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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energizer Holdings, Inc.</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>14376560.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Midcontinent Communications</name>
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        <title>Midcontinent Communications</title>
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          <isin value="US59565XAC48"/>
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        <curCd>USD</curCd>
        <valUSD>4697830.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
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          <isin value="US36485MAK53"/>
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        <balance>9805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9584387.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>5325895.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
        <title>DISH DBS Corp.</title>
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          <isin value="US25470XAW56"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Hercules Achievement, Inc.</name>
        <lei>549300YOKDS0ZSYJRX81</lei>
        <title>Hercules Achievement, Inc., 1st Lien Term Loan</title>
        <cusip>42703UAG0</cusip>
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          <isin value="US42703UAG04"/>
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        <balance>12614845.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12378317.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50000000</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>
        <name>CVR Partners LP</name>
        <lei>N/A</lei>
        <title>CVR Partners LP</title>
        <cusip>12663QAC9</cusip>
        <identifiers>
          <isin value="US12663QAC96"/>
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        <balance>6512000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6757502.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Encino Acquisition Partners Holdings LLC</name>
        <lei>549300BUKUEKT2UE4T49</lei>
        <title>Encino Acquisition Partners Holdings LLC</title>
        <cusip>29254BAA5</cusip>
        <identifiers>
          <isin value="US29254BAA52"/>
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        <balance>12505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12598787.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Plantronics, Inc.</name>
        <lei>5493006O3W5M472F6668</lei>
        <title>Plantronics, Inc.</title>
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        <balance>6002000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5406481.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
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        <name>Neiman Marcus Group Restricted Equity</name>
        <lei>N/A</lei>
        <title>Neiman Marcus Group Restricted Equity</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="99TEAC9X7"/>
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        <balance>5635.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>850885.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Gulfport Energy Operating Corp.</name>
        <lei>549300FJX18IDUFPHD40</lei>
        <title>Gulfport Energy Operating Corp., Escrow</title>
        <cusip>402ESCAS6</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="4G3655B"/>
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        <balance>1796000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85310.00000000</valUSD>
        <pctVal>0.001387522067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>Y</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP</title>
        <cusip>37185LAK8</cusip>
        <identifiers>
          <isin value="US37185LAK89"/>
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        <balance>5665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5456216.43000000</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>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599EF8</cusip>
        <identifiers>
          <isin value="US674599EF81"/>
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        <balance>7391000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8612732.30000000</valUSD>
        <pctVal>0.140081539442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nabors Industries Ltd.</name>
        <lei>N/A</lei>
        <title>Nabors Industries Ltd.</title>
        <cusip>629571AA8</cusip>
        <identifiers>
          <isin value="US629571AA86"/>
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        <balance>2825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2429500.00000000</valUSD>
        <pctVal>0.039514533625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <name>DCP Midstream Operating LP</name>
        <lei>549300Y6CTBSE0QIPL28</lei>
        <title>DCP Midstream Operating LP</title>
        <cusip>23311RAA4</cusip>
        <identifiers>
          <isin value="US23311RAA41"/>
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        <balance>6546000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8640720.00000000</valUSD>
        <pctVal>0.140536744593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>Bath &amp; Body Works, Inc.</title>
        <cusip>501797AU8</cusip>
        <identifiers>
          <isin value="US501797AU81"/>
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        <balance>202000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245430.00000000</valUSD>
        <pctVal>0.003991789251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</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>Allied Universal Holdco LLC</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC</title>
        <cusip>019576AB3</cusip>
        <identifiers>
          <isin value="US019576AB35"/>
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        <balance>2905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3042987.50000000</valUSD>
        <pctVal>0.049492583614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Scripps Escrow II, Inc.</name>
        <lei>N/A</lei>
        <title>Scripps Escrow II, Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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          <isin value="US71376LAE02"/>
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        <curCd>USD</curCd>
        <valUSD>7592466.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Chukchansi Economic Development Authority</name>
        <lei>5493004YGQX08T1Y2F88</lei>
        <title>Chukchansi Economic Development Authority</title>
        <cusip>171276AP3</cusip>
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          <isin value="US171276AP31"/>
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        <balance>3866861.94440000</balance>
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        <curCd>USD</curCd>
        <valUSD>3673518.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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          <isin value="US911365BL76"/>
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        <balance>7520000.00000000</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>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
        <cusip>87470LAG6</cusip>
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          <isin value="US87470LAG68"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1793750.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599EE1</cusip>
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          <isin value="US674599EE17"/>
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        <balance>6186000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6614133.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
        <cusip>26885BAB6</cusip>
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          <isin value="US26885BAB62"/>
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        <balance>2075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2070507.63000000</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>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APi Escrow Corp.</name>
        <lei>N/A</lei>
        <title>APi Escrow Corp.</title>
        <cusip>00185PAA9</cusip>
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          <isin value="US00185PAA93"/>
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        <balance>3913000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3961912.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Kennedy-Wilson, Inc.</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
        <title>Kennedy-Wilson, Inc.</title>
        <cusip>489399AL9</cusip>
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          <isin value="US489399AL90"/>
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        <balance>3667000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3716871.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>NCR Corp.</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR Corp.</title>
        <cusip>62886EAY4</cusip>
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          <isin value="US62886EAY41"/>
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        <balance>4220000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <balance>17731000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Titan Acquisition Ltd.</name>
        <lei>N/A</lei>
        <title>Titan Acquisition Ltd., 1st Lien Term Loan B</title>
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          <isin value="XAC8856UAB44"/>
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        <balance>5057249.75000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-28</maturityDt>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
        <cusip>26885BAF7</cusip>
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          <isin value="US26885BAF76"/>
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        <balance>11608000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
        <cusip>737446AP9</cusip>
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        <balance>5103000.00000000</balance>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>Asbury Automotive Group, Inc.</title>
        <cusip>043436AW4</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Hertz Corp.</name>
        <lei>N/A</lei>
        <title>Hertz Corp., Escrow</title>
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          <other otherDesc="Inhouse Sedol" value="5G4443B"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
        <cusip>26885BAL4</cusip>
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          <isin value="US26885BAL45"/>
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        <balance>8593000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8678930.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IRB Holding Corp.</name>
        <lei>549300HVW4WNWYBXN830</lei>
        <title>IRB Holding Corp.</title>
        <cusip>44988MAC9</cusip>
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          <isin value="US44988MAC91"/>
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        <balance>3835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4049395.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Spirit Aerosystems, Inc.</name>
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          <isin value="US84857HAW07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-15</maturityDt>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>U.S. Renal Care, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-26</maturityDt>
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        <name>Central Garden &amp; Pet Co.</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>Central Garden &amp; Pet Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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        <name>Whiting Petroleum Corp.</name>
        <lei>52990028CHK9KUB1B293</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
        <title>Sunoco LP</title>
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          <isin value="US86765LAU17"/>
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        <balance>11663000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Hologic, Inc.</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>Hologic, Inc.</title>
        <cusip>436440AP6</cusip>
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          <isin value="US436440AP62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>Allison Transmission, Inc.</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission, Inc.</title>
        <cusip>019736AG2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GCI LLC</name>
        <lei>549300N3IE9H88Q20221</lei>
        <title>GCI LLC</title>
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        <balance>10787000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAN1</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Albertsons Cos., Inc.</title>
        <cusip>013092AC5</cusip>
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          <isin value="US013092AC57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>Asbury Automotive Group, Inc.</title>
        <cusip>043436AV6</cusip>
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          <isin value="US043436AV64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Adient US LLC</name>
        <lei>213800SOTRCDGZUHL712</lei>
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        <cusip>00688JAB3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing, Inc.</title>
        <cusip>02406PAU4</cusip>
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          <isin value="US02406PAU49"/>
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        <balance>9063000.00000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
        <cusip>845467AP4</cusip>
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          <isin value="US845467AP47"/>
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        <balance>10708000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11797110.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ardagh Packaging Finance plc</name>
        <lei>N/A</lei>
        <title>Ardagh Packaging Finance plc</title>
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        <name>Parexel International Corp.</name>
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      <invstOrSec>
        <name>Thyssenkrupp Elevator</name>
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      <invstOrSec>
        <name>Prime Security Services Borrower LLC</name>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
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        <name>Edgewell Personal Care Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <name>Carpenter Technology Corp.</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Chesapeake Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
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        <assetCat>EC</assetCat>
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        <name>Altice France SA</name>
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        <name>Sabre GLBL, Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
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        <name>Avis Budget Car Rental LLC</name>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <name>Scientific Games Corp.</name>
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        <name>Ahead DB Holdings LLC</name>
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        <name>Dornoch Debt Merger Sub, Inc.</name>
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        <name>Wynn Resorts Finance LLC</name>
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        <title>Wynn Resorts Finance LLC</title>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILFC E-Capital Trust II</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tempur Sealy International, Inc.</name>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <name>Blue Racer Midstream LLC</name>
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          <maturityDt>2025-12-15</maturityDt>
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        <name>Switch Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triton Water Holdings, Inc.</name>
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      <invstOrSec>
        <name>Centene Corp.</name>
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        <name>Antero Midstream Partners LP</name>
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        <name>MYT Holding Co.</name>
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        <name>CommScope Technologies LLC</name>
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        <name>Intelsat Jackson Holdings SA</name>
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        <name>Carnival Corp.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>NCR Corp.</name>
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        <name>CommScope, Inc.</name>
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        <name>Triumph Group, Inc.</name>
        <lei>5493007L6S47Q14SL582</lei>
        <title>Triumph Group, Inc.</title>
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        <name>Buckeye Partners LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>Buckeye Partners LP</title>
        <cusip>118230AR2</cusip>
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        <name>Cincinnati Bell, Inc.</name>
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        <name>Stericycle, Inc.</name>
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        <name>Rocket Mortgage LLC</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Embarq Corp.</name>
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        <name>FGI Operating Co. LLC</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Cinemark USA, Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
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        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
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        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
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        <name>Genesis Energy LP</name>
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        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
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        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
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        <name>Freeport-McMoRan, Inc.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>NESCO Holdings II, Inc.</name>
        <lei>254900FAHT0HW9T6L409</lei>
        <title>NESCO Holdings II, Inc.</title>
        <cusip>64083YAA9</cusip>
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          <isin value="US64083YAA91"/>
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        <balance>2526000.00000000</balance>
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        <valUSD>2563132.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MGM Growth Properties Operating Partnership LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LABL, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advanced Drainage Systems, Inc.</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
        <title>Advanced Drainage Systems, Inc.</title>
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          <isin value="US00790RAA23"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-30</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>AMC Entertainment Holdings, Inc.</name>
        <lei>549300ZO77UNR6NRBR11</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc.</title>
        <cusip>22304LAA8</cusip>
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          <isin value="US22304LAA89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-15</maturityDt>
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      <invstOrSec>
        <name>Arches Buyer, Inc.</name>
        <lei>2549009ADY4208OH2Y47</lei>
        <title>Arches Buyer, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oasis Petroleum, Inc.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Gulfport Energy Operating Corp.</name>
        <lei>549300FJX18IDUFPHD40</lei>
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        <invCountry>US</invCountry>
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        <name>Oceaneering International, Inc.</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>Oceaneering International, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>AmeriGas Partners LP</name>
        <lei>N/A</lei>
        <title>AmeriGas Partners LP</title>
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          <maturityDt>2027-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Lumen Technologies, Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Technologies, Inc.</title>
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        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>Bath &amp; Body Works, Inc.</title>
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        <name>Sabre Holdings Corp.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre Holdings Corp., 1st Lien Term Loan B</title>
        <cusip>78571YBG4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Yum! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>Yum! Brands, Inc.</title>
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        <balance>9209000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <name>CD&amp;R Smokey Buyer, Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Devon Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ascend Learning LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-01</maturityDt>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>US Foods, Inc.</name>
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        <title>US Foods, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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        <name>Holly Energy Partners LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Mozart Debt Merger Sub, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp.</title>
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        <name>Altice France Holding SA</name>
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        <name>Freeport-McMoRan, Inc.</name>
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        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
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        <name>Precision Drilling Corp.</name>
        <lei>549300WF2OE8T5BP4B84</lei>
        <title>Precision Drilling Corp.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Oasis Petroleum, Inc.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>Oasis Petroleum, Inc.</title>
        <cusip>674215207</cusip>
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        <balance>245778.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Altice France Holding SA</name>
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          <isin value="US02156TAA25"/>
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        <curCd>USD</curCd>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
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          <isin value="US389375AJ52"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Petco Health &amp; Wellness Co., Inc.</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-03</maturityDt>
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      <invstOrSec>
        <name>DISH Network Corp.</name>
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        <title>DISH Network Corp.</title>
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          <isin value="US25470MAB54"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>DISH Network Corp.</name>
              <title>DISH Network Corp.</title>
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      <invstOrSec>
        <name>Intelsat Jackson Holdings SA</name>
        <lei>8XJ8KF85PBKK1TLMFN29</lei>
        <title>Intelsat Jackson Holdings SA</title>
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        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
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      <invstOrSec>
        <name>GCP Applied Technologies, Inc.</name>
        <lei>5493007G654QKQVEKV09</lei>
        <title>GCP Applied Technologies, Inc.</title>
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        <balance>8401000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Gartner, Inc.</name>
        <lei>PP55B5R38BFB8O8HH686</lei>
        <title>Gartner, Inc.</title>
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          <isin value="US366651AG25"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Madison IAQ LLC</name>
        <lei>N/A</lei>
        <title>Madison IAQ LLC, 1st Lien Term Loan</title>
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          <other otherDesc="CINS" value="55759VAB4"/>
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        <balance>7703692.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7631971.12000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-21</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
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        <balance>9222000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Cleveland-Cliffs, Inc.</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>Cleveland-Cliffs, Inc.</title>
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        <balance>7380000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>Genesis Energy LP</name>
        <lei>N/A</lei>
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        <cusip>37185LAM4</cusip>
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          <maturityDt>2027-01-15</maturityDt>
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        <name>Element Solutions, Inc.</name>
        <lei>549300FLGN6P5CU20J91</lei>
        <title>Element Solutions, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nestle Skin Health SA</name>
        <lei>254900CHQOBZNYV4DY60</lei>
        <title>Nestle Skin Health SA, Term Loan B</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Communications Holdings LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>CommScope Technologies LLC</name>
        <lei>M4TWC4QDOKW45N7T6Y12</lei>
        <title>CommScope Technologies LLC</title>
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        <balance>5000000.00000000</balance>
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        <valUSD>4489550.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NuStar Logistics LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
        <cusip>67059TAH8</cusip>
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        <balance>4295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4574175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PG&amp;E Corp.</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinseo Materials Operating SCA</name>
        <lei>N/A</lei>
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        <name>EnLink Midstream Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prime Security Services Borrower LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Liberty Interactive LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mauser Packaging Solutions Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAD8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Pactiv Evergreen Group Holdings, Inc.</name>
        <lei>5493002QNV81KCX40V06</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Lamb Weston Holdings, Inc.</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Apache Corp.</name>
        <lei>72ZZ1XRHOOU9P9X16K08</lei>
        <title>Apache Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Altice France SA</name>
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        <name>Novelis Corp.</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>Novelis Corp.</title>
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        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Partners LP</name>
        <lei>N/A</lei>
        <title>Targa Resources Partners LP</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Jazz Securities DAC</name>
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        <name>Claire's Stores, Inc.</name>
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        <name>UPC Holding BV</name>
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        <name>PetSmart, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>GFL Environmental, Inc.</name>
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        <name>WMG Acquisition Corp.</name>
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        <name>AHP Health Partners, Inc.</name>
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        <name>Sabre Holdings Corp.</name>
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        <name>Terex Corp.</name>
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        <name>Wynn Resorts Finance LLC</name>
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        <name>Apache Corp.</name>
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        <name>ams AG</name>
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        <name>Sirius XM Radio, Inc.</name>
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      <invstOrSec>
        <name>Switch Ltd.</name>
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        <name>Acadia Healthcare Co., Inc.</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>Cincinnati Bell, Inc.</name>
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        <name>Dana, Inc.</name>
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        <name>WR Grace Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tallgrass Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PGT Innovations, Inc.</name>
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        <name>CVR Partners LP</name>
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        <name>Vail Resorts, Inc.</name>
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        <name>DCP Midstream Operating LP</name>
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        <name>International Game Technology plc</name>
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        <name>DaVita, Inc.</name>
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        <name>Yum! Brands, Inc.</name>
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        <name>Exela Intermediate LLC</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Coinbase Global, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Stevens Holding Co., Inc.</name>
        <lei>N/A</lei>
        <title>Stevens Holding Co., Inc.</title>
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          <isin value="US86024TAA51"/>
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        <valUSD>1012220.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
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          <isin value="US87470LAD38"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>410025.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Precision Drilling Corp.</name>
        <lei>549300WF2OE8T5BP4B84</lei>
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          <isin value="US740212AL91"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
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          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>MGM Growth Properties Operating Partnership LP</name>
        <lei>N/A</lei>
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          <isin value="US55303XAL91"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>FGI Operating Co. LLC</name>
        <lei>N/A</lei>
        <title>FGI Operating Co. LLC, 1st Lien Term Loan</title>
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          <isin value="US30252KAF49"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2022-05-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Albertsons LP</name>
        <lei>N/A</lei>
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        <cusip>013104AF1</cusip>
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          <isin value="US013104AF19"/>
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        <balance>3725000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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          <isin value="US69346VAA70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CommScope, Inc.</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>8.25000000</annualizedRt>
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        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
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        <balance>9510000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
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        <curCd>USD</curCd>
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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>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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        <name>IQVIA, Inc.</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hertz Corp. (The)</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>Hertz Corp. (The)</title>
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        <balance>2333000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Chemours Co. (The)</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>Chemours Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Photo Holdings Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Photo Holdings Merger Sub, Inc.</title>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>TriMas Corp.</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TriMas Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Mattel, Inc.</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>Mattel, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ardagh Packaging Finance plc</name>
        <lei>N/A</lei>
        <title>Ardagh Packaging Finance plc</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Sirius XM Radio, Inc.</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio, Inc.</title>
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        <balance>862000.00000000</balance>
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        <valUSD>842105.04000000</valUSD>
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      <invstOrSec>
        <name>Targa Resources Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CNX Midstream Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baytex Energy Corp.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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        <name>Avantor Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>iHeartMedia, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hertz Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Revlon Consumer Products Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nielsen Co. Luxembourg SARL (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ascend Learning LLC</name>
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        <name>Marriott Ownership Resorts, Inc.</name>
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        <name>NCR Corp.</name>
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        <name>VICI Properties LP</name>
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        <name>Station Casinos LLC</name>
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        <name>Syneos Health, Inc.</name>
        <lei>549300F1ZGKDS8P6GU13</lei>
        <title>Syneos Health, Inc.</title>
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        <balance>2504000.00000000</balance>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Meredith Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dana, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Scripps Escrow II, Inc.</name>
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        <title>Scripps Escrow II, Inc.</title>
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          <isin value="US81105DAA37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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      <invstOrSec>
        <name>NuStar Logistics LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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      <invstOrSec>
        <name>Entegris, Inc.</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>Entegris, Inc.</title>
        <cusip>29362UAD6</cusip>
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        <balance>5146000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5107405.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bombardier, Inc.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>Bombardier, Inc.</title>
        <cusip>097751BR1</cusip>
        <identifiers>
          <isin value="US097751BR13"/>
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        <balance>11760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12201000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INEOS Quattro Finance 2 plc</name>
        <lei>213800V48W4Y5MT5Q131</lei>
        <title>INEOS Quattro Finance 2 plc</title>
        <cusip>45674GAA2</cusip>
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          <isin value="US45674GAA22"/>
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        <balance>1985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1975075.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</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>
        <name>Altice Financing SA</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>Altice Financing SA</title>
        <cusip>02154CAH6</cusip>
        <identifiers>
          <isin value="US02154CAH60"/>
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        <balance>8598000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8188864.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
        <cusip>12543DBH2</cusip>
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        <balance>5280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5491200.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119BW8</cusip>
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        <balance>7075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8304281.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC</title>
        <cusip>049362AA4</cusip>
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          <isin value="US049362AA49"/>
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        <balance>6718000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6499665.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goodman Networks, Inc.</name>
        <lei>549300UMUT10TOBP5N08</lei>
        <title>Goodman Networks, Inc.</title>
        <cusip>38239H105</cusip>
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          <isin value="US38239H1059"/>
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        <balance>300491.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.30000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Grifols Escrow Issuer SA</name>
        <lei>959800HLB3PGTGSLVV62</lei>
        <title>Grifols Escrow Issuer SA</title>
        <cusip>39843UAA0</cusip>
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          <isin value="US39843UAA07"/>
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        <balance>3155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3123450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Interface, Inc.</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface, Inc.</title>
        <cusip>458665AS5</cusip>
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          <isin value="US458665AS53"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7288750.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Archrock Partners LP</name>
        <lei>N/A</lei>
        <title>Archrock Partners LP</title>
        <cusip>03959KAA8</cusip>
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          <isin value="US03959KAA88"/>
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        <invCountry>US</invCountry>
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        <name>Lumen Technologies, Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Technologies, Inc.</title>
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        <balance>16460000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intelsat Jackson Holdings SA</name>
        <lei>8XJ8KF85PBKK1TLMFN29</lei>
        <title>Intelsat Jackson Holdings SA</title>
        <cusip>45824TBA2</cusip>
        <identifiers>
          <isin value="US45824TBA25"/>
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        <balance>40649000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20426122.50000000</valUSD>
        <pctVal>0.332220088234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
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      <invstOrSec>
        <name>Transocean Proteus Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>White Cap Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Adient US LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AppleCaramel Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-20</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <balance>4748000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Escrow II, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NMG Holding Co., Inc.</name>
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        <name>GFL Environmental, Inc.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL Environmental, Inc.</title>
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        <invCountry>CA</invCountry>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
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        <name>Goodman Networks, Inc.</name>
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        <name>Mallinckrodt International Finance SA</name>
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        <invCountry>LU</invCountry>

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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Continental Resources, Inc.</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>Continental Resources, Inc.</title>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Moran Foods LLC</name>
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        <name>News Corp.</name>
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        <name>SM Energy Co.</name>
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        <name>Owens &amp; Minor, Inc.</name>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Millennium Escrow Corp.</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>Range Resources Corp.</name>
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        <name>ADT Security Corp. (The)</name>
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        <name>RHP Hotel Properties LP</name>
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        <name>CNX Resources Corp.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Avis Budget Car Rental LLC</name>
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        <name>Allegheny Technologies, Inc.</name>
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        <name>Howmet Aerospace, Inc.</name>
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        <name>Endo Luxembourg Finance Co. I SARL</name>
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        <name>Gray Television, Inc.</name>
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      <invstOrSec>
        <name>Pure Fishing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RHP Hotel Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truck Hero, Inc.</name>
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          <isin value="US89778PAG28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Targa Resources Partners LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Tempur Sealy International, Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>Tempur Sealy International, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>Griffon Corp.</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp.</title>
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          <isin value="US398433AP71"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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      <invstOrSec>
        <name>New Albertsons LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP</name>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>UFC Holdings LLC</name>
        <lei>549300JEOTH7UMZ3C491</lei>
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        <name>Constellium SE</name>
        <lei>724500KRJEMC79KAAU28</lei>
        <title>Constellium SE</title>
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          <isin value="US210383AG04"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Alcoa Nederland Holding BV</name>
        <lei>5493000UL1QLQLT1VQ42</lei>
        <title>Alcoa Nederland Holding BV</title>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>DT Midstream, Inc.</name>
        <lei>N/A</lei>
        <title>DT Midstream, Inc.</title>
        <cusip>23345MAA5</cusip>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>Cheniere Energy Partners LP</name>
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      <invstOrSec>
        <name>Lumen Technologies, Inc.</name>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
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      <invstOrSec>
        <name>Organon &amp; Co.</name>
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      <invstOrSec>
        <name>Arconic Corp.</name>
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        <title>Arconic Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Common Equity</name>
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        <name>EnLink Midstream Partners LP</name>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-08</maturityDt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc., Series P</title>
        <cusip>172967JM4</cusip>
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          <isin value="US172967JM45"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>Marriott Ownership Resorts, Inc.</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>Marriott Ownership Resorts, Inc.</title>
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        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
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        <name>Gulfport Energy Corp.</name>
        <lei>N/A</lei>
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        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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        <name>Cinemark USA, Inc.</name>
        <lei>54930008H2137JSCPQ09</lei>
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        <name>United Airlines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines, Inc.</title>
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        <name>NGL Energy Operating LLC</name>
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        <name>Par Pharmaceutical, Inc.</name>
        <lei>549300KK5WR4MGN4YT97</lei>
        <title>Par Pharmaceutical, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabre GLBL, Inc.</name>
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        <name>CCI Buyer, Inc.</name>
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        <name>Yum! Brands, Inc.</name>
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        <name>Tenneco, Inc.</name>
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        <name>Lumen Technologies, Inc.</name>
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        <name>RP Escrow Issuer LLC</name>
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        <name>Cooper-Standard Automotive, Inc.</name>
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        <name>Vistra Corp.</name>
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        <name>LABL, Inc.</name>
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        <name>Sensata Technologies BV</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>JB Poindexter &amp; Co., Inc.</name>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <name>Calpine Corp.</name>
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        <name>Allegheny Technologies, Inc.</name>
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        <name>IRB Holding Corp.</name>
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        <name>Chesapeake Energy Corp.</name>
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        <name>Chemours Co. (The)</name>
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        <name>DISH DBS Corp.</name>
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        <name>Allied Universal Holdco LLC</name>
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      <invstOrSec>
        <name>Vistra Corp.</name>
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        <name>Superior Plus LP</name>
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      <invstOrSec>
        <name>Avis Budget Car Rental LLC</name>
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        <name>CSC Holdings LLC</name>
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        <name>Steinway Musical Instruments, Inc.</name>
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        <name>HealthEquity, Inc.</name>
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        <name>Sirius XM Radio, Inc.</name>
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        <name>Lamar Media Corp.</name>
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        <name>Comstock Resources, Inc.</name>
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        <name>First Student Bidco, Inc.</name>
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        <name>Downstream Development Authority of the Quapaw Tribe of Oklahoma</name>
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        <name>AMC Entertainment Holdings, Inc.</name>
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        <name>Arches Buyer, Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Nationstar Mortgage Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Coinbase Global, Inc.</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kaiser Aluminum Corp.</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminum Corp.</title>
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          <isin value="US483007AL48"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Novelis Corp.</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>Novelis Corp.</title>
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          <isin value="US670001AG19"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Americas, Inc.</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas, Inc.</title>
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          <isin value="US91911XAV64"/>
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        <curCd>USD</curCd>
        <valUSD>35451251.56000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Frontier Communications Holdings LLC</name>
        <lei>N/A</lei>
        <title>Frontier Communications Holdings LLC</title>
        <cusip>35906ABE7</cusip>
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          <isin value="US35906ABE73"/>
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        <balance>12190000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Telford Offshore Holdings Ltd.</name>
        <lei>254900MJ1ONJOBEVV564</lei>
        <title>Telford Offshore Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="8D6544S"/>
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        <balance>367689.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>Altice France SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>Altice France SA, 1st Lien Term Loan B-13</title>
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          <isin value="XAF6628DAM65"/>
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        <balance>7050125.27000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-14</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
        <cusip>26884LAL3</cusip>
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          <isin value="US26884LAL36"/>
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        <balance>4315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4724925.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Standard Industries, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries, Inc.</title>
        <cusip>853496AH0</cusip>
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        <balance>5019000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
        <cusip>737446AN4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Oasis Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Oasis Midstream Partners LP</title>
        <cusip>67421QAA0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Media, Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Videotron Ltd.</name>
        <lei>549300LW4GNJRBECSD81</lei>
        <title>Videotron Ltd.</title>
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        <invCountry>CA</invCountry>
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        <name>Allied Universal Holdco LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Antero Resources Corp.</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>Antero Resources Corp.</title>
        <cusip>03674XAN6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
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          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
        <cusip>26884LAM1</cusip>
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        <balance>3607000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3604691.52000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rite Aid Corp.</name>
        <lei>529900W353T1JY1DKT44</lei>
        <title>Rite Aid Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TreeHouse Foods, Inc.</name>
        <lei>5493007M7EVHE470Q576</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Glatfelter Corp.</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>Glatfelter Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>Cincinnati Bell, Inc.</name>
        <lei>549300JYVZOCUJOHL272</lei>
        <title>Cincinnati Bell, Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>Six Flags Theme Parks, Inc.</name>
        <lei>5493003MX0ZXTM8EVY68</lei>
        <title>Six Flags Theme Parks, Inc.</title>
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          <isin value="US83001WAC82"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Greif, Inc.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Madison IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-30</maturityDt>
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      <invstOrSec>
        <name>LABL, Inc.</name>
        <lei>N/A</lei>
        <title>LABL, Inc., 1st Lien Term Loan B</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Claire's Stores, Inc.</name>
        <lei>N/A</lei>
        <title>Claire's Stores, Inc., 1st Lien Term Loan B</title>
        <cusip>17958DAL1</cusip>
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          <isin value="US17958DAL10"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DexKo Global, Inc.</name>
        <lei>N/A</lei>
        <title>DexKo Global, Inc., Delay Draw Term Loan B-1</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-04</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Meredith Corp.</name>
        <lei>N/A</lei>
        <title>Meredith Corp., 1st Lien Term Loan B</title>
        <cusip>58943PAR3</cusip>
        <identifiers>
          <isin value="US58943PAR38"/>
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        <balance>11272312.50000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-31</maturityDt>
          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Endeavor Energy Resources LP</name>
        <lei>N/A</lei>
        <title>Endeavor Energy Resources LP</title>
        <cusip>29260FAF7</cusip>
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          <isin value="US29260FAF71"/>
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        <balance>4650000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Mattel, Inc.</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>Mattel, Inc.</title>
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        <balance>3489000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NuStar Logistics LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
        <cusip>67059TAE5</cusip>
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          <isin value="US67059TAE55"/>
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        <balance>7824000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-28</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arconic Corp.</name>
        <lei>549300B4YFWH3U74B152</lei>
        <title>Arconic Corp.</title>
        <cusip>03966VAA5</cusip>
        <identifiers>
          <isin value="US03966VAA52"/>
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        <balance>12134000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12617175.88000000</valUSD>
        <pctVal>0.205211698114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>N/A</lei>
        <title>VICI Properties LP</title>
        <cusip>92564RAD7</cusip>
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          <isin value="US92564RAD70"/>
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        <balance>9165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9394125.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Cheniere Energy Partners LP</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP</title>
        <cusip>16411QAL5</cusip>
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          <isin value="US16411QAL59"/>
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        <balance>3880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3768450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Spectrum Brands, Inc.</name>
        <lei>549300VU3EH2E73C1Q04</lei>
        <title>Spectrum Brands, Inc.</title>
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          <isin value="US84762LAU98"/>
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        <balance>815000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQM Midstream Partners LP</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQM Midstream Partners LP</title>
        <cusip>26885BAK6</cusip>
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          <isin value="US26885BAK61"/>
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        <balance>9093000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9024802.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
        <cusip>45174HBC0</cusip>
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          <isin value="US45174HBC07"/>
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        <balance>4590539.00000000</balance>
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        <curCd>USD</curCd>
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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>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spectrum Brands, Inc.</name>
        <lei>549300VU3EH2E73C1Q04</lei>
        <title>Spectrum Brands, Inc.</title>
        <cusip>84762LAV7</cusip>
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          <isin value="US84762LAV71"/>
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        <balance>1584000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1667350.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuance Communications, Inc.</name>
        <lei>AEMSOT3SS15TNMJCE605</lei>
        <title>Nuance Communications, Inc.</title>
        <cusip>67020YAQ3</cusip>
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          <isin value="US67020YAQ35"/>
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        <balance>8541000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8798895.50000000</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>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAL3</cusip>
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          <isin value="US36485MAL37"/>
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        <balance>7870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7456825.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
        <cusip>855030AP7</cusip>
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          <isin value="US855030AP77"/>
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        <balance>18594000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16920540.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing, Inc.</title>
        <cusip>02406PBB5</cusip>
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          <isin value="US02406PBB58"/>
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        <balance>6140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5825325.00000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
        <cusip>64110LAS5</cusip>
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        <balance>1836000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>N/A</lei>
        <title>VICI Properties LP</title>
        <cusip>92564RAB1</cusip>
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          <isin value="US92564RAB15"/>
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        <balance>9991000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Kennedy-Wilson, Inc.</name>
        <lei>5EA4464UK7FM5QNNKL62</lei>
        <title>Kennedy-Wilson, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA, Inc.</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
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      <invstOrSec>
        <name>Pike Corp.</name>
        <lei>549300P4EKEP6HK0NC58</lei>
        <title>Pike Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States Cellular Corp.</name>
        <lei>N/A</lei>
        <title>United States Cellular Corp.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>6.70000000</annualizedRt>
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        <name>Outfront Media Capital LLC</name>
        <lei>N/A</lei>
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        <cusip>69007TAB0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AA8</cusip>
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        <balance>1642000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1584530.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>WMG Acquisition Corp.</name>
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        <name>Graham Packaging Co., Inc.</name>
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        <name>Summer (BC) Holdco B SARL</name>
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        <name>SRS Distribution, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Gartner, Inc.</name>
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        <name>HCA, Inc.</name>
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        <name>Graham Packaging Co., Inc.</name>
        <lei>N/A</lei>
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        <name>Range Resources Corp.</name>
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        <name>Builders FirstSource, Inc.</name>
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        <name>Roller Bearing Co. of America, Inc.</name>
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        <name>Lumen Technologies, Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
        <cusip>85207UAK1</cusip>
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        <balance>28504000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>JELD-WEN, Inc.</name>
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        <name>180 Medical, Inc.</name>
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        <name>Madison IAQ LLC</name>
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        <name>Southwestern Energy Co.</name>
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        <name>GFL Environmental, Inc.</name>
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        <name>EQM Midstream Partners LP</name>
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        <name>Radiology Partners, Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Cedar Fair LP</name>
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        <name>Tallgrass Energy Partners LP</name>
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        <name>EnLink Midstream Partners LP</name>
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        <name>CoreCivic, Inc.</name>
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        <name>DaVita, Inc.</name>
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        <name>Mallinckrodt International Finance SA</name>
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        <name>ACCO Brands Corp.</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
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        <name>Frontier Communications Holdings LLC</name>
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        <name>Buckeye Partners LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>Buckeye Partners LP</title>
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      <invstOrSec>
        <name>EP Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Catalent Pharma Solutions, Inc.</name>
        <lei>549300HALRZ339MSTH85</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comstock Resources, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Edgewell Personal Care Co.</name>
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        <title>Edgewell Personal Care Co.</title>
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          <isin value="US28035QAA04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Bway Holding Co.</name>
        <lei>549300DNGHXL0OMHW304</lei>
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          <isin value="US05604XAP15"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-03</maturityDt>
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        <name>Spirit AeroSystems, Inc.</name>
        <lei>ZD2NBKV6GCC3UMGBM518</lei>
        <title>Spirit AeroSystems, Inc.</title>
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          <isin value="US85205TAM27"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CommScope, Inc.</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope, Inc.</title>
        <cusip>203372AX5</cusip>
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          <isin value="US203372AX50"/>
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        <balance>8932000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX Technologies, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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      <invstOrSec>
        <name>National CineMedia LLC</name>
        <lei>7LJEQIVQVLNGS4X6T547</lei>
        <title>National CineMedia LLC</title>
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        <balance>6030000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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        <name>CommScope, Inc.</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.12500000</annualizedRt>
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        <name>Shutterfly, Inc.</name>
        <lei>549300I1C8WJQ5FZE154</lei>
        <title>Shutterfly, Inc., 1st Lien Term Loan B</title>
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        <name>ATS Automation Tooling Systems, Inc.</name>
        <lei>5493005KP4RP3IU7HQ41</lei>
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        <invCountry>CA</invCountry>
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        <name>Transocean Poseidon Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>

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        <name>DISH DBS Corp.</name>
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        <invCountry>US</invCountry>
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        <name>1011778 BC ULC</name>
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        <title>1011778 BC ULC</title>
        <cusip>68245XAM1</cusip>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <name>PM General Purchaser LLC</name>
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        <name>United Rentals North America, Inc.</name>
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        <name>Wolverine Escrow LLC</name>
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        <name>Garda World Security Corp.</name>
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        <name>Sirius XM Radio, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States Steel Corp.</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>United States Steel Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>6723902.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>MYT Holding LLC</name>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Cedar Fair LP</name>
        <lei>N/A</lei>
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        <cusip>150190AF3</cusip>
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          <isin value="US150190AF30"/>
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        <balance>6925000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Clarios Global LP</name>
        <lei>N/A</lei>
        <title>Clarios Global LP</title>
        <cusip>69867DAC2</cusip>
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          <isin value="US69867DAC20"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1578750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Coty, Inc.</name>
        <lei>N/A</lei>
        <title>Coty, Inc.</title>
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          <isin value="US222070AG98"/>
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        <balance>4495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4444431.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Cheniere Energy, Inc.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy, Inc.</title>
        <cusip>16411RAK5</cusip>
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          <isin value="US16411RAK59"/>
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        <balance>17298000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17816940.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NOVA Chemicals Corp.</title>
        <cusip>66977WAP4</cusip>
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          <isin value="US66977WAP41"/>
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        <balance>4732000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4956770.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NOVA Chemicals Corp.</title>
        <cusip>66977WAR0</cusip>
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          <isin value="US66977WAR07"/>
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        <balance>20736000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21772800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Gulfport Energy Operating Corp.</name>
        <lei>549300FJX18IDUFPHD40</lei>
        <title>Gulfport Energy Operating Corp., Escrow</title>
        <cusip>402ESCAT4</cusip>
        <identifiers>
          <isin value="US402ESCAT47"/>
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        <balance>8845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>420137.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Novelis Corp.</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>Novelis Corp.</title>
        <cusip>670001AH9</cusip>
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          <isin value="US670001AH91"/>
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        <balance>2434000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2348810.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
        <cusip>91911KAP7</cusip>
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        <balance>28836000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30096133.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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        <name>New Albertsons LP</name>
        <lei>N/A</lei>
        <title>New Albertsons LP</title>
        <cusip>01310QDB8</cusip>
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        <balance>3704000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <name>Hilton Worldwide Finance LLC</name>
        <lei>N/A</lei>
        <title>Hilton Worldwide Finance LLC</title>
        <cusip>432891AK5</cusip>
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        <balance>8612000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8838065.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>AmeriGas Partners LP</name>
        <lei>N/A</lei>
        <title>AmeriGas Partners LP</title>
        <cusip>030981AJ3</cusip>
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          <isin value="US030981AJ33"/>
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        <balance>3782000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Lamb Weston Holdings, Inc.</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings, Inc.</title>
        <cusip>513272AE4</cusip>
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        <balance>2949000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-31</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
        <cusip>817565CG7</cusip>
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        <balance>2450000.00000000</balance>
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        <valUSD>2443875.00000000</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>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Targa Resources Partners LP</name>
        <lei>N/A</lei>
        <title>Targa Resources Partners LP</title>
        <cusip>87612BBT8</cusip>
        <identifiers>
          <isin value="US87612BBT89"/>
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        <balance>4114000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4249844.28000000</valUSD>
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      <invstOrSec>
        <name>EQT Corp.</name>
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        <name>Tenneco, Inc.</name>
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        <name>Sensata Technologies, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <title>Occidental Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Standard Industries, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries, Inc.</title>
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        <name>Diamond Sports Group LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Moran Foods Backstop Equity</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
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        <name>Valeant Pharmaceuticals International, Inc.</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
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        <name>Crestwood Midstream Partners LP</name>
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        <name>ACC Claims Holdings LLC</name>
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        <assetCat>EC</assetCat>
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        <name>Moran Foods LLC</name>
        <lei>N/A</lei>
        <title>Moran Foods LLC, 1st Lien Term Loan B</title>
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        <name>New Albertsons LP</name>
        <lei>N/A</lei>
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        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG Energy Corp.</title>
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        <invCountry>CA</invCountry>
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        <name>Endo Dac</name>
        <lei>N/A</lei>
        <title>Endo Dac</title>
        <cusip>29273DAC4</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Moran Foods LLC</name>
        <lei>N/A</lei>
        <title>Moran Foods LLC, Tranche A 2nd Lien Term Loan</title>
        <cusip>61647DAF9</cusip>
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          <isin value="US61647DAF96"/>
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        <balance>10553161.34000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Axalta Coating Systems LLC</name>
        <lei>549300G80QONCHILSF69</lei>
        <title>Axalta Coating Systems LLC</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America, Inc.</title>
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          <isin value="US911363AM11"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Adient Global Holdings Ltd.</name>
        <lei>213800VA38VCKE6M8790</lei>
        <title>Adient Global Holdings Ltd.</title>
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          <isin value="US00687YAA38"/>
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        <balance>7139000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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      <invstOrSec>
        <name>Calpine Corp.</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp.</title>
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          <isin value="US131347CP95"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>Mattel, Inc.</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>Mattel, Inc.</title>
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          <isin value="US577081BE10"/>
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        <balance>2788000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
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      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <balance>12405000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intelsat Jackson Holdings SA</name>
        <lei>N/A</lei>
        <title>Intelsat Jackson Holdings SA, Term Loan B</title>
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          <isin value="XAL5137LAM71"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-13</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Gulfport Energy Operating Corp.</name>
        <lei>549300FJX18IDUFPHD40</lei>
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          <other otherDesc="Inhouse Sedol" value="4G3649B"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2024-10-15</maturityDt>
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      <invstOrSec>
        <name>Wolverine Escrow LLC</name>
        <lei>N/A</lei>
        <title>Wolverine Escrow LLC</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>Trinseo Materials Operating SCA</name>
        <lei>N/A</lei>
        <title>Trinseo Materials Operating SCA</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mozart Debt Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Mozart Debt Merger Sub, Inc.</title>
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      <invstOrSec>
        <name>Genesys Telecom Holdings US, Inc.</name>
        <lei>549300CVRD4OUCPHWQ42</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Team Health Holdings, Inc.</name>
        <lei>549300PVTQ4UDTTMQT11</lei>
        <title>Team Health Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Standard Industries, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Industries, Inc.</title>
        <cusip>853496AC1</cusip>
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        <balance>6715000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
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        <title>Six Flags Entertainment Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allegheny Technologies, Inc.</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>Allegheny Technologies, Inc.</title>
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          <isin value="US01741RAM43"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PBF Holding Co. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MasTec, Inc.</name>
        <lei>549300TMDIT8WREDOF45</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US00253XAB73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-20</maturityDt>
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      <invstOrSec>
        <name>Frontier Communications Holdings LLC</name>
        <lei>N/A</lei>
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          <isin value="US35906ABF49"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Barclays plc</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-15</maturityDt>
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      <invstOrSec>
        <name>Intelsat Jackson Holdings SA</name>
        <lei>8XJ8KF85PBKK1TLMFN29</lei>
        <title>Intelsat Jackson Holdings SA</title>
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        <curCd>USD</curCd>
        <valUSD>14143570.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Frontier Communications Holdings LLC</name>
        <lei>N/A</lei>
        <title>Frontier Communications Holdings LLC</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sprint Corp.</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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        <name>Jaguar Holding Co. II</name>
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      <invstOrSec>
        <name>Calpine Corp.</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp.</title>
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        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CDW LLC</name>
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        <name>Claire's Stores, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <name>Altice France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Netflix, Inc.</name>
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        <title>Netflix, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Envision Healthcare Corp.</name>
        <lei>549300OL60X0LPKY8N60</lei>
        <title>Envision Healthcare Corp., 1st Lien Term Loan</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-10</maturityDt>
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        <name>Prestige Brands, Inc.</name>
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        <name>Global Infrastructure Solutions, Inc.</name>
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        <name>Level 3 Financing, Inc.</name>
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        <name>ON Semiconductor Corp.</name>
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        <name>Organon &amp; Co.</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>1011778 BC ULC</name>
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        <name>CDW LLC</name>
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        <name>NCR Corp.</name>
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        <name>HCA, Inc.</name>
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        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <name>Brink's Co. (The)</name>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>Medline Borrower LP</name>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <name>TripAdvisor, Inc.</name>
        <lei>549300XVG45PT5BART17</lei>
        <title>TripAdvisor, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658BR2</cusip>
        <identifiers>
          <isin value="US143658BR27"/>
        </identifiers>
        <balance>10712000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10410296.52000000</valUSD>
        <pctVal>0.169317971554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
        <cusip>071734AH0</cusip>
        <identifiers>
          <isin value="US071734AH05"/>
        </identifiers>
        <balance>6116000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5438836.48000000</valUSD>
        <pctVal>0.088459801182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397A86</cusip>
        <identifiers>
          <isin value="US345397A860"/>
        </identifiers>
        <balance>13285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14014612.20000000</valUSD>
        <pctVal>0.227940261381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Midstream Holdings LLC</name>
        <lei>N/A</lei>
        <title>Summit Midstream Holdings LLC</title>
        <cusip>86614WAE6</cusip>
        <identifiers>
          <isin value="US86614WAE66"/>
        </identifiers>
        <balance>4006000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4036045.00000000</valUSD>
        <pctVal>0.065644139068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>Albertsons Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Albertsons Cos., Inc.</title>
        <cusip>013092AB7</cusip>
        <identifiers>
          <isin value="US013092AB74"/>
        </identifiers>
        <balance>1251000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1316815.11000000</valUSD>
        <pctVal>0.021417301890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</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>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
        <cusip>428102AE7</cusip>
        <identifiers>
          <isin value="US428102AE79"/>
        </identifiers>
        <balance>5327000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5154138.85000000</valUSD>
        <pctVal>0.083829344679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>780153BC5</cusip>
        <identifiers>
          <isin value="US780153BC56"/>
        </identifiers>
        <balance>6325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6708642.88000000</valUSD>
        <pctVal>0.109112531246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</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>Spirit AeroSystems, Inc.</name>
        <lei>ZD2NBKV6GCC3UMGBM518</lei>
        <title>Spirit AeroSystems, Inc.</title>
        <cusip>85205TAL4</cusip>
        <identifiers>
          <isin value="US85205TAL44"/>
        </identifiers>
        <balance>5708000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5971995.00000000</valUSD>
        <pctVal>0.097131342761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</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>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust II</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
