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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>MILLROSE PROPE 6.375% 08/01/30</name>
        <lei>N/A</lei>
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        <cusip>601137AA0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>AES CORP/THE V/R 01/15/55</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
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        <cusip>00130HCK9</cusip>
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          <isin value="US00130HCK95"/>
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        <fairValLevel>2</fairValLevel>
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        <name>EUSHI FINANCE INC V/R 12/15/54</name>
        <lei>N/A</lei>
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          <isin value="US29882DAB91"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>UWM HOLDINGS L 6.625% 02/01/30</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>KINETIK HOLDIN 5.875% 06/15/30</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CQP HOLDCO LP/BI 7.5% 12/15/33</name>
        <lei>N/A</lei>
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        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <name>KB HOME 4.8% 11/15/29</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME REGD 4.80000000</title>
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        <fairValLevel>2</fairValLevel>
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        <name>YUM  BRANDS INC 5.35% 11/01/43</name>
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        <cusip>988498AK7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CAESARS ENTERTAI 6.5% 02/15/32</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <name>WESCO DISTRIBUT 5.25% 04/15/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PENNYMAC FIN S 7.125% 11/15/30</name>
        <lei>549300W1D516HBDEU871</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ALBERTSONS COS/S 3.5% 03/15/29</name>
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        <name>UNITED RENTALS 6.125% 03/15/34</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>SIRIUS XM RADIO LL 4% 07/15/28</name>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ONEMAIN FINANCE  6.5% 03/15/33</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>VORNADO REALTY L 3.4% 06/01/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRAVEL + LEISURE 4.5% 12/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DIRECTV FIN LLC/C 10% 02/15/31</name>
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        <name>RXO INC 6.375% 05/15/31</name>
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        <name>GFL ENVIRONMEN 4.375% 08/15/29</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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        <name>SNAP INC 6.875% 03/01/33</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LITHIA MOTORS  4.375% 01/15/31</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <cusip>536797AF0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESCO DISTRIBUT 7.25% 06/15/28</name>
        <lei>N/A</lei>
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          <isin value="US95081QAP90"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRSTCASH INC 6.875% 03/01/32</name>
        <lei>549300V2X3UU7K0DG350</lei>
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        <cusip>33767DAD7</cusip>
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          <isin value="US33767DAD75"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>NAVIENT CORP 9.375% 07/25/30</name>
        <lei>54930067J0ZNOEBRW338</lei>
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        <cusip>63938CAN8</cusip>
        <identifiers>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275173.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA RESO 8.25% 06/15/29</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CALIFORNIA RESOURCES CRP REGD 144A P/P 8.25000000</title>
        <cusip>13057QAK3</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>382865.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIRGIN MEDIA SEC 4.5% 08/15/30</name>
        <lei>N/A</lei>
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        <cusip>92769XAR6</cusip>
        <identifiers>
          <isin value="US92769XAR61"/>
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        <balance>481000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>426088.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AVIENT CORP 7.125% 08/01/30</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
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        <cusip>05368VAA4</cusip>
        <identifiers>
          <isin value="US05368VAA44"/>
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        <curCd>USD</curCd>
        <valUSD>392388.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>ARBOR REALTY SR  8.5% 12/15/28</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SIX FLAGS ENT/ 6.625% 05/01/32</name>
        <lei>N/A</lei>
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        <cusip>83002YAA7</cusip>
        <identifiers>
          <isin value="US83002YAA73"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>PERMIAN RESOUR 5.875% 07/01/29</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ENTEGRIS INC 5.95% 06/15/30</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>METHANEX CORP 5.125% 10/15/27</name>
        <lei>549300TSJHRXT9QXRD13</lei>
        <title>METHANEX CORP REGD 5.12500000</title>
        <cusip>59151KAM0</cusip>
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          <isin value="US59151KAM09"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365387.89000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROGERS COMMUNICAT V/R 04/15/55</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
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        <cusip>775109DG3</cusip>
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        <curCd>USD</curCd>
        <valUSD>631138.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MOLINA HEALTHC 3.875% 05/15/32</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOLINA HEALTHCARE INC REGD 144A P/P 3.87500000</title>
        <cusip>60855RAL4</cusip>
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          <isin value="US60855RAL42"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>345809.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>LIFE TIME INC 6% 11/15/31</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LITHIA MOTORS  4.625% 12/15/27</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
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        <cusip>536797AE3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MGM RESORTS INTL 5.5% 04/15/27</name>
        <lei>54930066VBP7DZEGGJ87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED RENTALS 3.875% 11/15/27</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GO DADDY OPCO/FI 3.5% 03/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SMYRNA READY M 8.875% 11/15/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NISSAN MOTOR AC 2.75% 03/09/28</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DISCOVERY HOLDI 5.05% 03/15/42</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVELIS CORP 4.75% 01/30/30</name>
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        <name>HILTON DOMESTI 6.125% 04/01/32</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US FOODS INC 4.625% 06/01/30</name>
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        <name>CARNIVAL CORP 5.125% 05/01/29</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>549300K5VIUTJXQL7X75</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ACADEMY LTD 6% 11/15/27</name>
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        <name>WALKER &amp; DUNLO 6.625% 04/01/33</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VORNADO REALTY  5.75% 02/01/33</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GFL ENVIRONMENT 6.75% 01/15/31</name>
        <lei>894500E7NLBY9VZRT696</lei>
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        <cusip>36168QAQ7</cusip>
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          <isin value="US36168QAQ73"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RESIDEO FUNDING  6.5% 07/15/32</name>
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        <title>RESIDEO FUNDING INC REGD 144A P/P 6.50000000</title>
        <cusip>76119LAD3</cusip>
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          <isin value="US76119LAD38"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRAPHIC PACKAGI 4.75% 07/15/27</name>
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        <cusip>38869AAA5</cusip>
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          <isin value="US38869AAA51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STONEX GROUP I 7.875% 03/01/31</name>
        <lei>549300JUF07L8VF02M60</lei>
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          <isin value="US861896AA67"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATI INC 4.875% 10/01/29</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>ATI INC REGD 4.87500000</title>
        <cusip>01741RAL6</cusip>
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          <isin value="US01741RAL69"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TELECOM ITALIA 6.375% 11/15/33</name>
        <lei>N/A</lei>
        <title>TELECOM ITALIA CAPITAL REGD 6.37500000</title>
        <cusip>87927VAF5</cusip>
        <identifiers>
          <isin value="US87927VAF58"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CINEMARK USA IN 5.25% 07/15/28</name>
        <lei>N/A</lei>
        <title>CINEMARK USA INC REGD 144A P/P 5.25000000</title>
        <cusip>172441BF3</cusip>
        <identifiers>
          <isin value="US172441BF30"/>
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        <curCd>USD</curCd>
        <valUSD>418651.34000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CNX RESOURCES  5.875% 03/01/34</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX RESOURCES CORP REGD 144A P/P 5.87500000</title>
        <cusip>12653CAM0</cusip>
        <identifiers>
          <isin value="US12653CAM01"/>
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        <curCd>USD</curCd>
        <valUSD>267994.01000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>SHIFT4 PAYMENTS 6.75% 08/15/32</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>873949.13000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>NISSAN MOTOR A 5.625% 09/29/28</name>
        <lei>N/A</lei>
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          <isin value="US65480CAK18"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP 5.375% 07/15/31</name>
        <lei>54930001NJU8E40NQ561</lei>
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        <cusip>86765KAM1</cusip>
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        <valUSD>331629.84000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>TENET HEALTHCA 4.375% 01/15/30</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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          <isin value="US88033GDR83"/>
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        <fairValLevel>2</fairValLevel>
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        <lei>YAWJZJYEQ7M1SYMOS462</lei>
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        <cusip>880779BB8</cusip>
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          <isin value="US880779BB83"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NEWMARK GROUP IN 7.5% 01/12/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRON MOUNTAIN  4.875% 09/15/27</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <cusip>46284VAC5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>VODAFONE GROUP PL V/R 06/04/81</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC REGD V/R SER NC30 5.12500000</title>
        <cusip>92857WBX7</cusip>
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        <curCd>USD</curCd>
        <valUSD>405776.28000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>HILTON DOMESTIC OPERATIN REGD 4.875% 01/15/30</name>
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        <name>NORDSTROM INC 4.25% 08/01/31</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMB WESTON HL 4.375% 01/31/32</name>
        <lei>5493005SMYID1D2OY946</lei>
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        <cusip>513272AE4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>US FOODS INC 5.75% 04/15/33</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GROUP 1 AUTOMO 6.375% 01/15/30</name>
        <lei>549300US8QAZJLWYAF63</lei>
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        <cusip>398905AQ2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>MAGNOLIA OIL G 6.875% 12/01/32</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUCKEYE PARTNE 4.125% 12/01/27</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OPEN TEXT CORP 3.875% 02/15/28</name>
        <lei>549300HP7ONDQODZJV16</lei>
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      <invstOrSec>
        <name>FTAI AVIATION IN 5.5% 05/01/28</name>
        <lei>529900E7PUVK6BC8PE80</lei>
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        <cusip>34960PAD3</cusip>
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        <name>CASCADES INC/U 5.375% 01/15/28</name>
        <lei>N/A</lei>
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        <cusip>14739LAB8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>TAYLOR MORRISON 5.75% 01/15/28</name>
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        <name>COEUR MINING I 5.125% 02/15/29</name>
        <lei>5493003AVK173D48DR70</lei>
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        <cusip>192108BC1</cusip>
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        <name>GARRETT MOTION  7.75% 05/31/32</name>
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        <name>TRANSDIGM INC 6.625% 03/01/32</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KBR INC 4.75% 09/30/28</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CELANESE US HOL 6.85% 11/15/28</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>G617XSG94Z7G0RMW3L02</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BRANDYWINE OPER 4.55% 10/01/29</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PUGET ENERGY INC V/R 09/15/56</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HILTON DOMESTIC 3.75% 05/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VF CORP 6.45% 11/01/37</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
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        <name>IRON MOUNTAIN I 5.25% 03/15/28</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>W7L3VLU8EHQY34Z36697</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300JH4DTA7U42GL91</lei>
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      <invstOrSec>
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        <name>AECOM 6% 08/01/33</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CAESARS ENTERTAIN  7% 02/15/30</name>
        <lei>549300FA4CTCW903Y781</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MGM RESORTS INT 4.75% 10/15/28</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FTAI AVIATION INVE 7% 06/15/32</name>
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        <name>CLOUD SOFTWARE 6.625% 08/15/33</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HILCORP ENERGY  6.25% 04/15/32</name>
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        <name>WYNN RESORTS F 7.125% 02/15/31</name>
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      <invstOrSec>
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        <lei>254900RSUG4J9TFFZX53</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ALBERTSONS COS 4.875% 02/15/30</name>
        <lei>N/A</lei>
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        <cusip>013092AE1</cusip>
        <identifiers>
          <isin value="US013092AE14"/>
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        <curCd>USD</curCd>
        <valUSD>528915.74000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STENA INTERNAT 7.625% 02/15/31</name>
        <lei>N/A</lei>
        <title>STENA INTERNATIONAL SA REGD 144A P/P 7.62500000</title>
        <cusip>85858EAE3</cusip>
        <identifiers>
          <isin value="US85858EAE32"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BWX TECHNOLOGI 4.125% 04/15/29</name>
        <lei>549300NP85N265KWMS58</lei>
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        <cusip>05605HAC4</cusip>
        <identifiers>
          <isin value="US05605HAC43"/>
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        <curCd>USD</curCd>
        <valUSD>214486.38000000</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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      <invstOrSec>
        <name>YUM  BRANDS IN 5.375% 04/01/32</name>
        <lei>549300JE8XHZZ7OHN517</lei>
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        <cusip>988498AR2</cusip>
        <identifiers>
          <isin value="US988498AR20"/>
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        <curCd>USD</curCd>
        <valUSD>520709.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VENTURE GLOBAL 6.125% 12/15/30</name>
        <lei>549300TKP4I6OJ02BF90</lei>
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        <cusip>922966AE6</cusip>
        <identifiers>
          <isin value="US922966AE68"/>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>959520.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CNX RESOURCES  7.375% 01/15/31</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX RESOURCES CORP REGD 144A P/P 7.37500000</title>
        <cusip>12653CAK4</cusip>
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          <isin value="US12653CAK45"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247744.80000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WESCO DISTRIBU 6.625% 03/15/32</name>
        <lei>N/A</lei>
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        <cusip>95081QAR5</cusip>
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          <isin value="US95081QAR56"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>466611.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PENSKE AUTOMOTI 3.75% 06/15/29</name>
        <lei>549300W7UTQ0M4C7LB15</lei>
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        <cusip>70959WAK9</cusip>
        <identifiers>
          <isin value="US70959WAK99"/>
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        <curCd>USD</curCd>
        <valUSD>234041.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENTEGRIS INC 4.75% 04/15/29</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
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        <cusip>29365BAA1</cusip>
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          <isin value="US29365BAA17"/>
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        <valUSD>893739.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNTSMAN INTERN 2.95% 06/15/31</name>
        <lei>N/A</lei>
        <title>HUNTSMAN INTERNATIONAL L REGD 2.95000000</title>
        <cusip>44701QBF8</cusip>
        <identifiers>
          <isin value="US44701QBF81"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RLJ LODGING TRUST  4% 09/15/29</name>
        <lei>N/A</lei>
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          <isin value="US74965LAB71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>XPO INC 7.125% 06/01/31</name>
        <lei>54930096DB9LCLPN7H13</lei>
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          <isin value="US98379KAB89"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP 7% 05/01/29</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MINERAL RESOURC 9.25% 10/01/28</name>
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        <cusip>603051AE3</cusip>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GENMAB A/S/GENM 6.25% 12/15/32</name>
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          <isin value="US37230JAA07"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>STARWOOD PROPER 5.75% 01/15/31</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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          <isin value="US85571BBG95"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITED RENTALS  5.25% 01/15/30</name>
        <lei>N/A</lei>
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          <isin value="US911365BL76"/>
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        <curCd>USD</curCd>
        <valUSD>360984.96000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US912909AD03"/>
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        <curCd>USD</curCd>
        <valUSD>155511.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNOCO LP/FINA 5.875% 03/15/28</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM INC 6.25% 01/31/34</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>281391.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MATTAMY GROUP CORP 6% 12/15/33</name>
        <lei>5493008TNY7A82WCXU31</lei>
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        <curCd>USD</curCd>
        <valUSD>245076.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>SEAGATE DATA S 9.625% 12/01/32</name>
        <lei>N/A</lei>
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        <balance>388850.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432701.39000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENERGY TRANSFER L V/R 10/01/54</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US683720AA42"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MURPHY OIL CORP 6.5% 02/15/34</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
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        <cusip>626717AQ5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>PG&amp;E CORP 5.25% 07/01/30</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E CORP REGD 5.25000000</title>
        <cusip>69331CAJ7</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFICORP V/R 09/15/55</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO HLDGS LLC/CAP  7% 02/01/33</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>RANGE RESOURCES 4.75% 02/15/30</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATP TOW/ANDEAN 7.875% 02/03/30</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARK INTERMED  4.875% 05/15/29</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MINERAL RESOURCE 8.5% 05/01/30</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ATLANTICA SUST 4.125% 06/15/28</name>
        <lei>549300ITBBGKJ651R879</lei>
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        <cusip>04916WAA2</cusip>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ONEMAIN FINANC 6.125% 05/15/30</name>
        <lei>N/A</lei>
        <title>ONEMAIN FINANCE CORP REGD 6.12500000</title>
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          <isin value="US682691AL46"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NAVIENT CORP 4.875% 03/15/28</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP REGD 4.87500000</title>
        <cusip>63938CAL2</cusip>
        <identifiers>
          <isin value="US63938CAL28"/>
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        <balance>266000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259502.10000000</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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          <couponKind>Fixed</couponKind>
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        <name>SERVICE CORP INTL 4% 05/15/31</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTL REGD 4.00000000</title>
        <cusip>817565CG7</cusip>
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          <isin value="US817565CG79"/>
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        <balance>426000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>JEFFERIES FIN  6.625% 10/15/31</name>
        <lei>N/A</lei>
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        <cusip>47232MAG7</cusip>
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          <isin value="US47232MAG78"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD BOR / EMR 6.75% 07/15/31</name>
        <lei>N/A</lei>
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        <cusip>26873CAB8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CROWN AMERICAS  5.25% 04/01/30</name>
        <lei>N/A</lei>
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        <cusip>228180AB1</cusip>
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          <isin value="US228180AB14"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DPL INC/OHIO 4.35% 04/15/29</name>
        <lei>N/A</lei>
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          <isin value="US233293AQ29"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG ENERGY INC 5.75% 01/15/34</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SM ENERGY CO 8.625% 11/01/30</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <cusip>17888HAC7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SM ENERGY CO 8.375% 07/01/28</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BRANDYWINE OPER  8.3% 03/15/28</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>MACY'S RETAIL  7.375% 08/01/33</name>
        <lei>N/A</lei>
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        <valUSD>280531.49000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WESCO DISTRIBUTI 5.5% 04/15/34</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MEDLINE BORROWE 5.25% 10/01/29</name>
        <lei>254900QT3R363TVK6F09</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LEEWARD RENEWAB 4.25% 07/01/29</name>
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        <cusip>524590AA4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <lei>GR3KVMWVCR54YWQNXU90</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>HILTON DOMESTI 5.875% 03/15/33</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIASAT INC 5.625% 04/15/27</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREYSTAR REAL E 7.75% 09/01/30</name>
        <lei>254900HGC806SXAS4M46</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUNOCO LP 5.875% 07/15/27</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DRESDNER FNDG  8.151% 06/30/31</name>
        <lei>N/A</lei>
        <title>DRESDNER FNDG TRUST I REGD P/P 8.15100000</title>
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          <isin value="US26156FAA12"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>LIVE NATION ENTE 6.5% 05/15/27</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARBOR REALTY S 7.875% 07/15/30</name>
        <lei>N/A</lei>
        <title>ARBOR REALTY SR INC REGD 144A P/P 7.87500000</title>
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          <isin value="US03881NAJ63"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MATTAMY GROUP  4.625% 03/01/30</name>
        <lei>5493008TNY7A82WCXU31</lei>
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        <cusip>57701RAM4</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>316922.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABC SUPPLY CO  3.875% 11/15/29</name>
        <lei>N/A</lei>
        <title>ABC SUPPLY CO INC REGD 144A P/P 3.87500000</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WYNN RESORTS FI 6.25% 03/15/33</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
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        <name>TGS ASA 8.5% 01/15/30</name>
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    <explntrNotes>
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      <ncom:signerName>Tony Kelly</ncom:signerName>
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</edgarSubmission>
