
        <cusip>12429TAD6</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <name>EXXON MOBIL CORP COM NPV</name>
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        <title>EXXON MOBIL CORP COM NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON STRIKE 135 EXPIRES 05/15/20 CALLS</title>
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        <fairValLevel>1</fairValLevel>
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        <name>GENERAL DYNAMICS CORP COM USD1</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORP COM USD1</title>
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        <name>NCR CORP 6.375% 12/15/2023</name>
        <lei>549300YKTY8JX1DV2R67</lei>
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        <cusip>62886EAS7</cusip>
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          <other otherDesc="Internal Identifier" value="580706"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TENET HEALTHCARE CORP 6.875% 11/15/2031</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP 6.875% 11/15/2031</title>
        <cusip>88033GAV2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ANALOG DEVICES INC COM USD.167</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>ANALOG DEVICES INC COM USD.167</title>
        <cusip>032654105</cusip>
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          <ticker value="ADI"/>
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        <valUSD>55583000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GOLD 10.0% ELN Issued by JPMorgan Chase Bank, National Association 10.00% ELN 2/9/2021</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
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        <name>JOHNSON &amp; JOHNSON COM USD1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HighPoint Operating Corp 7.00% 10/15/2022</name>
        <lei>XE2KCQGOGYZ847CKN141</lei>
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        <cusip>06846NAD6</cusip>
        <identifiers>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Matador Resources Co 5.875% 09/15/2026</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Co 5.875% 09/15/2026</title>
        <cusip>576485AE6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="950216"/>
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        <balance>6100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1752072.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Delta Air Lines Inc 3.75% 10/28/2029</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines Inc 3.75% 10/28/2029</title>
        <cusip>247361ZT8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1050854"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8105340.70000000</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>2029-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIGROUP INC 5.35% 11/15/2168 PERP</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC 5.35% 11/15/2168 PERP</title>
        <cusip>172967GR6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="568366"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNILEVER PLC ORD GBP.0311</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD GBP.0311</title>
        <cusip>G92087165</cusip>
        <identifiers>
          <ticker value="ULVR"/>
          <other otherDesc="Internal Identifier" value="3019"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co 4.25% 10/26/2049 144A</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co 4.25% 10/26/2049 144A</title>
        <cusip>110122CD8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="980833"/>
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        <balance>23400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29457740.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-26</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS INSTRUMENTS INC COM USD1</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TEXAS INSTRUMENTS INC COM USD1</title>
        <cusip>882508104</cusip>
        <identifiers>
          <ticker value="TXN"/>
          <other otherDesc="Internal Identifier" value="5041"/>
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        <balance>2764000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276206520.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO 6.1% 04/01/2169 PERP</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 6.1% 04/01/2169 PERP</title>
        <cusip>48126HAC4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="587792"/>
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        <balance>80000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81575600.00000000</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>N/A</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SP 5.152% 09/20/2029 144A</name>
        <lei>N/A</lei>
        <title>SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SP 5.152% 09/20/2029 144A</title>
        <cusip>85208NAE0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686665"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15200000</annualizedRt>
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        <name>GOVT NATL MORTG ASSN 4% 01/20/2050 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GOVT NATL MORTG ASSN 4% 01/20/2050 SF2</title>
        <cusip>36179VDQ0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1038494"/>
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        <curCd>USD</curCd>
        <valUSD>190127839.39000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEXTERA ENERGY INC 5.279% CNV PFD *NEE-PP*</name>
        <lei>N/A</lei>
        <title>NEXTERA ENERGY INC 5.279% CNV PFD *NEE-PP*</title>
        <cusip>65339F770</cusip>
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          <ticker value="NEE"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 5.50% 04/15/2025 144A</name>
        <lei>N/A</lei>
        <title>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 5.50% 04/15/2025 144A</title>
        <cusip>561233AC1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="601453"/>
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        <curCd>USD</curCd>
        <valUSD>23142000.00000000</valUSD>
        <pctVal>0.037883187728</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Dell International LLC / EMC Corp 4.9% 10/01/2026 144A</name>
        <lei>N/A</lei>
        <title>Dell International LLC / EMC Corp 4.9% 10/01/2026 144A</title>
        <cusip>24703DAZ4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="966807"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29949326.40000000</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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912828WE6</cusip>
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          <other otherDesc="Internal Identifier" value="912828WE6"/>
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        <balance>958031.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>958031.00000000</valUSD>
        <pctVal>0.001568285723</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES INC"/>
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          <maturityDt>2020-04-01</maturityDt>
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              <invstCat>UST</invstCat>
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      <invstOrSec>
        <name>United Technologies Corp 3.95% 08/16/2025</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>United Technologies Corp 3.95% 08/16/2025</title>
        <cusip>913017DD8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="923653"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21924341.60000000</valUSD>
        <pctVal>0.035889894937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALPINE CORP 5.75% 01/15/2025</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE TELEKOM AG ORD REGD NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BCE INC ORD CAD NPV</name>
        <lei>5493001I9203PRB5KR45</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FORD MOTOR CREDIT CO LLC 4.134% 08/04/2025</name>
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      <invstOrSec>
        <name>CALUMET SPECIALTY PRODUCTS PARTNERS LP/FINANCE C 7.75% 04/15/2023</name>
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        <cusip>131477AQ4</cusip>
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        <name>Tenet Healthcare Corp 05/01/2025</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CATERPILLAR INC COM USD1</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>CATERPILLAR INC COM USD1</title>
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          <ticker value="CAT"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>BAC 8.5% ELN Issued by Barclays Bank PLC 8.5% ELN 11/25/2020</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>BAC 8.5% ELN Issued by Barclays Bank PLC 8.5% ELN 11/25/2020</title>
        <cusip>06747D130</cusip>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bausch Health Americas Inc 8.5% 01/31/2027 144A</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas Inc 8.5% 01/31/2027 144A</title>
        <cusip>91911XAW4</cusip>
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        <name>UNITED RENTALS NORTH AMERICA INC 4.875% 01/15/2028</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>UNITED RENTALS NORTH AMERICA INC 4.875% 01/15/2028</title>
        <cusip>911365BG8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVS HEALTH CORP 5.05% 03/25/2048</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP 5.05% 03/25/2048</title>
        <cusip>126650CZ1</cusip>
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        <name>FANNIE MAE 4% 01/01/2050 FNL</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FANNIE MAE 4% 01/01/2050 FNL</title>
        <cusip>31418DKV3</cusip>
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        <name>AMC ENTERTAINMENT HOLDINGS INC 5.875% 11/15/2026</name>
        <lei>549300ZO77UNR6NRBR11</lei>
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        <cusip>00165CAB0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T INC 4.125% 02/17/2026</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HD 7.00% ELN ISSUED BY BNP PARIBAS ISSUANCE BV 7.00% ELN 2/16/2021</name>
        <lei>7245009UXRIGIRYOBR48</lei>
        <title>HD 7.00% ELN ISSUED BY BNP PARIBAS ISSUANCE BV 7.00% ELN 2/16/2021</title>
        <cusip>N144Q9QX4</cusip>
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          <other otherDesc="Internal Identifier" value="1037376"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC 6.30% 11/15/2168 PERP</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC 6.30% 11/15/2168 PERP</title>
        <cusip>172967HQ7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="575428"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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          <annualizedRt>6.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS HEALTH CORP 4.10% 03/25/2025</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP 4.10% 03/25/2025</title>
        <cusip>126650CW8</cusip>
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          <other otherDesc="Internal Identifier" value="686101"/>
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        <balance>50000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52712812.50000000</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>2025-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</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>
      <invstOrSec>
        <name>Truist Financial Corp COM USD5</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp COM USD5</title>
        <cusip>89832Q109</cusip>
        <identifiers>
          <ticker value="TFC"/>
          <other otherDesc="Internal Identifier" value="63877"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215880000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC 2.625% 08/15/2026</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC 2.625% 08/15/2026</title>
        <cusip>92343VDD3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="641550"/>
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        <balance>5800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6003624.60000000</valUSD>
        <pctVal>0.009827864392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTC 8.5% ELN Issued by Morgan Stanley Finance LLC 8.5% ELN 7/30/2020</name>
        <lei>5493003FCPSE9RKT4B56</lei>
        <title>INTC 8.5% ELN Issued by Morgan Stanley Finance LLC 8.5% ELN 7/30/2020</title>
        <cusip>61769Q493</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998742"/>
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        <balance>7300000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>370461334.40000000</valUSD>
        <pctVal>0.606440941885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Syngenta Finance NV 5.182% 04/24/2028 144A</name>
        <lei>54930042S3BYCEGOCN86</lei>
        <title>Syngenta Finance NV 5.182% 04/24/2028 144A</title>
        <cusip>87164KAC8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="870666"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17117420.20000000</valUSD>
        <pctVal>0.028021019914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASTRAZENECA PLC 2.375% 11/16/2020</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC 2.375% 11/16/2020</title>
        <cusip>046353AK4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="630191"/>
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        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24941878.75000000</valUSD>
        <pctVal>0.040829568532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA GROUP HOLDING LTD 3.40% 12/06/2027</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING LTD 3.40% 12/06/2027</title>
        <cusip>01609WAT9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="679826"/>
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        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52579751.50000000</valUSD>
        <pctVal>0.086072448223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS HEALTH CORP COM USD1</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP COM USD1</title>
        <cusip>126650100</cusip>
        <identifiers>
          <ticker value="CVS"/>
          <other otherDesc="Internal Identifier" value="811"/>
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        <balance>5000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296650000.00000000</valUSD>
        <pctVal>0.485612636746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARTIN MIDSTREAM PARTNERS LP/MARTIN MIDSTREAM FI 7.25% 02/15/2021</name>
        <lei>N/A</lei>
        <title>MARTIN MIDSTREAM PARTNERS LP/MARTIN MIDSTREAM FI 7.25% 02/15/2021</title>
        <cusip>573334AD1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="554231"/>
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        <balance>12723000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6934671.15000000</valUSD>
        <pctVal>0.011351976882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BA 8.5% ELN Issued by Royal Bank of Canada 8.5% ELN 07/29/2020</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>BA 8.5% ELN Issued by Royal Bank of Canada 8.5% ELN 07/29/2020</title>
        <cusip>78013P691</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998583"/>
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        <balance>847000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138281983.15000000</valUSD>
        <pctVal>0.226366015344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NCR CORP 5.00% 07/15/2022</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR CORP 5.00% 07/15/2022</title>
        <cusip>62886EAJ7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="555644"/>
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        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33031250.00000000</valUSD>
        <pctVal>0.054071776192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BMY 8.50% ELN ISSUED BY CREDIT SUISSE AG, LONDON 8.50% ELN 5/1/2020</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>BMY 8.50% ELN ISSUED BY CREDIT SUISSE AG, LONDON 8.50% ELN 5/1/2020</title>
        <cusip>22550T203</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="977529"/>
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        <balance>5405000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>275906635.18000000</valUSD>
        <pctVal>0.451655987208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Diamond Sports Group LLC 6.5% 08/24/2026 Term Loan</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC 6.5% 08/24/2026 Term Loan</title>
        <cusip>25277BAB4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998576"/>
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        <balance>24875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19526875.00000000</valUSD>
        <pctVal>0.031965269698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.18000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPRINT COMMUNICATIONS INC 6.00% 11/15/2022</name>
        <lei>549300JKU50UT08ZWD77</lei>
        <title>SPRINT COMMUNICATIONS INC 6.00% 11/15/2022</title>
        <cusip>852061AS9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="535619"/>
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        <balance>367700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>384592138.00000000</valUSD>
        <pctVal>0.629572904790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 5.625% 10/15/2023 144A</name>
        <lei>N/A</lei>
        <title>MALLINCKRODT INTERNATIONAL FINANCE SA/CB LLC 5.625% 10/15/2023 144A</title>
        <cusip>561233AD9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="616581"/>
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        <balance>232950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59692272.75000000</valUSD>
        <pctVal>0.097715563672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO &amp; CO 5.90% 12/15/2168 PERP</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; CO 5.90% 12/15/2168 PERP</title>
        <cusip>949746RG8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="574881"/>
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        <balance>125000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122938125.00000000</valUSD>
        <pctVal>0.201248296099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENET HEALTHCARE CORP 8.125% 04/01/2022</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP 8.125% 04/01/2022</title>
        <cusip>88033GCE8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="562555"/>
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        <balance>902911000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>858072439.74000000</valUSD>
        <pctVal>1.404654710875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GILD 9.0% ELN Issued by Merrill Lynch International &amp; Co. C.V. 9.0% ELN 12/30/2020</name>
        <lei>AHYI0DDQ2LCHPGHJC422</lei>
        <title>GILD 9.0% ELN Issued by Merrill Lynch International &amp; Co. C.V. 9.0% ELN 12/30/2020</title>
        <cusip>59027A748</cusip>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC 3.50% 11/01/2024</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <cusip>92343VCR3</cusip>
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          <other otherDesc="Internal Identifier" value="614319"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CHESAPEAKE ENERGY CORP 5.00% 09/20/2020 CDS</title>
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          <other otherDesc="Internal Sec ID" value="695075"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>CITIBANK NA</counterpartyName>
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      <invstOrSec>
        <name>DuPont de Nemours Inc 4.493% 11/15/2025</name>
        <lei>5493004JF0SDFLM8GD76</lei>
        <title>DuPont de Nemours Inc 4.493% 11/15/2025</title>
        <cusip>26078JAC4</cusip>
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          <other otherDesc="Internal Identifier" value="942812"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43091511.60000000</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>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.49300000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PROCTER &amp; GAMBLE CO STRIKE 125 EXPIRES 06/19/20 CALLS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="PG 6 C125"/>
          <other otherDesc="Internal Identifier" value="1058302"/>
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        <balance>-15000.0000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2620000.00000000</valUSD>
        <pctVal>-0.00428890985</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>RBC Capital Markets LLC</counterpartyName>
              <counterpartyLei>549300LCO2FLSSVFFR64</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>PROCTER &amp; GAMBLE CO STRIKE 125 EXPIRES 06/19/20 CALLS</issuerName>
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                  <cusip value="742718109"/>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>United States Treasury Note/Bond 2.625% 06/15/2021</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond 2.625% 06/15/2021</title>
        <cusip>9128284T4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="877142"/>
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        <balance>500000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515136720.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>BAT Capital Corp 3.222% 08/15/2024</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp 3.222% 08/15/2024</title>
        <cusip>05526DAZ8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="946368"/>
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        <balance>88500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89063531.72000000</valUSD>
        <pctVal>0.145795976660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.22200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO 6.125% 10/30/2168 PERP</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 6.125% 10/30/2168 PERP</title>
        <cusip>46625HJW1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="572321"/>
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        <balance>60000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57041700.00000000</valUSD>
        <pctVal>0.093376606578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ASHTEAD CAPITAL INC 4.375% 08/15/2027 144A</name>
        <lei>213800J1134IW58IC398</lei>
        <title>ASHTEAD CAPITAL INC 4.375% 08/15/2027 144A</title>
        <cusip>045054AF0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="671485"/>
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        <balance>34500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31998750.00000000</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>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MSFT 8.0% ELN Issued By Citigroup Global Markets Inc 8.0% ELN 4/12/2021</name>
        <lei>82VOJDD5PTRDMVVMGV31</lei>
        <title>MSFT 8.0% ELN Issued By Citigroup Global Markets Inc 8.0% ELN 4/12/2021</title>
        <cusip>17327U467</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1057713"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340554438.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 07/15/2023 144A</name>
        <lei>N/A</lei>
        <title>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 07/15/2023 144A</title>
        <cusip>29273EAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="607357"/>
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        <balance>149525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109429871.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DISH DBS CORP 5.00% 03/15/2023</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP 5.00% 03/15/2023</title>
        <cusip>25470XAL9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="547328"/>
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        <balance>300000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290256000.00000000</valUSD>
        <pctVal>0.475145732315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 INDEX STRIKE 2900 EXPIRES 09/18/20 PUTS</title>
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          <ticker value="SPX 9 P2900"/>
          <other otherDesc="Internal Identifier" value="1043294"/>
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        <curCd>USD</curCd>
        <valUSD>-416000000.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Credit Suisse Securities (Europe) Ltd.</counterpartyName>
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      <invstOrSec>
        <name>THE WILLIAMS COS INC COM USD1</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>THE WILLIAMS COS INC COM USD1</title>
        <cusip>969457100</cusip>
        <identifiers>
          <ticker value="WMB"/>
          <other otherDesc="Internal Identifier" value="26547"/>
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        <curCd>USD</curCd>
        <valUSD>237687455.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>24 HOUR FITNESS WORLDWIDE INC 6.50% 05/30/2025 Term Loan</name>
        <lei>N/A</lei>
        <title>24 HOUR FITNESS WORLDWIDE INC 6.50% 05/30/2025 Term Loan</title>
        <cusip>90187DAP2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="875621"/>
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        <balance>96190533.15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24047633.29000000</valUSD>
        <pctVal>0.039365699003</pctVal>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>ALLERGAN FUNDING SCS 3.80% 03/15/2025</name>
        <lei>222100FLFVOSKCBCAR54</lei>
        <title>ALLERGAN FUNDING SCS 3.80% 03/15/2025</title>
        <cusip>00507UAS0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="598677"/>
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        <curCd>USD</curCd>
        <valUSD>102577397.00000000</valUSD>
        <pctVal>0.167918018633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>Cigna Corp 4.125% 11/15/2025</name>
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        <name>TENET HEALTHCARE CORP 6.75% 06/15/2023</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Cleveland-cliffs Inc 6.75% 03/15/2026 144A</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <cusip>185899AG6</cusip>
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          <other otherDesc="Internal Identifier" value="1050148"/>
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        <balance>40000000.00000000</balance>
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        <name>NETFLIX INC 5.875% 11/15/2028</name>
        <lei>549300Y7VHGU0I7CE873</lei>
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        <cusip>64110LAT3</cusip>
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          <other otherDesc="Internal Identifier" value="978722"/>
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        <name>N/A</name>
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          <ticker value="SPX 9 P3350"/>
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      <invstOrSec>
        <name>GOVT NATL MORTG ASSN 3.5% 01/20/2050 SF2</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <cusip>36179VDP2</cusip>
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          <other otherDesc="Internal Identifier" value="1038499"/>
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        <issuerCat>USGA</issuerCat>
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          <maturityDt>2050-01-20</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PHILIP MORRIS INTERNATIONAL INC STRIKE 80 EXPIRES 05/15/20 CALLS</title>
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          <ticker value="PM 5 C80"/>
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        <name>UNITED STATES TREASURY NOTE/BOND 2.375% 03/15/2021</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TREASURY NOTE/BOND 2.375% 03/15/2021</title>
        <cusip>9128284B3</cusip>
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          <other otherDesc="Internal Identifier" value="687059"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMMSCOPE INC 5.50% 06/15/2024 144A</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>COMMSCOPE INC 5.50% 06/15/2024 144A</title>
        <cusip>203372AM9</cusip>
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          <other otherDesc="Internal Identifier" value="576792"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>ROYAL DUTCH SHELL PLC SPONSORED ADR A</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>ROYAL DUTCH SHELL PLC SPONSORED ADR A</title>
        <cusip>780259206</cusip>
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          <ticker value="RDS/A"/>
          <other otherDesc="Internal Identifier" value="339933"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HighPoint Operating Corp 8.75% 06/15/2025</name>
        <lei>XE2KCQGOGYZ847CKN141</lei>
        <title>HighPoint Operating Corp 8.75% 06/15/2025</title>
        <cusip>06846NAF1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="670769"/>
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        <balance>175845000.00000000</balance>
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        <valUSD>82647150.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <name>UNITED TECHNOLOGIES CORP COM USD1</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>UNITED TECHNOLOGIES CORP COM USD1</title>
        <cusip>913017109</cusip>
        <identifiers>
          <ticker value="UTX"/>
          <other otherDesc="Internal Identifier" value="4842"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>282990000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>ALPHABET INC STRIKE 1300 EXPIRES 05/15/20 CALLS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="GOOGL 5 C1300"/>
          <other otherDesc="Internal Identifier" value="1057812"/>
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        <balance>-2500.00000000</balance>
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        <valUSD>-4500000.00000000</valUSD>
        <pctVal>-0.00736644822</pctVal>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>SeaPort Global Securities LLC</counterpartyName>
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                  <cusip value="02079K305"/>
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            <shareNo>100.00000000</shareNo>
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            <unrealizedAppr>-1504913.31000000</unrealizedAppr>
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      <invstOrSec>
        <name>Walmart Inc 3.4% 06/26/2023</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart Inc 3.4% 06/26/2023</title>
        <cusip>931142EK5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="878476"/>
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        <balance>40000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42618015.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</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>CCO HOLDINGS LLC/CAPITAL CORP 5.125% 05/01/2027 144A</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC/CAPITAL CORP 5.125% 05/01/2027 144A</title>
        <cusip>1248EPBT9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="658135"/>
        </identifiers>
        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40480800.00000000</valUSD>
        <pctVal>0.066266603828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>Walmart Inc 3.55% 06/26/2025</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart Inc 3.55% 06/26/2025</title>
        <cusip>931142ED1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="878490"/>
        </identifiers>
        <balance>45000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49214924.55000000</valUSD>
        <pctVal>0.080564265221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</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>BANK OF AMERICA CORP 5.20% 12/1/2168 PERP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP 5.20% 12/1/2168 PERP</title>
        <cusip>060505ED2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="568393"/>
        </identifiers>
        <balance>75000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71963250.00000000</valUSD>
        <pctVal>0.117803012241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.20000000</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>CHS/Community Health Systems Inc 6.875% 04/01/2028 144A</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc 6.875% 04/01/2028 144A</title>
        <cusip>12543DBE9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1024439"/>
        </identifiers>
        <balance>1400000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>567000000.00000000</valUSD>
        <pctVal>0.928172476099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>CALPINE CORP 5.50% 02/01/2024</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>CALPINE CORP 5.50% 02/01/2024</title>
        <cusip>131347CJ3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="596617"/>
        </identifiers>
        <balance>186500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178568155.00000000</valUSD>
        <pctVal>0.292314015130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CEMEX SAB DE CV 5.70% 01/11/2025 144A</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>CEMEX SAB DE CV 5.70% 01/11/2025 144A</title>
        <cusip>151290BM4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="585621"/>
        </identifiers>
        <balance>65000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55411200.00000000</valUSD>
        <pctVal>0.090707496838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>UNITED STATES TREASURY NOTE/BOND 7.50% 11/15/2024</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TREASURY NOTE/BOND 7.50% 11/15/2024</title>
        <cusip>912810ES3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="64005"/>
        </identifiers>
        <balance>350000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>464201171.00000000</valUSD>
        <pctVal>0.759891975829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHABET INC COM USD.001 CL A</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC COM USD.001 CL A</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <ticker value="GOOGL"/>
          <other otherDesc="Internal Identifier" value="614214"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>290487500.00000000</valUSD>
        <pctVal>0.475524695151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co/The 6.75% CNV PFD 2019 *SOUEU*</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The 6.75% CNV PFD 2019 *SOUEU*</title>
        <cusip>842587602</cusip>
        <identifiers>
          <ticker value="SO"/>
          <other otherDesc="Internal Identifier" value="1003211"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71040000.00000000</valUSD>
        <pctVal>0.116291662614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fb 9.0% Eln Issued By Goldman Sachs International 9.0% ELN 3/26/2021</name>
        <lei>W22LROWP2IHZNBB6K528</lei>
        <title>Fb 9.0% Eln Issued By Goldman Sachs International 9.0% ELN 3/26/2021</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS1269133978"/>
          <other otherDesc="Internal Identifier" value="1055356"/>
        </identifiers>
        <balance>2590000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>425053123.25000000</valUSD>
        <pctVal>0.695807072100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allison Transmission Inc 5.875% 06/01/2029 144A</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission Inc 5.875% 06/01/2029 144A</title>
        <cusip>019736AF4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="971857"/>
        </identifiers>
        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24674187.50000000</valUSD>
        <pctVal>0.040391361036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>JPMORGAN CHASE &amp; CO 6.75% 08/01/2168  PERP</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 6.75% 08/01/2168  PERP</title>
        <cusip>46625HJQ4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="568600"/>
        </identifiers>
        <balance>100000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104569500.00000000</valUSD>
        <pctVal>0.171179068323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</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>DTE ENERGY CO COM NPV</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE ENERGY CO COM NPV</title>
        <cusip>233331107</cusip>
        <identifiers>
          <ticker value="DTE"/>
          <other otherDesc="Internal Identifier" value="42192"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94970000.00000000</valUSD>
        <pctVal>0.155464797275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Cos Inc 5.875% 05/15/2023 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 5.875% 05/15/2023 144A</title>
        <cusip>91831AAB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="599699"/>
        </identifiers>
        <balance>54822000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54376571.25000000</valUSD>
        <pctVal>0.089013821479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>Calumet Specialty Products Partners LP / Calumet Finance Corp 11% 04/15/2025 144A</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP / Calumet Finance Corp 11% 04/15/2025 144A</title>
        <cusip>131477AT8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1013071"/>
        </identifiers>
        <balance>290380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211344371.60000000</valUSD>
        <pctVal>0.345968304581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</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>CCO HOLDINGS LLC/CAPITAL CORP 5.50% 05/01/2026 144A</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC/CAPITAL CORP 5.50% 05/01/2026 144A</title>
        <cusip>1248EPBR3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="631502"/>
        </identifiers>
        <balance>45000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45880537.50000000</valUSD>
        <pctVal>0.075105911986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
