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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <title>AESOP 2024-2A D</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Avolon Holdings Funding Ltd.</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>B.A.T. Capital Corporation</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BATSLN 7 3/4 10/19/32</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BBCMS Mortgage Trust 2020-C6</name>
        <lei>N/A</lei>
        <title>BBCMS 2018-TALL A</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bbcms Mortgage Trust 2018-CBM</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BP Capital Markets PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <cusip>05571AAS4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <name>BX Trust 2025-Roic</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust 2018-Bilt</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Blackrock Inc.</name>
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        <name>BlueLinx Holdings Inc.</name>
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        <name>Boeing Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Booz Allen Hamilton Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Booz Allen Hamilton Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brazil (Federative Republic)</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Brazil (Federative Republic)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>British Airways PLC</name>
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        <name>Broadcom Inc</name>
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        <name>Broadcom Inc</name>
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        <name>Brookfield Asset Management Ltd</name>
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        <name>The Brooklyn Union Gas Company</name>
        <lei>83BQ1DXS6VA5GZFK8S35</lei>
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        <name>Buckeye Partners LP</name>
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        <name>Builders Firstsource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
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        <name>Citigroup Inc.</name>
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        <name>Citigroup Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Neptune BidCo US Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan Trust 2024-Nqm3</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Newell Brands Inc.</name>
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        <name>NextEra Energy Capital Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nigeria (Federal Republic of)</name>
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        <name>Reliance Industries Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sofi Consumer Ln Program 2016-5 Llc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tharaldson Hotel Portfolio Trust</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Taco Bell Funding Llc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Taylor Morrison Communities Inc</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corporation</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Texas Capital Bancshares, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Companies Inc. (The)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Toll Brothers Finance Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>The Toronto-Dominion Bank</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TOWD POINT MORTGAGE TRUST 2025-CES4</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust 2016-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Pt Mtg Tr 2017-1</name>
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        <name>Towd Point Mortgage Trust 2017 4</name>
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        <name>Towd Point Mortgage Trust 2015-3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <name>TOWD PT MTG TR 2019-2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <cusip>64069JAC6</cusip>
        <identifiers>
          <isin value="US64069JAC62"/>
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        <balance>252.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>252.87000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.32964800</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Breezeline (fka Atlantic Broadband)</name>
        <lei>549300SM780G0XC48K12</lei>
        <title>CCACN TL B 1L USD</title>
        <cusip>19239BAD0</cusip>
        <identifiers>
          <isin value="US19239BAD01"/>
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        <balance>171426.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>163834.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.96610100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIRECTV</name>
        <lei>N/A</lei>
        <title>DTV TL 1L USD</title>
        <cusip>25460HAD4</cusip>
        <identifiers>
          <isin value="US25460HAD44"/>
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        <balance>211770.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>212373.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.79125800</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SS&amp;C Technologies</name>
        <lei>529900POY8H7NPPNKK71</lei>
        <title>SSNC TL B8 1L USD</title>
        <cusip>78466DBJ2</cusip>
        <identifiers>
          <isin value="US78466DBJ28"/>
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        <balance>142756.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>142918.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.34393200</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Univision Communications/Televisa</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UVN TL B 1L USD</title>
        <cusip>914908BD9</cusip>
        <identifiers>
          <isin value="US914908BD90"/>
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        <balance>226550.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226762.96000000</valUSD>
        <pctVal>0.069208651225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.94129000</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>TransDigm</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG TL J 1L USD</title>
        <cusip>89364MCA0</cusip>
        <identifiers>
          <isin value="US89364MCA09"/>
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        <balance>191232.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191359.60000000</valUSD>
        <pctVal>0.058403452728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.79916900</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>Ineos Group</name>
        <lei>5493008MHJ4R367SNK31</lei>
        <title>INEGRP TL B 1L USD</title>
        <cusip>G4768PAN1</cusip>
        <identifiers>
          <isin value="XAG4768PAN15"/>
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        <balance>106606.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77289.67000000</valUSD>
        <pctVal>0.023589010367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.57680800</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>Harbor Freight</name>
        <lei>549300Y48HLCFTTB4249</lei>
        <title>HARFRE TL B 1L USD</title>
        <cusip>41151PAR6</cusip>
        <identifiers>
          <isin value="US41151PAR64"/>
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        <balance>93217.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92248.51000000</valUSD>
        <pctVal>0.028154487640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.57681100</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>Iron Mountain</name>
        <lei>5493009M0X1LQXGBWV02</lei>
        <title>IRM TL B 1L USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US46284NAV10"/>
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        <balance>171179.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170056.12000000</valUSD>
        <pctVal>0.051901574656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.32680900</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>Amentum (AECOM management business)</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>AECMAN TL B 1L USD</title>
        <cusip>02351XAB4</cusip>
        <identifiers>
          <isin value="US02351XAB47"/>
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        <balance>147387.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147571.78000000</valUSD>
        <pctVal>0.045039295009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.57681100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Del Monte Foods Inc</name>
        <lei>549300U9K7TD84Q24R17</lei>
        <title>DELMFD TL 1L USD</title>
        <cusip>24521WAC3</cusip>
        <identifiers>
          <isin value="US24521WAC38"/>
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        <balance>52259.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2482.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.57374900</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>Del Monte Foods Inc</name>
        <lei>549300U9K7TD84Q24R17</lei>
        <title>DELMFD TL 1L USD</title>
        <cusip>24521WAB5</cusip>
        <identifiers>
          <isin value="US24521WAB54"/>
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        <balance>38092.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19173.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.47375200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Del Monte Foods Inc</name>
        <lei>549300U9K7TD84Q24R17</lei>
        <title>DELMFD PIK-TERM 1L USD</title>
        <cusip>24521WAD1</cusip>
        <identifiers>
          <isin value="US24521WAD11"/>
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        <balance>120325.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2481.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.34664000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Froneri</name>
        <lei>213800NRSZ1N2Y6LEX44</lei>
        <title>ICECR TL B 1L USD</title>
        <cusip>G3679YAK8</cusip>
        <identifiers>
          <isin value="XAG3679YAK82"/>
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        <balance>382610.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382449.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.87732000</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>Formula One</name>
        <lei>N/A</lei>
        <title>FMUONE TL B1 1L USD</title>
        <cusip>L2465BAW6</cusip>
        <identifiers>
          <isin value="XAL2465BAW62"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205224.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.29916800</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>Cornerstone Generation</name>
        <lei>N/A</lei>
        <title>LGHTGN TL B 1L USD</title>
        <cusip>21924NAB4</cusip>
        <identifiers>
          <isin value="US21924NAB47"/>
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        <balance>77094.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77785.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.05399900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>StandardAero Aviation Holdings</name>
        <lei>549300L1RCRPOAUCB870</lei>
        <title>DAEAVI TL B1 1L USD</title>
        <cusip>26812CAN6</cusip>
        <identifiers>
          <isin value="US26812CAN65"/>
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        <balance>149200.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149768.63000000</valUSD>
        <pctVal>0.045709779402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.32680900</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>Dynasty Acquisition Co Inc</name>
        <lei>549300L1RCRPOAUCB870</lei>
        <title>DAEAVI TL B2 1L USD</title>
        <cusip>26812CAP1</cusip>
        <identifiers>
          <isin value="US26812CAP14"/>
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        <balance>56751.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56967.22000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UKG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citadel Enterprise</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Select Medical</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Caesars Entertainment Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Charter Communications Operating</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Westinghouse Electric Co</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ADT Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BrightSpring Health Services/PharMerica</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Gates Industrial (Gates Global)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Truist Insurance Holdings </name>
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        <name>frontdoor</name>
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        <title>FTDR TL B 1L USD</title>
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        <name>Flutter Entertainment</name>
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        <name>WhiteWater DBR</name>
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        <name>Freeport LNG Investments</name>
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        <title>FLIQII TL B 1L USD</title>
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        <name>GIP Pilot Acquisition Partners</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Clarios (Power Solutions)</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>POWSOL TL B 1L USD</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oryx Southern Delaware Holdings</name>
        <lei>254900YYHRDANYFAHC43</lei>
        <title>ORYSOU TL B 1L USD</title>
        <cusip>68764JAJ0</cusip>
        <identifiers>
          <isin value="US68764JAJ07"/>
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        <balance>204081.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204435.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.57472000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Endeavor</name>
        <lei>N/A</lei>
        <title>EDR TL B 1L USD</title>
        <cusip>26875YAB8</cusip>
        <identifiers>
          <isin value="US26875YAB83"/>
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        <balance>94525.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94702.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.42192100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BrightView Landscapes (fka Brickman)</name>
        <lei>549300OSAEQC89PVOW06</lei>
        <title>BRKMAN TL B 1L USD</title>
        <cusip>10801XAL1</cusip>
        <identifiers>
          <isin value="US10801XAL10"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>294815.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.31300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hilcorp Energy</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>HILCRP TL B 1L USD</title>
        <cusip>431319AH5</cusip>
        <identifiers>
          <isin value="US431319AH53"/>
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        <balance>74437.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74623.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.31440000</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>Atlas Air</name>
        <lei>N/A</lei>
        <title>AAWW TL B 1L USD</title>
        <cusip>75223LAD8</cusip>
        <identifiers>
          <isin value="US75223LAD82"/>
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        <balance>258693.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>259582.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.67194100</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>North American Bancard</name>
        <lei>549300G4QOYNTNBXSH82</lei>
        <title>TL B 1L USD</title>
        <cusip>66345FAB7</cusip>
        <identifiers>
          <isin value="US66345FAB76"/>
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        <balance>204819.83000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193920.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.79916900</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>Quikrete</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>QUIKHO TL B1 1L USD</title>
        <cusip>74839XAM1</cusip>
        <identifiers>
          <isin value="US74839XAM11"/>
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        <balance>127407.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127637.71000000</valUSD>
        <pctVal>0.038955364467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.96610000</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>Minimax Viking</name>
        <lei>549300Z5C6IXF1KV0Z78</lei>
        <title>MINVIK TL B 1L USD</title>
        <cusip>55404TAF9</cusip>
        <identifiers>
          <isin value="US55404TAF93"/>
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        <balance>174126.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174452.58000000</valUSD>
        <pctVal>0.053243385800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.57681100</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>American Airlines</name>
        <lei>N/A</lei>
        <title>AAL TL B 1L USD</title>
        <cusip>02376CBS3</cusip>
        <identifiers>
          <isin value="US02376CBS35"/>
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        <balance>158800.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159131.10000000</valUSD>
        <pctVal>0.048567229846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.91763000</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>American Axle</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>AXL TL C 1L USD</title>
        <cusip>02406MAW7</cusip>
        <identifiers>
          <isin value="US02406MAW73"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140525.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.40459900</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>Newly Weds Foods</name>
        <lei>N/A</lei>
        <title>NWFOOD TL B 1L USD</title>
        <cusip>75701MAE5</cusip>
        <identifiers>
          <isin value="US75701MAE57"/>
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        <balance>213925.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214460.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.56176000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energizer Holdings</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENR TL B 1L USD</title>
        <cusip>29267YAW2</cusip>
        <identifiers>
          <isin value="US29267YAW21"/>
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        <balance>89034.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89034.89000000</valUSD>
        <pctVal>0.027173682372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.32743900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Flutter Entertainment</name>
        <lei>635400EG4YIJLJMZJ782</lei>
        <title>FLTR TL B 1L USD</title>
        <cusip>N3313EAJ9</cusip>
        <identifiers>
          <isin value="XAN3313EAJ90"/>
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        <balance>124150.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124098.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35280100</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Astoria Energy</name>
        <lei>N/A</lei>
        <title>ASTENE TL B 1L USD</title>
        <cusip>04626LAJ8</cusip>
        <identifiers>
          <isin value="US04626LAJ89"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195837.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.42539900</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sazerac Company</name>
        <lei>N/A</lei>
        <title>SAZECO TL B 1L USD</title>
        <cusip>80583EAN6</cusip>
        <identifiers>
          <isin value="US80583EAN67"/>
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        <balance>124687.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125155.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.81320200</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nexstar Broadcasting</name>
        <lei>N/A</lei>
        <title>NXST TL B 1L USD</title>
        <cusip>65336RBB3</cusip>
        <identifiers>
          <isin value="US65336RBB33"/>
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        <balance>383075.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383392.95000000</valUSD>
        <pctVal>0.117012535727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.81180100</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>Beach Acquisition Bidco LLC</name>
        <lei>254900F2FNX3GBTB6202</lei>
        <title>SKX TL B 1L USD</title>
        <cusip>07337FAB1</cusip>
        <identifiers>
          <isin value="US07337FAB13"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70218.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.30836000</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>Belron</name>
        <lei>N/A</lei>
        <title>BELRON TL B 1L USD</title>
        <cusip>08078UAN3</cusip>
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        <balance>276510.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>277754.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.86120000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Del Monte Foods Inc</name>
        <lei>549300U9K7TD84Q24R17</lei>
        <title>DELMFD PIK-TERM 1L USD</title>
        <cusip>24521WAK5</cusip>
        <identifiers>
          <isin value="US24521WAK53"/>
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        <balance>27189.49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26169.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.32230100</annualizedRt>
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      <invstOrSec>
        <name>Del Monte Foods Inc</name>
        <lei>549300U9K7TD84Q24R17</lei>
        <title>DELMFD PIK-TERM 1L USD</title>
        <cusip>24521WAK5</cusip>
        <identifiers>
          <isin value="US24521WAK53"/>
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        <balance>23408.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18843.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.35359900</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortress Investment Group</name>
        <lei>5493001RSEZ0X6VJMC68</lei>
        <title>FIG TL B 1L USD</title>
        <cusip>31774BAH7</cusip>
        <identifiers>
          <isin value="US31774BAH78"/>
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        <balance>294262.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>294499.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.07550000</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>Medline Industries</name>
        <lei>N/A</lei>
        <title>MEDIND TL B 1L USD</title>
        <cusip>58503UAJ2</cusip>
        <identifiers>
          <isin value="US58503UAJ25"/>
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        <balance>204225.73000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205045.70000000</valUSD>
        <pctVal>0.062580486409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.46610000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Entain (fka GVC Holdings)</name>
        <lei>213800ATWJIEYQ8NF838</lei>
        <title>ENTLN TL B 1L USD</title>
        <cusip>G3168QAB3</cusip>
        <identifiers>
          <isin value="XAG3168QAB32"/>
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        <balance>109725.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109666.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.56899900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AlixPartners</name>
        <lei>5493005G2MHUFTGARL57</lei>
        <title>ALIXPA TL B 1L USD</title>
        <cusip>01642PBE5</cusip>
        <identifiers>
          <isin value="US01642PBE51"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253930.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35280100</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>Resideo Technologies</name>
        <lei>5493000IFJ6XJKH66598</lei>
        <title>REZI TL B 1L USD</title>
        <cusip>76090LAM6</cusip>
        <identifiers>
          <isin value="US76090LAM63"/>
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        <balance>169575.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169681.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35810000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Life Time Fitness</name>
        <lei>549300PALKE96VYH4X17</lei>
        <title>LTH TL B 1L USD</title>
        <cusip>50218KAN8</cusip>
        <identifiers>
          <isin value="US50218KAN81"/>
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        <balance>302406.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303950.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.35990000</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>TKO Group Holdings (UFC)</name>
        <lei>549300JEOTH7UMZ3C491</lei>
        <title>TKO TL B4 1L USD</title>
        <cusip>90266UAL7</cusip>
        <identifiers>
          <isin value="US90266UAL70"/>
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        <balance>183205.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183810.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-21</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.86847200</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TransDigm</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG TL K 1L USD</title>
        <cusip>89364MCF9</cusip>
        <identifiers>
          <isin value="US89364MCF95"/>
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        <balance>79800.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79819.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.96610000</annualizedRt>
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      <invstOrSec>
        <name>Green Infrastructure Partners</name>
        <lei>N/A</lei>
        <title>GEISTP TL B 1L USD</title>
        <cusip>39306DAB6</cusip>
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          <ticker value="GEISTP"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90169.20000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.42193900</annualizedRt>
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      <invstOrSec>
        <name>Blackfin Pipeline </name>
        <lei>N/A</lei>
        <title>BLKFPL TL B 1L USD</title>
        <cusip>09231PAB2</cusip>
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          <isin value="US09231PAB22"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282216.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.16550100</annualizedRt>
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      <invstOrSec>
        <name>Talen Energy Supply</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>TLN TL B 1L USD</title>
        <cusip>87422LBA7</cusip>
        <identifiers>
          <isin value="US87422LBA70"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90135.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.10589900</annualizedRt>
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      <invstOrSec>
        <name>Hunterstown Power Generation Facility</name>
        <lei>549300ER0JUHJLPPMH08</lei>
        <title>KESTRE TL B 1L USD</title>
        <cusip>44579UAD4</cusip>
        <identifiers>
          <isin value="US44579UAD46"/>
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        <balance>191568.92000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192030.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.93420100</annualizedRt>
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      <invstOrSec>
        <name>Live Nation</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>LYV TL B 1L USD</title>
        <cusip>53803HAY6</cusip>
        <identifiers>
          <isin value="US53803HAY62"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225000.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.73390000</annualizedRt>
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      <invstOrSec>
        <name>Hologic, Inc.</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>HOLX TL B 1L USD</title>
        <cusip>N/A</cusip>
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          <ticker value="HOLX"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>211894.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.93750200</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Genmab A/S</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>GMABDC TL B 1L USD</title>
        <cusip>37231EAB8</cusip>
        <identifiers>
          <isin value="US37231EAB83"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231129.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.73301900</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>Shift4 Payments (fka Lighthouse Network)</name>
        <lei>254900GTEMR7L40VPI74</lei>
        <title>FOUR TL B 1L USD</title>
        <cusip>82453JAC2</cusip>
        <identifiers>
          <ticker value="FOUR"/>
        </identifiers>
        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>161166.40000000</valUSD>
        <pctVal>0.049188408754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.68750000</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>CompoSecure/Husky Technologies</name>
        <lei>N/A</lei>
        <title>COMPOS TL B 1L USD</title>
        <cusip>20459KAB5</cusip>
        <identifiers>
          <isin value="US20459KAB52"/>
        </identifiers>
        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69956.60000000</valUSD>
        <pctVal>0.021350938135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.93750200</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>Dycom Industries</name>
        <lei>549300F56EKTHQI3WT60</lei>
        <title>DY TL B 1L USD</title>
        <cusip>26747FAV1</cusip>
        <identifiers>
          <isin value="US26747FAV13"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20062.60000000</valUSD>
        <pctVal>0.006123158235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42390000</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>CQP Holdco</name>
        <lei>549300LPL012JY5D4B69</lei>
        <title>BLKCQP TL B 1L USD</title>
        <cusip>12657QAF0</cusip>
        <identifiers>
          <isin value="US12657QAF00"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229377.85000000</valUSD>
        <pctVal>0.070006722524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.39970100</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>Light &amp; Wonder (Scientific Games)</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>LNW TL B 1L USD</title>
        <cusip>80875AAY7</cusip>
        <identifiers>
          <isin value="US80875AAY73"/>
        </identifiers>
        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75000.00000000</valUSD>
        <pctVal>0.022890197066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.67119200</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>WhiteWater Matterhorn</name>
        <lei>2138009J7G187M6C4Q91</lei>
        <title>WHITWM TL B 1L USD</title>
        <cusip>96618PAC0</cusip>
        <identifiers>
          <isin value="US96618PAC05"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>374120.63000000</valUSD>
        <pctVal>0.114182599300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.40180000</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>FLIQII TL 1L USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US35670CAE84"/>
        </identifiers>
        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169681.25000000</valUSD>
        <pctVal>0.051787163347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.91760200</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>BMRN TL B 1L USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BL5508363"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30075.00000000</valUSD>
        <pctVal>0.009178969023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.42689900</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>Sri Lanka (Democratic Socialist Republic of)</name>
        <lei>254900IG6Y30I2QE2R92</lei>
        <title>SRILAN 3.6 02/15/38</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2966242252"/>
        </identifiers>
        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168540.44000000</valUSD>
        <pctVal>0.051438985138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>LK</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.60000000</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>CDX.NA.HY SERIES 45</name>
        <lei>N/A</lei>
        <title>MARKIT CDX.NA.HY.45 12/30</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CDXNAHY45"/>
        </identifiers>
        <balance>3445200.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-288167.34000000</valUSD>
        <pctVal>-0.08794942934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS INC</counterpartyName>
              <counterpartyLei>MBNUM2BPBDO7JBLYG310</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CDX.NA.HY SERIES 45</indexName>
                <indexIdentifier>CDX.NA.HY SERIES 45</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">N/A</otherRecDesc>
            <fixedPmntDesc amount="-20575.50000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <terminationDt>2030-12-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>-293126.45000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>3445200.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4959.11000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Salvador (Republic of)</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>ELSALV 7.65 06/15/35</title>
        <cusip>P01012AN6</cusip>
        <identifiers>
          <isin value="USP01012AN67"/>
        </identifiers>
        <balance>141000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146640.00000000</valUSD>
        <pctVal>0.044754913305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.65000000</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>Dominican Republic</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>DOMREP 6.95 03/15/37</title>
        <cusip>P3579ECW5</cusip>
        <identifiers>
          <isin value="USP3579ECW59"/>
        </identifiers>
        <balance>67000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71623.00000000</valUSD>
        <pctVal>0.021859527793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</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>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US LONG BOND(CBT) Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USH6 COMDTY"/>
        </identifiers>
        <balance>70.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4375.00000000</valUSD>
        <pctVal>-0.00133526149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BARCLAYS CAPITAL INC.</counterpartyName>
              <counterpartyLei>AC28XWWI3WIBK2824319</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>CBOT US Treasure Bond Futures</issueTitle>
                <identifiers>
                  <isin value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-23</expDate>
            <notionalAmt>8063125.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4375.00000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Dunham Funds</ncom:nameOfApplicant>
      <ncom:signature>James Colantino</ncom:signature>
      <ncom:signerName>James Colantino</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
