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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</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>FED REPUBLIC OF BRAZIL</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756CB4</cusip>
        <identifiers>
          <isin value="US105756CB40"/>
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        <balance>5400000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3911760.000000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2026-CSMO</title>
        <cusip>12433LAG0</cusip>
        <identifiers>
          <isin value="US12433LAG05"/>
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        <balance>1320000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1325356.690000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.122510000000</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>CHS/COMMUNITY HEALTH SYS</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc</title>
        <cusip>12543DBN9</cusip>
        <identifiers>
          <isin value="US12543DBN93"/>
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        <balance>554000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>595057.490000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.875000000000</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>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC Funding 2020-I Ltd</title>
        <cusip>12559DAE1</cusip>
        <identifiers>
          <isin value="US12559DAE13"/>
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        <balance>2000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1894861.200000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.183800000000</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>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2021-B26 Mortgage Trust</title>
        <cusip>08163EAB1</cusip>
        <identifiers>
          <isin value="US08163EAB11"/>
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        <balance>12324000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>754356.970000000000</valUSD>
        <pctVal>0.1032065869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.500000000000</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>Blue Stream Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Blue Stream Issuer LLC</title>
        <cusip>09606BAE4</cusip>
        <identifiers>
          <isin value="US09606BAE48"/>
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        <balance>2500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2538787.250000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.898000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC Trust 2016-NXSR</title>
        <cusip>12594PAA9</cusip>
        <identifiers>
          <isin value="US12594PAA93"/>
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        <balance>18014000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86404.150000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.000000000000</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>CSAIL Commercial Mortgage Trus</name>
        <lei>N/A</lei>
        <title>CSAIL 2020-C19 Commercial Mortgage Trust</title>
        <cusip>12597NAE3</cusip>
        <identifiers>
          <isin value="US12597NAE31"/>
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        <balance>2500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>767257.000000000000</valUSD>
        <pctVal>0.1049714915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Apollo Aviation Securitization</name>
        <lei>N/A</lei>
        <title>AASET 2024-2 Ltd</title>
        <cusip>00038QAB4</cusip>
        <identifiers>
          <isin value="US00038QAB41"/>
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        <balance>268239.720000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268356.940000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.612000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AZULE ENERGY FINANCE PLC</name>
        <lei>2138006X6O82RJSQDB63</lei>
        <title>Azule Energy Finance Plc</title>
        <cusip>05501YAC2</cusip>
        <identifiers>
          <isin value="US05501YAC21"/>
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        <balance>1900000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1918119.270000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AGNC INVESTMENT CORP</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC Investment Corp</title>
        <cusip>00123Q872</cusip>
        <identifiers>
          <isin value="US00123Q8722"/>
          <ticker value="AGNC"/>
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        <balance>430000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10436100.000000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.125</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AREIT CRE Trust</name>
        <lei>N/A</lei>
        <title>AREIT 2024-CRE9 Ltd</title>
        <cusip>00193AAG9</cusip>
        <identifiers>
          <isin value="US00193AAG94"/>
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        <balance>3000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2998749.000000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.759710000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Countrywide Alternative Loan T</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust 2005-J12</title>
        <cusip>12668ASY2</cusip>
        <identifiers>
          <isin value="US12668ASY28"/>
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        <balance>5145701.100000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2632274.140000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.333030000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2019-R05</title>
        <cusip>20754HAD0</cusip>
        <identifiers>
          <isin value="US20754HAD08"/>
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        <balance>5481299.930000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5526834.180000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.876380000000</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>BDS Ltd</name>
        <lei>N/A</lei>
        <title>BDS 2025-FL15 LLC</title>
        <cusip>05556EAJ5</cusip>
        <identifiers>
          <isin value="US05556EAJ55"/>
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        <balance>2550000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2553939.750000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.076720000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ECHOSTAR CORP</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp</title>
        <cusip>278768AC0</cusip>
        <identifiers>
          <isin value="US278768AC00"/>
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        <balance>1580000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1707767.920000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ECOPETROL SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
        <cusip>279158AJ8</cusip>
        <identifiers>
          <isin value="US279158AJ82"/>
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        <balance>2365000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1743124.460000000000</valUSD>
        <pctVal>0.2384838124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>Freddie Mac</name>
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        <name>FERTITTA ENTERTAINMENT</name>
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        <name>First American Government Obli</name>
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        <name>Freddie Mac - STACR</name>
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        <name>Aimco</name>
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        <title>AIMCO CLO 10 Ltd</title>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2019-R07</title>
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        <name>DCLI BIDCO LLC</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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        <name>BX Trust</name>
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        <name>BrightSpire Capital, Inc</name>
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        <name>FREEDOM MORTGAGE HOLD</name>
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        <name>GPMT Ltd.</name>
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        <title>GPMT 2021-FL4 Ltd</title>
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        <name>Marlette Funding Trust</name>
        <lei>N/A</lei>
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        <name>NABORS INDUSTRIES INC</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>Nabors Industries Inc</title>
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        <name>Carlyle Global Market Strategi</name>
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        <title>Carlyle US CLO 2020-2 Ltd</title>
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      <invstOrSec>
        <name>Compass Datacenters Issuer II,</name>
        <lei>N/A</lei>
        <title>Compass Datacenters Issuer II LLC</title>
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        <assetCat>ABS-O</assetCat>
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      <invstOrSec>
        <name>AREIT CRE Trust</name>
        <lei>N/A</lei>
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          <isin value="US00193DAJ72"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AREIT CRE Trust</name>
        <lei>N/A</lei>
        <title>AREIT 2022-CRE7 LLC</title>
        <cusip>00217VAJ9</cusip>
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          <isin value="US00217VAJ98"/>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2039-06-17</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NABORS INDUSTRIES INC</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>Nabors Industries Inc</title>
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          <isin value="US62957HAR66"/>
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        <balance>1775000.000000000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>NRZT 2025-NQM6</title>
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          <isin value="US64832KAJ43"/>
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        <curCd>USD</curCd>
        <valUSD>2483262.000000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.851000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2018-BNK12</title>
        <cusip>06541KAG3</cusip>
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          <isin value="US06541KAG31"/>
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        <balance>20061456.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>492428.500000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.500000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2022-BNK43</title>
        <cusip>06541QAA3</cusip>
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          <isin value="US06541QAA31"/>
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        <balance>21359000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2514827.880000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BEACH ACQUISITION BIDCO</name>
        <lei>254900F2FNX3GBTB6202</lei>
        <title>Beach Acquisition Bidco LLC</title>
        <cusip>07337JAC1</cusip>
        <identifiers>
          <isin value="US07337JAC18"/>
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        <balance>990805.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1055942.810000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2018-B4 Mortgage Trust</title>
        <cusip>08161HAQ3</cusip>
        <identifiers>
          <isin value="US08161HAQ39"/>
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        <balance>2900000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2073496.230000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.762616000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38380Q3A8</cusip>
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          <isin value="US38380Q3A87"/>
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        <balance>30816205.230000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1633274.290000000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-05-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.350790000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38382FBU7</cusip>
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          <isin value="US38382FBU75"/>
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        <balance>3488118.620000000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.310480000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Bank5</name>
        <lei>N/A</lei>
        <title>BANK5 2026-5YR20</title>
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          <isin value="US06650JBJ60"/>
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        <balance>858000.000000000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2026-C14 Mortgage Trust</title>
        <cusip>096942AC1</cusip>
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          <isin value="US096942AC13"/>
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        <balance>770000.000000000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Great Wolf Trust</name>
        <lei>N/A</lei>
        <title>Great Wolf Trust 2024-WOLF</title>
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          <isin value="US39152MAJ45"/>
          <ticker value="GWT"/>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>GRUPO TELEVISA SAB</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>Grupo Televisa SAB</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2049-05-24</maturityDt>
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      <invstOrSec>
        <name>APH/APH2/APH3/AQUARIAN</name>
        <lei>N/A</lei>
        <title>APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves</title>
        <cusip>00188QAA4</cusip>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>LBM ACQUISITION LLC</name>
        <lei>549300FAEB3VWZL4NI86</lei>
        <title>LBM Acquisition LLC</title>
        <cusip>05552BAA4</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Jol Air</name>
        <lei>549300TS4MUGCDXPW498</lei>
        <title>JOL Air Ltd</title>
        <cusip>46651NAB0</cusip>
        <identifiers>
          <isin value="US46651NAB01"/>
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        <balance>1043220.680000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1044287.890000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.948000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMDB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust 2020-COR7</title>
        <cusip>46652JAZ5</cusip>
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          <isin value="US46652JAZ57"/>
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        <balance>25460000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409325.510000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>.435080000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JETBLUE 2019-1 CLASS B</name>
        <lei>N/A</lei>
        <title>JetBlue 2019-1 Class B Pass Through Trust</title>
        <cusip>477165AA2</cusip>
        <identifiers>
          <isin value="US477165AA25"/>
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        <balance>775449.730000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>770185.430000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</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>Katayma CLO Ltd</name>
        <lei>254900HW0KYG9AOGVP97</lei>
        <title>Katayma CLO II Ltd</title>
        <cusip>485861AA6</cusip>
        <identifiers>
          <isin value="US485861AA66"/>
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        <balance>1000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>992770.200000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.997630000000</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>
      <invstOrSec>
        <name>JETBLUE AIRWAYS/LOYALTY</name>
        <lei>N/A</lei>
        <title>JetBlue Airways Corp / JetBlue Loyalty LP</title>
        <cusip>476920AA1</cusip>
        <identifiers>
          <isin value="US476920AA15"/>
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        <balance>1110000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1050524.360000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIFEPOINT HEALTH INC</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health Inc</title>
        <cusip>53219LAX7</cusip>
        <identifiers>
          <isin value="US53219LAX73"/>
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        <balance>3100000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3169688.710000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.000000000000</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>Ace Securities Corp.</name>
        <lei>N/A</lei>
        <title>ACE Securities Corp Home Equity Loan Trust Series 2006-HE4</title>
        <cusip>00442BAC5</cusip>
        <identifiers>
          <isin value="US00442BAC54"/>
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        <balance>8254169.600000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3179940.300000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.013030000000</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>Avant Loans Funding Trust</name>
        <lei>N/A</lei>
        <title>Avant Loans Funding Trust 2025-REV1</title>
        <cusip>05352BAD0</cusip>
        <identifiers>
          <isin value="US05352BAD01"/>
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        <balance>725000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>734251.440000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.390000000000</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>
      <invstOrSec>
        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
        <title>MF1 2024-FL14 LLC</title>
        <cusip>55416AAJ8</cusip>
        <identifiers>
          <isin value="US55416AAJ88"/>
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        <balance>1500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1507852.500000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.510510000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust 2020-NQM</title>
        <cusip>64830UAF2</cusip>
        <identifiers>
          <isin value="US64830UAF21"/>
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        <balance>2886000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2424962.650000000000</valUSD>
        <pctVal>0.3317688157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.115509000000</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>NYC Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NYC Commercial Mortgage Trust 2025-3BP</title>
        <cusip>67120UAN7</cusip>
        <identifiers>
          <isin value="US67120UAN72"/>
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        <balance>1070000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1073555.820000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.212200000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PAMPA ENERGIA SA</name>
        <lei>254900QNIK0CVURGML24</lei>
        <title>Pampa Energia SA</title>
        <cusip>697660AG3</cusip>
        <identifiers>
          <isin value="US697660AG30"/>
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        <balance>800000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805120.010000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.750000000000</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>ALPHA HOLDING SA</name>
        <lei>549300R872G37EN6NT94</lei>
        <title>Alpha Holding SA de CV</title>
        <cusip>02074AAB0</cusip>
        <identifiers>
          <isin value="US02074AAB08"/>
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        <balance>942730.880000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7070.480000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BSST Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Beast 2021-1818 Mortgage Trust</title>
        <cusip>07403PAS1</cusip>
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          <isin value="US07403PAS11"/>
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        <balance>6000000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.787480000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BrightSpire Capital, Inc</name>
        <lei>N/A</lei>
        <title>Brsp 2026-Fl3 Ltd</title>
        <cusip>116686AJ5</cusip>
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          <isin value="US116686AJ53"/>
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        <balance>2340000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2348700.120000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.526720000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493003FQV7GR462GO02</lei>
        <title>Freddie Mac STACR REMIC Trust 2020-DNA1</title>
        <cusip>35565HBE4</cusip>
        <identifiers>
          <isin value="US35565HBE45"/>
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        <balance>9250000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10287047.100000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.026380000000</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>KRONOS ACQUISITION HOLDI</name>
        <lei>N/A</lei>
        <title>Kronos Acquisition Holdings Inc</title>
        <cusip>50106GAG7</cusip>
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          <isin value="US50106GAG73"/>
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        <balance>845000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>524956.250000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.250000000000</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>LFS TOPCO LLC</name>
        <lei>N/A</lei>
        <title>LFS Topco LLC</title>
        <cusip>50203TAB2</cusip>
        <identifiers>
          <isin value="US50203TAB26"/>
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        <balance>1215000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1162111.780000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.750000000000</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>Sound Point CLO LTD</name>
        <lei>N/A</lei>
        <title>Sound Point CLO XXVI Ltd</title>
        <cusip>83615BAJ7</cusip>
        <identifiers>
          <isin value="US83615BAJ70"/>
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        <balance>3000000.000000000000</balance>
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        <name>Bank5</name>
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        <name>Freddie Mac</name>
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        <name>STARZ CAPITAL HOLDINGS</name>
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        <name>BSPRT Issuer, Ltd.</name>
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        <name>Canyon Capital CLO Ltd</name>
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        <name>Preston Ridge Partners Mortgag</name>
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        <name>Switch ABS Issuer, LLC</name>
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        <name>ADMI CORP</name>
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        <name>CHEMOURS CO</name>
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        <name>Great Wolf Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FLYNN AMERICA LP</name>
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        <name>EAGLE PARENT CORP</name>
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        <name>CORNERSTONE BUILDING</name>
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        <name>CDK Global II LLC</name>
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        <name>INEOS US PETROCHEM LLC</name>
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        <assetCat>LON</assetCat>
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        <name>SABRE GLBL INC</name>
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        <name>REALPAGE INC</name>
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        <name>COLUMBUS MCKINNON CORP</name>
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        <name>PMHC II INC</name>
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        <name>COMISION FEDERAL DE ELEC</name>
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        <name>CODELCO INC</name>
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        <name>Credito Real SAB de CV SOFOM ER</name>
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        <invCountry>MX</invCountry>
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        <name>Pagaya AI Debt Selection Trust</name>
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        <title>Pagaya AI Debt Selection Trust 2021-3</title>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
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        <issuerCat>CORP</issuerCat>
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        <name>PETROLEOS MEXICANOS</name>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2026-XL6</title>
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        <name>CELANESE US HOLDINGS LLC</name>
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      <invstOrSec>
        <name>Ellington Financial Mortgage T</name>
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        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF 2019-KF71 Mortgage Trust</title>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
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      <invstOrSec>
        <name>UBS-Barclays Commercial Mortga</name>
        <lei>N/A</lei>
        <title>UBS-Barclays Commercial Mortgage Trust 2013-C5</title>
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        <name>UNITED MEXICAN STATES</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137ATGK2</cusip>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
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        <name>Upstart Securitization Trust</name>
        <lei>N/A</lei>
        <title>Upstart Securitization Trust 2021-5</title>
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          <couponKind>Fixed</couponKind>
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        <name>VEDANTA RESOURCES</name>
        <lei>8945002DGA3BBXO3N634</lei>
        <title>Vedanta Resources Finance II PLC</title>
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        <invCountry>IN</invCountry>
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        <name>FLASH COMPUTE LLC</name>
        <lei>N/A</lei>
        <title>Flash Compute LLC</title>
        <cusip>33853QAA9</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
        <lei>25490076N7JFR2Y3CU63</lei>
        <title>GS Mortgage-Backed Securities Trust 2025-NQM4</title>
        <cusip>36272UAL2</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.767000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LoanCore 2018-CRE1 Issuer, Ltd</name>
        <lei>N/A</lei>
        <title>LoanCore 2025 2025-CRE8 Issuer LLC</title>
        <cusip>53947FAJ0</cusip>
        <identifiers>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
        <title>MF1 2025-FL17 LLC</title>
        <cusip>55287HAJ9</cusip>
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        <curCd>USD</curCd>
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          <maturityDt>2040-02-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.420560000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GARDA WORLD SECURITY</name>
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        <title>Garda World Security Corp</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL AIR LEASE CO LTD</name>
        <lei>N/A</lei>
        <title>Global Aircraft Leasing Co Ltd</title>
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          <isin value="US37960JAC27"/>
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        <balance>3340000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3392738.600000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.750000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38380QXV9</cusip>
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          <isin value="US38380QXV93"/>
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        <balance>30492792.320000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1774653.070000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.056010000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLUMINATE BUYER/HLDG</name>
        <lei>N/A</lei>
        <title>Illuminate Buyer LLC / Illuminate Holdings IV Inc</title>
        <cusip>45232TAA9</cusip>
        <identifiers>
          <isin value="US45232TAA97"/>
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        <balance>760000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>761366.480000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
        <lei>254900X1ABPQ6D4G6D07</lei>
        <title>GS Mortgage-Backed Securities Corp Trust 2025-NQM6</title>
        <cusip>362933AG8</cusip>
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          <isin value="US362933AG81"/>
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        <balance>1100000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-02-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2025-VIS3</title>
        <cusip>46594EAG9</cusip>
        <identifiers>
          <isin value="US46594EAG98"/>
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        <balance>1156000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1147273.700000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.756000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddiemac Strip</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Strips</title>
        <cusip>31325UTE6</cusip>
        <identifiers>
          <isin value="US31325UTE63"/>
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        <balance>5132401.690000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470092.430000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.113290000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Madison Avenue Trust</name>
        <lei>N/A</lei>
        <title>MAD Commercial Mortgage Trust 2025-11MD</title>
        <cusip>55616AAJ6</cusip>
        <identifiers>
          <isin value="US55616AAJ60"/>
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        <balance>920000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>905721.880000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.839065000000</annualizedRt>
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      <invstOrSec>
        <name>Basswood Park CLO Ltd</name>
        <lei>5493005HSAGIQZIVAS94</lei>
        <title>Basswood Park CLO Ltd</title>
        <cusip>070252AQ4</cusip>
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          <isin value="US070252AQ40"/>
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        <balance>500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>471607.650000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.317630000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2025-5C12 Mortgage Trust</title>
        <cusip>09663VAJ9</cusip>
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          <isin value="US09663VAJ98"/>
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        <balance>4232000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.063953000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BRAND INDUSTRIAL SERVICE</name>
        <lei>549300B658W2BPDQMW42</lei>
        <title>Brand Industrial Services Inc</title>
        <cusip>104931AA8</cusip>
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          <isin value="US104931AA85"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.375000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>REPUBLIC OF CHILE</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government International Bond</title>
        <cusip>168863DQ8</cusip>
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          <isin value="US168863DQ81"/>
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        <balance>3250000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2011100.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.100000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-MFP</title>
        <cusip>46651MAU0</cusip>
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          <isin value="US46651MAU09"/>
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        <balance>4000000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>LoanCore 2021-CRE6 Issuer, Ltd</name>
        <lei>N/A</lei>
        <title>LoanCore 2021-CRE6 Issuer Ltd</title>
        <cusip>53948HAJ5</cusip>
        <identifiers>
          <isin value="US53948HAJ59"/>
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        <balance>2200000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
        <lei>254900X1ABPQ6D4G6D07</lei>
        <title>GS Mortgage-Backed Securities Corp Trust 2025-NQM6</title>
        <cusip>362933AH6</cusip>
        <identifiers>
          <isin value="US362933AH64"/>
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        <balance>800000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>788929.680000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.423430000000</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>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38381RDX4</cusip>
        <identifiers>
          <isin value="US38381RDX44"/>
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        <balance>8084078.120000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>678015.670000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>DOLP Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2015-C32</title>
        <cusip>46590JAY3</cusip>
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          <isin value="US46590JAY38"/>
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        <curCd>USD</curCd>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ION PLAT FIN US/SARL</name>
        <lei>N/A</lei>
        <title>ION Platform Finance US Inc / ION Platform Finance SARL</title>
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          <isin value="US46206AAD46"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust 2020-COR7</title>
        <cusip>46652JAA0</cusip>
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          <isin value="US46652JAA07"/>
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          <maturityDt>2053-05-13</maturityDt>
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      <invstOrSec>
        <name>VZ SECURED FINANCING BV</name>
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        <title>VZ Secured Financing BV</title>
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          <isin value="US91845AAB17"/>
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        <balance>900000.000000000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>NL</invCountry>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>2138009XAW9T934GL239</lei>
        <title>Verus Securitization Trust 2025-12</title>
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        <balance>6000000.000000000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>VOLCAN CIA MINERA SAA-CM</name>
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        <title>Volcan Cia Minera SAA</title>
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        <balance>2330000.000000000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
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          <maturityDt>2032-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wachovia Bank Commercial Mortg</name>
        <lei>N/A</lei>
        <title>Wachovia Bank Commercial Mortgage Trust Series 2005-C21</title>
        <cusip>92976BAA0</cusip>
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          <isin value="US92976BAA08"/>
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        <balance>656573.910000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2044-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.557038000000</annualizedRt>
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      <invstOrSec>
        <name>YPF SOCIEDAD ANONIMA</name>
        <lei>5493003N7447U18U5U53</lei>
        <title>YPF SA</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
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          <maturityDt>2034-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.250000000000</annualizedRt>
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      <invstOrSec>
        <name>Groupe Solmax Inc.</name>
        <lei>N/A</lei>
        <title>Groupe Solmax Inc., Senior Secured First Lien Term Loan</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-05-30</maturityDt>
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      <invstOrSec>
        <name>DEXKO GLOBAL INC</name>
        <lei>549300SMZ4OV1KBH1M19</lei>
        <title>Dexko Global Inc</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>BOXER PARENT CO INC</name>
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        <title>Boxer Parent Co Inc</title>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2032-07-30</maturityDt>
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        <name>CROWN FINANCE US INC</name>
        <lei>254900ABTWPQTCKKR839</lei>
        <title>Crown Finance US Inc</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>DOCUFORMAS SA</name>
        <lei>549300HM88E943FM9K17</lei>
        <title>Mexarrend SAPI de CV</title>
        <cusip>AZ6957007</cusip>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>ACI AIRPORT SUDAMERICA S</name>
        <lei>5493001F4PWVVX0CMI56</lei>
        <title>ACI Airport Sudamerica SA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>UY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AGNC Investment Corp</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC Investment Corp</title>
        <cusip>00123Q104</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COBRA ACQUISITIONCO LLC</name>
        <lei>N/A</lei>
        <title>Cobra AcquisitionCo LLC</title>
        <cusip>19106CAA4</cusip>
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        <balance>2335000.000000000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLUMBUS MCKINNON CORP</name>
        <lei>549300W3HQB0HO1F3G69</lei>
        <title>Columbus McKinnon Corp/NY</title>
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        <curCd>USD</curCd>
        <valUSD>1575748.130000000000</valUSD>
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        <name>Apollo Aviation Securitization</name>
        <lei>N/A</lei>
        <title>AASET 2024-1</title>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERICAN AXLE &amp; MFG INC</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>Octagon Investment Partners 43</name>
        <lei>N/A</lei>
        <title>Octagon Investment Partners 43 Ltd</title>
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          <isin value="US67573NAA37"/>
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        <curCd>USD</curCd>
        <valUSD>2113988.980000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
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      <invstOrSec>
        <name>OLYMPUS WTR US HLDG CORP</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>Olympus Water US Holding Corp</title>
        <cusip>681639AB6</cusip>
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          <isin value="US681639AB60"/>
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        <curCd>USD</curCd>
        <valUSD>236525.500000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CONSTANT CONTACT INC</name>
        <lei>2549000JW50H0AI5B946</lei>
        <title>Constant Contact Inc</title>
        <cusip>21031HAE1</cusip>
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          <isin value="US21031HAE18"/>
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        <curCd>USD</curCd>
        <valUSD>3632085.000000000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-12</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>OLYMPUS WTR US HLDG CORP</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>Olympus Water US Holding Corp</title>
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          <isin value="US681639AE00"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000</annualizedRt>
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      <invstOrSec>
        <name>ONT GAMING GTA/OTG CO-IS</name>
        <lei>N/A</lei>
        <title>Ontario Gaming GTA LP/OTG Co-Issuer Inc</title>
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          <isin value="US68306MAA71"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARDN 2025-ARCP Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ARDN 2025-ARCP Mortgage Trust</title>
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          <isin value="US039961AJ61"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AREIT CRE Trust</name>
        <lei>N/A</lei>
        <title>AREIT 2023-CRE8 Ltd</title>
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        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2024-V10 Mortgage Trust</title>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FIDEIC IRR ADMIN 4323</name>
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        <title>Fideicomiso Irrevocable de Administracion y Fuente de Pago Numero CIB/4323</title>
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          <isin value="US171928AA22"/>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2021-R02</title>
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      <invstOrSec>
        <name>Mach I</name>
        <lei>N/A</lei>
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          <isin value="US55446MAB37"/>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>NRZT 2025-NQM6</title>
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      <invstOrSec>
        <name>PFP III</name>
        <lei>N/A</lei>
        <title>PFP 2025-12 Ltd</title>
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          <isin value="US69382JAD37"/>
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      <invstOrSec>
        <name>Preston Ridge Partners Mortgag</name>
        <lei>N/A</lei>
        <title>PRPM 2025-5 LLC</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>DoubleLine Emerging Markets Lo</name>
        <lei>549300TMOIYY7BVD4747</lei>
        <title>DoubleLine Emerging Markets Local Currency Bond Fund</title>
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          <ticker value="DBELX"/>
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        <issuerCat>RF</issuerCat>
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      <invstOrSec>
        <name>FS LUXEMBOURG SARL</name>
        <lei>222100EKR3JUJPGGOY81</lei>
        <title>FS Luxembourg Sarl</title>
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        <invCountry>BR</invCountry>
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      <invstOrSec>
        <name>REPUBLIC OF PERU</name>
        <lei>254900STKLK2DBJJZ530</lei>
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          <isin value="US715638DQ26"/>
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        <balance>4650000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
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      <invstOrSec>
        <name>PORT OF SPAIN WATERFRONT</name>
        <lei>N/A</lei>
        <title>Port Of Spain Waterfront Development</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>TT</invCountry>
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          <maturityDt>2040-02-19</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FS LUXEMBOURG SARL</name>
        <lei>222100EKR3JUJPGGOY81</lei>
        <title>FS Luxembourg Sarl</title>
        <cusip>30315XAE4</cusip>
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          <isin value="US30315XAE40"/>
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        <balance>200000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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          <maturityDt>2036-02-11</maturityDt>
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      <invstOrSec>
        <name>FS Rialto Issuer Ltd</name>
        <lei>N/A</lei>
        <title>FS Rialto 2026-FL11 Issuer LLC</title>
        <cusip>30343TAJ8</cusip>
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          <isin value="US30343TAJ88"/>
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        <balance>2910000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2044-01-19</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PERUSAHAAN LISTRIK NEGAR</name>
        <lei>254900OYVDRYS9J51J61</lei>
        <title>Perusahaan Perseroan Persero PT Perusahaan Listrik Negara</title>
        <cusip>71568QAP2</cusip>
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          <isin value="US71568QAP28"/>
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        <balance>550000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PETSMART LLC/PETSMART FI</name>
        <lei>N/A</lei>
        <title>PetSmart LLC / PetSmart Finance Corp</title>
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          <isin value="US71677KAD00"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-09-15</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000ITBQFEOXM0S98</lei>
        <title>Freddie Mac STACR REMIC Trust 2020-DNA6</title>
        <cusip>35566CBE4</cusip>
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          <isin value="US35566CBE49"/>
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        <balance>6000000.000000000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2050-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>FRONTERA ENERGY CORP</name>
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        <title>Frontera Energy Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Verus Securitization Trust</name>
        <lei>213800KZO2G8SSFFDH61</lei>
        <title>Verus Securitization Trust 2025-6</title>
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        <name>Wells Fargo Commercial Mortgag</name>
        <lei>549300JPCJUA5JJLRW54</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2016-C33</title>
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          <isin value="US95000LAJ26"/>
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        <balance>1942332.580000000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>FULL HOUSE RESORTS INC</name>
        <lei>5493009DKIWW0H901Y82</lei>
        <title>Full House Resorts Inc</title>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.250000000000</annualizedRt>
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        <name>GS Mortgage Securities Trust</name>
        <lei>5493002EPQ51IPGGFX73</lei>
        <title>GS Mortgage Securities Trust 2015-GC28</title>
        <cusip>36251FAG1</cusip>
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          <isin value="US36251FAG19"/>
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        <balance>905674.040000000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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          <maturityDt>2048-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.128780000000</annualizedRt>
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      <invstOrSec>
        <name>Starwood Commercial Mortgage T</name>
        <lei>N/A</lei>
        <title>STWD 2022-FL3 Ltd</title>
        <cusip>78485KAG0</cusip>
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          <isin value="US78485KAG04"/>
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        <balance>2325000.000000000000</balance>
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          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.622230000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SABRE GLBL INC</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL Inc</title>
        <cusip>78573NAN2</cusip>
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        <balance>892999.999964000000</balance>
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        <curCd>USD</curCd>
        <valUSD>755300.230000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.750000000000</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>SASOL FINANCING USA LLC</name>
        <lei>549300XRB1PFMESFEL85</lei>
        <title>Sasol Financing USA LLC</title>
        <cusip>80386WAD7</cusip>
        <identifiers>
          <isin value="US80386WAD74"/>
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        <balance>600000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>541806.180000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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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        <name>SEASPAN CORP</name>
        <lei>5493007Z8Q1H45KT7W98</lei>
        <title>Seaspan Corp</title>
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        <curCd>USD</curCd>
        <valUSD>497091.140000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SM ENERGY CO</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co</title>
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          <isin value="US78454LAY65"/>
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        <balance>1800000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1839328.200000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Social Professional Loan Progr</name>
        <lei>N/A</lei>
        <title>Sofi Professional Loan Program 2018-C Trust</title>
        <cusip>78490D104</cusip>
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          <isin value="US78490D1046"/>
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        <balance>20000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157341.000000000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2019-PLND</title>
        <cusip>61691XAS2</cusip>
        <identifiers>
          <isin value="US61691XAS27"/>
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        <balance>5000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37475.000000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.437480000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOTION FINCO SARL</name>
        <lei>2549002L1LBQZKA7UN30</lei>
        <title>Motion Finco Sarl</title>
        <cusip>61980LAB5</cusip>
        <identifiers>
          <isin value="US61980LAB53"/>
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        <balance>4300000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3557798.070000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.375000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SIERRACOL EN AND/ARA/DEV</name>
        <lei>N/A</lei>
        <title>SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development</title>
        <cusip>82653NAA5</cusip>
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          <isin value="US82653NAA54"/>
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        <balance>1600000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1593928.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIX FLAGS/CAN WON/MILLEN</name>
        <lei>N/A</lei>
        <title>Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC</title>
        <cusip>83003AAA8</cusip>
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          <isin value="US83003AAA88"/>
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        <balance>295000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295678.010000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust 2015-C27</title>
        <cusip>46644AAN2</cusip>
        <identifiers>
          <isin value="US46644AAN28"/>
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        <balance>2265000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>463758.750000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.683775000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-MFP</title>
        <cusip>46651MAS5</cusip>
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          <isin value="US46651MAS52"/>
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        <balance>4000000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.770000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>K HOVNANIAN ENTERPRISES</name>
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        <title>K Hovnanian Enterprises Inc</title>
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          <isin value="US48251UAQ13"/>
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        <balance>590000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>1345 Trust</name>
        <lei>N/A</lei>
        <title>1345T 2025-AOA</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38382EK22</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media Inc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ACORE Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Acore 2026-FL1 Issuer LLC</title>
        <cusip>00485EAJ2</cusip>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AREIT CRE Trust</name>
        <lei>N/A</lei>
        <title>AREIT 2022-CRE6 Trust</title>
        <cusip>04002VAJ0</cusip>
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          <isin value="US04002VAJ08"/>
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        <balance>1930000.000000000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>KOHL'S CORPORATION</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>Kohl's Corp</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
        <title>MF1 2021-FL7 Ltd</title>
        <cusip>55284AAL2</cusip>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
        <title>MF1 2025-FL19 LLC</title>
        <cusip>55287KAG8</cusip>
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        <balance>2750000.000000000000</balance>
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        <curCd>USD</curCd>
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        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2022-L8</title>
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        <curCd>USD</curCd>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
        <title>MF1 2024-FL15</title>
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          <isin value="US58003MAG15"/>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.619560000000</annualizedRt>
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      <invstOrSec>
        <name>NGL ENRGY OP/FIN CORP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust 2020-NQM</title>
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          <isin value="US64830UAE55"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
          <maturityDt>2060-05-24</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>NEXSTAR MEDIA INC</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media Inc</title>
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          <isin value="US65346UAA79"/>
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        <balance>1530000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1536176.120000000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000</annualizedRt>
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      <invstOrSec>
        <name>OCTAGON INVESTMENT PARTNERS 40</name>
        <lei>N/A</lei>
        <title>Octagon Investment Partners 40 Ltd</title>
        <cusip>67592EAE2</cusip>
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          <isin value="US67592EAE23"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.929240000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>RR 2 LTD</name>
        <lei>54930098CLSTWMH4JW47</lei>
        <title>RR 2 Ltd</title>
        <cusip>78109RAJ5</cusip>
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          <isin value="US78109RAJ59"/>
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        <balance>5000000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4510973.500000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.733800000000</annualizedRt>
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      <invstOrSec>
        <name>SMR 2022-IND Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SMR 2022-IND Mortgage Trust</title>
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          <isin value="US78458MAN48"/>
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        <balance>4916078.740000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4618803.460000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SAAVI ENERGIA SARL</name>
        <lei>254900A2V0IO8K56UH35</lei>
        <title>Saavi Energia Sarl</title>
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        <balance>2800000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2035-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MATIV HOLDINGS INC</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Mativ Holdings Inc</title>
        <cusip>808541AC0</cusip>
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          <isin value="US808541AC08"/>
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        <balance>1845000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1720705.300000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.000000000000</annualizedRt>
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      <invstOrSec>
        <name>Preston Ridge Partners Mortgag</name>
        <lei>N/A</lei>
        <title>PRPM 2025-7 LLC</title>
        <cusip>69382YAB4</cusip>
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        <balance>1150000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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          <maturityDt>2030-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.449000000000</annualizedRt>
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      <invstOrSec>
        <name>PETSMART LLC/PETSMART FI</name>
        <lei>N/A</lei>
        <title>PetSmart LLC / PetSmart Finance Corp</title>
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        <name>LERETA LLC</name>
        <lei>549300VK5GMZ4QV5U417</lei>
        <title>Lereta LLC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>ONEDIGITAL BORROWER LLC</name>
        <lei>2549009GTKWWAO1E9X77</lei>
        <title>OneDigital Borrower LLC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>STICHTING ADMINISTRATIEKANTOOR UNIGEL CREDITORS</name>
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        <title>STICHTING ADMINISTRATIEKANTOOR UNIGEL CREDITORS</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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      <invstOrSec>
        <name>UNITI GROUP/CSL CAPITAL</name>
        <lei>N/A</lei>
        <title>Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC</title>
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        <balance>840000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
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        <name>INEOS US PETROCHEM LLC</name>
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        <name>Groupe Solmax Inc.</name>
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        <name>ELEMENT MATERIAL TECHNOL</name>
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        <name>Freddie Mac</name>
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        <name>Bank5</name>
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        <name>TEAM HEALTH HOLDINGS INC</name>
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        <invCountry>CA</invCountry>
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        <name>GRAFTECH GLOBAL ENTERPRI</name>
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        <name>KREF 2021-FL2 Ltd</name>
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        <name>1261229 BC LTD</name>
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        <name>SoFi Alternative Trust Consume</name>
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        <name>SIX FLAGS ENTERTAINME</name>
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        <name>OFFICE CHERIFIEN DES PHO</name>
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        <name>ONTARIO GAMING GTA LP</name>
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        <name>GROUPE SOLMAX INC</name>
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        <name>Sound Point CLO LTD</name>
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        <name>STAPLES INC</name>
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        <name>Start Ltd.</name>
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        <name>Verus Securitization Trust</name>
        <lei>213800278TKDEXPH6140</lei>
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        <name>Wind River CLO Ltd</name>
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        <name>VIKING CRUISES LTD</name>
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        <name>WHARF Commercial Mortgage Trus</name>
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        <name>FERTITTA ENTERTAINMENT L</name>
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        <name>APPLIED SYSTEMS INC</name>
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        <name>STUBHUB HOLDCO SUB LLC</name>
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        <name>HEXION HOLDINGS CORP</name>
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        <name>ION PLATFORM FINANCE US</name>
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        <title>Vibrantz Technologies Inc</title>
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        <name>ORBIA ADVANCE CORP SAB</name>
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      <invstOrSec>
        <name>DG INVESTMENT INTERMEDI</name>
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      <invstOrSec>
        <name>DAWN BIDCO LLC</name>
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      <invstOrSec>
        <name>Bank</name>
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      <invstOrSec>
        <name>BAUSCH + LOMB CORP</name>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2026-V20 Mortgage Trust</title>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2026-ALOHA</title>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trus</name>
        <lei>N/A</lei>
        <title>CSAIL 2020-C19 Commercial Mortgage Trust</title>
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      <invstOrSec>
        <name>Credit Suisse Commercial Mortg</name>
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        <title>CSWF 2018-TOP</title>
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      <invstOrSec>
        <name>Canyon CLO 2021-3 Ltd</name>
        <lei>254900YKW562N0UZ4846</lei>
        <title>Canyon CLO 2021-3 Ltd</title>
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        <name>Canyon Capital CLO Ltd</name>
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        <name>CASTLE US HOLDING CORP</name>
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        <name>CLEAR CHANNEL OUTDOOR HO</name>
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        <title>Clear Channel Outdoor Holdings Inc</title>
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        <name>OI S.A.</name>
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        <name>OAK-EAGLE ACQUIRECO INC</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>OAK-Eagle Acquireco Inc</title>
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        <name>Octagon Investment Partners 53</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>CORNERSTONE BUILDING</name>
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      <invstOrSec>
        <name>Deephaven Residential Mortgage</name>
        <lei>N/A</lei>
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        <name>Government National Mortgage A</name>
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      <invstOrSec>
        <name>Bank</name>
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      <invstOrSec>
        <name>Bank</name>
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      <invstOrSec>
        <name>Bank5</name>
        <lei>N/A</lei>
        <title>BANK5 2023-5YR1</title>
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          <isin value="US06644EBB39"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
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        <title>Barings CLO Ltd 2019-II</title>
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        <curCd>USD</curCd>
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        <securityLending>
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      <invstOrSec>
        <name>DIRECTV FIN LLC/COINC</name>
        <lei>N/A</lei>
        <title>Directv Financing LLC / Directv Financing Co-Obligor Inc</title>
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      <invstOrSec>
        <name>DISH DBS CORP</name>
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      <invstOrSec>
        <name>VOYAGER PARENT LLC</name>
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      <invstOrSec>
        <name>OEP GLASS PURCHASER LLC</name>
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        <title>OEP Glass Purchaser LLC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2033-03-02</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DORNOCH DEBT MERGER SUB</name>
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        <title>Dornoch Debt Merger Sub Inc</title>
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      <invstOrSec>
        <name>Ellington Financial Mortgage T</name>
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        <title>EFMT 2025-INV4</title>
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      <invstOrSec>
        <name>OAK-EAGLE ACQUIRECO INC</name>
        <lei>6488ICS9P20290MA1H31</lei>
        <title>OAK-Eagle Acquireco Inc</title>
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        <name>MATIV HOLDINGS INC</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Mativ Holdings Inc</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>ALPHA HOLDING SA</name>
        <lei>549300R872G37EN6NT94</lei>
        <title>Alpha Holding SA de CV</title>
        <cusip>AQ2890665</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-19</maturityDt>
          <couponKind>None</couponKind>
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        <name>SABRE GLBL INC</name>
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      <invstOrSec>
        <name>Sound Point CLO LTD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Sound Point CLO LTD</name>
        <lei>N/A</lei>
        <title>Sound Point CLO XXXII Ltd</title>
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      <invstOrSec>
        <name>SYNERGY INFRASTRUCTURE H</name>
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        <name>PETROLEOS DEL PERU SA</name>
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        <invCountry>PE</invCountry>
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        <name>PORT OF SPAIN WATERFRONT</name>
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        <title>Port Of Spain Waterfront Development</title>
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        <name>N/A</name>
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        <name>TRANSOCEAN INTERNTNL LTD</name>
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        <name>UKG INC</name>
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        <name>Carlyle Global Market Strategi</name>
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        <title>CARLYLE US CLO 2019-1 LTD</title>
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        <name>DEALER TIRE LLC/DT ISSR</name>
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        <name>Verus Securitization Trust</name>
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        <name>Vista Point Securitization Tru</name>
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        <title>Vista Point Securitization Trust 2020-2</title>
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        <name>Wells Fargo Commercial Mortgag</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2019-C50</title>
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        <name>Extended Stay America Trust</name>
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        <name>FS Rialto Issuer Ltd</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>503554.000000000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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          <isin value="US3136A7P227"/>
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        <balance>6512530.700000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>655283.680000000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136AXA88</cusip>
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          <isin value="US3136AXA881"/>
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        <balance>3768218.700000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.373620000000</annualizedRt>
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      <invstOrSec>
        <name>CRESCENT ENERGY FINANCE</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>Crescent Energy Finance LLC</title>
        <cusip>516806AK2</cusip>
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          <isin value="US516806AK23"/>
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        <curCd>USD</curCd>
        <valUSD>2602000.370000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000</annualizedRt>
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      <invstOrSec>
        <name>LBM ACQUISITION LLC</name>
        <lei>549300FAEB3VWZL4NI86</lei>
        <title>LBM Acquisition LLC</title>
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          <isin value="US52109SAB51"/>
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        <balance>1095000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>954507.780000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.500000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIFEPOINT HEALTH INC</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health Inc</title>
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          <isin value="US53219LAW90"/>
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        <balance>1545000.000000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PREMIER ENTERTAINMENT SU</name>
        <lei>N/A</lei>
        <title>Premier Entertainment Sub LLC / Premier Entertainment Finance Corp</title>
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          <isin value="US74052HAB06"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RFR Trust</name>
        <lei>N/A</lei>
        <title>RFR Trust 2025-SGRM</title>
        <cusip>74984NAL8</cusip>
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          <isin value="US74984NAL82"/>
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        <balance>1330000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1337399.590000000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.267000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RADIOLOGY PARTNERS INC</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>Radiology Partners Inc</title>
        <cusip>75041VAE4</cusip>
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          <isin value="US75041VAE48"/>
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        <balance>1500000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1522680.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SABRE FINANCIAL BORROWER</name>
        <lei>N/A</lei>
        <title>Sabre Financial Borrower LLC</title>
        <cusip>78573XAA8</cusip>
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          <isin value="US78573XAA81"/>
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        <balance>600000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>614596.800000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.125000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santander Mortgage Asset Recei</name>
        <lei>254900FHBJ2YHHBOAU80</lei>
        <title>Santander Mortgage Asset Receivable Trust 2025-NQM5</title>
        <cusip>80262CAH1</cusip>
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          <isin value="US80262CAH16"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2065-08-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC OF SOUTH AFRICA</name>
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          <isin value="US836205AV60"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>REPUBLIC OF SOUTH AFRICA</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government International Bond</title>
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          <isin value="US836205AX27"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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          <maturityDt>2047-09-27</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>STAPLES INC</name>
        <lei>XQM2JINI1UL7642TU573</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TBW Mortgage Backed Pass Throu</name>
        <lei>N/A</lei>
        <title>TBW Mortgage-Backed Trust 2007-2</title>
        <cusip>872227AA1</cusip>
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          <isin value="US872227AA15"/>
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        <balance>4036797.340000000000</balance>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>UNIGEL LUXEMBOURG SA</name>
        <lei>213800Y16R77O7LH7X62</lei>
        <title>Unigel Luxembourg SA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications Inc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Upstart Securitization Trust</name>
        <lei>N/A</lei>
        <title>Upstart Securitization Trust 2021-4</title>
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        <balance>6408.300000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6399.050000000000</valUSD>
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      <invstOrSec>
        <name>VAMOS EUROPE SA</name>
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        <valUSD>3227008.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>VERITIV OPERATING CO</name>
        <lei>5493004G8OK5L1UTIY12</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>UNITI SERVICES LLC</name>
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          <maturityDt>2033-10-15</maturityDt>
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        <name>COSAN OVERSEAS LTD</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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          <maturityDt>2026-05-05</maturityDt>
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      <invstOrSec>
        <name>ALTICE FRANCE/LUXCO 3 SHARES</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>VEDANTA RESOURCES</name>
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        <invCountry>IN</invCountry>
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          <maturityDt>2033-04-24</maturityDt>
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        <name>SAAVI ENERGIA SARL</name>
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        <title>Saavi Energia Sarl</title>
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          <isin value="USL02668AA66"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>MX</invCountry>
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      <invstOrSec>
        <name>CSN RESOURCES SA</name>
        <lei>222100ZEX458NMOXZP08</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>BR</invCountry>
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          <maturityDt>2031-06-10</maturityDt>
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      <invstOrSec>
        <name>CSN RESOURCES SA</name>
        <lei>222100ZEX458NMOXZP08</lei>
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        <curCd>USD</curCd>
        <valUSD>426000.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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          <maturityDt>2030-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FS LUXEMBOURG SARL</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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      <invstOrSec>
        <name>SIMPAR EUROPE SA</name>
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        <name>UNIGEL LUXEMBOURG SA</name>
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        <title>Unigel Luxembourg SA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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        <name>POLARIS NEWCO LLC</name>
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        <name>DEXKO GLOBAL INC</name>
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        <name>VERITIV OPERATING CO</name>
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        <title>Veritiv Operating Co</title>
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        <name>ADMI CORP</name>
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        <title>ADMI Corp</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LoanCore 2021-CRE5 Issuer, Ltd</name>
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        <title>LoanCore 2021-CRE5 Issuer Ltd</title>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Sound Point CLO LTD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DIRECTV FINANCING LLC</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MOTION FINCO SARL</name>
        <lei>2549002L1LBQZKA7UN30</lei>
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        <assetCat>LON</assetCat>
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      <invstOrSec>
        <name>Pretzel Parent, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="LOAN X ID" value="LX239878"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>LIFEPOINT HEALTH INC</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health Inc</title>
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          <isin value="US75915TAL61"/>
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        <invCountry>US</invCountry>
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        <name>STICHTING ADMINISTRATIEKANTOOR A D R</name>
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        <title>STICHTING ADMINISTRATIEKANTOOR A D R</title>
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          <other otherDesc="USER DEFINED" value="860570118"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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      <invstOrSec>
        <name>TPG Real Estate Finance</name>
        <lei>N/A</lei>
        <title>TRTX 2022-FL5 Issuer Ltd</title>
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          <isin value="US87277JAE10"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>1261229 BC LTD</name>
        <lei>N/A</lei>
        <title>1261229 BC Ltd</title>
        <cusip>N/A</cusip>
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          <isin value="XAC6903HAB06"/>
          <other otherDesc="BBGID" value="BBG01SXN9X44"/>
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        <balance>2437750.000000000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>ALERA GROUP INC</name>
        <lei>2549003D76KZAKICNX26</lei>
        <title>Alera Group Inc</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>NEP GROUP INC</name>
        <lei>N/A</lei>
        <title>NEP Group Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ATLAS OPCO LLC</name>
        <lei>N/A</lei>
        <title>Atlas OpCo LLC</title>
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          <isin value="US04943UAB17"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>PROSUS NV</name>
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        <invCountry>ZA</invCountry>
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        <name>UNIGEL NETHERLANDS HOLD</name>
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        <title>Unigel Netherlands Holding Corp BV</title>
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        <name>UNITED NATURAL FOODS INC</name>
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        <title>United Natural Foods Inc</title>
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        <name>NEEDLE HOLDINGS LLC</name>
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        <name>UNIVISION COMMUNICATIONS</name>
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        <name>TRIDENT TPI HOLDINGS INC</name>
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        <name>TRIDENT TPI HOLDINGS INC</name>
        <lei>549300TPLK304J3RNC85</lei>
        <title>Trident TPI Holdings Inc</title>
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        <name>UNIGEL LUXEMBOURG SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>213800OVCAXDOBS94P47</lei>
        <title>Verus Securitization Trust 2025-7</title>
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      <invstOrSec>
        <name>VICTRA HLDG/VICTRA FIN</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MH SUB I LLC</name>
        <lei>2549005VFKP807SR8N49</lei>
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        <assetCat>LON</assetCat>
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          <maturityDt>2031-12-31</maturityDt>
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        <name>PREGIS TOPCO LLC</name>
        <lei>549300LJXHJYHS1GM034</lei>
        <title>Pregis TopCo LLC</title>
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          <isin value="US74045BAG23"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.667740000000</annualizedRt>
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      <invstOrSec>
        <name>Vista Point Securitization Tru</name>
        <lei>N/A</lei>
        <title>Vista Point Securitization Trust 2020-1</title>
        <cusip>92838WAF1</cusip>
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          <isin value="US92838WAF14"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-03-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>VOYAGER PARENT LLC</name>
        <lei>2549002DYVI4ACSV4V71</lei>
        <title>Voyager Parent LLC</title>
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          <isin value="US92921EAA01"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AI CANDELARIA -SPAIN- SA</name>
        <lei>213800L5KA2MJ5FKRZ02</lei>
        <title>AI Candelaria -spain- SA</title>
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          <isin value="USE0R75RAB28"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AZULE ENERGY FINANCE PLC</name>
        <lei>2138006X6O82RJSQDB63</lei>
        <title>Azule Energy Finance Plc</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>AVIANCA MIDCO 2 PLC</name>
        <lei>213800AMPX5VKH9AMX10</lei>
        <title>Avianca Midco 2 PLC</title>
        <cusip>YR1272081</cusip>
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        <balance>1650000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1544631.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.625000000000</annualizedRt>
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      <invstOrSec>
        <name>Groupe Solmax Inc.</name>
        <lei>N/A</lei>
        <title>Groupe Solmax Inc., Senior Secured First Lien Term Loan</title>
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        <balance>265728.729999999980</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>INEOS US FINANCE LLC</name>
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        <title>INEOS US Finance LLC</title>
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      <invstOrSec>
        <name>EISNER ADVISORY GROUP LL</name>
        <lei>549300TV33NKCG2ZE467</lei>
        <title>Eisner Advisory Group LLC</title>
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        <name>STAPLES INC</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples Inc</title>
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        <issuerCat>CORP</issuerCat>
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        <name>EDELMAN FINANCIAL CENTER</name>
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        <title>Edelman Financial Engines Center LLC/The</title>
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        <name>BAUSCH + LOMB CORP</name>
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        <title>Bausch + Lomb Corp</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Floating</couponKind>
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        <name>BRF SA</name>
        <lei>254900MTXR9LUVQFU480</lei>
        <title>BRF SA</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RADIOLOGY PARTNERS INC</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>Radiology Partners Inc</title>
        <cusip>75041EAN2</cusip>
        <identifiers>
          <isin value="US75041EAN22"/>
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        <balance>3985012.500000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3933067.859999999900</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>2032-06-30</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICTRA HOLDINGS LLC</name>
        <lei>549300KWDYQKQSF0MQ18</lei>
        <title>Victra Holdings LLC</title>
        <cusip>50226BAN8</cusip>
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          <isin value="US50226BAN82"/>
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        <curCd>USD</curCd>
        <valUSD>4540320.620000000100</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.449610000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INFRAESTRUCTURA ENERGETI</name>
        <lei>715K4H1JYF3O6JOK1411</lei>
        <title>Infraestructura Energetica Nova SAPI de CV</title>
        <cusip>ZO4418208</cusip>
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          <isin value="USP56145AC23"/>
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        <valUSD>724300.000000000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINGDOM OF MOROCCO</name>
        <lei>529900F3MBW9XY5K1X07</lei>
        <title>Morocco Government International Bond</title>
        <cusip>BM9763137</cusip>
        <identifiers>
          <isin value="XS2270577344"/>
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        <balance>3400000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2340727.720000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ION PLATFORM FINANCE US</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>ION Platform Finance US Inc</title>
        <cusip>46206RAC9</cusip>
        <identifiers>
          <isin value="US46206RAC97"/>
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        <balance>476755.560000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385773.909999999970</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.449610000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLAS OPCO LLC</name>
        <lei>N/A</lei>
        <title>Atlas OpCo LLC</title>
        <cusip>04943UAB1</cusip>
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          <isin value="US04943UAB17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-24</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF COLOMBIA</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond</title>
        <cusip>195325CU7</cusip>
        <identifiers>
          <isin value="US195325CU73"/>
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        <balance>3500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2520385.000000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RADIOLOGY PARTNERS INC</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>Radiology Partners Inc</title>
        <cusip>75041VAC8</cusip>
        <identifiers>
          <isin value="US75041VAC81"/>
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        <balance>2825459.520000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2583938.730000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.781000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-28</ncom:dateSigned>
      <ncom:nameOfApplicant>DoubleLine Yield Opportunities Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Ana Alcantara</ncom:signature>
      <ncom:signerName>DoubleLine Yield Opportunities Fund</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
