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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MALAYSIAN RINGGIT</name>
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          <other otherDesc="FX Forwards" value="CCTCNH__00003036"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ALIBABA GROUP HOLDING LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ENTERCOM MEDIA CORP.</name>
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        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>POLYMER PROCESS HOLDINGS</name>
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          <other otherDesc="All Others" value="LX179972"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CCO HOLDINGS, LLC</name>
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        <name>EVERCORE INC.</name>
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        <name>BRK: CITIGROUP</name>
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        <name>SNAP INC.</name>
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        <name>MALAYSIAN RINGGIT</name>
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        <name>INGEVITY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Adyen NV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEA LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AMC ENTERTAINMENT HOLDINGS, INC.</name>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT GOVERNMENT INTERNATIONAL BOND 144A 8.875000% 05/29/2050</title>
        <cusip>03846JX62</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SWISS FRANC</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="CHF-OLD"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GUITAR CENTER WARRANTS</name>
        <lei>N/A</lei>
        <title>GUITAR CENTER WARRANTS 12/30/2027</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>MGM RESORTS INTERNATIONAL</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM RESORTS INTERNATIONAL COMMON STOCK</title>
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        <name>NCL CORPORATION LTD.</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
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        <cusip>62886HAR2</cusip>
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        <name>BOMBARDIER INC.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <cusip>097751BT7</cusip>
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        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAINE GOVERNMENT 4.375000% 01/27/2030</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Eldorado Gold Corporation</name>
        <lei>5493004PWQ01YDD1IH62</lei>
        <title>ELDORADO GOLD CORP 144A 9.500000% 06/01/2024</title>
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        <name>DYNATRACE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NORWEGIAN CRUISE LINE HOLDINGS LTD.</name>
        <lei>N/A</lei>
        <title>NORWEGIAN CRUISE LINE HOLDIN COMMON STOCK</title>
        <cusip>G66721104</cusip>
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          <isin value="BMG667211046"/>
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        <balance>44555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>732038.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mylan N.V.</name>
        <lei>549300A0CD4KNFGIIS89</lei>
        <title>MYLAN NV COMMON STOCK</title>
        <cusip>N59465109</cusip>
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          <isin value="NL0011031208"/>
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        <balance>46823.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>752913.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC 4.140000% 02/15/2023</title>
        <cusip>345397ZB2</cusip>
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          <isin value="US345397ZB24"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58707.00000000</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>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.14000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAESARS RESORT COLLECTION LLC</name>
        <lei>N/A</lei>
        <title>CAESARS RESORT COLLECTION LLC 12/23/2024</title>
        <cusip>12769LAB5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX168784"/>
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        <balance>199720.40990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177064.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.92825080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>EGYPT GOVERNMENT INTERNATIONAL BOND MTN 8.150000% 11/20/2059</title>
        <cusip>03846JX39</cusip>
        <identifiers>
          <isin value="US03846JX394"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>185500.00000000</valUSD>
        <pctVal>0.039814459806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/JPY SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002379"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>761.03000000</valUSD>
        <pctVal>0.000163342309</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <curSold>JPY</curSold>
            <amtCurPur>284603.74000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>761.03000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINDER MORGAN, INC.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>KINDER MORGAN INC COMMON STOCK</title>
        <cusip>49456B101</cusip>
        <identifiers>
          <isin value="US49456B1017"/>
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        <balance>102107.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1548963.19000000</valUSD>
        <pctVal>0.332458936222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GUITAR CENTER INC 144A 10.000000% 05/15/2022</title>
        <cusip>402040AN9</cusip>
        <identifiers>
          <isin value="US402040AN94"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10000.00000000</valUSD>
        <pctVal>0.002146332065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZENDESK, INC.</name>
        <lei>549300SLI6BN94BKKO36</lei>
        <title>ZENDESK INC COMMON STOCK</title>
        <cusip>98936J101</cusip>
        <identifiers>
          <isin value="US98936J1016"/>
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        <balance>-4503.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-398650.59000000</valUSD>
        <pctVal>-0.08556365440</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LWX1</cusip>
        <identifiers>
          <isin value="US74514LWX18"/>
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        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3200.00000000</valUSD>
        <pctVal>0.000686826260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>Y</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>NASDAQ 100 TOTAL RETURN SWAP</name>
        <lei>N/A</lei>
        <title>NASDAQ 100 TOTAL RETURN SWAP</title>
        <cusip>XNDX00001</cusip>
        <identifiers>
          <other otherDesc="All Others" value="XNDX00001"/>
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        <balance>0.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-143602.34000000</valUSD>
        <pctVal>-0.03082183069</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>NASDAQ 100 TOTAL RETURN SWAP</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="112.30000000">
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LZY6</cusip>
        <identifiers>
          <isin value="US74514LZY63"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3037.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BRK: GOLDMAN SACHS INTERNATIONAL</name>
        <lei>N/A</lei>
        <title>BRK: GOLDMAN SACHS INTERNATIONAL PAY: NETMARBLE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="BF2S426"/>
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        <balance>673281.47970000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-65397.92000000</valUSD>
        <pctVal>-0.01403656526</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BRK: GOLDMAN SACHS INTERNATIONAL</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>-8841.00000000</notionalAmt>
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            <unrealizedAppr>-65397.92000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QUALCOMM INCORPORATED</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM INC COMMON STOCK</title>
        <cusip>747525103</cusip>
        <identifiers>
          <isin value="US7475251036"/>
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        <balance>-9806.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-894405.26000000</valUSD>
        <pctVal>-0.19196906886</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LE86</cusip>
        <identifiers>
          <isin value="US74514LE869"/>
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        <balance>5710000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3426000.00000000</valUSD>
        <pctVal>0.735333365475</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>Y</isDefault>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLIR SYSTEMS, INC.</name>
        <lei>N/A</lei>
        <title>FLIR SYSTEMS INC COMMON STOCK</title>
        <cusip>302445101</cusip>
        <identifiers>
          <isin value="US3024451011"/>
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        <balance>-13914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-564490.98000000</valUSD>
        <pctVal>-0.12115850907</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RITE AID CORPORATION</name>
        <lei>529900W353T1JY1DKT44</lei>
        <title>RITE AID CORP 7.700000% 02/15/2027</title>
        <cusip>767754AJ3</cusip>
        <identifiers>
          <isin value="US767754AJ35"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>241110.00000000</valUSD>
        <pctVal>0.051750212419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRESTWOOD EQUITY PARTNERS LP</name>
        <lei>549300CUY0F1TYDLDL45</lei>
        <title>Crestwood Equity Partners LP PREFERRED STOCK</title>
        <cusip>226344307</cusip>
        <identifiers>
          <isin value="US2263443077"/>
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        <balance>16902.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92453.94000000</valUSD>
        <pctVal>0.019843685595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CBAC BORROWER LLC</name>
        <lei>N/A</lei>
        <title>CBAC BORROWER LLC 7/8/2024</title>
        <cusip>14983GAG1</cusip>
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          <other otherDesc="All Others" value="LX165522"/>
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        <balance>206128.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183711.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-08</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CLARIVATE PLC</name>
        <lei>549300WDHIIODXFO0R55</lei>
        <title>Clarivate Plc COMMON STOCK</title>
        <cusip>G21810109</cusip>
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          <isin value="JE00BJJN4441"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FASTENAL COMPANY</name>
        <lei>529900PP0C7H2HHPSJ32</lei>
        <title>FASTENAL CO COMMON STOCK</title>
        <cusip>311900104</cusip>
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          <isin value="US3119001044"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Short</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CHT 2017-COSMO MORTGAGE TRUST CHT 2017-CSMO F</title>
        <cusip>12546DAQ0</cusip>
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          <isin value="US12546DAQ07"/>
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        <balance>175000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HANESBRANDS INC.</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
        <title>HANESBRANDS INC 144A 5.375000% 05/15/2025</title>
        <cusip>410345AN2</cusip>
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          <isin value="US410345AN24"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW RUSSIAN ROUBLE</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTRUB__00092620"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>Freddie Mac</name>
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          <isin value="US3134006242"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMC ENTERTAINMENT HOLDINGS, INC.</name>
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        <cusip>00164DAQ6</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DIAMOND RESORTS INTERNATIONAL, INC.</name>
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          <isin value="US23422RAA05"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CORNERSTONE BUILDING BRANDS, INC.</name>
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        <name>ENDO PHARMACEUTICALS</name>
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        <title>ENDO PHARMACEUTICALS 4/29/2024</title>
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        <name>HURTIGRUTEN GROUP AS</name>
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        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
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        <name>LOGMEIN, INC.</name>
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        <title>LOGMEIN INC COMMON STOCK</title>
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        <name>N/A</name>
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        <title>SPXW US 07/17/20 P2850 SHORT</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BRK: DEUTSCHE BANK</name>
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        <title>BRK: DEUTSCHE BANK PAY: 3 MONTH USD - LIBOR</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Morgan Stanley Institutional Liquidity Funds: ESG Money Market Portfolio; Institutional Class Shares</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
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        <name>DIAMOND SPORTS GROUP, LLC</name>
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      <invstOrSec>
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        <name>FIRSTENERGY CORP.</name>
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        <name>LADDER CAPITAL FINANCE HOLDINGS LLLP</name>
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        <name>PACCAR INC</name>
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        <name>GENERAL MILLS, INC.</name>
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        <name>Morgan Stanley Institutional Liquidity Funds: Government Portfolio; Institutional Class Shares</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRK: CITI</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS842959</cusip>
        <identifiers>
          <other otherDesc="All Others" value="CDS842959"/>
        </identifiers>
        <balance>1273000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2219.26000000</valUSD>
        <pctVal>0.000476326889</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: CITI</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1273000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2219.26000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOMBARDIER INC.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>BOMBARDIER INC 144A 7.500000% 03/15/2025</title>
        <cusip>097751BM2</cusip>
        <identifiers>
          <isin value="US097751BM26"/>
        </identifiers>
        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45682.00000000</valUSD>
        <pctVal>0.009804874139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/KRW SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002367"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-50813.34000000</valUSD>
        <pctVal>-0.01090623009</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>2950935100.00000000</amtCurSold>
            <curSold>KRW</curSold>
            <amtCurPur>2411190.18000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>-50813.34000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EL PASO ELECTRIC COMPANY</name>
        <lei>OZ8GM8L4AHPKSWZMW205</lei>
        <title>EL PASO ELECTRIC CO COMMON STOCK</title>
        <cusip>283677854</cusip>
        <identifiers>
          <isin value="US2836778546"/>
        </identifiers>
        <balance>5239.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>351013.00000000</valUSD>
        <pctVal>0.075339045713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW RUSSIAN ROUBLE</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: RUB/USD SETTLE 2020-09-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTRUB__00092621"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="RUB" exchangeRt="71.25440000"/>
        <valUSD>-494.94000000</valUSD>
        <pctVal>-0.00010623055</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK SECURITIES, INC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>91939.36000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>6571899.25000000</amtCurPur>
            <curPur>RUB</curPur>
            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>-494.94000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GETTY IMAGES</name>
        <lei>N/A</lei>
        <title>GETTY IMAGES 2/19/2026</title>
        <cusip>37427UAJ9</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX178592"/>
        </identifiers>
        <balance>286881.08500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253889.76000000</valUSD>
        <pctVal>0.054493173286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.68749880</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>COLT MERGER SUB, INC.</name>
        <lei>N/A</lei>
        <title>COLT MERGER SUB INC 144A 8.125000% 07/01/2027</title>
        <cusip>28470RAK8</cusip>
        <identifiers>
          <isin value="US28470RAK86"/>
        </identifiers>
        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173925.00000000</valUSD>
        <pctVal>0.037330080440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</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>RACKSPACE HOSTING, INC.</name>
        <lei>N/A</lei>
        <title>RACKSPACE HOSTING, INC. 11/3/2023</title>
        <cusip>75008QAL0</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX169594"/>
        </identifiers>
        <balance>289070.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274978.24000000</valUSD>
        <pctVal>0.059019461369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.99999960</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>MSCI INC.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC COMMON STOCK</title>
        <cusip>55354G100</cusip>
        <identifiers>
          <isin value="US55354G1004"/>
        </identifiers>
        <balance>-2479.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-827539.78000000</valUSD>
        <pctVal>-0.17761751648</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EBAY INC.</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>EBAY INC COMMON STOCK</title>
        <cusip>278642103</cusip>
        <identifiers>
          <isin value="US2786421030"/>
        </identifiers>
        <balance>-15936.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-835843.20000000</valUSD>
        <pctVal>-0.17939970614</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIFFANY &amp; CO.</name>
        <lei>549300EJG9IEYQL5XT21</lei>
        <title>TIF US 07/17/20 P90 SHORT</title>
        <cusip>70F996DZ5</cusip>
        <identifiers>
          <ticker value="TIF US 07/17/20 P90 Equity"/>
        </identifiers>
        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-35.00000000</valUSD>
        <pctVal>-0.00000751216</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TIFFANY &amp; CO.</issuerName>
                <issueTitle>TIF Put 90 Jul 2020</issueTitle>
                <identifiers>
                  <cusip value="886547108"/>
                  <ticker value="TIF-07/2020-P-90"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-700.00000000</shareNo>
            <exercisePrice>90.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-07-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>973.97000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAINE GOVERNMENT 7.375000% 09/25/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1577952952"/>
        </identifiers>
        <balance>756000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>758626.34000000</valUSD>
        <pctVal>0.162826403890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</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>DELPHI TECHNOLOGIES PLC</name>
        <lei>549300SEU65CJHRH6V04</lei>
        <title>DELPHI TECHNOLOGIES PLC COMMON STOCK</title>
        <cusip>G2709G107</cusip>
        <identifiers>
          <isin value="JE00BD85SC56"/>
        </identifiers>
        <balance>105868.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1504384.28000000</valUSD>
        <pctVal>0.322890821827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN GAMING</name>
        <lei>N/A</lei>
        <title>AMERICAN GAMING 2/15/2024</title>
        <cusip>00124TAS6</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX187989"/>
        </identifiers>
        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127400.00000000</valUSD>
        <pctVal>0.027344270508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.00000040</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>FIRST QUANTUM MINERALS LTD.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FIRST QUANTUM MINERALS LTD 144A 7.500000% 04/01/2025</title>
        <cusip>335934AL9</cusip>
        <identifiers>
          <isin value="US335934AL97"/>
        </identifiers>
        <balance>745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>713337.50000000</valUSD>
        <pctVal>0.153105914942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRANSDIGM INC.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TRANSDIGM INC 144A 6.250000% 03/15/2026</title>
        <cusip>893647BE6</cusip>
        <identifiers>
          <isin value="US893647BE67"/>
        </identifiers>
        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89776.80000000</valUSD>
        <pctVal>0.019269082453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>SWAPTION ON 5 YR, 09/16/20-06/20/25</name>
        <lei>N/A</lei>
        <title>SWAPTION ON 5 YR, 09/16/20-06/20/25 PUT OPTION STP: 91</title>
        <cusip>SWP841696</cusip>
        <identifiers>
          <other otherDesc="Options" value="SWP841696"/>
        </identifiers>
        <balance>-710000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10036.80000000</valUSD>
        <pctVal>-0.00215423056</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>N/A</issueTitle>
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                  <other otherDesc="Other" value="N/A"/>
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            </descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>-2743.68000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN EAGLE OUTFITTERS, INC.</name>
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        <title>AMERICAN EAGLE OUTFITTERS COMMON STOCK</title>
        <cusip>02553E106</cusip>
        <identifiers>
          <isin value="US02553E1064"/>
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        <curCd>USD</curCd>
        <valUSD>831789.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>THAILAND BAHT</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTTHB__00092494"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="30.90750000"/>
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        <pctVal>0.008171605583</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JP MORGAN</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>1192644.21000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>38036405.53000000</amtCurPur>
            <curPur>THB</curPur>
            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>38072.42000000</unrealizedAppr>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>APTOS</name>
        <lei>N/A</lei>
        <title>APTOS 2/26/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX186193"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214375.00000000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.68474920</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WYNN LAS VEGAS, LLC</name>
        <lei>2549002X45DR4UI7NA62</lei>
        <title>WYNN LAS VEGAS LLC / WYNN LAS VEGAS CAPITAL CORP 1 4.250000% 05/30/2023</title>
        <cusip>983130AU9</cusip>
        <identifiers>
          <isin value="US983130AU95"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14100.00000000</valUSD>
        <pctVal>0.003026328211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISHAY INTERTECHNOLOGY, INC.</name>
        <lei>5493009O8F3QQJTCQR75</lei>
        <title>VISHAY INTERTECHNOLOGY INC COMMON STOCK</title>
        <cusip>928298108</cusip>
        <identifiers>
          <isin value="US9282981086"/>
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        <balance>103599.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1581956.73000000</valUSD>
        <pctVal>0.339540445507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ESKOM HOLDINGS SOC LIMITED</name>
        <lei>3789001900ED06F65111</lei>
        <title>ESKOM HOLDINGS SOC LTD 5.750000% 01/26/2021</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0579851949"/>
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        <balance>777000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>739160.10000000</valUSD>
        <pctVal>0.158648302381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-26</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIBBEY INC.</name>
        <lei>5299006QHHH9V0CWGW10</lei>
        <title>LIBBEY GLASS DIP DELAY-DRAW UNF 12/03/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US529897AH39"/>
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        <balance>23131.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-925.25000000</valUSD>
        <pctVal>-0.00019858937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WINDSTREAM SERVICES LLC</name>
        <lei>N/A</lei>
        <title>WINDSTREAM SERVICES LLC 3/29/2021</title>
        <cusip>97381HAR8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX155086"/>
        </identifiers>
        <balance>435118.07990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261941.08000000</valUSD>
        <pctVal>0.056221253914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.25000120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
        <lei>N/A</lei>
        <title>BRK: MORGAN STANLEY REF: IBERIABANK CORP (L)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="TW_IBKC.O"/>
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        <balance>3720.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-21241.79000000</valUSD>
        <pctVal>-0.00455919349</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: MORGAN STANLEY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            <terminationDt>2021-06-07</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-190650.59000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-21241.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIR CANADA</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>AIR CANADA 144A 4.000000% 07/01/2025</title>
        <cusip>008911BE8</cusip>
        <identifiers>
          <isin value="US008911BE87"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63450.00000000</valUSD>
        <pctVal>0.013618476952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: BRL/USD SETTLE 2020-07-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTBRL__00003304"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="5.49080000"/>
        <valUSD>-79572.26000000</valUSD>
        <pctVal>-0.01707884931</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>1488638.33000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>7736900.00000000</amtCurPur>
            <curPur>BRL</curPur>
            <settlementDt>2020-07-02</settlementDt>
            <unrealizedAppr>-79572.26000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY INTERACTIVE LLC</name>
        <lei>549300SZUIU7Z32Q0664</lei>
        <title>LIBERTY INTERACTIVE LLC 8.250000% 02/01/2030</title>
        <cusip>530715AJ0</cusip>
        <identifiers>
          <isin value="US530715AJ01"/>
        </identifiers>
        <balance>520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505975.60000000</valUSD>
        <pctVal>0.108599165439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>USA COMPRESSION PARTNERS, LP</name>
        <lei>N/A</lei>
        <title>USA COMPRESSION PARTNERS LP / USA COMPRESSION FINA 6.875000% 09/01/2027</title>
        <cusip>91740PAF5</cusip>
        <identifiers>
          <isin value="US91740PAF53"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120000.00000000</valUSD>
        <pctVal>0.025755984780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAVENIR SYSTEMS INC.</name>
        <lei>N/A</lei>
        <title>MAVENIR SYSTEMS INC. 5/8/2025</title>
        <cusip>57767EAB8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX173052"/>
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        <balance>156800.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155232.00000000</valUSD>
        <pctVal>0.033317941911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.99999840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>58.COM INC.</name>
        <lei>549300R31W8UMZCTNF95</lei>
        <title>WUBA US 01/15/21 P50 LONG</title>
        <cusip>9HA997NA3</cusip>
        <identifiers>
          <ticker value="WUBA US 01/15/21 P50 Equity"/>
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        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>570.00000000</valUSD>
        <pctVal>0.000122340927</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>58.COM INC.</issuerName>
                <issueTitle>WUBA Put 50 Jan 2021</issueTitle>
                <identifiers>
                  <cusip value="31680Q104"/>
                  <ticker value="WUBA-01/2021-P-50"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>600.00000000</shareNo>
            <exercisePrice>50.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-01-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>48.26000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002448"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13378.46000000</valUSD>
        <pctVal>-0.00287146176</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>8841600.00000000</amtCurSold>
            <curSold>CNY</curSold>
            <amtCurPur>1234343.15000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>-13378.46000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREAN WON</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: KRW/USD SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKRW__00002910"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85000000"/>
        <valUSD>-15390.13000000</valUSD>
        <pctVal>-0.00330323295</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>1792496.59000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>2130023700.00000000</amtCurPur>
            <curPur>KRW</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>-15390.13000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LANAI HOLDINGS II INC.</name>
        <lei>N/A</lei>
        <title>LANAI HOLDINGS II INC. 8/29/2022</title>
        <cusip>51374RAB7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX147127"/>
        </identifiers>
        <balance>845594.09990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>752840.88000000</valUSD>
        <pctVal>0.161584652060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.74999920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWISS FRANC</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CHF/USD SETTLE 2020-09-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CHF-OLD"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94755000"/>
        <valUSD>2075.31000000</valUSD>
        <pctVal>0.000445430439</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MONTGOMERY/BANK OF AMERICA</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>145761.04000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>139700.00000000</amtCurPur>
            <curPur>CHF</curPur>
            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>2075.31000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RUSSIA, FEDERATION OF (GOVERNMENT)</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>RUSSIAN FEDERATION 5.250000% 06/23/2047</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JXU14"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>792000.00000000</valUSD>
        <pctVal>0.169989499549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JD.COM, INC.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>47215P106</cusip>
        <identifiers>
          <isin value="US47215P1066"/>
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        <balance>19732.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1187471.76000000</valUSD>
        <pctVal>0.254870871479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>N/A</title>
        <cusip>TRBDFBM13</cusip>
        <identifiers>
          <other otherDesc="All Others" value="TRBDFBM13"/>
        </identifiers>
        <balance>702100.32830000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-259392.24000000</valUSD>
        <pctVal>-0.05567418821</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <terminationDt>2025-12-15</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-276000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-259392.24000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/BRL SETTLE 2020-07-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002816"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>25756.02000000</valUSD>
        <pctVal>0.005528097159</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>1148900.00000000</amtCurSold>
            <curSold>BRL</curSold>
            <amtCurPur>234996.93000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-07-02</settlementDt>
            <unrealizedAppr>25756.02000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MALAYSIAN RINGGIT</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CNY/USD SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTCNH__00002492"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>1632.04000000</valUSD>
        <pctVal>0.000350289978</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>181286.97000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>1296200.00000000</amtCurPur>
            <curPur>CNY</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>1632.04000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LADDER CAPITAL FINANCE HOLDINGS LLLP</name>
        <lei>N/A</lei>
        <title>LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPI 5.250000% 03/15/2022</title>
        <cusip>505742AF3</cusip>
        <identifiers>
          <isin value="US505742AF38"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346750.00000000</valUSD>
        <pctVal>0.074424064354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>LIVE NATION ENTERTAINMENT, INC.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LIVE NATION ENTERTAINMENT IN COMMON STOCK</title>
        <cusip>538034109</cusip>
        <identifiers>
          <isin value="US5380341090"/>
        </identifiers>
        <balance>-8563.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-379597.79000000</valUSD>
        <pctVal>-0.08147429084</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 5.875000% 01/11/2028</title>
        <cusip>040114HQ6</cusip>
        <identifiers>
          <isin value="US040114HQ69"/>
        </identifiers>
        <balance>1679000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>666563.00000000</valUSD>
        <pctVal>0.143066554025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISRAELI SHEKEL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: ILS/USD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTILS__00002228"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46095000"/>
        <valUSD>4555.65000000</valUSD>
        <pctVal>0.000977793767</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>227087.23000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>801300.00000000</amtCurPur>
            <curPur>ILS</curPur>
            <settlementDt>2020-07-15</settlementDt>
            <unrealizedAppr>4555.65000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANADIAN DOLLAR</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CAD/USD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTCAD__00001813"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36200000"/>
        <valUSD>11327.93000000</valUSD>
        <pctVal>0.002431349938</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>STATE STREET BANK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>318741.43000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>449500.00000000</amtCurPur>
            <curPur>CAD</curPur>
            <settlementDt>2020-07-15</settlementDt>
            <unrealizedAppr>11327.93000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOXER PARENT COMPANY INC.</name>
        <lei>N/A</lei>
        <title>BOXER PARENT COMPANY INC. 10/2/2025</title>
        <cusip>05988HAB3</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX174341"/>
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        <balance>210246.76000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198420.38000000</valUSD>
        <pctVal>0.042587602394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.42362960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHOPIFY INC.</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>SHOPIFY INC - CLASS A COMMON STOCK</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
        </identifiers>
        <balance>2087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1980980.40000000</valUSD>
        <pctVal>0.425184175269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARESTREAM HEALTH, INC.</name>
        <lei>N/A</lei>
        <title>CARESTREAM HEALTH, INC. 2/28/2021</title>
        <cusip>14173VAJ2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX177791"/>
        </identifiers>
        <balance>518336.93000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>490694.02000000</valUSD>
        <pctVal>0.105319230923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QVX7</cusip>
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          <isin value="US74526QVX77"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>THL CREDIT WIND RIVER CLO LLC</name>
        <lei>N/A</lei>
        <title>THL CREDIT WIND RIVER 2015-2 CLO LTD WINDR 2015-2A DR</title>
        <cusip>88432GAU1</cusip>
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          <isin value="US88432GAU13"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.81888000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Network International Holdings PLC</name>
        <lei>213800XVRNKWENNLKK60</lei>
        <title>NETWORK INTERNATIONAL HOLDIN COMMON STOCK</title>
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          <isin value="GB00BH3VJ782"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI GOVERNMENT INTERNATIONAL BOND MTN 2.750000% 02/03/2032</title>
        <cusip>80413TAQ2</cusip>
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          <isin value="US80413TAQ22"/>
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        <balance>772000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EURO</name>
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          <other otherDesc="FX Forwards" value="CCTEUR__00002714"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>HSBC</counterpartyName>
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        <name>FREEDOM MORTGAGE CORPORATION</name>
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          <isin value="US35640YAB39"/>
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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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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CNX MIDSTREAM PARTNERS LP</name>
        <lei>N/A</lei>
        <title>CNX MIDSTREAM PARTNERS LP / CNX MIDSTREAM FINANCE 6.500000% 03/15/2026</title>
        <cusip>12654TAA8</cusip>
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          <isin value="US12654TAA88"/>
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        <curCd>USD</curCd>
        <valUSD>372600.00000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY COMMON STOCK</title>
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        <identifiers>
          <isin value="US6174464486"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>MINERAL RESOURCES LIMITED</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINERAL RESOURCES LTD 144A 8.125000% 05/01/2027</title>
        <cusip>603051AA1</cusip>
        <identifiers>
          <isin value="US603051AA15"/>
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        <balance>465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>494062.50000000</valUSD>
        <pctVal>0.106042218587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSTN MERGER SUB, INC.</name>
        <lei>N/A</lei>
        <title>CORNERSTONE CHEMICAL CO 144A 6.750000% 08/15/2024</title>
        <cusip>21925AAE5</cusip>
        <identifiers>
          <isin value="US21925AAE55"/>
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        <balance>480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>432000.00000000</valUSD>
        <pctVal>0.092721545208</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOUGHTON MIFFLIN HARCOURT PUBLISHERS INC.</name>
        <lei>549300DDRF1LRKBXUN11</lei>
        <title>HOUGHTON MIFFLIN HARCOURT PUBLISHERS INC 144A 9.000000% 02/15/2025</title>
        <cusip>44157TAA3</cusip>
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          <isin value="US44157TAA34"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORPORATION</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP 8.125000% 04/01/2022</title>
        <cusip>88033GCE8</cusip>
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          <isin value="US88033GCE89"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ICBC STANDARD BANK PLC MTN 15.360000% 10/01/2021</title>
        <cusip>85312ED34</cusip>
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          <isin value="US85312ED342"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VanEck Vectors Semiconductor ETF</name>
        <lei>N/A</lei>
        <title>VANECK SEMICONDUCTOR MUTUAL FUND</title>
        <cusip>92189F676</cusip>
        <identifiers>
          <isin value="US92189F6768"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: EUR/USD SETTLE 2020-09-16</title>
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          <other otherDesc="FX Forwards" value="CCTEUR__00002731"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/RUB SETTLE 2020-09-16</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00092318"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <amtCurPur>3274986.86000000</amtCurPur>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QZA3</cusip>
        <identifiers>
          <isin value="US74526QZA39"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23406.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JUPITER RESOURCES PIK 13%</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="JUPITRPIK"/>
        </identifiers>
        <balance>28444.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25599.60000000</valUSD>
        <pctVal>0.005494524233</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>13.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CENVEO CORPORATION EQUITY CENVEO 9/18 REORG</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="LX175990"/>
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        <balance>2777.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35406.75000000</valUSD>
        <pctVal>0.007599464284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA INC.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA INC 5.875000% 02/01/2029</title>
        <cusip>404119BW8</cusip>
        <identifiers>
          <isin value="US404119BW86"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107501.05000000</valUSD>
        <pctVal>0.023073295063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PAYCHEX, INC.</name>
        <lei>529900K900DW6SUBM174</lei>
        <title>PAYCHEX INC COMMON STOCK</title>
        <cusip>704326107</cusip>
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          <isin value="US7043261079"/>
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        <balance>-10642.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-806131.50000000</valUSD>
        <pctVal>-0.17302258870</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTO 6.500000% 10/01/2025</title>
        <cusip>34960PAB7</cusip>
        <identifiers>
          <isin value="US34960PAB76"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40509.45000000</valUSD>
        <pctVal>0.008694673147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: BANK OF AMERICA MERRILL LYNCH</name>
        <lei>N/A</lei>
        <title>BRK: BANK OF AMERICA MERRILL LYNCH PAY: 3 MONTH USD - LIBOR + 1%</title>
        <cusip>TRS843145</cusip>
        <identifiers>
          <other otherDesc="All Others" value="TRS843145"/>
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        <balance>22922000000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>64592.66000000</valUSD>
        <pctVal>0.013863729732</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: BANK OF AMERICA MERRILL LYNCH</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="3647.66000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            <terminationDt>2021-05-21</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-1534571.86000000</notionalAmt>
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            <unrealizedAppr>64592.66000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>URBAN ONE, INC.</name>
        <lei>549300PLGIGPBRQUP240</lei>
        <title>URBAN ONE INC 144A 7.375000% 04/15/2022</title>
        <cusip>75040PAS7</cusip>
        <identifiers>
          <isin value="US75040PAS74"/>
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        <balance>705000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>627450.00000000</valUSD>
        <pctVal>0.134671605419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COGENT COMMUNICATIONS HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>COGENT COMMUNICATIONS HOLDIN COMMON STOCK</title>
        <cusip>19239V302</cusip>
        <identifiers>
          <isin value="US19239V3024"/>
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        <balance>-8153.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-630716.08000000</valUSD>
        <pctVal>-0.13537261464</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Evergy, Inc.</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>EVERGY INC COMMON STOCK</title>
        <cusip>30034W106</cusip>
        <identifiers>
          <isin value="US30034W1062"/>
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        <balance>16145.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>957237.05000000</valUSD>
        <pctVal>0.205454857423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kakao Corp.</name>
        <lei>988400FTKUBQXKVZP434</lei>
        <title>KAKAO CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035720002"/>
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        <balance>9084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1202.85000000"/>
        <valUSD>2020177.08000000</valUSD>
        <pctVal>0.433597084381</pctVal>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Demant A/S</name>
        <lei>213800RM6L9LN78BVA56</lei>
        <title>DEMANT A/S COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060738599"/>
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        <balance>-20168.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.63595000"/>
        <valUSD>-531556.63000000</valUSD>
        <pctVal>-0.11408970393</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fiat Chrysler Automobiles N.V.</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>FCAU US 07/17/20 C10 LONG</title>
        <cusip>20L99WZS8</cusip>
        <identifiers>
          <ticker value="FCAU US 07/17/20 C10 Equity"/>
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        <balance>174.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9570.00000000</valUSD>
        <pctVal>0.002054039786</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Fiat Chrysler Automobiles N.V.</issuerName>
                <issueTitle>FCAU Call 10 Jul 2020</issueTitle>
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                  <cusip value="N31738102"/>
                  <ticker value="FCAU-07/2020-C-10"/>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>TRANSAT A.T. INC.</name>
        <lei>549300XNV4JWXQW4SP54</lei>
        <title>TRANSAT A.T. INC COMMON STOCK</title>
        <cusip>89351T401</cusip>
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          <isin value="CA89351T4019"/>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG ENERGY CORP 144A 7.000000% 03/31/2024</title>
        <cusip>552704AC2</cusip>
        <identifiers>
          <isin value="US552704AC21"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68600.00000000</valUSD>
        <pctVal>0.014723837966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW GOLD INC.</name>
        <lei>5493005G0GNCHP0H6L96</lei>
        <title>NEW GOLD INC 144A 6.375000% 05/15/2025</title>
        <cusip>644532AA1</cusip>
        <identifiers>
          <isin value="US644532AA18"/>
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        <curCd>USD</curCd>
        <valUSD>126250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISRAELI SHEKEL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: ILS/USD SETTLE 2020-07-15</title>
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          <other otherDesc="FX Forwards" value="CCTILS__00001824"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <settlementDt>2020-07-15</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREEDOM MORTGAGE CORPORATION</name>
        <lei>549300LYRWPSYPK6S325</lei>
        <title>FREEDOM MORTGAGE CORP 144A 8.125000% 11/15/2024</title>
        <cusip>35640YAA5</cusip>
        <identifiers>
          <isin value="US35640YAA55"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>363750.00000000</valUSD>
        <pctVal>0.078072828865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cooper's Hawk TL</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="LX183079"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FREEPORT-MCMORAN INC.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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        <cusip>35671DBC8</cusip>
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          <isin value="US35671DBC83"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICAHN ENTERPRISES L.P.</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE C 6.250000% 02/01/2022</title>
        <cusip>451102BJ5</cusip>
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          <isin value="US451102BJ59"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>NORDSTROM, INC.</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC 144A 8.750000% 05/15/2025</title>
        <cusip>655664AU4</cusip>
        <identifiers>
          <isin value="US655664AU44"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>8.75000000</annualizedRt>
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      <invstOrSec>
        <name>PG&amp;E CORPORATION</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>P G &amp; E CORP COMMON STOCK</title>
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          <isin value="US69331C1080"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>U.S. DOLLARS</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00003303"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00092183"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <amtCurSold>22911157894.00000000</amtCurSold>
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            <amtCurPur>1484363.97000000</amtCurPur>
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            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>-73755.14000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Anaplan Inc</name>
        <lei>N/A</lei>
        <title>ANAPLAN INC COMMON STOCK</title>
        <cusip>03272L108</cusip>
        <identifiers>
          <isin value="US03272L1089"/>
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        <balance>-14447.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-654593.57000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CROWDSTRIKE HOLDINGS, INC.</name>
        <lei>549300YBY08K9KM4HX32</lei>
        <title>CROWDSTRIKE HOLDINGS INC - A COMMON STOCK</title>
        <cusip>22788C105</cusip>
        <identifiers>
          <isin value="US22788C1053"/>
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        <balance>10455.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1048531.95000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-31</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00062856"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-577.82000000</valUSD>
        <pctVal>-0.00012401935</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <amtCurSold>160444.00000000</amtCurSold>
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            <amtCurPur>117251.17000000</amtCurPur>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC COMMON STOCK</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <isin value="US92343V1044"/>
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        <balance>-27305.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1505324.65000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VTB Capital S.A.</name>
        <lei>529900Z143LRJYE8LK88</lei>
        <title>VTB BANK OJSC VIA VTB CAPITAL SA 6.950000% 10/17/2022</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS0842078536"/>
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        <balance>653000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>693486.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BRK: DEUTSCHE BANK</name>
        <lei>N/A</lei>
        <title>BRK: DEUTSCHE BANK PAY: 3 MONTH USD - LIBOR + 60 BPS</title>
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        <identifiers>
          <other otherDesc="All Others" value="B6W43X5"/>
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        <balance>10657000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BRK: DEUTSCHE BANK</counterpartyName>
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      <invstOrSec>
        <name>BRK: CITIGROUP</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS846208</cusip>
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          <other otherDesc="All Others" value="CDS846208"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC 3.810000% 01/09/2024</title>
        <cusip>345397YG2</cusip>
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          <isin value="US345397YG20"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19206.00000000</valUSD>
        <pctVal>0.004122245364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>B Riley Principal Merger II Corp</name>
        <lei>N/A</lei>
        <title>B. RILEY PRINCIPAL MERGER-A COMMON STOCK</title>
        <cusip>05600U106</cusip>
        <identifiers>
          <isin value="US05600U1060"/>
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        <balance>12140.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130262.20000000</valUSD>
        <pctVal>0.027958593671</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS 144A 5.950000% 01/28/2031</title>
        <cusip>71654QCZ3</cusip>
        <identifiers>
          <isin value="US71654QCZ37"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251670.75000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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      <invstOrSec>
        <name>BOXER PARENT COMPANY INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BRK: MORGAN STANLEY</name>
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              <counterpartyName>BRK: MORGAN STANLEY</counterpartyName>
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        <name>BRK: STATE STREET</name>
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        <name>CONVERGEONE HOLDINGS, CORP.</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BRK: GOLDMAN SACHS INTERNATIONAL</name>
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        <name>iRhythm Technologies Inc</name>
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        <name>COLT MERGER SUB, INC.</name>
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        <name>THE INTERPUBLIC GROUP OF COMPANIES, INC.</name>
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        <name>Morgan Stanley Institutional Liquidity Funds: ESG Money Market Portfolio; Institutional Class Shares</name>
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        <name>TRYON PARK CLO, LTD.</name>
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        <name>CENGAGE LEARNING INC.</name>
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        <name>REFINITIV US HOLDINGS INC.</name>
        <lei>549300NF240HXJO7N016</lei>
        <title>REFINITIV US HOLDINGS INC 144A 6.250000% 05/15/2026</title>
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          <isin value="US31740LAA17"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLONY CAPITAL, INC.</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>Colony Capital Inc PREFERRED STOCK</title>
        <cusip>19626G405</cusip>
        <identifiers>
          <isin value="US19626G4055"/>
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        <balance>4529.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76993.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC 7.750000% MATURITY: PERPETUAL</title>
        <cusip>06738EBA2</cusip>
        <identifiers>
          <isin value="US06738EBA29"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>289631.25000000</valUSD>
        <pctVal>0.062164483890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2168-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>BARCLAYS PLC</name>
              <title>BARC 7.75 PERP</title>
              <curCd>GBP</curCd>
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                <isin value="GB0031348658"/>
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          <currencyInfos>
            <currencyInfo convRatio="0.00000000" curCd="GBP"/>
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        <securityLending>
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      <invstOrSec>
        <name>RADIOLOGY PARTNERS</name>
        <lei>N/A</lei>
        <title>RADIOLOGY PARTNERS 7/4/2025</title>
        <cusip>75041EAB8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX174270"/>
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        <balance>24419.42000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/JPY SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002226"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3027.34000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurPur>287636.29000000</amtCurPur>
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            <unrealizedAppr>3027.34000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: EUR/USD SETTLE 2020-09-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTEUR__00002729"/>
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        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89035000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC</counterpartyName>
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            <amtCurSold>503122.05000000</amtCurSold>
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            <amtCurPur>448000.00000000</amtCurPur>
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        <securityLending>
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      <invstOrSec>
        <name>Rakuten, Inc.</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3967200001"/>
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        <balance>-96700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.88500000"/>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>THE MEET GROUP, INC.</name>
        <lei>549300G36FY0SJT18C53</lei>
        <title>MEET GROUP INC/THE COMMON STOCK</title>
        <cusip>58513U101</cusip>
        <identifiers>
          <isin value="US58513U1016"/>
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        <balance>84135.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>525002.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TIFFANY &amp; CO.</name>
        <lei>549300EJG9IEYQL5XT21</lei>
        <title>TIF US 07/17/20 P110 LONG</title>
        <cusip>70F996E35</cusip>
        <identifiers>
          <ticker value="TIF US 07/17/20 P110 Equity"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>525.00000000</valUSD>
        <pctVal>0.000112682433</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TIFFANY &amp; CO.</issuerName>
                <issueTitle>TIF Put 110 Jul 2020</issueTitle>
                <identifiers>
                  <cusip value="886547108"/>
                  <ticker value="TIF-07/2020-P-110"/>
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            </descRefInstrmnt>
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            <exercisePrice>110.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-07-20</expDt>
            <delta>XXXX</delta>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIR MEDICAL GROUP HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>AIR MEDICAL GROUP HOLDINGS INC. 4/28/2022</title>
        <cusip>00169QAE9</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX171691"/>
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        <curCd>USD</curCd>
        <valUSD>247434.54000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RUSH ENTERPRISES, INC.</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC-CL A COMMON STOCK</title>
        <cusip>781846209</cusip>
        <identifiers>
          <isin value="US7818462092"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WORKDAY, INC.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>WORKDAY INC-CLASS A COMMON STOCK</title>
        <cusip>98138H101</cusip>
        <identifiers>
          <isin value="US98138H1014"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>KOSMOS ENERGY LTD.</name>
        <lei>213800YDFJ3OT9B5P157</lei>
        <title>KOSMOS ENERGY LTD COMMON STOCK</title>
        <cusip>500688106</cusip>
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          <isin value="US5006881065"/>
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        <balance>330981.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>549428.46000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>MISYS LIMITED</name>
        <lei>N/A</lei>
        <title>MISYS LIMITED 6/13/2024</title>
        <cusip>02034DAC1</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX163228"/>
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        <curCd>USD</curCd>
        <valUSD>165043.53000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXY3</cusip>
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          <isin value="US74526QXY33"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10031.25000000</valUSD>
        <pctVal>0.002153039352</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>SWISS FRANC</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CHF/USD SETTLE 2020-09-16</title>
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        <identifiers>
          <ticker value="CHF-OLD"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94755000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>MONTGOMERY/BANK OF AMERICA</counterpartyName>
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            <amtCurSold>410732.02000000</amtCurSold>
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            <amtCurPur>393800.00000000</amtCurPur>
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            <settlementDt>2020-09-16</settlementDt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMC ENTERTAINMENT HOLDINGS, INC.</name>
        <lei>549300ZO77UNR6NRBR11</lei>
        <title>AMC ENTERTAINMENT HOLDINGS INC 6.125000% 05/15/2027</title>
        <cusip>00165CAD6</cusip>
        <identifiers>
          <isin value="US00165CAD65"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17050.00000000</valUSD>
        <pctVal>0.003659496170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RACKSPACE HOSTING, INC.</name>
        <lei>549300QTYCKLMFSE8I97</lei>
        <title>RACKSPACE HOSTING INC 144A 8.625000% 11/15/2024</title>
        <cusip>45332JAA0</cusip>
        <identifiers>
          <isin value="US45332JAA07"/>
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      </invstOrSec>
      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
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          <other otherDesc="All Others" value="TW_CMTL.O"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>N/A</name>
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          <ticker value="S1N20P Y 3020 US Index"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>HOLOGIC, INC.</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>HOLOGIC INC COMMON STOCK</title>
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          <isin value="US4364401012"/>
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        <balance>2127.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PETROBRAS GLOBAL FINANCE B.V.</name>
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          <isin value="US71647NAQ25"/>
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        <balance>894000.00000000</balance>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RUSSIA, FEDERATION OF (GOVERNMENT)</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>RUSSIA GOVT BOND - OFZ 7.150000% 11/12/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A100EG3"/>
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        <balance>184345000.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="71.25440000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EXTRACTION OIL &amp; GAS, INC.</name>
        <lei>5493002FL3WIE1JVUP20</lei>
        <title>EXTRACTION OIL &amp; GAS INC 144A 5.625000% 02/01/2026</title>
        <cusip>30227MAB1</cusip>
        <identifiers>
          <isin value="US30227MAB19"/>
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        <curCd>USD</curCd>
        <valUSD>51975.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW ZEALAND DOLLAR</name>
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          <other otherDesc="FX Forwards" value="CCTNZD__00002112"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
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        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
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          <isin value="US74514LB717"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/10/20 P2980 LONG</title>
        <cusip>80Y998JU4</cusip>
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          <ticker value="S2N20P Y 2980 US Index"/>
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        <balance>38.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>63194.00000000</valUSD>
        <pctVal>0.013563530851</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <writtenOrPur>Purchased</writtenOrPur>
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              <indexBasketInfo>
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            <shareNo>3800.00000000</shareNo>
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            <delta>XXXX</delta>
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        <name>VALARIS PLC</name>
        <lei>7N0UJMJLXD0MDT5D5086</lei>
        <title>VALARIS PLC 5.850000% 01/15/2044</title>
        <cusip>G9420RAE6</cusip>
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          <isin value="USG9420RAE65"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20350.00000000</valUSD>
        <pctVal>0.004367785752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP, INC.</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CITIZENS FINANCIAL GROUP COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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        <name>BRK: MORGAN STANLEY</name>
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        <title>BRK: MORGAN STANLEY REF: MASMOVIL IBERCOM(L)</title>
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          <other otherDesc="All Others" value="TW_MASM.M"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BRK: MORGAN STANLEY</counterpartyName>
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            <unrealizedAppr>-454.80000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RUSSIA, FEDERATION OF (GOVERNMENT)</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>RUSSIA GOVT BOND - OFZ 7.250000% 05/10/2034</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0ZYUB7"/>
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        <units>PA</units>
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        <payoffProfile>Long</payoffProfile>
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        <name>NOBLE HOLDING INTERNATIONAL LIMITED</name>
        <lei>549300GNEZBJHMST9U32</lei>
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        <name>JAPANESE YEN</name>
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        <name>Kraft Heinz Foods Company</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>RAIN CII CARBON LLC</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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          <other otherDesc="FX Forwards" value="CCTUSD__00001865"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>WYNN RESORTS, LIMITED</name>
        <lei>254900CEKKWIHTEAB172</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CDW CORPORATION</name>
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        <name>BRK: CITIGROUP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MEG Energy Corp.</name>
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        <name>S&amp;P 500 EQUAL WEIGHTED INTC USD TOTAL RETURN INDEX</name>
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        <name>COUPA SOFTWARE INCORPORATED</name>
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        <name>Nexi S.p.A.</name>
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        <name>IRON MOUNTAIN INCORPORATED</name>
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        <name>GENERAC HOLDINGS INC.</name>
        <lei>529900S2H2AHJHSFFI84</lei>
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        <name>VAIL RESORTS, INC.</name>
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        <name>Donnelley Financial Solutions 9/18 Cov-Lite TLB</name>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>HSBC</counterpartyName>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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          <ticker value="S1N20C Y 3100 US Index"/>
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        <name>BOOT BARN HOLDINGS, INC.</name>
        <lei>529900QE1BFMYA3N4E71</lei>
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        <name>Renesas Electronics Corporation</name>
        <lei>5299000EPC47VJQOFB81</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="S1N20C Y 3080 US Index"/>
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        <name>TWIN RIVER WORLDWIDE HOLDINGS, INC.</name>
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        <name>ELDORADO RESORTS, INC.</name>
        <lei>5299000BKFWWVND5L441</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <invCountry>JM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CANADIAN DOLLAR</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FRONTIER COMMUNICATIONS CORPORATION</name>
        <lei>549300ZCZ76HYCS0H445</lei>
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        <cusip>35906AAQ1</cusip>
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          <isin value="US35906AAQ13"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ziggo B.V.</name>
        <lei>213800TQASLF9JXH5J59</lei>
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        <cusip>98954NAA7</cusip>
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          <isin value="US98954NAA72"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106318.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>UNITED MEXICAN STATES 4.750000% 04/27/2032</title>
        <cusip>91087BAK6</cusip>
        <identifiers>
          <isin value="US91087BAK61"/>
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        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446512.50000000</valUSD>
        <pctVal>0.095836409618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>SPRINGLEAF FINANCE CORPORATION</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>SPRINGLEAF FINANCE CORP 6.125000% 03/15/2024</title>
        <cusip>85172FAP4</cusip>
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          <isin value="US85172FAP45"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00092314"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <curSold>THB</curSold>
            <amtCurPur>595945.78000000</amtCurPur>
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            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>-19284.51000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENLINK MIDSTREAM, LLC</name>
        <lei>54930000GY1H533OBE23</lei>
        <title>ENLINK MIDSTREAM LLC 5.375000% 06/01/2029</title>
        <cusip>29336TAA8</cusip>
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          <isin value="US29336TAA88"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IHEARTCOMMUNICATIONS, INC.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHEARTCOMMUNICATIONS INC 6.375000% 05/01/2026</title>
        <cusip>45174HBC0</cusip>
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          <isin value="US45174HBC07"/>
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        <balance>17322.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17148.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RITE AID CORPORATION</name>
        <lei>529900W353T1JY1DKT44</lei>
        <title>RITE AID CORP 144A 6.125000% 04/01/2023</title>
        <cusip>767754CH5</cusip>
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          <isin value="US767754CH50"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213950.00000000</valUSD>
        <pctVal>0.045920774531</pctVal>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J. C. PENNEY COMPANY INC.</name>
        <lei>N/A</lei>
        <title>J. C. PENNEY COMPANY INC. 6/23/2023</title>
        <cusip>46611NAJ2</cusip>
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          <other otherDesc="All Others" value="LX153006"/>
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        <balance>444107.62960000</balance>
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        <curCd>USD</curCd>
        <valUSD>159323.61000000</valUSD>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-23</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FACTSET RESEARCH SYSTEMS INC.</name>
        <lei>549300ZSJE7NBK6K9P30</lei>
        <title>FACTSET RESEARCH SYSTEMS INC COMMON STOCK</title>
        <cusip>303075105</cusip>
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          <isin value="US3030751057"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONSTAR MORTGAGE HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MORTGAGE HOLDINGS INC 144A 9.125000% 07/15/2026</title>
        <cusip>93369KAB1</cusip>
        <identifiers>
          <isin value="US93369KAB17"/>
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        <curCd>USD</curCd>
        <valUSD>264217.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
        <lei>N/A</lei>
        <title>BRK: MORGAN STANLEY REF: FIAT CHRYSLERAUTOMOBILES NV(L)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="TW_FCHA.M"/>
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        <balance>302335.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89035000"/>
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        <pctVal>0.046995758506</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: MORGAN STANLEY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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            <terminationDt>2021-11-01</terminationDt>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>EUR</rcptCurCd>
            <notionalAmt>-2509134.56610000</notionalAmt>
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            <unrealizedAppr>218958.47000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EPIC Y-GRADE SERVICES LP</name>
        <lei>N/A</lei>
        <title>EPIC Y-GRADE SERVICES LP 6/13/2024</title>
        <cusip>29427BAB5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX173582"/>
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        <balance>237138.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173900.71000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-13</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROPER TECHNOLOGIES, INC.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>ROPER TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>776696106</cusip>
        <identifiers>
          <isin value="US7766961061"/>
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        <balance>-2104.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-816899.04000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDEN NUGGET INC.</name>
        <lei>N/A</lei>
        <title>GOLDEN NUGGET INC. 10/4/2023</title>
        <cusip>51508PAG9</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX168592"/>
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        <curCd>USD</curCd>
        <valUSD>233452.26000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Wright Medical Group N.V.</name>
        <lei>549300JGCCQ1HTDOXU32</lei>
        <title>WMGI US 01/15/21 P25 LONG</title>
        <cusip>01P998DQ5</cusip>
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          <ticker value="WMGI US 01/15/21 P25 Equity"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
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              <otherRefInst>
                <issuerName>Wright Medical Group N.V.</issuerName>
                <issueTitle>WMGI Put 25 Jan 2021</issueTitle>
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            <delta>XXXX</delta>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOMBARDIER INC.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>BOMBARDIER INC 144A 7.500000% 12/01/2024</title>
        <cusip>097751BR1</cusip>
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          <isin value="US097751BR13"/>
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        <curCd>USD</curCd>
        <valUSD>16375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEX INC.</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
        <title>WEX INC COMMON STOCK</title>
        <cusip>96208T104</cusip>
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          <isin value="US96208T1043"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>VIACOMCBS INC.</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>VIACOMCBS INC - CLASS B COMMON STOCK</title>
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          <isin value="US92556H2067"/>
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        <curCd>USD</curCd>
        <valUSD>-965494.64000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>COLONY CAPITAL, INC.</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>Colony Capital Inc PREFERRED STOCK</title>
        <cusip>19626G702</cusip>
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          <isin value="US19626G7025"/>
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        <curCd>USD</curCd>
        <valUSD>17948.70000000</valUSD>
        <pctVal>0.003852387033</pctVal>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>United States of America</name>
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        <name>Agora Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Endo Designated Activity Company</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002840"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <name>PTC INC.</name>
        <lei>54930050SSMU8SKDJ030</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NMI HOLDINGS, INC.</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>SWAPTION ON 5 YR, 09/16/20-06/20/25</name>
        <lei>N/A</lei>
        <title>SWAPTION ON 5 YR, 09/16/20-06/20/25 PUT OPTION STP: 91</title>
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          <other otherDesc="Options" value="SWP841661"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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      <invstOrSec>
        <name>AGROFRESH INC.</name>
        <lei>N/A</lei>
        <title>AGROFRESH INC. 7/31/2021</title>
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          <other otherDesc="All Others" value="LX144519"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>IRB HOLDING CORP.</name>
        <lei>549300HVW4WNWYBXN830</lei>
        <title>IRB HOLDING CORP 144A 7.000000% 06/15/2025</title>
        <cusip>44988MAC9</cusip>
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        <balance>145000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>S&amp;P 500 INDEXCALL</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 INDEXCALL 12/18/2020</title>
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          <other otherDesc="Options" value="99C155LW8"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>POLYMER ADDITIVES, INC</name>
        <lei>N/A</lei>
        <title>POLYMER ADDITIVES, INC 7/31/2025</title>
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          <other otherDesc="All Others" value="LX174401"/>
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      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBBEAN CRUISES LTD 144A 10.875000% 06/01/2023</title>
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        <name>LAREDO PETROLEUM, INC</name>
        <lei>549300X0PTWU2QSLSL14</lei>
        <title>LAREDO PETROLEUM INC 10.125000% 01/15/2028</title>
        <cusip>516806AG1</cusip>
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        <name>EQT CORPORATION</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT CORP 6.125000% 02/01/2025</title>
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          <isin value="US26884LAH24"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>StoneCo Ltd</name>
        <lei>549300O1A9LEF0XZCR35</lei>
        <title>STONECO LTD-A COMMON STOCK</title>
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        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002373"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="S2N20P Y 2850 US Index"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002622"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <amtCurPur>986643.38000000</amtCurPur>
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        </derivativeInfo>
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      <invstOrSec>
        <name>FMG RESOURCES (AUGUST 2006) PTY LTD</name>
        <lei>549300EFD6S2NFE9D745</lei>
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        <cusip>30251GBA4</cusip>
        <identifiers>
          <isin value="US30251GBA40"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FORESCOUT TECHNOLOGIES, INC.</name>
        <lei>529900UJ1QN3N3MQ2826</lei>
        <title>FSCT US 07/17/20 C24 LONG</title>
        <cusip>30B99E9D0</cusip>
        <identifiers>
          <ticker value="FSCT US 07/17/20 C24 Equity"/>
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        <balance>40.00000000</balance>
        <units>NC</units>
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        <pctVal>0.000042926641</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>JEFFERIES LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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              <otherRefInst>
                <issuerName>FORESCOUT TECHNOLOGIES, INC.</issuerName>
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            </descRefInstrmnt>
            <shareNo>4000.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-5280.35000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: GOLDMAN SACHS INTERNATIONAL</name>
        <lei>N/A</lei>
        <title>BRK: GOLDMAN SACHS INTERNATIONAL PAY: 1MLIBOR - 50</title>
        <cusip>TRBH4DMW9</cusip>
        <identifiers>
          <other otherDesc="All Others" value="TRBH4DMW9"/>
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        <balance>11000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>121938.50000000</valUSD>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: GOLDMAN SACHS INTERNATIONAL</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>-593884.51200000</notionalAmt>
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            <unrealizedAppr>121938.50000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Commscope Finance LLC</name>
        <lei>549300NGP3QQM94T9A69</lei>
        <title>COMMSCOPE INC 144A 6.000000% 03/01/2026</title>
        <cusip>20338QAD5</cusip>
        <identifiers>
          <isin value="US20338QAD51"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153750.00000000</valUSD>
        <pctVal>0.032999855499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLY FINANCIAL INC.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC 5.800000% 05/01/2025</title>
        <cusip>02005NBJ8</cusip>
        <identifiers>
          <isin value="US02005NBJ81"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278539.45000000</valUSD>
        <pctVal>0.059783815290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INN OF THE MOUNTAIN GODS RESORT AND CASINO</name>
        <lei>N/A</lei>
        <title>INN OF THE MOUNTAIN GODS RESORT &amp; CASINO 9.250000% 11/30/2020</title>
        <cusip>45771VAG8</cusip>
        <identifiers>
          <isin value="US45771VAG86"/>
        </identifiers>
        <balance>192155.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>161410.20000000</valUSD>
        <pctVal>0.034643988788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMSCOPE, INC.</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>COMMSCOPE INC 144A 5.500000% 06/15/2024</title>
        <cusip>203372AM9</cusip>
        <identifiers>
          <isin value="US203372AM95"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56008.15000000</valUSD>
        <pctVal>0.012021208824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SNAP INC.</name>
        <lei>N/A</lei>
        <title>SNAP INC - A COMMON STOCK</title>
        <cusip>83304A106</cusip>
        <identifiers>
          <isin value="US83304A1060"/>
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        <balance>44954.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1055969.46000000</valUSD>
        <pctVal>0.226646111167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JACOBS ENTERTAINMENT, INC.</name>
        <lei>5493004U9JIWY3HSUO63</lei>
        <title>JACOBS ENTERTAINMENT INC 144A 7.875000% 02/01/2024</title>
        <cusip>469815AH7</cusip>
        <identifiers>
          <isin value="US469815AH78"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>317160.00000000</valUSD>
        <pctVal>0.068073067774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GUITAR CENTER ESCROW ISSUER, INC.</name>
        <lei>N/A</lei>
        <title>GUITAR CENTER INC 144A 9.500000% 10/15/2021</title>
        <cusip>40203CAA2</cusip>
        <identifiers>
          <isin value="US40203CAA27"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81125.00000000</valUSD>
        <pctVal>0.017412118877</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/17/20 P3050 LONG</title>
        <cusip>00T996JK4</cusip>
        <identifiers>
          <ticker value="TQN20P Y 3050 US Index"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>86598.00000000</valUSD>
        <pctVal>0.018586806416</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Put Option 3050 Jul 2020 on S&amp;P 500 Index</indexName>
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                <narrativeDesc>N/A</narrativeDesc>
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            <shareNo>1700.00000000</shareNo>
            <exercisePrice>50.00000000</exercisePrice>
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            <expDt>2020-07-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-82417.51000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE TRUST</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE TRUST 9.750000% 06/15/2025</title>
        <cusip>25525PAA5</cusip>
        <identifiers>
          <isin value="US25525PAA57"/>
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        <balance>310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332862.50000000</valUSD>
        <pctVal>0.071443345699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL EUROPEAN MEDIA ENTERPRISES LTD</name>
        <lei>54930067ZPEG8H2PPN39</lei>
        <title>CENTRAL EUROPEAN MEDIA ENT-A COMMON STOCK</title>
        <cusip>G20045202</cusip>
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          <isin value="BMG200452024"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW ZEALAND DOLLAR</name>
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          <other otherDesc="FX Forwards" value="CCTNZD__00002018"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>197358.99000000</amtCurSold>
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            <amtCurPur>325800.00000000</amtCurPur>
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            <unrealizedAppr>12337.38000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VOCERA COMMUNICATIONS, INC.</name>
        <lei>5493006D2J6NPNZ60K83</lei>
        <title>VOCERA COMMUNICATIONS INC COMMON STOCK</title>
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          <isin value="US92857F1075"/>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLOBAL MEDICAL RESPONSE, INC.</name>
        <lei>549300ZFWD4ZFCEJCQ87</lei>
        <title>AIR MEDICAL GROUP HOLDINGS INC 144A 6.375000% 05/15/2023</title>
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          <isin value="US00913CAA71"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: GOLDMAN</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS849858</cusip>
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          <other otherDesc="All Others" value="CDS849858"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: GOLDMAN</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IHEARTCOMMUNICATIONS, INC.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHEARTCOMMUNICATIONS INC 144A 5.250000% 08/15/2027</title>
        <cusip>45174HBE6</cusip>
        <identifiers>
          <isin value="US45174HBE62"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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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>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LA64</cusip>
        <identifiers>
          <isin value="US74514LA644"/>
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        <curCd>USD</curCd>
        <valUSD>19537.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QORVO, INC.</name>
        <lei>254900YAUJV2EUEVBR11</lei>
        <title>QORVO INC COMMON STOCK</title>
        <cusip>74736K101</cusip>
        <identifiers>
          <isin value="US74736K1016"/>
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        <balance>-7488.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
        <lei>N/A</lei>
        <title>BRK: MORGAN STANLEY REF: GRANDVISION NV(L)</title>
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        <identifiers>
          <other otherDesc="All Others" value="TW_GVNV.A"/>
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        <balance>169261.00000000</balance>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: MORGAN STANLEY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
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            <rcptCurCd>EUR</rcptCurCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Garmin Ltd.</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>GARMIN LTD COMMON STOCK</title>
        <cusip>H2906T109</cusip>
        <identifiers>
          <isin value="CH0114405324"/>
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        <balance>-12296.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARAMARK</name>
        <lei>549300MR6PG2DWZUIL39</lei>
        <title>ARAMARK COMMON STOCK</title>
        <cusip>03852U106</cusip>
        <identifiers>
          <isin value="US03852U1060"/>
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        <balance>50008.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <pctVal>0.242252327709</pctVal>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CHESAPEAKE ENERGY CORPORATION</name>
        <lei>N/A</lei>
        <title>CHESAPEAKE ENERGY CORPORATION 6/24/2024</title>
        <cusip>16516FAH2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX184560"/>
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        <balance>143377.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82236.93000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-15</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002117"/>
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        <balance>1.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>INTERNATIONAL BUSINESS MACHINES CORPORATION</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>INTL BUSINESS MACHINES CORP COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 6.875000% 01/26/2027</title>
        <cusip>040114HL7</cusip>
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          <isin value="US040114HL72"/>
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        <balance>507000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ESKOM HOLDINGS SOC LIMITED</name>
        <lei>3789001900ED06F65111</lei>
        <title>ESKOM HOLDINGS SOC LTD MTN 8.450000% 08/10/2028</title>
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        <identifiers>
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        <balance>757000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>WYNN RESORTS FINANCE, LLC</name>
        <lei>N/A</lei>
        <title>WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CO 7.750000% 04/15/2025</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>WEEKLEY HOMES, LLC</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>AUSTRALIAN DOLLAR</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="FX Forwards" value="CCTAUD__00002122"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CITI</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
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        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
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          <isin value="US74514LZL43"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ENVISION HEALTHCARE CORPORATION</name>
        <lei>N/A</lei>
        <title>ENVISION HEALTHCARE CORPORATION 10/10/2025</title>
        <cusip>29373UAC5</cusip>
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          <other otherDesc="All Others" value="LX175867"/>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-10</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSC HOLDINGS, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC 144A 5.750000% 01/15/2030</title>
        <cusip>126307BA4</cusip>
        <identifiers>
          <isin value="US126307BA42"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213507.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPENCER SPIRIT IH LLC</name>
        <lei>N/A</lei>
        <title>SPENCER SPIRIT IH LLC 6/19/2026</title>
        <cusip>84823UAB8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX180642"/>
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        <balance>180564.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>158295.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-19</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002494"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-9109.64000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002815"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <amtCurSold>491100.00000000</amtCurSold>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VULCAN MATERIALS COMPANY</name>
        <lei>549300Q8LSNHAVWBNI21</lei>
        <title>VULCAN MATERIALS CO COMMON STOCK</title>
        <cusip>929160109</cusip>
        <identifiers>
          <isin value="US9291601097"/>
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        <balance>10952.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELPHI TECHNOLOGIES PLC</name>
        <lei>549300SEU65CJHRH6V04</lei>
        <title>DLPH US 09/18/20 P6 LONG</title>
        <cusip>00K99B9N7</cusip>
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          <ticker value="DLPH US 09/18/20 P6 Equity"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN SACHS &amp; CO</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>DELPHI TECHNOLOGIES PLC</issuerName>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002116"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI GOVERNMENT INTERNATIONAL BOND MTN 3.750000% 01/21/2055</title>
        <cusip>80413TAR0</cusip>
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          <isin value="US80413TAR05"/>
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        <balance>300000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AUTOMATIC DATA PROCESSING, INC.</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
        <title>AUTOMATIC DATA PROCESSING COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Lightspeed POS Inc</name>
        <lei>254900T8MDWRTGMFZ257</lei>
        <title>LIGHTSPEED POS INC-SUB VOTE COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TAIYO YUDEN CO., LTD.</name>
        <lei>353800V9G3X5PLB9AD43</lei>
        <title>TAIYO YUDEN CO LTD COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CAMPBELL SOUP COMPANY</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>CAMPBELL SOUP CO COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALLEGHENY TECHNOLOGIES INCORPORATED</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ALLEGHENY TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>01741R102</cusip>
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          <isin value="US01741R1023"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLOBAL A&amp;T ELECTRONICS LTD.</name>
        <lei>54930083GODGBHODQ153</lei>
        <title>GLOBAL A&amp;T ELECTRONICS LTD 8.500000% 01/12/2023</title>
        <cusip>379390AH0</cusip>
        <identifiers>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BELDEN INC.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>BELDEN INC COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMAZON.COM, INC.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SERITAGE GROWTH PROPERTIES</name>
        <lei>5493003CJFC2MM82WB25</lei>
        <title>SERITAGE GROWTH PROP- A REIT REIT</title>
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          <isin value="US81752R1005"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002674"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <name>SOUTHWESTERN ENERGY COMPANY</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
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          <isin value="US845467AM16"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>JAPANESE YEN</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TeamViewer AG</name>
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          <isin value="DE000A2YN900"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITI GROUP INC.</name>
        <lei>549300V3NU625PJUVA84</lei>
        <title>UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAP 8.250000% 10/15/2023</title>
        <cusip>20341WAD7</cusip>
        <identifiers>
          <isin value="US20341WAD74"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>BOARDRIDERS</name>
        <lei>N/A</lei>
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        <cusip>09660JAB6</cusip>
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          <other otherDesc="All Others" value="LX171932"/>
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        <name>MONITRONICS INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TUTOR PERINI CORPORATION</name>
        <lei>549300FHXYVPW8LJ6D98</lei>
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        <curCd>USD</curCd>
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        <name>KIMCO REALTY CORPORATION</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>KIMCO REALTY CORP REIT</title>
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        <name>NEW ALBERTSONS L.P.</name>
        <lei>N/A</lei>
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        <name>ISRAELI SHEKEL</name>
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        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
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        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
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        <name>NVIDIA CORPORATION</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/02/20 P3000 LONG</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      </invstOrSec>
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        <name>NXP Semiconductors N.V.</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>BORGWARNER INC.</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>UNITED RENTALS, INC.</name>
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        <name>TAKE-TWO INTERACTIVE SOFTWARE, INC.</name>
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        <name>IHEARTMEDIA, INC.</name>
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        <name>RUSSIA, FEDERATION OF (GOVERNMENT)</name>
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        <name>MONITRONICS INTERNATIONAL, INC.</name>
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        <name>Willis Towers Watson Public Limited Company</name>
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        <name>RED LOBSTER MANAGEMENT LLC</name>
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        <name>SARACEN DEVELOPMENT LLC</name>
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        <name>CRESTWOOD MIDSTREAM PARTNERS LP</name>
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        <name>OMNICOM GROUP INC.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
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        <name>Fiat Chrysler Automobiles N.V.</name>
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        <name>SS&amp;C TECHNOLOGIES HOLDINGS, INC.</name>
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        <name>ALIGN TECHNOLOGY, INC.</name>
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        <name>PAYLOCITY HOLDING CORPORATION</name>
        <lei>549300VH75FTB4DIEE07</lei>
        <title>PAYLOCITY HOLDING CORP COMMON STOCK</title>
        <cusip>70438V106</cusip>
        <identifiers>
          <isin value="US70438V1061"/>
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        <balance>-6211.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-906122.79000000</valUSD>
        <pctVal>-0.19448403990</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMN HEALTHCARE SERVICES, INC.</name>
        <lei>529900W3ARRTCNFH2I39</lei>
        <title>AMN HEALTHCARE SERVICES INC COMMON STOCK</title>
        <cusip>001744101</cusip>
        <identifiers>
          <isin value="US0017441017"/>
        </identifiers>
        <balance>27113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1226592.12000000</valUSD>
        <pctVal>0.263267399785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OUTFRONT MEDIA INC.</name>
        <lei>549300RZWDYU5722I639</lei>
        <title>OUTFRONT MEDIA INC REIT</title>
        <cusip>69007J106</cusip>
        <identifiers>
          <isin value="US69007J1060"/>
        </identifiers>
        <balance>66929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>948383.93000000</valUSD>
        <pctVal>0.203554683890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JACK HENRY &amp; ASSOCIATES, INC.</name>
        <lei>529900X1QS8C54W0JB21</lei>
        <title>JACK HENRY &amp; ASSOCIATES INC COMMON STOCK</title>
        <cusip>426281101</cusip>
        <identifiers>
          <isin value="US4262811015"/>
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        <balance>-4592.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-845065.76000000</valUSD>
        <pctVal>-0.18137917377</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>APACHE CORPORATION</name>
        <lei>72ZZ1XRHOOU9P9X16K08</lei>
        <title>APACHE CORP COMMON STOCK</title>
        <cusip>037411105</cusip>
        <identifiers>
          <isin value="US0374111054"/>
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        <balance>111028.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1498878.00000000</valUSD>
        <pctVal>0.321708991295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Russell 2000 ETF</name>
        <lei>N/A</lei>
        <title>ISHARES RUSSELL 2000 ETF MUTUAL FUND</title>
        <cusip>464287655</cusip>
        <identifiers>
          <isin value="US4642876555"/>
        </identifiers>
        <balance>-12857.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1840865.26000000</valUSD>
        <pctVal>-0.39511081349</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROCHIP TECHNOLOGY INCORPORATED</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>MICROCHIP TECHNOLOGY INC 144A 4.250000% 09/01/2025</title>
        <cusip>595017AS3</cusip>
        <identifiers>
          <isin value="US595017AS32"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150954.50000000</valUSD>
        <pctVal>0.032399848370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEXION INC.</name>
        <lei>54930030FZF8HYAEHM46</lei>
        <title>HEXION INC 144A 7.875000% 07/15/2027</title>
        <cusip>42829LAF1</cusip>
        <identifiers>
          <isin value="US42829LAF13"/>
        </identifiers>
        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218400.00000000</valUSD>
        <pctVal>0.046875892299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP INC.</name>
        <lei>549300V3NU625PJUVA84</lei>
        <title>UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAP 6.000000% 04/15/2023</title>
        <cusip>20341WAA3</cusip>
        <identifiers>
          <isin value="US20341WAA36"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>224250.00000000</valUSD>
        <pctVal>0.048131496558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2020-09-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002720"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3780.65000000</valUSD>
        <pctVal>-0.00081145303</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>1414200.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>1587149.59000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>-3780.65000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKR2</cusip>
        <identifiers>
          <isin value="US74526QKR29"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6662.50000000</valUSD>
        <pctVal>0.001429993738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUMULUS MEDIA NEW HOLDINGS INC.</name>
        <lei>5493001D9VBAVY1OKJ46</lei>
        <title>CUMULUS MEDIA NEW HOLDINGS INC 144A 6.750000% 07/01/2026</title>
        <cusip>23110AAA4</cusip>
        <identifiers>
          <isin value="US23110AAA43"/>
        </identifiers>
        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>161656.25000000</valUSD>
        <pctVal>0.034696799288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T-MOBILE USA, INC.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC 4.750000% 02/01/2028</title>
        <cusip>87264AAV7</cusip>
        <identifiers>
          <isin value="US87264AAV70"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100358.00000000</valUSD>
        <pctVal>0.021540159338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00001866"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-18788.42000000</valUSD>
        <pctVal>-0.00403261882</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>934900.00000000</amtCurSold>
            <curSold>CAD</curSold>
            <amtCurPur>667711.79000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-07-15</settlementDt>
            <unrealizedAppr>-18788.42000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cineplex Inc.</name>
        <lei>549300WDU0AS30W35T75</lei>
        <title>CINEPLEX INC COMMON STOCK</title>
        <cusip>172454100</cusip>
        <identifiers>
          <isin value="CA1724541000"/>
        </identifiers>
        <balance>17274.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36200000"/>
        <valUSD>101969.87000000</valUSD>
        <pctVal>0.021886120164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISH DBS Corporation</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP 7.750000% 07/01/2026</title>
        <cusip>25470XAY1</cusip>
        <identifiers>
          <isin value="US25470XAY13"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132500.00000000</valUSD>
        <pctVal>0.028438899861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INPHI CORPORATION</name>
        <lei>549300DCMERAAZFGT726</lei>
        <title>INPHI CORP COMMON STOCK</title>
        <cusip>45772F107</cusip>
        <identifiers>
          <isin value="US45772F1075"/>
        </identifiers>
        <balance>-3436.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-403730.00000000</valUSD>
        <pctVal>-0.08665386446</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AG ISSUER, LLC</name>
        <lei>N/A</lei>
        <title>AG ISSUER LLC 144A 6.250000% 03/01/2028</title>
        <cusip>00119LAA9</cusip>
        <identifiers>
          <isin value="US00119LAA98"/>
        </identifiers>
        <balance>480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446400.00000000</valUSD>
        <pctVal>0.095812263382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LXB8</cusip>
        <identifiers>
          <isin value="US74514LXB88"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3193.75000000</valUSD>
        <pctVal>0.000685484803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>J. C. PENNEY CORPORATION, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEGG MASON, INC.</name>
        <lei>OWUNCC6U1ZJXMZKFBJ36</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JACK IN THE BOX INC.</name>
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        <title>JACK IN THE BOX INC COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLEGHENY TECHNOLOGIES INCORPORATED</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ALLEGHENY TECHNOLOGIES INC 7.875000% 08/15/2023</title>
        <cusip>01741RAF9</cusip>
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          <isin value="US01741RAF91"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIFESCAN GLOBAL CORPORATION</name>
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          <other otherDesc="All Others" value="LX173565"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TRIUMPH GROUP, INC.</name>
        <lei>5493007L6S47Q14SL582</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PAR PHARMACEUTICAL, INC.</name>
        <lei>N/A</lei>
        <title>PAR PHARMACEUTICAL INC 144A 7.500000% 04/01/2027</title>
        <cusip>69888XAA7</cusip>
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          <isin value="US69888XAA72"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BRK: CITI</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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        <name>DIAMOND SPORTS GROUP, LLC</name>
        <lei>5493002K6DHWNZH8YA34</lei>
        <title>DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE 6.625000% 08/15/2027</title>
        <cusip>25277LAC0</cusip>
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          <isin value="US25277LAC00"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>iShares Expanded Tech-Software ETF</name>
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        <title>ISHARES EXPANDED TECH-SOFTWA MUTUAL FUND</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/10/20 P2950 SHORT</title>
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          <ticker value="S2N20P Y 2950 US Index"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-419688.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>SUGARHOUSE HSP GAMING PROP. MEZZ, L.P.</name>
        <lei>549300BND6SAKKOQWR95</lei>
        <title>SUGARHOUSE HSP GAMING PROP MEZZ LP / SUGARHOUSE HS 5.875000% 05/15/2025</title>
        <cusip>865033AC8</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>THE CHEESECAKE FACTORY INCORPORATED</name>
        <lei>529900872XMLK10SY247</lei>
        <title>CHEESECAKE FACTORY INC/THE COMMON STOCK</title>
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        <name>TERRIER MEDIA BUYER, INC.</name>
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        <name>SYNIVERSE HOLDINGS INC.</name>
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        <name>Republica de Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>REPUBLIC OF COLOMBIA 5.200000% 05/15/2049</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>RINGCENTRAL, INC.</name>
        <lei>549300C8EH0H1614VE84</lei>
        <title>RINGCENTRAL INC-CLASS A COMMON STOCK</title>
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        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2020-08-19</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002800"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CAESARS ENTERTAINMENT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KOREAN WON</name>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKRW__00002812"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PRIME SECURITY SERVICES BORROWER, LLC</name>
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        <name>EQUIFAX INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PRIDE INTERNATIONAL LLC</name>
        <lei>N/A</lei>
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          <isin value="US74153QAJ13"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <ticker value="S2N20P Y 2930 US Index"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>Commscope Finance LLC</name>
        <lei>549300NGP3QQM94T9A69</lei>
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          <isin value="US20338QAA13"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLASS MOUNTAIN 12/17 TLB</name>
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        <title>GLASS MOUNTAIN 12/17 TLB 12/23/2024</title>
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          <other otherDesc="All Others" value="LX170112"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAINE GOVERNMENT VARIABLE RATE 05/31/2040</title>
        <cusip>N/A</cusip>
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          <isin value="XS1303929894"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY</name>
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        <name>VIDA CAPITAL, INC.</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="LX182879"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/02/20 P3050 SHORT</title>
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          <ticker value="S1N20P Y 3050 US Index"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACADEMY LTD.</name>
        <lei>N/A</lei>
        <title>ACADEMY LTD. 7/1/2022</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS 3.500000% 01/30/2023</title>
        <cusip>71654QBG6</cusip>
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          <isin value="US71654QBG64"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>OMNICOM GROUP INC.</name>
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        <name>HEICO CORPORATION</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ARDAGH PACKAGING FINANCE PLC</name>
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        <name>MONITRONICS INTERNATIONAL</name>
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        <name>OCTAGON INVESTMENT PARTNERS, LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>U.S. DOLLARS</name>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <name>INFOSYS LIMITED</name>
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        <name>GETTY IMAGES, INC.</name>
        <lei>5493005NV20IG4VEKZ40</lei>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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      <invstOrSec>
        <name>PISCES MIDCO INC</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="LX172378"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCGRAW-HILL GLOBAL EDUCATION HOLDINGS, LLC</name>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GRUBHUB HOLDINGS INC.</name>
        <lei>N/A</lei>
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          <isin value="US40010PAA66"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T-MOBILE US, INC.</name>
        <lei>549300QHIJYOHPACPG31</lei>
        <title>T-MOBILE US INC COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Fiat Chrysler Automobiles N.V.</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>FIAT CHRYSLER AUTOMOBILES NV COMMON STOCK</title>
        <cusip>N31738102</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SPDR S&amp;P 500 ETF Trust</name>
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        <title>SPDR S&amp;P 500 ETF TRUST MUTUAL FUND</title>
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          <isin value="US78462F1030"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>D.R. HORTON, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/02/20 P2950 SHORT</title>
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          <ticker value="S1N20P Y 2950 US Index"/>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <writtenOrPur>Written</writtenOrPur>
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              <indexBasketInfo>
                <indexName>Put Option 2950 Jul 2020 on S&amp;P 500 Index</indexName>
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        <name>REPAY HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>REPAY HOLDINGS CORP COMMON STOCK</title>
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          <isin value="US76029L1008"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>CNX RESOURCES CORPORATION</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX RESOURCES CORP 144A 7.250000% 03/14/2027</title>
        <cusip>12653CAC2</cusip>
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          <isin value="US12653CAC29"/>
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        <balance>140000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
        <lei>N/A</lei>
        <title>BRK: MORGAN STANLEY REF: GILAT SATELLITE (L)</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JAPANESE YEN</name>
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          <other otherDesc="FX Forwards" value="CCTJPY__00002375"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>ARAB REPUBLIC OF EGYPT 8.700200% 03/01/2049</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>U.S. DOLLARS</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00003038"/>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>IHEARTMEDIA, INC.</name>
        <lei>N/A</lei>
        <title>IHEARTMEDIA INC - CLASS A COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>iShares Russell 2000 ETF</name>
        <lei>N/A</lei>
        <title>ISHARES RUSSELL 2000 ETF MUTUAL FUND</title>
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          <isin value="US4642876555"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHESAPEAKE ENERGY CORPORATION</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>CHESAPEAKE ENERGY CORP 7.500000% 10/01/2026</title>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MDGH ? GMTN B.V.</name>
        <lei>213800L53ZH5KG593W13</lei>
        <title>MDGH - GMTN BV MTN 4.500000% 11/07/2028</title>
        <cusip>N/A</cusip>
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          <isin value="XS1904648570"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>234076.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KKR &amp; CO. INC.</name>
        <lei>549300JOHU21WRN2Z451</lei>
        <title>KKR &amp; CO INC COMMON STOCK</title>
        <cusip>48251W104</cusip>
        <identifiers>
          <isin value="US48251W1045"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-748840.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIUMPH GROUP, INC.</name>
        <lei>5493007L6S47Q14SL582</lei>
        <title>TRIUMPH GROUP INC 144A 6.250000% 09/15/2024</title>
        <cusip>896818AQ4</cusip>
        <identifiers>
          <isin value="US896818AQ45"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17000.00000000</valUSD>
        <pctVal>0.003648764510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIR CANADA</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>AIR CANADA COMMON STOCK</title>
        <cusip>008911877</cusip>
        <identifiers>
          <isin value="CA0089118776"/>
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        <balance>37532.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36200000"/>
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        <pctVal>0.100251577797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HILTON DOMESTIC OPERATING CO INC 4.250000% 09/01/2024</title>
        <cusip>432833AB7</cusip>
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          <isin value="US432833AB70"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101871.00000000</valUSD>
        <pctVal>0.021864899379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <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>AFFINITY GAMING (FKA AFFINITY GAMING LLC)</name>
        <lei>N/A</lei>
        <title>AFFINITY GAMING (FKA AFFINITY GAMING LLC) 1/31/2025</title>
        <cusip>00829UAE2</cusip>
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          <other otherDesc="All Others" value="LX155083"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-31</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRAFT BREW ALLIANCE, INC.</name>
        <lei>JJD4WAP2U5KDLYQQGZ83</lei>
        <title>CRAFT BREW ALLIANCE INC COMMON STOCK</title>
        <cusip>224122101</cusip>
        <identifiers>
          <isin value="US2241221017"/>
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        <balance>-33146.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-510116.94000000</valUSD>
        <pctVal>-0.10948803452</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PREMIER BRANDS GROUP HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>PREMIER BRANDS GROUP HOLDINGS LLC 3/19/2024</title>
        <cusip>74053DAB8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX179151"/>
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        <balance>60525.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50438.08000000</valUSD>
        <pctVal>0.010825686840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.30638080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: CITIGROUP</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS818839</cusip>
        <identifiers>
          <other otherDesc="All Others" value="CDS818839"/>
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        <balance>-654000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-52548.12000000</valUSD>
        <pctVal>-0.01127857149</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: CITIGROUP</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
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            <upfrontRcpt>-13852.05000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-654000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-38696.07000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENVEO CORPORATION</name>
        <lei>N/A</lei>
        <title>CENVEO CORPORATION 6/7/2023</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX175764"/>
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        <balance>304691.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>271175.79000000</valUSD>
        <pctVal>0.058203329333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.75000040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW ENTERPRISE STONE &amp; LIME CO., INC.</name>
        <lei>549300O5DQ5Y61B8VF38</lei>
        <title>NEW ENTERPRISE STONE &amp; LIME CO INC 144A 6.250000% 03/15/2026</title>
        <cusip>644274AF9</cusip>
        <identifiers>
          <isin value="US644274AF98"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180900.00000000</valUSD>
        <pctVal>0.038827147056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CENVEO CORP 8.500%   09/15/2022</title>
        <cusip>184ESC9Q6</cusip>
        <identifiers>
          <other otherDesc="All Others" value="1567ESCL2"/>
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        <balance>505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>429.96000000</valUSD>
        <pctVal>0.000092283693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>
      <invstOrSec>
        <name>BRK: GOLDMAN</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="CDS8416JW"/>
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        <balance>50000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8623.48000000</valUSD>
        <pctVal>0.001850885163</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRIUMPH GROUP, INC.</name>
        <lei>5493007L6S47Q14SL582</lei>
        <title>TRIUMPH GROUP INC 7.750000% 08/15/2025</title>
        <cusip>896818AP6</cusip>
        <identifiers>
          <isin value="US896818AP61"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135225.00000000</valUSD>
        <pctVal>0.029023775349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <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>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2020-07-31</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00062813"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1344.85000000</valUSD>
        <pctVal>-0.00028864946</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <amtCurPur>1571970.54000000</amtCurPur>
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      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
        <lei>N/A</lei>
        <title>BRK: MORGAN STANLEY REF: NIBC HOLDING AIW(L)</title>
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        <identifiers>
          <other otherDesc="All Others" value="TW_NIBC.A"/>
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        <balance>9726.00000000</balance>
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        <valUSD>-3542.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BRK: MORGAN STANLEY</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <pmntCurCd>EUR</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>EUR</rcptCurCd>
            <notionalAmt>-70652.06240000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-3542.00000000</unrealizedAppr>
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        <name>IHEARTCOMMUNICATIONS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BRK: MORGAN STANLEY</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPRINGLEAF FINANCE CORPORATION</name>
        <lei>5493008I795YYBFWFU90</lei>
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        <cusip>85172FAM1</cusip>
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          <isin value="US85172FAM14"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHESAPEAKE ENERGY CORPORATION</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>CHESAPEAKE ENERGY CORP 7.000000% 10/01/2024</title>
        <cusip>165167DA2</cusip>
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          <isin value="US165167DA21"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI GOVERNMENT INTERNATIONAL BOND MTN 2.750000% 02/03/2032</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2109766472"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-03</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FEDERAL REPUBLIC OF NIGERIA</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>REPUBLIC OF NIGERIA 7.625000% 11/21/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1910826996"/>
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        <balance>1017000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/JPY SETTLE 2020-08-19</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002623"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>SALEM MEDIA GROUP, INC.</name>
        <lei>549300CTHBTS2MIXZL54</lei>
        <title>SALEM MEDIA GROUP INC 144A 6.750000% 06/01/2024</title>
        <cusip>794093AG9</cusip>
        <identifiers>
          <isin value="US794093AG99"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GTCR (AP) FINANCE INC.</name>
        <lei>N/A</lei>
        <title>GTCR AP FINANCE INC 144A 8.000000% 05/15/2027</title>
        <cusip>40060QAA3</cusip>
        <identifiers>
          <isin value="US40060QAA31"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/JPY SETTLE 2020-08-19</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002382"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>PENN NATIONAL GAMING, INC.</name>
        <lei>N/A</lei>
        <title>PENN NATIONAL GAMING INC COMMON STOCK</title>
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          <isin value="US7075691094"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/10/20 P2880 LONG</title>
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          <ticker value="S2N20P Y 2880 US Index"/>
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        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RUSSIA, FEDERATION OF (GOVERNMENT)</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>RUSSIA GOVT BOND - OFZ 7.400000% 07/17/2024</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A1007F4"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DCP MIDSTREAM OPERATING, LP</name>
        <lei>549300Y6CTBSE0QIPL28</lei>
        <title>DCP MIDSTREAM OPERATING LP 8.125000% 08/16/2030</title>
        <cusip>26439XAC7</cusip>
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          <isin value="US26439XAC74"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AXIS CAPITAL HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>AXIS CAPITAL HOLDINGS LTD COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
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          <ticker value="CDX-NAHY"/>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BRK: CREDIT SUISSE</counterpartyName>
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        <name>GOLDEN ENTERTAINMENT, INC.</name>
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        <name>BITAUTO HOLDINGS LIMITED</name>
        <lei>5299005PX9C9U3YQV657</lei>
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        <name>LIBBEY GLASS INC.</name>
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          <other otherDesc="All Others" value="LX136370"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
        <lei>N/A</lei>
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        <pctVal>0.018415314484</pctVal>
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              <indexBasketInfo>
                <indexName>Put Option 3150 Jul 2020 on S&amp;P 500 Index</indexName>
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        <name>ZSCALER, INC.</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NRG ENERGY, INC.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARISTA NETWORKS, INC.</name>
        <lei>635400H1WKBLOQERUU95</lei>
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        <name>MALAYSIAN RINGGIT</name>
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      </invstOrSec>
      <invstOrSec>
        <name>AMC ENTERTAINMENT HOLDINGS, INC.</name>
        <lei>549300ZO77UNR6NRBR11</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MALAYSIAN RINGGIT</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DUPONT DE NEMOURS, INC.</name>
        <lei>5493004JF0SDFLM8GD76</lei>
        <title>DUPONT DE NEMOURS INC COMMON STOCK</title>
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        <name>PARKER DRILLING COMPANY</name>
        <lei>5493003B4WZ1YZYFR583</lei>
        <title>PARKER DRILLING CO-POST BANK COMMON STOCK</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CAMPBELL SOUP COMPANY</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>CAMPBELL SOUP CO COMMON STOCK</title>
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        <name>AMERICAN GREETINGS</name>
        <lei>N/A</lei>
        <title>AMERICAN GREETINGS 4/6/2024</title>
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          <other otherDesc="All Others" value="LX172399"/>
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      <invstOrSec>
        <name>NOBLE HOLDING INTERNATIONAL LIMITED</name>
        <lei>549300GNEZBJHMST9U32</lei>
        <title>NOBLE HOLDING INTERNATIONAL LTD 7.750000% 01/15/2024</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Landcadia Holdings II Inc</name>
        <lei>N/A</lei>
        <title>LANDCADIA HOLDINGS II INC-A SPECIAL PURPOSE ACQUISITION COMPANIES</title>
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          <isin value="US51476X1054"/>
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        <balance>2963.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>J. C. PENNEY CORPORATION, INC.</name>
        <lei>8TDNUQ07MEFMWW1VHP39</lei>
        <title>J.C. PENNEY CORPORATION, INC. 11/16/2020</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arconic Corporation</name>
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        <name>ASPEN TECHNOLOGY, INC.</name>
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        <name>EQT CORPORATION</name>
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        <name>FORESCOUT TECHNOLOGIES, INC.</name>
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        <name>PUERTO RICO COMWLTH</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NIELSEN HOLDINGS PLC</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>SIMON PROPERTY GROUP, INC.</name>
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        <name>SIMON PROPERTY GROUP, INC.</name>
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        <name>N/A</name>
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        <name>BUILDERS FIRSTSOURCE, INC.</name>
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        <name>TGG TS ACQUISITION COMPANY</name>
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        <name>N/A</name>
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        <name>Rubicon Project Inc</name>
        <lei>54930018FR2YX1HHSB02</lei>
        <title>RUBICON PROJECT INC/THE COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TALEND S.A.</name>
        <lei>549300CGJZ1TI6ZGS674</lei>
        <title>TALEND SA  - ADR DEPOSITARY RECEIPT</title>
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        <name>FORD MOTOR CREDIT COMPANY LLC</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
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        <name>CONSTELLIUM SE</name>
        <lei>724500KRJEMC79KAAU28</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Endo Designated Activity Company</name>
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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wright Medical Group N.V.</name>
        <lei>549300JGCCQ1HTDOXU32</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>VENTURE CLO LIMITED</name>
        <lei>N/A</lei>
        <title>VENTURE XVII CLO LTD VENTR 2014-17A DRR</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>S&amp;P 500 INDEXCALL</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 INDEXCALL 12/18/2020</title>
        <cusip>99C156LW6</cusip>
        <identifiers>
          <other otherDesc="Options" value="99C156LW6"/>
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        <balance>11104.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2340090.26000000</valUSD>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <writtenOrPur>Purchased</writtenOrPur>
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      <invstOrSec>
        <name>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: JPY/USD SETTLE 2020-08-19</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTJPY__00002839"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-15</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002380"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>CHENIERE ENERGY PARTNERS, L.P.</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS LP 144A 4.500000% 10/01/2029</title>
        <cusip>16411QAE1</cusip>
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          <isin value="US16411QAE17"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Netfin Acquisition Corp</name>
        <lei>549300VSCB4W9C87OM18</lei>
        <title>NETFIN ACQUISITION CORP-CL A SPECIAL PURPOSE ACQUISITION COMPANIES</title>
        <cusip>G6455A107</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>ACTIVISION BLIZZARD, INC.</name>
        <lei>549300TPQQDBP9GNOF40</lei>
        <title>ACTIVISION BLIZZARD INC COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAGUAR HOLDING COMPANY II</name>
        <lei>N/A</lei>
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          <isin value="US47010LAA08"/>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QUX8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>GRAND CANYON EDUCATION, INC.</name>
        <lei>529900XFER799IYOSW74</lei>
        <title>GRAND CANYON EDUCATION INC COMMON STOCK</title>
        <cusip>38526M106</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Cumulus Media Inc</name>
        <lei>549300OW8SUYVNKSAC51</lei>
        <title>CUMULUS MEDIA INC-CL A COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BROADRIDGE FINANCIAL SOLUTIONS, INC.</name>
        <lei>N/A</lei>
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        <cusip>11133T103</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Merger Fund; Institutional Class Shares</name>
        <lei>N/A</lei>
        <title>MERGER FUND-INST MUTUAL FUND</title>
        <cusip>589509207</cusip>
        <identifiers>
          <isin value="US5895092071"/>
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        <balance>3745835.80300000</balance>
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        <curCd>USD</curCd>
        <valUSD>64053792.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXPEDIA GROUP, INC.</name>
        <lei>N/A</lei>
        <title>EXPEDIA GROUP INC COMMON STOCK</title>
        <cusip>30212P303</cusip>
        <identifiers>
          <isin value="US30212P3038"/>
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        <balance>23663.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1945098.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PFIZER INC.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>PFIZER INC COMMON STOCK</title>
        <cusip>717081103</cusip>
        <identifiers>
          <isin value="US7170811035"/>
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        <balance>7010.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>229227.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2020-09-11</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00019326"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>120.07000000</valUSD>
        <pctVal>0.000025771009</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS CAPITAL (DMA)</counterpartyName>
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            <amtCurSold>130000.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>146349.23000000</amtCurPur>
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      <invstOrSec>
        <name>GRAY TELEVISION, INC.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GRAY TELEVISION INC COMMON STOCK</title>
        <cusip>389375106</cusip>
        <identifiers>
          <isin value="US3893751061"/>
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        <balance>3520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49104.00000000</valUSD>
        <pctVal>0.010539348972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>OCCIDENTAL PETROLEUM CORP 2.700000% 02/15/2023</title>
        <cusip>674599CE3</cusip>
        <identifiers>
          <isin value="US674599CE35"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54675.00000000</valUSD>
        <pctVal>0.011735070565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS841671</cusip>
        <identifiers>
          <ticker value="CDX-NAHY"/>
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        <balance>346500.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2422.16000000</valUSD>
        <pctVal>0.000519875967</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: CREDIT SUISSE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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            <upfrontRcpt>-1152.18000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>346500.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3574.34000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FISERV, INC.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC COMMON STOCK</title>
        <cusip>337738108</cusip>
        <identifiers>
          <isin value="US3377381088"/>
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        <balance>13047.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1273648.14000000</valUSD>
        <pctVal>0.273367184243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLEETCOR TECHNOLOGIES, INC.</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>FLEETCOR TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>339041105</cusip>
        <identifiers>
          <isin value="US3390411052"/>
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        <balance>-2039.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-512869.67000000</valUSD>
        <pctVal>-0.11007886178</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS CORPORATION</name>
        <lei>549300ZCZ76HYCS0H445</lei>
        <title>FRONTIER COMMUNICATIONS CORP 10.500000% 09/15/2022</title>
        <cusip>35906AAW8</cusip>
        <identifiers>
          <isin value="US35906AAW80"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43125.00000000</valUSD>
        <pctVal>0.009256057030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS 6.375000% 01/23/2045</title>
        <cusip>71654QBR2</cusip>
        <identifiers>
          <isin value="US71654QBR20"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484867.50000000</valUSD>
        <pctVal>0.104068666253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEI Daily Income Trust: Prime Obligation Fund; Class A Shares</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY INSTITUTIONAL LIQUIDITY TREASURY SECURITIES PORTFOLIO</title>
        <cusip>61747C525</cusip>
        <identifiers>
          <isin value="US7839654032"/>
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        <balance>861106.32000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>861106.32000000</valUSD>
        <pctVal>0.184822010600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EAST VALLEY TOURIST DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>EAST VALLEY TOURIST DEVELOPMENT AUTHORITY 3/7/2022</title>
        <cusip>27571VAD5</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX156619"/>
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        <balance>128343.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111658.58000000</valUSD>
        <pctVal>0.023965639058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.07200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republica Argentina</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>REPUBLIC OF ARGENTINA 7.125000% 06/28/2117</title>
        <cusip>040114HN3</cusip>
        <identifiers>
          <isin value="US040114HN39"/>
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        <balance>336000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129696.00000000</valUSD>
        <pctVal>0.027837068350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2117-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REVLON CONSUMER PRODUCTS CORPORATION</name>
        <lei>N/A</lei>
        <title>REVLON CONSUMER PRODUCTS CORPORATION 9/7/2023</title>
        <cusip>761520AY1</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX153860"/>
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        <balance>903412.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231878.87000000</valUSD>
        <pctVal>0.049768905388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95012960</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRAVERSE MIDSTREAM PARTNERS LLC</name>
        <lei>N/A</lei>
        <title>TRAVERSE MIDSTREAM PARTNERS LLC 9/27/2024</title>
        <cusip>89435TAB0</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX168620"/>
        </identifiers>
        <balance>483838.93000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400981.51000000</valUSD>
        <pctVal>0.086063947239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tortoise Acquisition Corp</name>
        <lei>N/A</lei>
        <title>TORTOISE ACQUISITION CORP-A SPECIAL PURPOSE ACQUISITION COMPANIES</title>
        <cusip>89154L100</cusip>
        <identifiers>
          <isin value="US89154L1008"/>
        </identifiers>
        <balance>38742.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1063080.48000000</valUSD>
        <pctVal>0.228172372191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWX TECHNOLOGIES, INC.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>05605H100</cusip>
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        <name>PEGASYSTEMS INC.</name>
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        <name>J. C. PENNEY CORPORATION, INC.</name>
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        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
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        <name>TENET HEALTHCARE CORPORATION</name>
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        <name>DIGICEL LIMITED</name>
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        <name>TAUBMAN CENTERS, INC.</name>
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        <name>SEIKO EPSON CORPORATION</name>
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        <name>VECTOR GROUP LTD.</name>
        <lei>549300TUIF4WWN6NDN50</lei>
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      <invstOrSec>
        <name>CNX RESOURCES CORPORATION</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>N/A</name>
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        <name>IHEARTCOMMUNICATIONS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-31</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00062807"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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      <invstOrSec>
        <name>REPUBLICA DEL PARAGUAY</name>
        <lei>529900UXKJTJPCU0HK83</lei>
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        <cusip>P75744AA3</cusip>
        <identifiers>
          <isin value="USP75744AA38"/>
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        <balance>1471000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1544564.71000000</valUSD>
        <pctVal>0.331514876356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/AUD SETTLE 2020-07-15</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00001817"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      </invstOrSec>
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        <name>FREEPORT-MCMORAN INC.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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        <cusip>35671DCD5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION</name>
        <lei>5493006IEVQEFQO40L83</lei>
        <title>COGNIZANT TECH SOLUTIONS-A COMMON STOCK</title>
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          <isin value="US1924461023"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/JPY SETTLE 2020-08-19</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00003264"/>
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      <invstOrSec>
        <name>Digicel International Finance Ltd</name>
        <lei>N/A</lei>
        <title>DIGICEL INTERNATIONAL FINANCE LTD / DIGICEL HOLDIN 13.000000% 12/31/2025</title>
        <cusip>25381XAB9</cusip>
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          <isin value="US25381XAB91"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>JM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AUSTRALIAN DOLLAR</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: AUD/USD SETTLE 2020-07-15</title>
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          <other otherDesc="FX Forwards" value="CCTAUD__00002227"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>CITI</counterpartyName>
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            <amtCurPur>593000.00000000</amtCurPur>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/02/20 P2900 LONG</title>
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          <ticker value="S1N20P Y 2900 US Index"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1870.00000000</valUSD>
        <pctVal>0.000401364096</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <writtenOrPur>Purchased</writtenOrPur>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QWB4</cusip>
        <identifiers>
          <isin value="US74526QWB49"/>
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        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3343.75000000</valUSD>
        <pctVal>0.000717679784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TD AMERITRADE HOLDING CORPORATION</name>
        <lei>ZI85ER3E6RXD4HPHW309</lei>
        <title>TD AMERITRADE HOLDING CORP COMMON STOCK</title>
        <cusip>87236Y108</cusip>
        <identifiers>
          <isin value="US87236Y1082"/>
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        <balance>-38415.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1397537.70000000</valUSD>
        <pctVal>-0.29995799775</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE KROGER CO.</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KROGER CO COMMON STOCK</title>
        <cusip>501044101</cusip>
        <identifiers>
          <isin value="US5010441013"/>
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        <balance>-22292.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-754584.20000000</valUSD>
        <pctVal>-0.16195882642</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRK: JP MORGAN</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS841636</cusip>
        <identifiers>
          <other otherDesc="All Others" value="CDS841636"/>
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        <balance>55000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2.59000000</valUSD>
        <pctVal>0.000000555900</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: JP MORGAN</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="-16.81000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <fixedPmntDesc amount="-16.81000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>55000.00000000</notionalAmt>
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            <unrealizedAppr>-75.50000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAL EDUCATION GROUP</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL EDUCATION GROUP- ADR DEPOSITARY RECEIPT</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
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        <balance>7516.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>513944.08000000</valUSD>
        <pctVal>0.110309465853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICH US INTERMEDIATE HOLDINGS II, INC.</name>
        <lei>N/A</lei>
        <title>ICH US INTERMEDIATE HOLDINGS II, INC. 12/24/2026</title>
        <cusip>U5522TAB7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX183294"/>
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        <balance>284129.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268502.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>E*TRADE FINANCIAL CORPORATION</name>
        <lei>549300LYE2HSVYJFJD24</lei>
        <title>E*TRADE FINANCIAL CORP COMMON STOCK</title>
        <cusip>269246401</cusip>
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          <isin value="US2692464017"/>
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        <balance>-12692.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-631173.16000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CINCINNATI BELL INC.</name>
        <lei>549300JYVZOCUJOHL272</lei>
        <title>CINCINNATI BELL INC COMMON STOCK</title>
        <cusip>171871502</cusip>
        <identifiers>
          <isin value="US1718715022"/>
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        <balance>51345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>762473.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>51JOB, INC.</name>
        <lei>52990088ZF32Q8YHCJ53</lei>
        <title>51JOB INC-ADR DEPOSITARY RECEIPT</title>
        <cusip>316827104</cusip>
        <identifiers>
          <isin value="US3168271043"/>
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        <balance>-10945.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-785741.55000000</valUSD>
        <pctVal>-0.16864622835</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
        <lei>N/A</lei>
        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
        <cusip>783965593</cusip>
        <identifiers>
          <isin value="US7839655930"/>
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        <balance>23403662.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23403662.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CHANGE HEALTHCARE INC.</name>
        <lei>549300GS1BPJEDOZHM07</lei>
        <title>CHANGE HEALTHCARE INC COMMON STOCK</title>
        <cusip>15912K100</cusip>
        <identifiers>
          <isin value="US15912K1007"/>
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        <balance>100060.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1120672.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ADVISOR GROUP, INC TL</name>
        <lei>N/A</lei>
        <title>ADVISOR GROUP, INC TL 7/31/2026</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX180477"/>
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        <balance>193030.04990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-31</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CISCO SYSTEMS, INC.</name>
        <lei>8E6NF1YAL0WT6CWXXV93</lei>
        <title>CISCO SYSTEMS INC COMMON STOCK</title>
        <cusip>17275R102</cusip>
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          <isin value="US17275R1023"/>
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        <curCd>USD</curCd>
        <valUSD>-121637.12000000</valUSD>
        <pctVal>-0.02610736509</pctVal>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYA4</cusip>
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          <isin value="US74526QYA48"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>AFTERPAY LIMITED</name>
        <lei>529900P6ROPAX0QTB720</lei>
        <title>AFTERPAY LTD COMMON STOCK</title>
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          <isin value="AU000000APT1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>U.S. DOLLARS</name>
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        <title>FX Forward Contract: USD/EUR SETTLE 2020-09-16</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00092324"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
        <lei>N/A</lei>
        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
        <cusip>783965593</cusip>
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          <isin value="US7839655930"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>Intelsat (Luxembourg) S.A.</name>
        <lei>54930027UF5LR7S2XC75</lei>
        <title>INTELSAT LUXEMBOURG SA 8.125000% 06/01/2023</title>
        <cusip>458204AQ7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>NEW GOLD INC.</name>
        <lei>5493005G0GNCHP0H6L96</lei>
        <title>NEW GOLD INC 144A 6.250000% 11/15/2022</title>
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        <valUSD>116221.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRAFT BREW ALLIANCE, INC.</name>
        <lei>JJD4WAP2U5KDLYQQGZ83</lei>
        <title>BREW US 08/21/20 P15 LONG</title>
        <cusip>95M995GG5</cusip>
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          <ticker value="BREW US 08/21/20 P15 Equity"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9485.00000000</valUSD>
        <pctVal>0.002035795963</pctVal>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CRAFT BREW ALLIANCE, INC.</issuerName>
                <issueTitle>BREW Put 15 Aug 2020</issueTitle>
                <identifiers>
                  <cusip value="224122101"/>
                  <ticker value="BREW-08/2020-P-15"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>27100.00000000</shareNo>
            <exercisePrice>15.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>1401.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/02/20 P3070 LONG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="S1N20P Y 3070 US Index"/>
        </identifiers>
        <balance>31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>53630.00000000</valUSD>
        <pctVal>0.011510778864</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Put Option 3070 Jul 2020 on S&amp;P 500 Index</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
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            <shareNo>3100.00000000</shareNo>
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            <expDt>2020-07-05</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-35716.30000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ukraine</name>
        <lei>6354001WLTJXOMEXPY07</lei>
        <title>UKRAINE GOVERNMENT 7.750000% 09/01/2022</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1303921214"/>
        </identifiers>
        <balance>593000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>616872.99000000</valUSD>
        <pctVal>0.132401427848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MASHANTUCKET (WESTERN) PEQUOT TRIBE</name>
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        <title>MASHANTUCKET (WESTERN) PEQUOT TRIBE 12/31/2020</title>
        <cusip>57475BAH4</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX131096"/>
        </identifiers>
        <balance>570920.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>559501.92000000</valUSD>
        <pctVal>0.120087691133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.37500120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
        <lei>N/A</lei>
        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
        <cusip>783965593</cusip>
        <identifiers>
          <isin value="US7839655930"/>
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        <balance>951764.04000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>951764.04000000</valUSD>
        <pctVal>0.204280167738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORESCOUT TECHNOLOGIES, INC.</name>
        <lei>529900UJ1QN3N3MQ2826</lei>
        <title>FSCT US 07/17/20 C25 LONG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FSCT US 07/17/20 C25 Equity"/>
        </identifiers>
        <balance>36.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1440.00000000</valUSD>
        <pctVal>0.000309071817</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FORESCOUT TECHNOLOGIES, INC.</issuerName>
                <issueTitle>FSCT Call 25 Jul 2020</issueTitle>
                <identifiers>
                  <cusip value="34553D101"/>
                  <ticker value="FSCT-07/2020-C-25"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>3600.00000000</shareNo>
            <exercisePrice>25.00000000</exercisePrice>
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            <expDt>2020-07-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-630.68000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS 4.500000% 01/23/2026</title>
        <cusip>71654QBW1</cusip>
        <identifiers>
          <isin value="US71654QBW15"/>
        </identifiers>
        <balance>211000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>184097.50000000</valUSD>
        <pctVal>0.039513436733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>BlackRock Funds IV: BlackRock Global Long/Short Credit Fund; Institutional Shares</name>
        <lei>N/A</lei>
        <title>BLCKRCK GL LNG/SHRT CRDT-INS MUTUAL FUND</title>
        <cusip>09260C604</cusip>
        <identifiers>
          <isin value="US09260C6049"/>
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        <balance>596273.64000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5748077.89000000</valUSD>
        <pctVal>1.233728388752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association PREFERRED STOCK</title>
        <cusip>313586752</cusip>
        <identifiers>
          <isin value="US3135867527"/>
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        <balance>118919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>945406.05000000</valUSD>
        <pctVal>0.202915531957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00001937"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2679.59000000</valUSD>
        <pctVal>-0.00057512899</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>184300.00000000</amtCurSold>
            <curSold>CAD</curSold>
            <amtCurPur>132652.52000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-07-15</settlementDt>
            <unrealizedAppr>-2679.59000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXU1</cusip>
        <identifiers>
          <isin value="US74526QXU11"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6687.50000000</valUSD>
        <pctVal>0.001435359568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTELSAT JACKSON HOLDINGS S.A.</name>
        <lei>8XJ8KF85PBKK1TLMFN29</lei>
        <title>INTELSAT JACKSON HOLDINGS SA 144A 9.750000% 07/15/2025</title>
        <cusip>45824TAY1</cusip>
        <identifiers>
          <isin value="US45824TAY10"/>
        </identifiers>
        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55287.00000000</valUSD>
        <pctVal>0.011866426087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norbord Inc.</name>
        <lei>549300VL705RQ5PHI407</lei>
        <title>NORBORD INC COMMON STOCK</title>
        <cusip>65548P403</cusip>
        <identifiers>
          <isin value="CA65548P4033"/>
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        <balance>100230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36200000"/>
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        <pctVal>0.489484690977</pctVal>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-31</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00062808"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1994.79000000</valUSD>
        <pctVal>-0.00042814817</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>810000.00000000</amtCurSold>
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            <amtCurPur>592863.72000000</amtCurPur>
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            <settlementDt>2020-07-31</settlementDt>
            <unrealizedAppr>-1994.79000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE MCCLATCHY COMPANY</name>
        <lei>549300O2Y2UWR3BER320</lei>
        <title>MCCLATCHY CO/THE 9.000000% 07/15/2026</title>
        <cusip>579489AL9</cusip>
        <identifiers>
          <isin value="US579489AL99"/>
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        <balance>402000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>393960.00000000</valUSD>
        <pctVal>0.084556898033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBBEAN CRUISES LTD 144A 4.250000% 06/15/2023</title>
        <cusip>780153BA9</cusip>
        <identifiers>
          <isin value="US780153BA90"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69750.00000000</valUSD>
        <pctVal>0.014970666153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON NATIONAL CORPORATION</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>FIRST HORIZON NATIONAL CORP COMMON STOCK</title>
        <cusip>320517105</cusip>
        <identifiers>
          <isin value="US3205171057"/>
        </identifiers>
        <balance>-58193.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-579602.28000000</valUSD>
        <pctVal>-0.12440189585</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OHA CREDIT FUNDING LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WYNN LAS VEGAS, LLC</name>
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      <invstOrSec>
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          <other otherDesc="FX Forwards" value="CCTUSD__00002726"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <name>CLEAR CHANNEL OUTDOOR HOLDINGS, INC.</name>
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          <isin value="US18453H1068"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BRK: MORGAN STANLEY</name>
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        <title>BRK: MORGAN STANLEY REF: WORLDLINE SA(S)</title>
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          <other otherDesc="All Others" value="TW_WLN.PA"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LAREDO PETROLEUM, INC</name>
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        <cusip>516806AF3</cusip>
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          <isin value="US516806AF38"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EXELON CORPORATION</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>EXELON CORP COMMON STOCK</title>
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          <isin value="US30161N1019"/>
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        <curCd>USD</curCd>
        <valUSD>1527554.97000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>THE J. M. SMUCKER COMPANY</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>JM SMUCKER CO/THE COMMON STOCK</title>
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          <isin value="US8326964058"/>
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        <balance>-6726.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Morgan Stanley Institutional Liquidity Funds: Treasury Portfolio; Institutional Class Shares</name>
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        <title>MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS Mutual Fund</title>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247500.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>Fiat Chrysler Automobiles N.V.</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>FCAU US 01/15/21 C8.54 LONG</title>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SABINE PASS LIQUEFACTION, LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>Insurance Acquisition Corp</name>
        <lei>5493000DBZBX1I1QVY71</lei>
        <title>INSURANCE ACQUISITION CORP-A SPECIAL PURPOSE ACQUISITION COMPANIES</title>
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        <name>TRANSOCEAN INC.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>TRANSOCEAN INC 6.800000% 03/15/2038</title>
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        <assetCat>DBT</assetCat>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
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          <ticker value="CDX-NAHY"/>
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        <balance>346500.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Aon plc</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>AON PLC-CLASS A COMMON STOCK</title>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>OCCIDENTAL PETROLEUM CORP 4.625000% 06/15/2045</title>
        <cusip>674599CF0</cusip>
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          <isin value="US674599CF00"/>
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        <curCd>USD</curCd>
        <valUSD>84000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVERBRIDGE, INC.</name>
        <lei>549300WCY0UMR64ATW81</lei>
        <title>EVERBRIDGE INC COMMON STOCK</title>
        <cusip>29978A104</cusip>
        <identifiers>
          <isin value="US29978A1043"/>
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        <balance>-6039.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-835556.04000000</valUSD>
        <pctVal>-0.17933807207</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/IDR SETTLE 2020-09-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00092266"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-89464.04000000</valUSD>
        <pctVal>-0.01920195377</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>32184981202.45000000</amtCurSold>
            <curSold>IDR</curSold>
            <amtCurPur>2099339.98000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>-89464.04000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LA98</cusip>
        <identifiers>
          <isin value="US74514LA982"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3268.75000000</valUSD>
        <pctVal>0.000701582293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRYKER CORPORATION</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>STRYKER CORP COMMON STOCK</title>
        <cusip>863667101</cusip>
        <identifiers>
          <isin value="US8636671013"/>
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        <balance>-1106.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-199290.14000000</valUSD>
        <pctVal>-0.04277428177</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELTA AIR LINES, INC.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>DELTA AIR LINES INC 144A 7.000000% 05/01/2025</title>
        <cusip>247361ZX9</cusip>
        <identifiers>
          <isin value="US247361ZX93"/>
        </identifiers>
        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>175485.57000000</valUSD>
        <pctVal>0.037665030583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POWER INTEGRATIONS, INC.</name>
        <lei>54930085LGXSCIHD5W31</lei>
        <title>POWER INTEGRATIONS INC COMMON STOCK</title>
        <cusip>739276103</cusip>
        <identifiers>
          <isin value="US7392761034"/>
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        <balance>-502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-59301.26000000</valUSD>
        <pctVal>-0.01272801958</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENGAGE LEARNING, INC.</name>
        <lei>549300BYGM0FWUSVXJ88</lei>
        <title>CENGAGE LEARNING INC 144A 9.500000% 06/15/2024</title>
        <cusip>15137NAA1</cusip>
        <identifiers>
          <isin value="US15137NAA19"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276500.00000000</valUSD>
        <pctVal>0.059346081597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP INC.</name>
        <lei>549300V3NU625PJUVA84</lei>
        <title>UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CA 7.125000% 12/15/2024</title>
        <cusip>20341WAE5</cusip>
        <identifiers>
          <isin value="US20341WAE57"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45750.00000000</valUSD>
        <pctVal>0.009819469197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REV</name>
        <lei>N/A</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWR PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QVE9</cusip>
        <identifiers>
          <isin value="US74526QVE96"/>
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        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3356.25000000</valUSD>
        <pctVal>0.000720362699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROBRAS GLOBAL FINANCE B.V.</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>PETROBRAS GLOBAL FINANCE BV 6.900000% 03/19/2049</title>
        <cusip>71647NBD0</cusip>
        <identifiers>
          <isin value="US71647NBD03"/>
        </identifiers>
        <balance>595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>626237.50000000</valUSD>
        <pctVal>0.134411362656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PAYPAL HOLDINGS, INC.</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC COMMON STOCK</title>
        <cusip>70450Y103</cusip>
        <identifiers>
          <isin value="US70450Y1038"/>
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        <balance>9129.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1590545.67000000</valUSD>
        <pctVal>0.341383917239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHELF DRILLING HOLDINGS, LTD.</name>
        <lei>54930078ZJ3XP4MRYB68</lei>
        <title>SHELF DRILLING HOLDINGS LTD 144A 8.250000% 02/15/2025</title>
        <cusip>822538AE4</cusip>
        <identifiers>
          <isin value="US822538AE44"/>
        </identifiers>
        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38250.00000000</valUSD>
        <pctVal>0.008209720148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACCENTURE PUBLIC LIMITED COMPANY</name>
        <lei>N/A</lei>
        <title>ACCENTURE PLC-CL A COMMON STOCK</title>
        <cusip>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
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        <balance>-5217.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1120194.24000000</valUSD>
        <pctVal>-0.24043088163</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GAMESYS GROUP PLC</name>
        <lei>213800J9SZ4YJ2RYMU17</lei>
        <title>GAMESYS GROUP PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BZ14BX56"/>
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        <balance>88214.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80932000"/>
        <valUSD>936290.05000000</valUSD>
        <pctVal>0.200958935647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOMINION DIAMOND MINES ULC</name>
        <lei>549300514YCQANUHXW83</lei>
        <title>NORTHWEST ACQUISITIONS ULC / DOMINION FINCO INC 14 7.125000% 11/01/2022</title>
        <cusip>66727WAA0</cusip>
        <identifiers>
          <isin value="US66727WAA09"/>
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        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4715.00000000</valUSD>
        <pctVal>0.001011995568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLACK TECHNOLOGIES, INC.</name>
        <lei>549300VIZRB02KN4IJ45</lei>
        <title>SLACK TECHNOLOGIES INC- CL A COMMON STOCK</title>
        <cusip>83088V102</cusip>
        <identifiers>
          <isin value="US83088V1026"/>
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        <balance>-35144.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1092626.96000000</valUSD>
        <pctVal>-0.23451402793</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARDLYTICS, INC.</name>
        <lei>549300JETJBH94EIPC66</lei>
        <title>CARDLYTICS INC COMMON STOCK</title>
        <cusip>14161W105</cusip>
        <identifiers>
          <isin value="US14161W1053"/>
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        <balance>-6158.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-430936.84000000</valUSD>
        <pctVal>-0.09249335576</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEAM HEALTH HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>TEAM HEALTH HOLDINGS INC. 2/6/2024</title>
        <cusip>87817JAE8</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX156377"/>
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        <balance>846653.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>645048.44000000</valUSD>
        <pctVal>0.138448815026</pctVal>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.75000120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONITRONICS INTERNATIONAL, INC.</name>
        <lei>SCAKOG18M6QWWML8YF46</lei>
        <title>MONITRONICS ESCROW</title>
        <cusip>609453AG0</cusip>
        <identifiers>
          <isin value="US609453AG02"/>
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        <balance>495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000002146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONSTAR MORTGAGE HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MORTGAGE HOLDINGS INC 144A 8.125000% 07/15/2023</title>
        <cusip>93369KAA3</cusip>
        <identifiers>
          <isin value="US93369KAA34"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76965.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW ZEALAND DOLLAR</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: NZD/USD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTNZD__00003336"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55340000"/>
        <valUSD>1011.97000000</valUSD>
        <pctVal>0.000217202365</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>208941.86000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>326200.00000000</amtCurPur>
            <curPur>NZD</curPur>
            <settlementDt>2020-07-15</settlementDt>
            <unrealizedAppr>1011.97000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RADIO ONE</name>
        <lei>N/A</lei>
        <title>RADIO ONE 4/18/2023</title>
        <cusip>75040LAN7</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX162476"/>
        </identifiers>
        <balance>110458.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90576.30000000</valUSD>
        <pctVal>0.019440681702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JUPITER RESOURCES EQUITY JUPITER RESOURCES 12/18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX177710"/>
        </identifiers>
        <balance>24396.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18297.00000000</valUSD>
        <pctVal>0.003927143779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRILOGY INTERNATIONAL PARTNERS LLC</name>
        <lei>VNDPJZHS0AEJT5JCKI12</lei>
        <title>TRILOGY INTERNATIONAL PARTNERS LLC / TRILOGY INTER 8.875000% 05/01/2022</title>
        <cusip>89620JAC5</cusip>
        <identifiers>
          <isin value="US89620JAC53"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154875.00000000</valUSD>
        <pctVal>0.033241317856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTRA OPERATIONS COMPANY LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VISTRA OPERATIONS CO LLC 144A 5.500000% 09/01/2026</title>
        <cusip>92840VAA0</cusip>
        <identifiers>
          <isin value="US92840VAA08"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193883.60000000</valUSD>
        <pctVal>0.041613858756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECTRONIC ARTS INC.</name>
        <lei>549300O7A67PUEYKDL45</lei>
        <title>ELECTRONIC ARTS INC COMMON STOCK</title>
        <cusip>285512109</cusip>
        <identifiers>
          <isin value="US2855121099"/>
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        <balance>-3217.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-424804.85000000</valUSD>
        <pctVal>-0.09117722709</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENCOMPASS HEALTH CORPORATION</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>ENCOMPASS HEALTH CORP 4.500000% 02/01/2028</title>
        <cusip>29261AAA8</cusip>
        <identifiers>
          <isin value="US29261AAA88"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110298.80000000</valUSD>
        <pctVal>0.023673785117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIDELITY NATIONAL INFORMATION SERVICES, INC.</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
        <title>FIDELITY NATIONAL INFO SERV COMMON STOCK</title>
        <cusip>31620M106</cusip>
        <identifiers>
          <isin value="US31620M1062"/>
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        <balance>13895.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1863180.55000000</valUSD>
        <pctVal>0.399900415738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/KRW SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002376"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-11582.74000000</valUSD>
        <pctVal>-0.00248604062</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>695597400.00000000</amtCurSold>
            <curSold>KRW</curSold>
            <amtCurPur>568763.21000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>-11582.74000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEAK 10 HOLDING CORPORATION</name>
        <lei>N/A</lei>
        <title>PEAK 10 HOLDING CORPORATION 8/1/2024</title>
        <cusip>70469CAC4</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX167187"/>
        </identifiers>
        <balance>927036.56980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>738152.87000000</valUSD>
        <pctVal>0.158432117376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.80787840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE CHARLES SCHWAB CORPORATION</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHWAB (CHARLES) CORP COMMON STOCK</title>
        <cusip>808513105</cusip>
        <identifiers>
          <isin value="US8085131055"/>
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        <balance>41630.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1404596.20000000</valUSD>
        <pctVal>0.301472986246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF Trust</name>
        <lei>N/A</lei>
        <title>SPDR S&amp;P 500 ETF TRUST MUTUAL FUND</title>
        <cusip>78462F103</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
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        <balance>-9418.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2904134.48000000</valUSD>
        <pctVal>-0.62332369555</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIGNATURE BANK</name>
        <lei>VLP5AP0XK2GM6GKD1007</lei>
        <title>SIGNATURE BANK COMMON STOCK</title>
        <cusip>82669G104</cusip>
        <identifiers>
          <isin value="US82669G1040"/>
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        <balance>-3563.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-380955.96000000</valUSD>
        <pctVal>-0.08176579923</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>AQUITY HOLDINGS INC SERVCO EQUITY *</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX178850"/>
        </identifiers>
        <balance>3945.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41422.50000000</valUSD>
        <pctVal>0.008890643996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VECTOR GROUP LTD.</name>
        <lei>549300TUIF4WWN6NDN50</lei>
        <title>VECTOR GROUP LTD 144A 10.500000% 11/01/2026</title>
        <cusip>92240MBJ6</cusip>
        <identifiers>
          <isin value="US92240MBJ62"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225927.00000000</valUSD>
        <pctVal>0.048491436445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMMSCOPE, INC.</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>COMMSCOPE INC 144A 7.125000% 07/01/2028</title>
        <cusip>203372AV9</cusip>
        <identifiers>
          <isin value="US203372AV94"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54868.00000000</valUSD>
        <pctVal>0.011776494774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEAM HEALTH HOLDINGS, INC.</name>
        <lei>549300PVTQ4UDTTMQT11</lei>
        <title>TEAM HEALTH HOLDINGS INC 144A 6.375000% 02/01/2025</title>
        <cusip>88047PAA2</cusip>
        <identifiers>
          <isin value="US88047PAA21"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63800.00000000</valUSD>
        <pctVal>0.013693598574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRANSDIGM GROUP INCORPORATED</name>
        <lei>N/A</lei>
        <title>TRANSDIGM GROUP INC COMMON STOCK</title>
        <cusip>893641100</cusip>
        <identifiers>
          <isin value="US8936411003"/>
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        <balance>2071.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>915485.55000000</valUSD>
        <pctVal>0.196493599102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSN ISLANDS XI CORP.</name>
        <lei>222100R8R68DM7VM3661</lei>
        <title>CSN ISLANDS XI CORP 144A 6.750000% 01/28/2028</title>
        <cusip>12642KAB0</cusip>
        <identifiers>
          <isin value="US12642KAB08"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299687.50000000</valUSD>
        <pctVal>0.064322889073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GSX Techedu Inc</name>
        <lei>549300R5BPFFORR9ET36</lei>
        <title>GSX TECHEDU INC- ADR DEPOSITARY RECEIPT</title>
        <cusip>36257Y109</cusip>
        <identifiers>
          <isin value="US36257Y1091"/>
        </identifiers>
        <balance>-10327.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-619516.73000000</valUSD>
        <pctVal>-0.13296886224</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LADDER CAPITAL FINANCE HOLDINGS LLLP</name>
        <lei>N/A</lei>
        <title>LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPI 5.875000% 08/01/2021</title>
        <cusip>505742AD8</cusip>
        <identifiers>
          <isin value="US505742AD89"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39600.00000000</valUSD>
        <pctVal>0.008499474977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IHEARTCOMMUNICATIONS, INC.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHEARTCOMMUNICATIONS INC 8.375000% 05/01/2027</title>
        <cusip>45174HBD8</cusip>
        <identifiers>
          <isin value="US45174HBD89"/>
        </identifiers>
        <balance>17449.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15989.74000000</valUSD>
        <pctVal>0.003431929167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAUSCH HEALTH COMPANIES INC.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BAUSCH HEALTH COS INC 144A 6.250000% 02/15/2029</title>
        <cusip>071734AK3</cusip>
        <identifiers>
          <isin value="US071734AK34"/>
        </identifiers>
        <balance>345000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346725.00000000</valUSD>
        <pctVal>0.074418698524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE BLACKSTONE GROUP INC.</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
        <title>BLACKSTONE GROUP INC/THE-A COMMON STOCK</title>
        <cusip>09260D107</cusip>
        <identifiers>
          <isin value="US09260D1072"/>
        </identifiers>
        <balance>-13299.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-753521.34000000</valUSD>
        <pctVal>-0.16173070137</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMSCOPE TECHNOLOGIES LLC</name>
        <lei>M4TWC4QDOKW45N7T6Y12</lei>
        <title>COMMSCOPE TECHNOLOGIES LLC 144A 6.000000% 06/15/2025</title>
        <cusip>20337YAA5</cusip>
        <identifiers>
          <isin value="US20337YAA55"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38628.00000000</valUSD>
        <pctVal>0.008290851500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GUITAR CENTER INC 144A 13.000000% 04/15/2022</title>
        <cusip>402040AP4</cusip>
        <identifiers>
          <isin value="US402040AP43"/>
        </identifiers>
        <balance>8958.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3493.62000000</valUSD>
        <pctVal>0.000749846862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>13.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: JPY/USD SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTJPY__00003037"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="107.88500000"/>
        <valUSD>-5098.48000000</valUSD>
        <pctVal>-0.00109430311</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MONTGOMERY/BANK OF AMERICA</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>800030.25000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>85693800.00000000</amtCurPur>
            <curPur>JPY</curPur>
            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>-5098.48000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MACY'S RETAIL HOLDINGS, INC.</name>
        <lei>549300JMONK27O4SQQ19</lei>
        <title>MACY'S RETAIL HOLDINGS INC 3.450000% 01/15/2021</title>
        <cusip>55616XAN7</cusip>
        <identifiers>
          <isin value="US55616XAN75"/>
        </identifiers>
        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61425.00000000</valUSD>
        <pctVal>0.013183844709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</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>BRITISH STERLING POUND</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: GBP/USD SETTLE 2020-09-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTGBP__00003350"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80932000"/>
        <valUSD>3180.60000000</valUSD>
        <pctVal>0.000682662376</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>555099.55000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>451700.00000000</amtCurPur>
            <curPur>GBP</curPur>
            <settlementDt>2020-09-16</settlementDt>
            <unrealizedAppr>3180.60000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RADIOLOGY PARTNERS, INC.</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>RADIOLOGY PARTNERS INC 144A 9.250000% 02/01/2028</title>
        <cusip>75041VAA2</cusip>
        <identifiers>
          <isin value="US75041VAA26"/>
        </identifiers>
        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>131950.00000000</valUSD>
        <pctVal>0.028320851597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</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>Libbey Glass 6/20 DIP Roll up TL</name>
        <lei>N/A</lei>
        <title>Libbey Glass 6/20 DIP Roll up TL 12/3/2020</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX188638"/>
        </identifiers>
        <balance>23131.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23131.28000000</valUSD>
        <pctVal>0.004964740796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.00000160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS MTN 6.750000% 09/21/2047</title>
        <cusip>71654QCC4</cusip>
        <identifiers>
          <isin value="US71654QCC42"/>
        </identifiers>
        <balance>1390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1068701.50000000</valUSD>
        <pctVal>0.229378829738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acacia Communications Inc</name>
        <lei>549300PZLTIVLKOBPB61</lei>
        <title>ACACIA COMMUNICATIONS INC COMMON STOCK</title>
        <cusip>00401C108</cusip>
        <identifiers>
          <isin value="US00401C1080"/>
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        <balance>-3596.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-241615.24000000</valUSD>
        <pctVal>-0.05185865370</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRK: INTERCOMPANY</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
        <cusip>CDS843262</cusip>
        <identifiers>
          <other otherDesc="All Others" value="CDS843262"/>
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        <balance>5654000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>456465.80000000</valUSD>
        <pctVal>0.097972718312</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BRK: INTERCOMPANY</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>5654000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>456465.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLYONE CORPORATION</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>POLYONE CORP 144A 5.750000% 05/15/2025</title>
        <cusip>73179PAM8</cusip>
        <identifiers>
          <isin value="US73179PAM86"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205750.00000000</valUSD>
        <pctVal>0.044160782237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLEARWAY ENERGY, INC.</name>
        <lei>549300LHAZ9HA9G3XC48</lei>
        <title>CLEARWAY ENERGY INC-C COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTENE CORPORATION</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
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        <cusip>15135BAT8</cusip>
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          <isin value="US15135BAT89"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174075.00000000</valUSD>
        <pctVal>0.037362275421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>TIFFANY &amp; CO.</name>
        <lei>549300EJG9IEYQL5XT21</lei>
        <title>TIFFANY &amp; CO COMMON STOCK</title>
        <cusip>886547108</cusip>
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          <isin value="US8865471085"/>
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        <balance>28165.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3434440.10000000</valUSD>
        <pctVal>0.737144891201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN GREETINGS CORPORATION</name>
        <lei>549300WMJOT8C9DNMF90</lei>
        <title>AMERICAN GREETINGS CORP 144A 8.750000% 04/15/2025</title>
        <cusip>026375AR6</cusip>
        <identifiers>
          <isin value="US026375AR68"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225250.00000000</valUSD>
        <pctVal>0.048346129764</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>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 07/17/20 P2950 SHORT</title>
        <cusip>00T996JG3</cusip>
        <identifiers>
          <ticker value="TQN20P Y 2950 US Index"/>
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        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-47821.00000000</valUSD>
        <pctVal>-0.01026397456</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Put Option 2950 Jul 2020 on S&amp;P 500 Index</indexName>
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                <narrativeDesc>N/A</narrativeDesc>
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            <shareNo>-1700.00000000</shareNo>
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            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>59991.49000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514LC21</cusip>
        <identifiers>
          <isin value="US74514LC210"/>
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        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3237.50000000</valUSD>
        <pctVal>0.000694875006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RH</name>
        <lei>5493008MTS3OGGMHGK69</lei>
        <title>RH COMMON STOCK</title>
        <cusip>74967X103</cusip>
        <identifiers>
          <isin value="US74967X1037"/>
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        <balance>5823.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1449344.70000000</valUSD>
        <pctVal>0.311077500287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MALAYSIAN RINGGIT</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: CNY/USD SETTLE 2020-08-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTCNH__00002673"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CNY" exchangeRt="7.06775000"/>
        <valUSD>4980.58000000</valUSD>
        <pctVal>0.001068997855</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>480202.15000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>3438100.00000000</amtCurPur>
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            <settlementDt>2020-08-19</settlementDt>
            <unrealizedAppr>4980.58000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002590"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-36487.73000000</valUSD>
        <pctVal>-0.00783147848</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>1757000.00000000</amtCurSold>
            <curSold>CAD</curSold>
            <amtCurPur>1253683.27000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2020-07-15</settlementDt>
            <unrealizedAppr>-36487.73000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUDSON PACIFIC PROPERTIES, INC.</name>
        <lei>N/A</lei>
        <title>HUDSON PACIFIC PROPERTIES IN REIT</title>
        <cusip>444097109</cusip>
        <identifiers>
          <isin value="US4440971095"/>
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        <balance>58049.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1460512.84000000</valUSD>
        <pctVal>0.313474553986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHENIERE ENERGY PARTNERS, L.P.</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>CHENIERE ENERGY PARTNERS LP 5.625000% 10/01/2026</title>
        <cusip>16411QAD3</cusip>
        <identifiers>
          <isin value="US16411QAD34"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>114425.00000000</valUSD>
        <pctVal>0.024559404653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARLEY-DAVIDSON, INC.</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>HARLEY-DAVIDSON INC COMMON STOCK</title>
        <cusip>412822108</cusip>
        <identifiers>
          <isin value="US4128221086"/>
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        <balance>-39153.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-930666.81000000</valUSD>
        <pctVal>-0.19975200161</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ADOBE INC.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>ADOBE INC COMMON STOCK</title>
        <cusip>00724F101</cusip>
        <identifiers>
          <isin value="US00724F1012"/>
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        <balance>2416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1051708.96000000</valUSD>
        <pctVal>0.225731666391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN PROVINCE DIAMONDS INC.</name>
        <lei>549300Y5548SJTH51N28</lei>
        <title>MOUNTAIN PROVINCE DIAMONDS INC 144A 8.000000% 12/15/2022</title>
        <cusip>62426EAA3</cusip>
        <identifiers>
          <isin value="US62426EAA38"/>
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        <balance>315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174825.00000000</valUSD>
        <pctVal>0.037523250326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORD MOTOR COMPANY</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR CO 8.500000% 04/21/2023</title>
        <cusip>345370CV0</cusip>
        <identifiers>
          <isin value="US345370CV02"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>311962.50000000</valUSD>
        <pctVal>0.066957511683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-21</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LIBERTY LATIN AMERICA LTD.</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>LIBERTY LATIN AMERICA LTD 144A 2.000000% 07/15/2024</title>
        <cusip>53069QAA7</cusip>
        <identifiers>
          <isin value="US53069QAA76"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209846.88000000</valUSD>
        <pctVal>0.045040108728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW ZEALAND DOLLAR</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: NZD/USD SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTNZD__00001812"/>
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        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <amtCurSold>292806.38000000</amtCurSold>
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            <amtCurPur>493500.00000000</amtCurPur>
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            <settlementDt>2020-07-15</settlementDt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/ILS SETTLE 2020-07-15</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00002121"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>957100.00000000</amtCurSold>
            <curSold>ILS</curSold>
            <amtCurPur>273347.80000000</amtCurPur>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BRITISH STERLING POUND</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTGBP__00002717"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80932000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>227462.09000000</amtCurSold>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAPHIC PACKAGING HOLDING COMPANY</name>
        <lei>N/A</lei>
        <title>GRAPHIC PACKAGING HOLDING CO COMMON STOCK</title>
        <cusip>388689101</cusip>
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          <isin value="US3886891015"/>
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        <payoffProfile>Short</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BRAZILIAN REAL</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: BRL/USD SETTLE 2020-07-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTBRL__00003035"/>
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        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="5.49080000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <amtCurPur>2013700.00000000</amtCurPur>
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            <unrealizedAppr>-22681.05000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN TIRE DISTRIBUTORS, INC.</name>
        <lei>N/A</lei>
        <title>AMERICAN TIRE DISTRIBUTORS, INC. 9/2/2024</title>
        <cusip>03021BAE4</cusip>
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          <other otherDesc="All Others" value="LX143787"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC 4.063000% 11/01/2024</title>
        <cusip>345397ZX4</cusip>
        <identifiers>
          <isin value="US345397ZX44"/>
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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>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COLONY CAPITAL, INC.</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>Colony Capital Inc PREFERRED STOCK</title>
        <cusip>19626G504</cusip>
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          <isin value="US19626G5045"/>
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        <balance>1900.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Baffinland Iron Mines Corporation</name>
        <lei>N/A</lei>
        <title>BAFFINLAND IRON MINES CORP / BAFFINLAND IRON MINES 8.750000% 07/15/2026</title>
        <cusip>056623AA9</cusip>
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          <isin value="US056623AA98"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>828100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BRIGHT BIDCO B.V.</name>
        <lei>N/A</lei>
        <title>BRIGHT BIDCO B.V. 6/30/2024</title>
        <cusip>N1603LAD9</cusip>
        <identifiers>
          <other otherDesc="All Others" value="LX171142"/>
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        <curCd>USD</curCd>
        <valUSD>66387.82000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LIMITED</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
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        <balance>33900.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.75045000"/>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BITAUTO HOLDINGS LIMITED</name>
        <lei>5299005PX9C9U3YQV657</lei>
        <title>BITA US 01/15/21 P15 LONG</title>
        <cusip>99R994M52</cusip>
        <identifiers>
          <ticker value="BITA US 01/15/21 P15 Equity"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CREDIT SUISSE FIRST BOSTON LLC.</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BITAUTO HOLDINGS LIMITED</issuerName>
                <issueTitle>BITA Put 15 Jan 2021</issueTitle>
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                  <cusip value="091727107"/>
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      <invstOrSec>
        <name>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: JPY/USD SETTLE 2020-08-19</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTJPY__00002491"/>
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        <units>NC</units>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MONTGOMERY/BANK OF AMERICA</counterpartyName>
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            <amtCurSold>343861.86000000</amtCurSold>
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            <amtCurPur>36822000.00000000</amtCurPur>
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            <settlementDt>2020-08-19</settlementDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MGIC INVESTMENT CORPORATION</name>
        <lei>254900S8483WM4M98R28</lei>
        <title>MGIC INVESTMENT CORP 144A 9.000000% 04/01/2063</title>
        <cusip>552848AB9</cusip>
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          <isin value="US552848AB94"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. DOLLARS</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2020-07-31</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00062855"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <amtCurPur>64844.62000000</amtCurPur>
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      <invstOrSec>
        <name>PINTEREST, INC.</name>
        <lei>N/A</lei>
        <title>PINTEREST INC- CLASS A COMMON STOCK</title>
        <cusip>72352L106</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Credit Default Swap</title>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>BRK: JP MORGAN</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>PETROLEOS MEXICANOS 144A 6.950000% 01/28/2060</title>
        <cusip>71654QDA7</cusip>
        <identifiers>
          <isin value="US71654QDA76"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COLONY CAPITAL, INC.</name>
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        <name>VONAGE HOLDINGS CORP.</name>
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        <name>DAVITA INC.</name>
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        <name>SPARTANNASH COMPANY</name>
        <lei>549300TV3QCCSQLF5X16</lei>
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        <name>HEXION HOLDINGS CORPORATION</name>
        <lei>549300LBB370MUHGLV84</lei>
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        <name>UNITED RENTALS, INC.</name>
        <lei>5323X5O7RN0NKFCDRY08</lei>
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        <name>Technology Select Sector SPDR Fund</name>
        <lei>N/A</lei>
        <title>TECHNOLOGY SELECT SECT SPDR MUTUAL FUND</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>OCCIDENTAL PETROLEUM CORPORATION</name>
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        <name>FITBIT, INC.</name>
        <lei>549300GYQQ375BZPXK02</lei>
        <title>FITBIT INC - A COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ALLEGHENY TECHNOLOGIES INCORPORATED</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ALLEGHENY TECHNOLOGIES INC 5.875000% 12/01/2027</title>
        <cusip>01741RAH5</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BRK: MORGAN STANLEY</name>
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        <title>BRK: MORGAN STANLEY REF: NORTHVIEW APARTMENT REAL ESTAT (L)</title>
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          <other otherDesc="All Others" value="BYZGBB8"/>
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        <name>SEI Daily Income Trust: Government Fund; Class F Shares</name>
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        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FRONTIER COMMUNICATIONS CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAIDU, INC.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC - SPON ADR DEPOSITARY RECEIPT</title>
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        <name>SWISS FRANC</name>
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        <name>Owens &amp; Minor 5/18 Cov-Lite TLB</name>
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        <title>Owens &amp; Minor 5/18 Cov-Lite TLB 5/2/2025</title>
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        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PUERTO RICO CMWLTH COMMONWEALTH OF PUERTO RICO</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEMENOS AG</name>
        <lei>5067007NW6550481FH64</lei>
        <title>TEMENOS AG - REG COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012453913"/>
        </identifiers>
        <balance>-5614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94755000"/>
        <valUSD>-871827.45000000</valUSD>
        <pctVal>-0.18712312110</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Estados Unidos Mexicanos</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>UNITED MEXICAN STATES 5.000000% 04/27/2051</title>
        <cusip>91087BAL4</cusip>
        <identifiers>
          <isin value="US91087BAL45"/>
        </identifiers>
        <balance>419000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>451472.50000000</valUSD>
        <pctVal>0.096900990322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-27</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>CHECK POINT SOFTWARE TECHNOLOGIES LTD.</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>CHECK POINT SOFTWARE TECH COMMON STOCK</title>
        <cusip>M22465104</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
        </identifiers>
        <balance>-8335.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-895429.05000000</valUSD>
        <pctVal>-0.19218880819</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOLINA HEALTHCARE, INC.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOLINA HEALTHCARE INC 144A 4.375000% 06/15/2028</title>
        <cusip>60855RAJ9</cusip>
        <identifiers>
          <isin value="US60855RAJ95"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94881.25000000</valUSD>
        <pctVal>0.020364666924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>URBAN OUTFITTERS, INC.</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>URBAN OUTFITTERS INC COMMON STOCK</title>
        <cusip>917047102</cusip>
        <identifiers>
          <isin value="US9170471026"/>
        </identifiers>
        <balance>19449.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296013.78000000</valUSD>
        <pctVal>0.063534386770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABINE PASS LIQUEFACTION, LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>SABINE PASS LIQUEFACTION LLC 5.750000% 05/15/2024</title>
        <cusip>785592AJ5</cusip>
        <identifiers>
          <isin value="US785592AJ58"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106984.23000000</valUSD>
        <pctVal>0.022962368330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XPO LOGISTICS, INC.</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO LOGISTICS INC COMMON STOCK</title>
        <cusip>983793100</cusip>
        <identifiers>
          <isin value="US9837931008"/>
        </identifiers>
        <balance>-2415.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-186558.75000000</valUSD>
        <pctVal>-0.04004170271</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LSB INDUSTRIES, INC.</name>
        <lei>5493001H215A0HG0MI71</lei>
        <title>LSB INDUSTRIES INC 144A 9.625000% 05/01/2023</title>
        <cusip>502160AM6</cusip>
        <identifiers>
          <isin value="US502160AM62"/>
        </identifiers>
        <balance>470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452473.70000000</valUSD>
        <pctVal>0.097115881088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.62500000</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>Qiagen N.V.</name>
        <lei>54930036WK3GMCN17Z57</lei>
        <title>QIAGEN N.V. COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012169213"/>
        </identifiers>
        <balance>8984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89035000"/>
        <valUSD>386866.47000000</valUSD>
        <pctVal>0.083034390944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WYNN LAS VEGAS, LLC</name>
        <lei>2549002X45DR4UI7NA62</lei>
        <title>WYNN LAS VEGAS LLC / WYNN LAS VEGAS CAPITAL CORP 1 5.500000% 03/01/2025</title>
        <cusip>983130AV7</cusip>
        <identifiers>
          <isin value="US983130AV78"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86925.00000000</valUSD>
        <pctVal>0.018656991475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI INSTITUTIONAL MANAGED TRUST</ncom:nameOfApplicant>
      <ncom:signature>James Hoffmayer</ncom:signature>
      <ncom:signerName>James Hoffmayer</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
