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        <curCd>USD</curCd>
        <valUSD>1506120.8</valUSD>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APA Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APA Corp.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>APA Corp.</name>
        <lei>549300VCIWLRHYVSHC79</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>American Electric Power Co, Inc.</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Horizon Mut Holding Inc.</name>
        <lei>254900R6BWV4LUXBN549</lei>
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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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        <name>PacifiCorp.</name>
        <lei>SGY07Y7FNYBNLM6Z1M11</lei>
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        <cusip>695114DG0</cusip>
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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>
          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
        <title>BX 2024-BRBK C</title>
        <cusip>05613NAJ6</cusip>
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          <ticker value="BX"/>
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        <curCd>USD</curCd>
        <valUSD>1989230</valUSD>
        <pctVal>0.419350172</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BXMT 2026-FL6 LTD</name>
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          <ticker value="BXMT"/>
          <isin value="US05620AAJ51"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <curCd>USD</curCd>
        <valUSD>8247355.47</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Bank of Nova Scotia</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>BNS V7.35 04/27/85</title>
        <cusip>0641598X7</cusip>
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          <other otherDesc="SEDOL Number" value="BLD9DH8"/>
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        <curCd>USD</curCd>
        <valUSD>2019498</valUSD>
        <pctVal>0.425730978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2085-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.35</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK5 2024-5YR8</name>
        <lei>N/A</lei>
        <title>BANK5 2024-5YR8 E</title>
        <cusip>065923AE4</cusip>
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          <ticker value="BANK5"/>
          <isin value="US065923AE43"/>
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        <curCd>USD</curCd>
        <valUSD>6526069.35</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bausch Plus Lomb Corp.</name>
        <lei>549300NY6OZM39SO6475</lei>
        <title>BLCOCN 8.375 10/01/28 144A</title>
        <cusip>071705AA5</cusip>
        <identifiers>
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          <other otherDesc="SEDOL Number" value="BR55K64"/>
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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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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK 2024-V5 MORTGAGE TRUST</name>
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        <title>BMARK 2024-V5 D</title>
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          <isin value="US08163XAG88"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Blackrock Floating Rate Income Trust</name>
        <lei>CORWREIZL67PMUN7T798</lei>
        <title>Blackrock Floating Rate Income Trust COM</title>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BMO 2024-5C4 MORTGAGE TRUST</name>
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        <title>BMO 2024-5C4 E</title>
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          <ticker value="BMO"/>
          <isin value="US09660SAG57"/>
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        <curCd>USD</curCd>
        <valUSD>2989364</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>BX 2025-BIO3</name>
        <lei>N/A</lei>
        <title>BX 2025-BIO3 D</title>
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          <ticker value="BX"/>
          <isin value="US123911AJ80"/>
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        <curCd>USD</curCd>
        <valUSD>4994277.5</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bxmt 2020-Fl2 Ltd.</name>
        <lei>N/A</lei>
        <title>BXMT 2020-FL2 D</title>
        <cusip>12434LAJ3</cusip>
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          <ticker value="BXMT"/>
          <isin value="US12434LAJ35"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3460055.2</valUSD>
        <pctVal>0.729415272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.7426</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CHTR 4.75 03/01/30 144A</title>
        <cusip>1248EPCD3</cusip>
        <identifiers>
          <ticker value="CHTR"/>
          <other otherDesc="SEDOL Number" value="BK6WV51"/>
          <isin value="US1248EPCD32"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1897748.34</valUSD>
        <pctVal>0.400064896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75</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>CVS Lease Backed Pass Thru Ctf</name>
        <lei>N/A</lei>
        <title>CVSPAS 4.704 01/10/36 144A</title>
        <cusip>12665UAA2</cusip>
        <identifiers>
          <ticker value="CVSPAS"/>
          <other otherDesc="SEDOL Number" value="BH7QXS8"/>
          <isin value="US12665UAA25"/>
        </identifiers>
        <balance>574152.12</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541808.76</valUSD>
        <pctVal>0.114218867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.704</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>California First Leasing Corp</name>
        <lei>894500AUBHBFB3137873</lei>
        <title>California First Leasing Corp COM</title>
        <cusip>130222102</cusip>
        <identifiers>
          <ticker value="CFNB"/>
          <other otherDesc="SEDOL Number" value="2031439"/>
          <isin value="US1302221023"/>
        </identifiers>
        <balance>37673</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>941825</valUSD>
        <pctVal>0.19854641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp. DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, S</title>
        <cusip>14040H824</cusip>
        <identifiers>
          <ticker value="COF"/>
          <other otherDesc="SEDOL Number" value="BGMJPW3"/>
          <isin value="US14040H8245"/>
        </identifiers>
        <balance>65394</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1219598.1</valUSD>
        <pctVal>0.25710384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF V5.5 PERP O</title>
        <cusip>14040HDK8</cusip>
        <identifiers>
          <ticker value="COF"/>
          <isin value="US14040HDK86"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1982903.8</valUSD>
        <pctVal>0.418016544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>Carvana Co</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>CVNA 9 06/01/31 144A</title>
        <cusip>146869AM4</cusip>
        <identifiers>
          <ticker value="CVNA"/>
          <other otherDesc="SEDOL Number" value="BMTYZ89"/>
          <isin value="US146869AM47"/>
        </identifiers>
        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270326</valUSD>
        <pctVal>0.056987505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9</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>Cascades Inc.</name>
        <lei>FPD41G4F3GH7OJ38TS94</lei>
        <title>CASCN 5.375 01/15/28 144A</title>
        <cusip>14739LAB8</cusip>
        <identifiers>
          <ticker value="CASCN"/>
          <other otherDesc="SEDOL Number" value="BJV9C79"/>
          <isin value="US14739LAB80"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1979997.8</valUSD>
        <pctVal>0.417403929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>Champ Acquisition Corp</name>
        <lei>N/A</lei>
        <title>VISANT 8.375 12/01/31 144A</title>
        <cusip>15807XAA8</cusip>
        <identifiers>
          <ticker value="VISANT"/>
          <other otherDesc="SEDOL Number" value="BL9YNS8"/>
          <isin value="US15807XAA81"/>
        </identifiers>
        <balance>3497000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3665307.11</valUSD>
        <pctVal>0.772684489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.375</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>Cincinnati Bell Telephone Company</name>
        <lei>N/A</lei>
        <title>CBB 6.3 12/01/28</title>
        <cusip>171875AD9</cusip>
        <identifiers>
          <ticker value="CBB"/>
          <other otherDesc="SEDOL Number" value="2319395"/>
          <isin value="US171875AD97"/>
        </identifiers>
        <balance>5315000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5368150</valUSD>
        <pctVal>1.131661308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.3</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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V7.125 PERP CC</title>
        <cusip>172967PK1</cusip>
        <identifiers>
          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BRJNZR0"/>
          <isin value="US172967PK15"/>
        </identifiers>
        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3534412</valUSD>
        <pctVal>0.745090451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125</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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.75 PERP EE</title>
        <cusip>172967PR6</cusip>
        <identifiers>
          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BTBK8X0"/>
          <isin value="US172967PR67"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1999099.2</valUSD>
        <pctVal>0.421430701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.5 PERP JJ</title>
        <cusip>172967QK0</cusip>
        <identifiers>
          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BS1KWS6"/>
          <isin value="US172967QK06"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1995148.2</valUSD>
        <pctVal>0.420597789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.95 PERP FF</title>
        <cusip>17327CAV5</cusip>
        <identifiers>
          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BTRFRK9"/>
          <isin value="US17327CAV54"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2014852.2</valUSD>
        <pctVal>0.424751595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95</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>Cobank ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>COBKAC V7.25 PERP</title>
        <cusip>19075QAF9</cusip>
        <identifiers>
          <ticker value="COBKAC"/>
          <other otherDesc="SEDOL Number" value="BMDPVV3"/>
          <isin value="US19075QAF90"/>
        </identifiers>
        <balance>345000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350975.23</valUSD>
        <pctVal>0.073989193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</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>Corebridge Financial Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG V6.875 12/15/52</title>
        <cusip>21871XAP4</cusip>
        <identifiers>
          <ticker value="CRBG"/>
          <other otherDesc="SEDOL Number" value="BPYS2Z3"/>
          <isin value="US21871XAP42"/>
        </identifiers>
        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4030280.96</valUSD>
        <pctVal>0.849624735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875</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>Corebridge Financial Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG V6.875 PERP</title>
        <cusip>21871XAU3</cusip>
        <identifiers>
          <ticker value="CRBG"/>
          <other otherDesc="SEDOL Number" value="BVMPXZ5"/>
          <isin value="US21871XAU37"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3056931</valUSD>
        <pctVal>0.644432539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6 02/01/29 144A</title>
        <cusip>226373AR9</cusip>
        <identifiers>
          <ticker value="ET"/>
          <other otherDesc="SEDOL Number" value="BNK9N31"/>
          <isin value="US226373AR90"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3023393.73</valUSD>
        <pctVal>0.637362537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>Deluxe Corporation</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DLX 8 06/01/29 144A</title>
        <cusip>248019AU5</cusip>
        <identifiers>
          <ticker value="DLX"/>
          <other otherDesc="SEDOL Number" value="BN0TP68"/>
          <isin value="US248019AU57"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2013020</valUSD>
        <pctVal>0.424365349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</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>DISH Network Corporation</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH 11.75 11/15/27 144A</title>
        <cusip>25470MAG4</cusip>
        <identifiers>
          <ticker value="DISH"/>
          <other otherDesc="SEDOL Number" value="BQB9NW0"/>
          <isin value="US25470MAG42"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1030245</valUSD>
        <pctVal>0.217186257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.75</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>Eaton Vance Senior Income Trust</name>
        <lei>F34RFVU0FGX8OM0KE928</lei>
        <title>Eaton Vance Senior Income Trust SH BEN INT</title>
        <cusip>27826S103</cusip>
        <identifiers>
          <ticker value="EVF"/>
          <other otherDesc="SEDOL Number" value="2494032"/>
          <isin value="US27826S1033"/>
        </identifiers>
        <balance>307371</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1533781.29</valUSD>
        <pctVal>0.323336893</pctVal>
        <payoffProfile>Long</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>Eaton Vance Floating Rate Income Trust</name>
        <lei>HQOIMOIFYDO5NKVU2640</lei>
        <title>Eaton Vance Floating Rate Income Trust COM</title>
        <cusip>278279104</cusip>
        <identifiers>
          <ticker value="EFT"/>
          <other otherDesc="SEDOL Number" value="B01NFZ7"/>
          <isin value="US2782791048"/>
        </identifiers>
        <balance>170280</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1827104.4</valUSD>
        <pctVal>0.385172425</pctVal>
        <payoffProfile>Long</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>Eaton Vance Senior Floating Rate Trust</name>
        <lei>VJXUJZ1EC079NQ236240</lei>
        <title>Eaton Vance Senior Floating Rate Trust COM</title>
        <cusip>27828Q105</cusip>
        <identifiers>
          <ticker value="EFR"/>
          <other otherDesc="SEDOL Number" value="2183590"/>
          <isin value="US27828Q1058"/>
        </identifiers>
        <balance>108870</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1147489.8</valUSD>
        <pctVal>0.241902668</pctVal>
        <payoffProfile>Long</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>Embecta Corp.</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>EMBC 5 02/15/30 144A</title>
        <cusip>29082KAA3</cusip>
        <identifiers>
          <ticker value="EMBC"/>
          <other otherDesc="SEDOL Number" value="BN7J6G8"/>
          <isin value="US29082KAA34"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1850012.68</valUSD>
        <pctVal>0.390001727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V8.25 01/15/84 NC5</title>
        <cusip>29250NBS3</cusip>
        <identifiers>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL Number" value="BKPJRY4"/>
          <isin value="US29250NBS36"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1055505</valUSD>
        <pctVal>0.222511325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET V6.5 PERP H</title>
        <cusip>29273VAN0</cusip>
        <identifiers>
          <ticker value="ET"/>
          <other otherDesc="SEDOL Number" value="BN2CHF8"/>
          <isin value="US29273VAN01"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2494983.38</valUSD>
        <pctVal>0.525968193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>Enova International Inc.</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>ENVA 11.25 12/15/28 144A</title>
        <cusip>29357KAH6</cusip>
        <identifiers>
          <ticker value="ENVA"/>
          <other otherDesc="SEDOL Number" value="BSBH2Z4"/>
          <isin value="US29357KAH68"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2115644</valUSD>
        <pctVal>0.445999545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.25</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>Enstar Finance Llc</name>
        <lei>N/A</lei>
        <title>ESGR V5.5 01/15/42</title>
        <cusip>29360AAB6</cusip>
        <identifiers>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL Number" value="BPLFC57"/>
          <isin value="US29360AAB61"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2458037.75</valUSD>
        <pctVal>0.518179674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>Entergy Corporation</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>ETR V7.125 12/01/54</title>
        <cusip>29364GAQ6</cusip>
        <identifiers>
          <ticker value="ETR"/>
          <other otherDesc="SEDOL Number" value="BT02B50"/>
          <isin value="US29364GAQ64"/>
        </identifiers>
        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4098712</valUSD>
        <pctVal>0.864050703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125</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>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>EPD V0 08/16/77 D</title>
        <cusip>29379VBM4</cusip>
        <identifiers>
          <ticker value="EPD"/>
          <other otherDesc="SEDOL Number" value="BDF0M65"/>
          <isin value="US29379VBM46"/>
        </identifiers>
        <balance>1711000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1706825.35</valUSD>
        <pctVal>0.359816363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-08-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.90014</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>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>ES V6.1 08/15/56 A</title>
        <cusip>30040WBC1</cusip>
        <identifiers>
          <ticker value="ES"/>
          <other otherDesc="SEDOL Number" value="BWFB6G9"/>
          <isin value="US30040WBC10"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2962915.29</valUSD>
        <pctVal>0.624613059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1</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>F&amp;G Annuities &amp; Life Inc.</name>
        <lei>N/A</lei>
        <title>FG 6.5 06/04/29</title>
        <cusip>30190AAF1</cusip>
        <identifiers>
          <ticker value="FG"/>
          <other otherDesc="SEDOL Number" value="BT028Y8"/>
          <isin value="US30190AAF12"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2008357.74</valUSD>
        <pctVal>0.423382496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>Farm Credit Bank of Texas</name>
        <lei>V1EBJIOLRNYDHDF63Z33</lei>
        <title>FARMCB V7.75 PERP</title>
        <cusip>30767EAE9</cusip>
        <identifiers>
          <ticker value="FARMCB"/>
          <other otherDesc="SEDOL Number" value="BT03205"/>
          <isin value="US30767EAE95"/>
        </identifiers>
        <balance>7165000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7451600</valUSD>
        <pctVal>1.570874026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</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>Farm Credit Bank of Texas</name>
        <lei>V1EBJIOLRNYDHDF63Z33</lei>
        <title>FARMCB V7 PERP 6</title>
        <cusip>30767EAF6</cusip>
        <identifiers>
          <ticker value="FARMCB"/>
          <other otherDesc="SEDOL Number" value="BTQMQC6"/>
          <isin value="US30767EAF60"/>
        </identifiers>
        <balance>4950000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5071923.45</valUSD>
        <pctVal>1.0692137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</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>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FITB V0 PERP H</title>
        <cusip>316773CM0</cusip>
        <identifiers>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL Number" value="B98D1W2"/>
          <isin value="US316773CM07"/>
        </identifiers>
        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497910.3</valUSD>
        <pctVal>0.104964619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.99535</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>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FITB V0 PERP J</title>
        <cusip>316773CR9</cusip>
        <identifiers>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL Number" value="BP3SB02"/>
          <isin value="US316773CR93"/>
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        <balance>6718000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6690011.47</valUSD>
        <pctVal>1.41032332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.09135</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>Finance Of America Structured Securities Tr 2017-HB1</name>
        <lei>N/A</lei>
        <title>FASST 2024-S4 A3</title>
        <cusip>31741AAD8</cusip>
        <identifiers>
          <ticker value="FASST"/>
          <isin value="US31741AAD81"/>
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        <balance>1215785.47</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1178429.85</valUSD>
        <pctVal>0.248425149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2074-11-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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 American Funds Inc.</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>First American Funds Inc. GOVT OBLIGS X</title>
        <cusip>31846V336</cusip>
        <identifiers>
          <ticker value="FGXXX"/>
          <other otherDesc="SEDOL Number" value="BMBR4D4"/>
          <isin value="US31846V3362"/>
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        <balance>8681264.059999999</balance>
        <units>OU</units>
        <descOthUnits>STIV</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>8681264.06</valUSD>
        <pctVal>1.830099874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</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>FLEXENTIAL ISSUER LLC 2021-1</name>
        <lei>N/A</lei>
        <title>FLX 2021-1A C</title>
        <cusip>33938MAC3</cusip>
        <identifiers>
          <ticker value="FLX"/>
          <isin value="US33938MAC38"/>
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        <balance>9000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8936557.2</valUSD>
        <pctVal>1.883918298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.93</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>Fortress Transportation &amp; Infrastructure Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI 5.5 05/01/28 144A</title>
        <cusip>34960PAD3</cusip>
        <identifiers>
          <ticker value="FTAI"/>
          <other otherDesc="SEDOL Number" value="BMD14K1"/>
          <isin value="US34960PAD33"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3998586.8</valUSD>
        <pctVal>0.84294328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>GPMT LTD 2021-FL4</name>
        <lei>N/A</lei>
        <title>GPMT 2021-FL4 E</title>
        <cusip>36262TAL7</cusip>
        <identifiers>
          <ticker value="GPMT"/>
          <isin value="US36262TAL70"/>
        </identifiers>
        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4364929.5</valUSD>
        <pctVal>0.920172094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.23943</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>GPMT LTD</name>
        <lei>N/A</lei>
        <title>GPMT 2021-FL3 D</title>
        <cusip>36264BAJ9</cusip>
        <identifiers>
          <ticker value="GPMT"/>
          <isin value="US36264BAJ98"/>
        </identifiers>
        <balance>4465000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4099662.54</valUSD>
        <pctVal>0.864251087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.93943</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>General Motors Financial Company  Inc</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GM V5.75 PERP A</title>
        <cusip>37045XCA2</cusip>
        <identifiers>
          <ticker value="GM"/>
          <other otherDesc="SEDOL Number" value="BFB5M57"/>
          <isin value="US37045XCA28"/>
        </identifiers>
        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1460430.15</valUSD>
        <pctVal>0.307873717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>Genworth Financial Inc.</name>
        <lei>549300EMCG286BDNKJ33</lei>
        <title>GNW 6.5 06/15/34</title>
        <cusip>37247DAB2</cusip>
        <identifiers>
          <ticker value="GNW"/>
          <other otherDesc="SEDOL Number" value="BG48W50"/>
          <isin value="US37247DAB29"/>
        </identifiers>
        <balance>215000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216728.6</valUSD>
        <pctVal>0.045688621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>Genworth Financial Inc.</name>
        <lei>549300EMCG286BDNKJ33</lei>
        <title>GNW V0 11/15/36</title>
        <cusip>37247DAG1</cusip>
        <identifiers>
          <ticker value="GNW"/>
          <other otherDesc="SEDOL Number" value="B1GVH57"/>
          <isin value="US37247DAG16"/>
        </identifiers>
        <balance>5151000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4176590.48</valUSD>
        <pctVal>0.880468289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.91664</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>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. 1/1000TH INTEREST IN A SHARE OF FLOATING RATE NON-CUMULATIVE   PREFERRED STOCK, SERIES D</title>
        <cusip>38144G804</cusip>
        <identifiers>
          <ticker value="GS"/>
          <other otherDesc="SEDOL Number" value="B15CKS5"/>
          <isin value="US38144G8042"/>
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        <balance>227711</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4340171.66</valUSD>
        <pctVal>0.914952887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Green Dot Corp</name>
        <lei>N/A</lei>
        <title>GDOT 8.75 09/15/29 QIB</title>
        <cusip>39304DAA0</cusip>
        <identifiers>
          <ticker value="GDOT"/>
          <isin value="US39304DAA00"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2155000</valUSD>
        <pctVal>0.454296195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75</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>Hartford Life Inc</name>
        <lei>549300JNY7TGYLF3F693</lei>
        <title>TALRES 7.65 06/15/27</title>
        <cusip>416592AC7</cusip>
        <identifiers>
          <ticker value="TALRES"/>
          <other otherDesc="SEDOL Number" value="2108548"/>
          <isin value="US416592AC73"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3029340.63</valUSD>
        <pctVal>0.638616205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.65</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>Huntington Bancshares Incorporated</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HBAN V6.25 PERP K</title>
        <cusip>446150BG8</cusip>
        <identifiers>
          <ticker value="HBAN"/>
          <other otherDesc="SEDOL Number" value="BVSYVG3"/>
          <isin value="US446150BG87"/>
        </identifiers>
        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3448552.1</valUSD>
        <pctVal>0.7269903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>Huntsman International LLC</name>
        <lei>3YTEJFW18LGIUQ2N5J61</lei>
        <title>HUN 5.7 10/15/34</title>
        <cusip>44701QBG6</cusip>
        <identifiers>
          <ticker value="HUN"/>
          <other otherDesc="SEDOL Number" value="BRC3QG3"/>
          <isin value="US44701QBG64"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1839829.38</valUSD>
        <pctVal>0.387854982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7</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>Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>IEP 9 06/15/30</title>
        <cusip>451102CJ4</cusip>
        <identifiers>
          <ticker value="IEP"/>
          <other otherDesc="SEDOL Number" value="BTBJ8W6"/>
          <isin value="US451102CJ41"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2813415.9</valUSD>
        <pctVal>0.593097048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9</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>INVESCO SR INCOME TR</name>
        <lei>549300C38VE5Y5R75E56</lei>
        <title>INVESCO SR INCOME TR COM</title>
        <cusip>46131H107</cusip>
        <identifiers>
          <ticker value="VVR"/>
          <other otherDesc="SEDOL Number" value="2439969"/>
          <isin value="US46131H1077"/>
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        <balance>518888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1670819.36</valUSD>
        <pctVal>0.352225929</pctVal>
        <payoffProfile>Long</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>
      <invstOrSec>
        <name>Invesco Exchange Traded Fund Trust II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>Invesco Exchange Traded Fund Trust II SR LN ETF</title>
        <cusip>46138G508</cusip>
        <identifiers>
          <ticker value="BKLN"/>
          <other otherDesc="SEDOL Number" value="BZ03L33"/>
          <isin value="US46138G5080"/>
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        <balance>2733</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55780.53</valUSD>
        <pctVal>0.01175911</pctVal>
        <payoffProfile>Long</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>JetBlue Airways Corp. / JetBlue Loyalty LP</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JBLU 9.875 09/20/31 144A</title>
        <cusip>476920AA1</cusip>
        <identifiers>
          <ticker value="JBLU"/>
          <other otherDesc="SEDOL Number" value="BRXCZB7"/>
          <isin value="US476920AA15"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1890116.68</valUSD>
        <pctVal>0.398456063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.875</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>Jetblue Airways Corp 2020-1B Pass Through Trust</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JBLU 7.75 11/15/28 1B</title>
        <cusip>477164AB3</cusip>
        <identifiers>
          <ticker value="JBLU"/>
          <other otherDesc="SEDOL Number" value="BMDFLF7"/>
          <isin value="US477164AB33"/>
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        <balance>3260139.7199999997</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3284488.4</valUSD>
        <pctVal>0.692403983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</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>JetBlue Airways Corporation</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JBLU 8 05/15/29 2019</title>
        <cusip>477165AA2</cusip>
        <identifiers>
          <ticker value="JBLU"/>
          <other otherDesc="SEDOL Number" value="BL9ZKS0"/>
          <isin value="US477165AA25"/>
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        <balance>2714073.9899999998</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2737361.29</valUSD>
        <pctVal>0.577063953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co. 5.75% DEP SHS REP 1/400TH INT SHS NON CUM PFD STK SER DD</title>
        <cusip>48128B655</cusip>
        <identifiers>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL Number" value="BFY34D0"/>
          <isin value="US48128B6552"/>
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        <balance>238796</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5778863.2</valUSD>
        <pctVal>1.218243881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KREF 2021-Fl2 Ltd.</name>
        <lei>54930083ELM2GCMVTQ91</lei>
        <title>KREF 2021-FL2 D</title>
        <cusip>48275RAJ6</cusip>
        <identifiers>
          <ticker value="KREF"/>
          <isin value="US48275RAJ68"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4969663</valUSD>
        <pctVal>1.047656144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.99348</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>LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1</name>
        <lei>N/A</lei>
        <title>LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1 ABS 2048-02-25 USD</title>
        <cusip>50625BAC9</cusip>
        <identifiers>
          <isin value="US50625BAC90"/>
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        <balance>9805929.77</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9734737.74</valUSD>
        <pctVal>2.052182976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.5</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>LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1</name>
        <lei>N/A</lei>
        <title>LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1 ABS 2048-02-25 USD</title>
        <cusip>50625BAD7</cusip>
        <identifiers>
          <isin value="US50625BAD73"/>
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        <balance>1961185.95</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1945386.83</valUSD>
        <pctVal>0.41010758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6</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>LOANCORE 2021-CRE6 ISSUER LTD</name>
        <lei>N/A</lei>
        <title>LNCR 2021-CRE6 E</title>
        <cusip>53948HAL0</cusip>
        <identifiers>
          <ticker value="LNCR"/>
          <isin value="US53948HAL06"/>
        </identifiers>
        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4967707.5</valUSD>
        <pctVal>1.047243905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.23699</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>M&amp;T Bank Corporation</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>MTB V3.5 PERP</title>
        <cusip>55261FAN4</cusip>
        <identifiers>
          <ticker value="MTB"/>
          <other otherDesc="SEDOL Number" value="BPCKX47"/>
          <isin value="US55261FAN42"/>
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        <balance>4412000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4271340.15</valUSD>
        <pctVal>0.900442495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>Mattamy Group Corp</name>
        <lei>5493008TNY7A82WCXU31</lei>
        <title>MATHOM 6 12/15/33 144A</title>
        <cusip>57701RAQ5</cusip>
        <identifiers>
          <ticker value="MATHOM"/>
          <other otherDesc="SEDOL Number" value="BWH3YT2"/>
          <isin value="US57701RAQ56"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1878108</valUSD>
        <pctVal>0.39592451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>Mckesson Corp.</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>MCK 7.65 03/01/27</title>
        <cusip>581557AM7</cusip>
        <identifiers>
          <ticker value="MCK"/>
          <isin value="US581557AM75"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2054928.44</valUSD>
        <pctVal>0.433200079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.65</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>MetLife Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MET 10.75 08/01/39</title>
        <cusip>59156RAV0</cusip>
        <identifiers>
          <ticker value="MET"/>
          <other otherDesc="SEDOL Number" value="B3Q5R19"/>
          <isin value="US59156RAV06"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2592178</valUSD>
        <pctVal>0.54645782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75</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>MFS INVT GRADE MUN TR</name>
        <lei>TQV30XJRB3S7V50XRW52</lei>
        <title>MFS INVT GRADE MUN TR SH BEN INT</title>
        <cusip>59318B108</cusip>
        <identifiers>
          <ticker value="CXH"/>
          <other otherDesc="SEDOL Number" value="2211491"/>
          <isin value="US59318B1089"/>
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        <balance>241372</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1928562.28</valUSD>
        <pctVal>0.406560791</pctVal>
        <payoffProfile>Long</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>
      <invstOrSec>
        <name>MFS HIGH YIELD MUN TR</name>
        <lei>A8WLLLHJKX1MW5QPZU93</lei>
        <title>MFS HIGH YIELD MUN TR SH BEN INT</title>
        <cusip>59318E102</cusip>
        <identifiers>
          <ticker value="CMU"/>
          <other otherDesc="SEDOL Number" value="2210540"/>
          <isin value="US59318E1029"/>
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        <balance>731734</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2619607.72</valUSD>
        <pctVal>0.552240287</pctVal>
        <payoffProfile>Long</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>
      <invstOrSec>
        <name>Mineral Resources Ltd.</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 9.25 10/01/28 144A</title>
        <cusip>603051AE3</cusip>
        <identifiers>
          <ticker value="MINAU"/>
          <other otherDesc="SEDOL Number" value="BQ2LP29"/>
          <isin value="US603051AE37"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2072244.98</valUSD>
        <pctVal>0.436850584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25</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>MORGAN STNLY BAML TR 2025-5C1</name>
        <lei>N/A</lei>
        <title>MSBAM 2025-5C1 E</title>
        <cusip>61778GBJ4</cusip>
        <identifiers>
          <ticker value="MSBAM"/>
          <isin value="US61778GBJ40"/>
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        <balance>4098000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3573772.78</valUSD>
        <pctVal>0.753388109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</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>Nationwide Financial Services, Inc.</name>
        <lei>5493001H7AZNDS6BKJ36</lei>
        <title>NATMUT 6.75 05/15/37</title>
        <cusip>638612AJ0</cusip>
        <identifiers>
          <ticker value="NATMUT"/>
          <other otherDesc="SEDOL Number" value="B1XHJM9"/>
          <isin value="US638612AJ06"/>
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        <balance>7000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6944112.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Economy Assets Phase 1 Issuer LLC</name>
        <lei>N/A</lei>
        <title>USRE 2021-1 A1</title>
        <cusip>643821AA9</cusip>
        <identifiers>
          <ticker value="USRE"/>
          <other otherDesc="SEDOL Number" value="BLH2V79"/>
          <isin value="US643821AA93"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3357521.6</valUSD>
        <pctVal>0.707800133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.91</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Economy Assets Phase 1 Issuer LLC</name>
        <lei>N/A</lei>
        <title>USRE 2021-1 B1</title>
        <cusip>643821AB7</cusip>
        <identifiers>
          <ticker value="USRE"/>
          <other otherDesc="SEDOL Number" value="BMHSP38"/>
          <isin value="US643821AB76"/>
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        <balance>6750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4248317.7</valUSD>
        <pctVal>0.895589126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.41</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>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V3.8 03/15/82</title>
        <cusip>65339KCB4</cusip>
        <identifiers>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL Number" value="BNM2D83"/>
          <isin value="US65339KCB44"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4818947.5</valUSD>
        <pctVal>1.015883765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8</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>Nexpoint Real Estate Finance Inc</name>
        <lei>N/A</lei>
        <title>NREF 5.75 05/01/26</title>
        <cusip>65342VAA9</cusip>
        <identifiers>
          <ticker value="NREF"/>
          <isin value="US65342VAA98"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4988576.25</valUSD>
        <pctVal>1.051643252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>Nustar Logistics, L.P.</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NSUS 6.375 10/01/30</title>
        <cusip>67059TAH8</cusip>
        <identifiers>
          <ticker value="NSUS"/>
          <other otherDesc="SEDOL Number" value="BN7D7Y5"/>
          <isin value="US67059TAH86"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2067994</valUSD>
        <pctVal>0.435954434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375</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>Nuveen Floating Rate Income Fund</name>
        <lei>HJXCPP3KYE3BVU373P27</lei>
        <title>Nuveen Floating Rate Income Fund COM</title>
        <cusip>67072T108</cusip>
        <identifiers>
          <ticker value="JFR"/>
          <other otherDesc="SEDOL Number" value="B00KFT3"/>
          <isin value="US67072T1088"/>
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        <balance>1716759</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12910027.68</valUSD>
        <pctVal>2.721566799</pctVal>
        <payoffProfile>Long</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>
      <invstOrSec>
        <name>Nuveen Credit Strategies Income Fund</name>
        <lei>W4CSTD4RDGQSJ4FOVO30</lei>
        <title>Nuveen Credit Strategies Income Fund COM SHS</title>
        <cusip>67073D102</cusip>
        <identifiers>
          <ticker value="JQC"/>
          <other otherDesc="SEDOL Number" value="2842266"/>
          <isin value="US67073D1028"/>
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        <balance>306035</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1490390.45</valUSD>
        <pctVal>0.314189657</pctVal>
        <payoffProfile>Long</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>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 6.4 05/01/37</title>
        <cusip>682680BT9</cusip>
        <identifiers>
          <ticker value="OKE"/>
          <other otherDesc="SEDOL Number" value="BRC7M67"/>
          <isin value="US682680BT99"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3107568.66</valUSD>
        <pctVal>0.655107479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.4</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>ONITY LOAN INVESTMENT TRUST 2025-HB1</name>
        <lei>N/A</lei>
        <title>OLIT 2025-HB1 M2</title>
        <cusip>68278EAC5</cusip>
        <identifiers>
          <ticker value="OLIT"/>
          <isin value="US68278EAC57"/>
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        <balance>1877000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1763051.83</valUSD>
        <pctVal>0.371669484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3</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>PNC Financial Services Group Inc.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC V3.4 PERP T</title>
        <cusip>693475BC8</cusip>
        <identifiers>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL Number" value="BNHXFV8"/>
          <isin value="US693475BC86"/>
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        <balance>12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11810314.68</valUSD>
        <pctVal>2.489735972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4</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>Perrigo Company PLC</name>
        <lei>549300IFOQS6R1QLY196</lei>
        <title>PRGO 5.3 11/15/43</title>
        <cusip>714294AH8</cusip>
        <identifiers>
          <ticker value="PRGO"/>
          <other otherDesc="SEDOL Number" value="BDR71B2"/>
          <isin value="US714294AH85"/>
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        <balance>3485000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2212975</valUSD>
        <pctVal>0.466517922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3</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>Phillips 66 Co.</name>
        <lei>RVJMT2IZVVSKIRJJBH76</lei>
        <title>PSX V5.875 03/15/56 A</title>
        <cusip>718547AZ5</cusip>
        <identifiers>
          <ticker value="PSX"/>
          <other otherDesc="SEDOL Number" value="BQTWXV0"/>
          <isin value="US718547AZ55"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3939032.4</valUSD>
        <pctVal>0.830388599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</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>PIONEER AIRCRAFT FINANCE LIMITED</name>
        <lei>N/A</lei>
        <title>PION 2019-1 A</title>
        <cusip>72353PAA4</cusip>
        <identifiers>
          <ticker value="PION"/>
          <isin value="US72353PAA49"/>
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        <balance>181953.52</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181504.42</valUSD>
        <pctVal>0.038263001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.967</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>Pitney Bowes Inc.</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>PBI 6.875 03/15/27 144A</title>
        <cusip>724479AP5</cusip>
        <identifiers>
          <ticker value="PBI"/>
          <other otherDesc="SEDOL Number" value="BNC23N8"/>
          <isin value="US724479AP57"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1997360.2</valUSD>
        <pctVal>0.421064102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875</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>Public Storage</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>Public Storage DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 5.15% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES F</title>
        <cusip>74460W685</cusip>
        <identifiers>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL Number" value="BYZ2PF8"/>
          <isin value="US74460W6856"/>
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        <balance>3955</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77557.55</valUSD>
        <pctVal>0.01634993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RiverNorth Capital and Income Fund Inc</name>
        <lei>54930061II7PXY87SC72</lei>
        <title>RiverNorth Capital and Income Fund Inc COM</title>
        <cusip>76882B108</cusip>
        <identifiers>
          <ticker value="RSF"/>
          <other otherDesc="SEDOL Number" value="BK95C54"/>
          <isin value="US76882B1089"/>
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        <balance>97182</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1413998.1</valUSD>
        <pctVal>0.298085363</pctVal>
        <payoffProfile>Long</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>SMB Private Education Loan Trust</name>
        <lei>549300XC4C7GRVLU6076</lei>
        <title>SMB 2014-A C</title>
        <cusip>784456AF2</cusip>
        <identifiers>
          <ticker value="SMB"/>
          <isin value="US784456AF27"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2711540.1</valUSD>
        <pctVal>0.57162058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR Series Trust STATE STREET SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF</title>
        <cusip>78468R408</cusip>
        <identifiers>
          <ticker value="SJNK"/>
          <other otherDesc="SEDOL Number" value="B7N0HC6"/>
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        <balance>45777</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1143509.46</valUSD>
        <pctVal>0.241063572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STWD 2022-FL3 LTD</name>
        <lei>N/A</lei>
        <title>STWD 2022-FL3 E</title>
        <cusip>78485KAN5</cusip>
        <identifiers>
          <ticker value="STWD"/>
          <isin value="US78485KAN54"/>
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        <balance>3590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3559421.1</valUSD>
        <pctVal>0.750362627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.92223</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STWD 2021-FL2 LTD</name>
        <lei>N/A</lei>
        <title>STWD 2021-FL2 D</title>
        <cusip>78486BAJ3</cusip>
        <identifiers>
          <ticker value="STWD"/>
          <isin value="US78486BAJ35"/>
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        <balance>12654000</balance>
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        <curCd>USD</curCd>
        <valUSD>12683405.37</valUSD>
        <pctVal>2.673792482</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.58943</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sammons Financial Group Inc</name>
        <lei>254900SHCOQLVJ21CT59</lei>
        <title>SAMMON 4.75 04/08/32 144A</title>
        <cusip>79588TAE0</cusip>
        <identifiers>
          <ticker value="SAMMON"/>
          <other otherDesc="SEDOL Number" value="BKVF3F9"/>
          <isin value="US79588TAE01"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2381690.78</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW V5 PERP K</title>
        <cusip>808513CB9</cusip>
        <identifiers>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL Number" value="BP6LTG0"/>
          <isin value="US808513CB92"/>
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        <balance>4500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4450500</valUSD>
        <pctVal>0.938211237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>The J M Smucker Company</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>SJM 6.5 11/15/43</title>
        <cusip>832696AY4</cusip>
        <identifiers>
          <ticker value="SJM"/>
          <other otherDesc="SEDOL Number" value="BMTQVH6"/>
          <isin value="US832696AY47"/>
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        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1302834.26</valUSD>
        <pctVal>0.27465088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>South Jersey Industries Inc</name>
        <lei>549300DJYWYT5VXLFA46</lei>
        <title>SJI 5.02 04/15/31</title>
        <cusip>838518AA6</cusip>
        <identifiers>
          <ticker value="SJI"/>
          <other otherDesc="SEDOL Number" value="BMTDWH4"/>
          <isin value="US838518AA63"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1747445.94</valUSD>
        <pctVal>0.368379602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.02</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>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.25 06/01/56</title>
        <cusip>84857LAD3</cusip>
        <identifiers>
          <ticker value="SR"/>
          <other otherDesc="SEDOL Number" value="BV4H6H2"/>
          <isin value="US84857LAD38"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2966543.1</valUSD>
        <pctVal>0.625377839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>Stanley Black &amp; Decker, Inc.</name>
        <lei>549300DJ09SMTO561131</lei>
        <title>SWK V6.707 03/15/60</title>
        <cusip>854502AM3</cusip>
        <identifiers>
          <ticker value="SWK"/>
          <other otherDesc="SEDOL Number" value="BKZHNQ2"/>
          <isin value="US854502AM31"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2929899.6</valUSD>
        <pctVal>0.617653012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.707</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>Summit Midstream Holdings, LLC / Summit Midstream Finance Corp.</name>
        <lei>N/A</lei>
        <title>SUMMPL 8.625 10/31/29 144A</title>
        <cusip>86614JAA3</cusip>
        <identifiers>
          <ticker value="SUMMPL"/>
          <other otherDesc="SEDOL Number" value="BRC1753"/>
          <isin value="US86614JAA34"/>
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        <balance>6490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6674718.38</valUSD>
        <pctVal>1.407099379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625</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>Total Return Securities Fund</name>
        <lei>549300HQZ0XPGTS5Q724</lei>
        <title>Total Return Securities Fund COM</title>
        <cusip>870875101</cusip>
        <identifiers>
          <ticker value="SWZ"/>
          <other otherDesc="SEDOL Number" value="2420220"/>
          <isin value="US8708751016"/>
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        <balance>500294</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2966743.42</valUSD>
        <pctVal>0.625420068</pctVal>
        <payoffProfile>Long</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>Tenneco LLC</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>TENINC 8 11/17/28 144A</title>
        <cusip>880349AU9</cusip>
        <identifiers>
          <ticker value="TENINC"/>
          <other otherDesc="SEDOL Number" value="BQ1PCD2"/>
          <isin value="US880349AU90"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2989329.9</valUSD>
        <pctVal>0.630181531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</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>Tidewater Inc New</name>
        <lei>2549000JA5GRUPLMUH98</lei>
        <title>TDW 9.125 07/15/30 144A</title>
        <cusip>88642RAE9</cusip>
        <identifiers>
          <ticker value="TDW"/>
          <other otherDesc="SEDOL Number" value="BVLGVV1"/>
          <isin value="US88642RAE99"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2663330</valUSD>
        <pctVal>0.561457394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V6.669 PERP N</title>
        <cusip>89832QAD1</cusip>
        <identifiers>
          <ticker value="TFC"/>
          <isin value="US89832QAD16"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1996477.6</valUSD>
        <pctVal>0.42087804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.669</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>
        <name>U.S. Bancorp.</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>U.S. Bancorp. DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF SERIES L NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
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          <ticker value="USB"/>
          <other otherDesc="SEDOL Number" value="BMFV904"/>
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        <curCd>USD</curCd>
        <valUSD>2762285.4</valUSD>
        <pctVal>0.582318212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMH Properties Inc</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH Properties Inc 6.375% CUMULATIVE REDEEMABLE PREFERRED STOCK SER D</title>
        <cusip>903002509</cusip>
        <identifiers>
          <ticker value="UMH"/>
          <other otherDesc="SEDOL Number" value="BFMTG89"/>
          <isin value="US9030025095"/>
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        <balance>544584</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11305563.84</valUSD>
        <pctVal>2.383329296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIV TRUST 2025-APTS</name>
        <lei>N/A</lei>
        <title>UNIV 2025-APTS C</title>
        <cusip>91336XAG6</cusip>
        <identifiers>
          <ticker value="UNIV"/>
          <isin value="US91336XAG60"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2989528.8</valUSD>
        <pctVal>0.630223461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35965</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>VMC FIN LL 2021-FL4</name>
        <lei>N/A</lei>
        <title>VMC 2021-FL4 C</title>
        <cusip>91835RAG5</cusip>
        <identifiers>
          <ticker value="VMC"/>
          <isin value="US91835RAG56"/>
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        <balance>4441119</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4396541.71</valUSD>
        <pctVal>0.926836274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.04404</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co. 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED    STOCK, SERIES L</title>
        <cusip>949746804</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL Number" value="B3KRSW9"/>
          <isin value="US9497468044"/>
        </identifiers>
        <balance>7201</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8332633.79</valUSD>
        <pctVal>1.756605023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verde Purchaser LLC</name>
        <lei>2549004HFEKMUGBG3Z35</lei>
        <title>VRTV 10.5 11/30/30 144A</title>
        <cusip>92339LAA0</cusip>
        <identifiers>
          <ticker value="VRTV"/>
          <other otherDesc="SEDOL Number" value="BMJ0LG7"/>
          <isin value="US92339LAA08"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3117744</valUSD>
        <pctVal>0.657252546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.5</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>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V6.85 PERP</title>
        <cusip>95002YAC7</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL Number" value="BRC14H4"/>
          <isin value="US95002YAC75"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2073210</valUSD>
        <pctVal>0.437054021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85</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>Vistra Operations Co LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 5 07/31/27 144A</title>
        <cusip>92840VAF9</cusip>
        <identifiers>
          <ticker value="VST"/>
          <other otherDesc="SEDOL Number" value="BHRH886"/>
          <isin value="US92840VAF94"/>
        </identifiers>
        <balance>1460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1454847.81</valUSD>
        <pctVal>0.306696902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>N/A</name>
        <lei>N/A</lei>
        <title>PNR-MUNI HI INC-ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC018"/>
        </identifiers>
        <balance>194683</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>29202.45</valUSD>
        <pctVal>-6.1561805</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PNR-MUNI HI INC-ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC026"/>
        </identifiers>
        <balance>704314</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>288768.74</valUSD>
        <pctVal>0.000608754</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PNR-MUNI HI INC-ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC034"/>
        </identifiers>
        <balance>163375</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>58815</valUSD>
        <pctVal>0.000123988</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PIONEER HIGH INCOME ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC042"/>
        </identifiers>
        <balance>613257</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>0.61</valUSD>
        <pctVal>-1.2859409</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PIONEER DIVERSIF ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC059"/>
        </identifiers>
        <balance>245326</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>0.25</valUSD>
        <pctVal>-5.270261</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PNR-FLTNG CVR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC067"/>
        </identifiers>
        <balance>364437</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>76531.77</valUSD>
        <pctVal>0.000161337</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ARGO Float 09/30/33</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="PPFWH0SD6"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>937890</valUSD>
        <pctVal>0.001977169</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBAT 2026-1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="22564AAJ8"/>
        </identifiers>
        <balance>15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13425000</valUSD>
        <pctVal>0.028301283</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>SCM Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Gregory Pusch</ncom:signature>
      <ncom:signerName>Gregory Pusch</ncom:signerName>
      <ncom:title>General Counsel and CCO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
