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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>N/A</fairValLevel>
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        <name>BEAZER HOMES USA INC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BIG RIVER STEEL LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLACKROCK GLOBAL FLOATING RATE INCOME TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BLACKSTONE SENIOR FLOATING RATE 2027 TERM FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BLACKSTONE STRATEGIC CREDIT 2027 TERM FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BMO 2024-5C4 MORTGAGE TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <name>BX 2025-BIO3 MORTGAGE TRUST</name>
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          <ticker value="BX"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <name>BXMT 2020-FL2 LTD</name>
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          <ticker value="BXMT"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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          <other otherDesc="SEDOL Number" value="BK6WV51"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CVS HEALTH CORP</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA FIRST LEASING CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CASCADES INC / CASCADES USA INC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CHAMP ACQUISITION CORP</name>
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        <title>VISANT 8.375 12/01/31 144A</title>
        <cusip>15807XAA8</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.375</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CINCINNATI BELL TELEPHONE COMPANY LLC</name>
        <lei>N/A</lei>
        <title>CBB 6.3 12/01/28</title>
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          <ticker value="CBB"/>
          <other otherDesc="SEDOL Number" value="2319395"/>
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        <curCd>USD</curCd>
        <valUSD>5394725</valUSD>
        <pctVal>1.0121100945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.3</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V7.125 PERP CC</title>
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          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BRJNZR0"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3580796.14</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>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.5 PERP JJ</title>
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          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BS1KWS6"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2023211.14</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.95 PERP FF</title>
        <cusip>17327CAV5</cusip>
        <identifiers>
          <ticker value="C"/>
          <other otherDesc="SEDOL Number" value="BTRFRK9"/>
          <isin value="US17327CAV54"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2046050</valUSD>
        <pctVal>0.3838616165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COBANK ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>COBKAC V7.25 PERP</title>
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          <ticker value="COBKAC"/>
          <other otherDesc="SEDOL Number" value="BMDPVV3"/>
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        <curCd>USD</curCd>
        <valUSD>350847.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG V6.875 12/15/52</title>
        <cusip>21871XAP4</cusip>
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          <ticker value="CRBG"/>
          <other otherDesc="SEDOL Number" value="BPYS2Z3"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4057959.12</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>CRBG V6.875 PERP</title>
        <cusip>21871XAU3</cusip>
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          <ticker value="CRBG"/>
          <other otherDesc="SEDOL Number" value="BVMPXZ5"/>
          <isin value="US21871XAU37"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3121770</valUSD>
        <pctVal>0.5856785897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CRESCENT BK AUTO TR 2026-1</name>
        <lei>N/A</lei>
        <title>CRESCENT BK AUTO TR 2026-1 ABS 2041-04-25 USD</title>
        <cusip>22564AAJ8</cusip>
        <identifiers>
          <isin value="US22564AAJ88"/>
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        <balance>12277314.889999999</balance>
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        <curCd>USD</curCd>
        <valUSD>10990762.79</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRESCENT CAPITAL BDC INC</name>
        <lei>549300VPIZMU6OEE0V68</lei>
        <title>CRESCENT CAPITAL BDC INC COM</title>
        <cusip>225655109</cusip>
        <identifiers>
          <ticker value="CCAP"/>
          <other otherDesc="SEDOL Number" value="BKKFCK8"/>
          <isin value="US2256551092"/>
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        <balance>92787</balance>
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        <curCd>USD</curCd>
        <valUSD>1013234.04</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET 6 02/01/29 144A</title>
        <cusip>226373AR9</cusip>
        <identifiers>
          <ticker value="ET"/>
          <other otherDesc="SEDOL Number" value="BNK9N31"/>
          <isin value="US226373AR90"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3023680.83</valUSD>
        <pctVal>0.5672759762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELUXE CORP</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DLX 8 06/01/29 144A</title>
        <cusip>248019AU5</cusip>
        <identifiers>
          <ticker value="DLX"/>
          <other otherDesc="SEDOL Number" value="BN0TP68"/>
          <isin value="US248019AU57"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2014214</valUSD>
        <pctVal>0.3778888306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>DIGITAL REALTY TRUST INC 5.200% SERIES L CUMULATIVE REDEEMABLE PREFERRED STOCK</title>
        <cusip>253868822</cusip>
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          <ticker value="DLR"/>
          <other otherDesc="SEDOL Number" value="BKLXG10"/>
          <isin value="US2538688225"/>
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        <curCd>USD</curCd>
        <valUSD>1125025.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DISH NETWORK CORP</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH 11.75 11/15/27 144A</title>
        <cusip>25470MAG4</cusip>
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          <ticker value="DISH"/>
          <other otherDesc="SEDOL Number" value="BQB9NW0"/>
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        <curCd>USD</curCd>
        <valUSD>1027552</valUSD>
        <pctVal>0.1927801235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>11.75</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOMINION ENERGY INC</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>D V6 02/15/56 **</title>
        <cusip>25746UDZ9</cusip>
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          <ticker value="D"/>
          <other otherDesc="SEDOL Number" value="BV7G632"/>
          <isin value="US25746UDZ93"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1506640.5</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>2056-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
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        <name>EATON VANCE SENIOR INCOME TRUST</name>
        <lei>F34RFVU0FGX8OM0KE928</lei>
        <title>EATON VANCE SENIOR INCOME TRUST SH BEN INT</title>
        <cusip>27826S103</cusip>
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          <ticker value="EVF"/>
          <other otherDesc="SEDOL Number" value="2494032"/>
          <isin value="US27826S1033"/>
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        <curCd>USD</curCd>
        <valUSD>1633046.58</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EATON VANCE MUNICIPAL INCOME TRUST</name>
        <lei>549300DINBO2K1M6KL63</lei>
        <title>EATON VANCE MUNICIPAL INCOME TRUST COM</title>
        <cusip>278279104</cusip>
        <identifiers>
          <ticker value="EFT"/>
          <other otherDesc="SEDOL Number" value="B01NFZ7"/>
          <isin value="US2782791048"/>
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        <balance>180280</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1947024</valUSD>
        <pctVal>0.3652832433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EATON VANCE SENIOR FLOATING RATE TRUST</name>
        <lei>VJXUJZ1EC079NQ236240</lei>
        <title>EATON VANCE SENIOR FLOATING RATE TRUST COM</title>
        <cusip>27828Q105</cusip>
        <identifiers>
          <ticker value="EFR"/>
          <other otherDesc="SEDOL Number" value="2183590"/>
          <isin value="US27828Q1058"/>
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        <balance>164734</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1746180.4</valUSD>
        <pctVal>0.3276027619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>EMBECTA CORP</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENBRIDGE INC</name>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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          <other otherDesc="SEDOL Number" value="BN2CHF8"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ENOVA INTERNATIONAL INC</name>
        <lei>549300O8XOCQSB49UO63</lei>
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          <ticker value="ENVA"/>
          <other otherDesc="SEDOL Number" value="BSBH2Z4"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENSTAR FINANCE LLC</name>
        <lei>N/A</lei>
        <title>ESGR V5.5 01/15/42</title>
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          <ticker value="ESGR"/>
          <other otherDesc="SEDOL Number" value="BPLFC57"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-15</maturityDt>
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      <invstOrSec>
        <name>ENTERGY CORP</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
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          <ticker value="ETR"/>
          <other otherDesc="SEDOL Number" value="BT02B50"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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        <name>ENTERPRISE PRODUCTS OPERATING LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <cusip>30040WBC1</cusip>
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          <other otherDesc="SEDOL Number" value="BWFB6G9"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>F&amp;G ANNUITIES &amp; LIFE INC</name>
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          <ticker value="FG"/>
          <other otherDesc="SEDOL Number" value="BT028Y8"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V0 10/01/66</title>
        <cusip>302570AW6</cusip>
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          <other otherDesc="SEDOL Number" value="B1FDF49"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FARM CREDIT BANK OF TEXAS INC</name>
        <lei>V1EBJIOLRNYDHDF63Z33</lei>
        <title>FARMCB V7.75 PERP</title>
        <cusip>30767EAE9</cusip>
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          <other otherDesc="SEDOL Number" value="BT03205"/>
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        <valUSD>7475918.01</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>FARM CREDIT BANK OF TEXAS INC</name>
        <lei>V1EBJIOLRNYDHDF63Z33</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>FIDELITY COLCHESTER STREET TRUST</name>
        <lei>549300SHPEJB1OPRCV46</lei>
        <title>FIDELITY COLCHESTER STREET TRUST MNY MRKT FDS I</title>
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          <ticker value="FIGXX"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <cusip>316773CM0</cusip>
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          <other otherDesc="SEDOL Number" value="B98D1W2"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FITB V0 PERP J</title>
        <cusip>316773CR9</cusip>
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          <other otherDesc="SEDOL Number" value="BP3SB02"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Finance Of America Structured Securities Tr 2017-HB1</name>
        <lei>N/A</lei>
        <title>FASST 2024-S4 A3</title>
        <cusip>31741AAD8</cusip>
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          <ticker value="FASST"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI 5.5 05/01/28 144A</title>
        <cusip>34960PAD3</cusip>
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          <other otherDesc="SEDOL Number" value="BMD14K1"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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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>GPMT 2021-FL4 LTD</name>
        <lei>N/A</lei>
        <title>GPMT 2021-FL4 E</title>
        <cusip>36262TAL7</cusip>
        <identifiers>
          <ticker value="GPMT"/>
          <isin value="US36262TAL70"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4453846.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-22</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GPMT 2021-FL3 LTD</name>
        <lei>N/A</lei>
        <title>GPMT 2021-FL3 D</title>
        <cusip>36264BAJ9</cusip>
        <identifiers>
          <ticker value="GPMT"/>
          <isin value="US36264BAJ98"/>
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        <balance>4465000</balance>
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        <curCd>USD</curCd>
        <valUSD>4454619.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.90351</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENERAL MOTORS FINANCIAL COMPANY INC</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>GM V5.75 PERP A</title>
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          <ticker value="GM"/>
          <other otherDesc="SEDOL Number" value="BFB5M57"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1498762.5</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>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GENWORTH HOLDINGS INC</name>
        <lei>PXDECZED7L8SRUP41R09</lei>
        <title>GNW 6.5 06/15/34</title>
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          <ticker value="GNW"/>
          <other otherDesc="SEDOL Number" value="BG48W50"/>
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        <balance>715000</balance>
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        <curCd>USD</curCd>
        <valUSD>711425</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GENWORTH HOLDINGS INC</name>
        <lei>PXDECZED7L8SRUP41R09</lei>
        <title>GNW V0 11/15/36</title>
        <cusip>37247DAG1</cusip>
        <identifiers>
          <ticker value="GNW"/>
          <other otherDesc="SEDOL Number" value="B1GVH57"/>
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        <balance>5151000</balance>
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        <curCd>USD</curCd>
        <valUSD>4326313.57</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>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.91518</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2024-H17 IG</title>
        <cusip>38383KQ21</cusip>
        <identifiers>
          <ticker value="GNR"/>
          <isin value="US38383KQ217"/>
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        <balance>23831595.9</balance>
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        <curCd>USD</curCd>
        <valUSD>2079023.15</valUSD>
        <pctVal>0.3900477442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2074-09-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.28514</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>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNR 2024-H18 HI</title>
        <cusip>38383KY89</cusip>
        <identifiers>
          <ticker value="GNR"/>
          <isin value="US38383KY898"/>
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        <balance>11486693.479999999</balance>
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        <curCd>USD</curCd>
        <valUSD>964742.11</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2074-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.31522</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>GREEN DOT CORP</name>
        <lei>N/A</lei>
        <title>GDOT 8.75 09/15/29 QIB</title>
        <cusip>39304DAA0</cusip>
        <identifiers>
          <ticker value="GDOT"/>
          <isin value="US39304DAA00"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2180000</valUSD>
        <pctVal>0.4089921184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TALCOTT RESOLUTION LIFE INC</name>
        <lei>549300JNY7TGYLF3F693</lei>
        <title>TALRES 7.65 06/15/27</title>
        <cusip>416592AC7</cusip>
        <identifiers>
          <ticker value="TALRES"/>
          <other otherDesc="SEDOL Number" value="2108548"/>
          <isin value="US416592AC73"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3023998.2</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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.65</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>HUNTINGTON BANCSHARES INC</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HBAN V6.25 PERP K</title>
        <cusip>446150BG8</cusip>
        <identifiers>
          <ticker value="HBAN"/>
          <other otherDesc="SEDOL Number" value="BVSYVG3"/>
          <isin value="US446150BG87"/>
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        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3535700</valUSD>
        <pctVal>0.6633364372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUNTSMAN INTERNATIONAL LLC</name>
        <lei>3YTEJFW18LGIUQ2N5J61</lei>
        <title>HUN 5.7 10/15/34</title>
        <cusip>44701QBG6</cusip>
        <identifiers>
          <ticker value="HUN"/>
          <other otherDesc="SEDOL Number" value="BRC3QG3"/>
          <isin value="US44701QBG64"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1925232.6</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>IEP 9 06/15/30</title>
        <cusip>451102CJ4</cusip>
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          <ticker value="IEP"/>
          <other otherDesc="SEDOL Number" value="BTBJ8W6"/>
          <isin value="US451102CJ41"/>
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        <curCd>USD</curCd>
        <valUSD>2797603.8</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>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>INVESCO SENIOR INCOME TRUST</name>
        <lei>549300C38VE5Y5R75E56</lei>
        <title>INVESCO SENIOR INCOME TRUST COM</title>
        <cusip>46131H107</cusip>
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          <ticker value="VVR"/>
          <other otherDesc="SEDOL Number" value="2439969"/>
          <isin value="US46131H1077"/>
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        <curCd>USD</curCd>
        <valUSD>1885062</valUSD>
        <pctVal>0.3536584866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>INVESCO EXCHANGE-TRADED FUND TRUST II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>INVESCO EXCHANGE-TRADED FUND TRUST II SR LN ETF</title>
        <cusip>46138G508</cusip>
        <identifiers>
          <ticker value="BKLN"/>
          <other otherDesc="SEDOL Number" value="BZ03L33"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP</name>
        <lei>N/A</lei>
        <title>JBLU 9.875 09/20/31 144A</title>
        <cusip>476920AA1</cusip>
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          <ticker value="JBLU"/>
          <other otherDesc="SEDOL Number" value="BRXCZB7"/>
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        <curCd>USD</curCd>
        <valUSD>1811425.8</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-20</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>JETBLUE AIRWAYS CORP</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JBLU 7.75 11/15/28 1B</title>
        <cusip>477164AB3</cusip>
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          <ticker value="JBLU"/>
          <other otherDesc="SEDOL Number" value="BMDFLF7"/>
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        <curCd>USD</curCd>
        <valUSD>2929274.01</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JETBLUE AIRWAYS PASS THROUGH TRUST SERIES 2019-1</name>
        <lei>N/A</lei>
        <title>JBLU 8 05/15/29 2019</title>
        <cusip>477165AA2</cusip>
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          <ticker value="JBLU"/>
          <other otherDesc="SEDOL Number" value="BL9ZKS0"/>
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        <name>NUVEEN CREDIT STRATEGIES INCOME FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PERRIGO COMPANY PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>PHILLIPS 66 COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PHOENIX AVIATION CAPITAL LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PIMCO CORPORATE &amp; INCOME OPPORTUNITY FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PIMCO DYNAMIC INCOME FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RIVERNORTH CAPITAL &amp; INCOME FUND INC</name>
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        <title>RIVERNORTH CAPITAL &amp; INCOME FUND INC COM</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SMB PRIVATE EDUCATION LOAN TRUST 2014-A</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>STWD 2022-FL3 LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <name>STWD 2021-FL2 LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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        <name>SAMMONS FINANCIAL GROUP INC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SARATOGA INVESTMENT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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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>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW V5 PERP K</title>
        <cusip>808513CB9</cusip>
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          <ticker value="SCHW"/>
          <other otherDesc="SEDOL Number" value="BP6LTG0"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4496366.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>J.M. SMUCKER COMPANY (THE)</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>SJM 6.5 11/15/43</title>
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          <ticker value="SJM"/>
          <other otherDesc="SEDOL Number" value="BMTQVH6"/>
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        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1345120.36</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>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPIRE INC (US)</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.25 06/01/56</title>
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          <ticker value="SR"/>
          <other otherDesc="SEDOL Number" value="BV4H6H2"/>
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        <curCd>USD</curCd>
        <valUSD>4980648.75</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STANLEY BLACK &amp; DECKER INC</name>
        <lei>549300DJ09SMTO561131</lei>
        <title>SWK V6.707 03/15/60</title>
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          <ticker value="SWK"/>
          <other otherDesc="SEDOL Number" value="BKZHNQ2"/>
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        <curCd>USD</curCd>
        <valUSD>2986683.9</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>2060-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUMMIT MIDSTREAM HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>SUMMPL 8.625 10/31/29 144A</title>
        <cusip>86614JAA3</cusip>
        <identifiers>
          <ticker value="SUMMPL"/>
          <other otherDesc="SEDOL Number" value="BRC1753"/>
          <isin value="US86614JAA34"/>
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        <balance>6490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6763079.73</valUSD>
        <pctVal>1.2688285806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOTAL RETURN SECURITIES FUND</name>
        <lei>549300HQZ0XPGTS5Q724</lei>
        <title>TOTAL RETURN SECURITIES FUND COM</title>
        <cusip>870875101</cusip>
        <identifiers>
          <ticker value="SWZ"/>
          <other otherDesc="SEDOL Number" value="2420220"/>
          <isin value="US8708751016"/>
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        <balance>446220</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2650546.8</valUSD>
        <pctVal>0.497271904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TENNECO LLC</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>TENINC 8 11/17/28 144A</title>
        <cusip>880349AU9</cusip>
        <identifiers>
          <ticker value="TENINC"/>
          <other otherDesc="SEDOL Number" value="BQ1PCD2"/>
          <isin value="US880349AU90"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3018762</valUSD>
        <pctVal>0.5663531492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TIDEWATER INC</name>
        <lei>2549000JA5GRUPLMUH98</lei>
        <title>TDW 9.125 07/15/30 144A</title>
        <cusip>88642RAE9</cusip>
        <identifiers>
          <ticker value="TDW"/>
          <other otherDesc="SEDOL Number" value="BVLGVV1"/>
          <isin value="US88642RAE99"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2675100.08</valUSD>
        <pctVal>0.501878371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V6.669 PERP N</title>
        <cusip>89832QAD1</cusip>
        <identifiers>
          <ticker value="TFC"/>
          <isin value="US89832QAD16"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1998470.94</valUSD>
        <pctVal>0.3749352584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.669</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF SERIES L NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
        <cusip>902973734</cusip>
        <identifiers>
          <ticker value="USB"/>
          <other otherDesc="SEDOL Number" value="BMFV904"/>
          <isin value="US9029737346"/>
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        <balance>307478</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4486104.02</valUSD>
        <pctVal>0.8416427461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMH PROPERTIES INC</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH PROPERTIES INC 6.375% CUMULATIVE REDEEMABLE PREFERRED STOCK SER D</title>
        <cusip>903002509</cusip>
        <identifiers>
          <ticker value="UMH"/>
          <other otherDesc="SEDOL Number" value="BFMTG89"/>
          <isin value="US9030025095"/>
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        <balance>619145</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13033002.25</valUSD>
        <pctVal>2.4451354126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIV TRUST 2025-APTS</name>
        <lei>N/A</lei>
        <title>UNIV 2025-APTS C</title>
        <cusip>91336XAG6</cusip>
        <identifiers>
          <ticker value="UNIV"/>
          <isin value="US91336XAG60"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2980448.1</valUSD>
        <pctVal>0.5591650377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.32709</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>VERIZON COMMUNICATIONS INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC COM</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <ticker value="VZ"/>
          <other otherDesc="SEDOL Number" value="2090571"/>
          <isin value="US92343V1044"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>423400</valUSD>
        <pctVal>0.0794345243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V6.85 PERP</title>
        <cusip>95002YAC7</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL Number" value="BRC14H4"/>
          <isin value="US95002YAC75"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2078462</valUSD>
        <pctVal>0.3899424662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2500-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED    STOCK, SERIES L</title>
        <cusip>949746804</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL Number" value="B3KRSW9"/>
          <isin value="US9497468044"/>
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        <balance>5383</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6227848.44</valUSD>
        <pctVal>1.1684132691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTRA OPERATIONS COMPANY LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>VST 5 07/31/27 144A</title>
        <cusip>92840VAF9</cusip>
        <identifiers>
          <ticker value="VST"/>
          <other otherDesc="SEDOL Number" value="BHRH886"/>
          <isin value="US92840VAF94"/>
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        <balance>1460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1458971.58</valUSD>
        <pctVal>0.2737192097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERDE PURCHASER LLC</name>
        <lei>2549004HFEKMUGBG3Z35</lei>
        <title>VRTV 10.5 11/30/30 144A</title>
        <cusip>92339LAA0</cusip>
        <identifiers>
          <ticker value="VRTV"/>
          <other otherDesc="SEDOL Number" value="BMJ0LG7"/>
          <isin value="US92339LAA08"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3068202</valUSD>
        <pctVal>0.5756286402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VMC FINANCE 2021-FL4 LLC</name>
        <lei>N/A</lei>
        <title>VMC 2021-FL4 C</title>
        <cusip>91835RAG5</cusip>
        <identifiers>
          <ticker value="VMC"/>
          <isin value="US91835RAG56"/>
        </identifiers>
        <balance>3828794.92</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3795301</valUSD>
        <pctVal>0.7120404569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00166</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PNR-MUNI HI INC-ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC026"/>
        </identifiers>
        <balance>704314</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>288768.74</valUSD>
        <pctVal>0.004810145</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PNR-MUNI HI INC-ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal Id" value="723ESC034"/>
        </identifiers>
        <balance>163375</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>58815</valUSD>
        <pctVal>0.000979707</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PIONEER HIGH INCOME ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC042"/>
        </identifiers>
        <balance>613257</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>0.61</valUSD>
        <pctVal>1.0161</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PIONEER DIVERSIF ESC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="723ESC059"/>
        </identifiers>
        <balance>245326</balance>
        <units>OU</units>
        <descOthUnits>Mutual Fund SH</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>0.25</valUSD>
        <pctVal>4.16436</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="CLOSED END FUND"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ARGO Float 09/30/33</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="internal id" value="PPFWH0SD6"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>936390</valUSD>
        <pctVal>0.01559785</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>SCM Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Gregory Pusch</ncom:signature>
      <ncom:signerName>Gregory Pusch</ncom:signerName>
      <ncom:title>General Counsel and CCO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
