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      <invstOrSec>
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        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 5.12500000</title>
        <cusip>01741RAM4</cusip>
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        <lei>549300G8S4PO686J7H97</lei>
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        <cusip>018581AR9</cusip>
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        <name>ALLIANT HOLD / C 6.5% 10/01/31</name>
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        <cusip>01883LAG8</cusip>
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        <name>ALLY FINANCIAL I 6.7% 02/14/33</name>
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        <title>ALLY FINANCIAL INC REGD 6.70000000</title>
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        <name>ALLY FINANCIAL IN V/R 01/17/40</name>
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        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
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          <isin value="US29275YAC66"/>
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      <invstOrSec>
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      <invstOrSec>
        <name>ENTEGRIS INC 5.95% 06/15/30</name>
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          <isin value="US29365BAB99"/>
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        <cusip>29450YAB5</cusip>
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          <isin value="US29450YAB56"/>
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        <lei>254900PWJK48CGPKPI80</lei>
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        <name>EXCELERATE ENERGY  8% 05/15/30</name>
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        <cusip>30069UAA6</cusip>
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          <isin value="US30069UAA60"/>
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        <name>GFL ENVIRONMENTA 5.5% 02/01/34</name>
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          <isin value="US36273TAA88"/>
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        <lei>9695009BGMXB527HV965</lei>
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        <lei>N/A</lei>
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        <name>IMOLA MERGER CO 4.75% 05/15/29</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CRESCENT ENERG 7.625% 04/01/32</name>
        <lei>54930061FUL6DBLFUW14</lei>
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        <identifiers>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <lei>254900VSX7CEW7CNTO51</lei>
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        <cusip>456142AA6</cusip>
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        <name>INSULET CORPORAT 6.5% 04/01/33</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ION PLATFORM F 7.875% 09/30/32</name>
        <lei>213800FKHT3BRRKMCC89</lei>
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        <cusip>46205QAB4</cusip>
        <identifiers>
          <isin value="US46205QAB41"/>
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        <curCd>USD</curCd>
        <valUSD>344627.16000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ION PLAT FIN US 5.75% 05/15/28</name>
        <lei>N/A</lei>
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        <cusip>46206AAA0</cusip>
        <identifiers>
          <isin value="US46206AAA07"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ION PLAT FIN U 4.625% 05/01/28</name>
        <lei>N/A</lei>
        <title>ION PLAT FIN US/SARL REGD P/P 4.62500000</title>
        <cusip>46206AAC6</cusip>
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          <isin value="US46206AAC62"/>
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        <name>IRIS HOLDING INC 10% 12/15/28</name>
        <lei>54930013SPZ2NB3I3V40</lei>
        <title>IRIS HOLDING INC REGD 144A P/P 10.00000000</title>
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        <name>JANE STREET GRP/ 4.5% 11/15/29</name>
        <lei>N/A</lei>
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        <cusip>47077WAA6</cusip>
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          <isin value="US47077WAA62"/>
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        <name>JANE STREET GR 7.125% 04/30/31</name>
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        <name>JANE STREET GR 6.125% 11/01/32</name>
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        <name>JANE STREET GRP 6.75% 05/01/33</name>
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        <name>KENNEDY-WILSON  4.75% 03/01/29</name>
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          <couponKind>Fixed</couponKind>
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        <name>KODIAK GAS SERV 7.25% 02/15/29</name>
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        <cusip>50012LAC8</cusip>
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        <valUSD>659039.20000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>LADDER CAP FIN LLL 7% 07/15/31</name>
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        <name>LAND O LAKES CA 7.45% 03/15/28</name>
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        <name>CRESCENT ENERG 7.875% 04/15/32</name>
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      <invstOrSec>
        <name>LBM ACQUISITION  9.5% 06/15/31</name>
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        <valUSD>349181.62000000</valUSD>
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        <name>LIGHT &amp; WONDER  6.25% 10/01/33</name>
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          <isin value="US531968AB19"/>
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          <isin value="US55903VBW28"/>
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      <invstOrSec>
        <name>MATCH GROUP HL 4.125% 08/01/30</name>
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          <isin value="US57665RAL06"/>
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        <name>MATCH GROUP HL 3.625% 10/01/31</name>
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          <isin value="US57667JAA07"/>
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        <name>MATCH GROUP HL 6.125% 09/15/33</name>
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        <name>MATTAMY GROUP CORP 6% 12/15/33</name>
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        <name>MEDLINE BORROWE 6.25% 04/01/29</name>
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        <title>MEDLINE BORROWER/MEDL CO REGD 144A P/P 6.25000000</title>
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          <isin value="US58506DAA63"/>
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      <invstOrSec>
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      <invstOrSec>
        <name>NRG ENERGY INC 5.75% 01/15/28</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>NRG ENERGY INC 3.625% 02/15/31</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRG ENERGY INC 6.25% 11/01/34</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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      <invstOrSec>
        <name>NRG ENERGY INC 5.75% 01/15/34</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>NRG ENERGY INC 6% 01/15/36</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NEPTUNE BIDCO U 9.29% 04/15/29</name>
        <lei>N/A</lei>
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        <cusip>640695AA0</cusip>
        <identifiers>
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        <valUSD>1381612.39000000</valUSD>
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        <name>XPLR INFRAST OPE 4.5% 09/15/27</name>
        <lei>N/A</lei>
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        <cusip>65342QAB8</cusip>
        <identifiers>
          <isin value="US65342QAB86"/>
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        <valUSD>443279.72000000</valUSD>
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        <lei>OKFF0PIZDDMNH4UCYE51</lei>
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        <lei>YF6ZV0M6AU4FY94MK914</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>SIRIUS XM RADI 5.875% 04/15/32</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>SIRIUS XM RADI 3.875% 09/01/31</name>
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          <isin value="US82967NBM92"/>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <name>BLOCK INC 6.5% 05/15/32</name>
        <lei>549300OHIIUWSTIZME52</lei>
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        <identifiers>
          <isin value="US852234AS26"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>BLOCK INC 6% 08/15/33</name>
        <lei>549300OHIIUWSTIZME52</lei>
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          <isin value="US852234AU71"/>
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        <curCd>USD</curCd>
        <valUSD>162711.36000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STANDARD BUILD 5.875% 03/15/34</name>
        <lei>N/A</lei>
        <title>STANDARD BUILDING SOLUTI REGD 144A P/P 5.87500000</title>
        <cusip>853192AA0</cusip>
        <identifiers>
          <isin value="US853192AA08"/>
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        <balance>88000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87928.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>STANDARD INDUS 3.375% 01/15/31</name>
        <lei>N/A</lei>
        <title>STANDARD INDUSTRI INC/NY REGD 144A P/P 3.37500000</title>
        <cusip>853496AH0</cusip>
        <identifiers>
          <isin value="US853496AH04"/>
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        <curCd>USD</curCd>
        <valUSD>568108.77000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>STAR LEASING C 7.625% 02/15/30</name>
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        <cusip>854938AA5</cusip>
        <identifiers>
          <isin value="US854938AA54"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>638359.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>STAR PARENT INC 9% 10/01/30</name>
        <lei>254900GRGCJYRMDRWT73</lei>
        <title>STAR PARENT INC REGD 144A P/P 9.00000000</title>
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        <identifiers>
          <isin value="US855170AA41"/>
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        <curCd>USD</curCd>
        <valUSD>696097.27000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>STARWOOD PROPER 7.25% 04/01/29</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <cusip>85571BBB0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <name>STATION CASINO 6.625% 03/15/32</name>
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        <name>SUNOCO LP 5.625% 03/15/31</name>
        <lei>54930001NJU8E40NQ561</lei>
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        <name>SUNOCO LP 5.875% 03/15/34</name>
        <lei>54930001NJU8E40NQ561</lei>
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        <lei>N/A</lei>
        <title>T/L ARCTIC CANADIAN DIAMOND COMPANY LTD REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX192700"/>
        </identifiers>
        <balance>378582.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.25773000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Morgan Stanley Pathway Funds</ncom:nameOfApplicant>
      <ncom:signature>James F. Kirchner</ncom:signature>
      <ncom:signerName>James F. Kirchner</ncom:signerName>
      <ncom:title>Chief Financial Officer </ncom:title>
    </signature>
  </formData>
</edgarSubmission>
