<SEC-DOCUMENT>0001752724-20-015664.txt : 20200129
<SEC-HEADER>0001752724-20-015664.hdr.sgml : 20200129
<ACCEPTANCE-DATETIME>20200129085039
ACCESSION NUMBER:		0001752724-20-015664
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191130
FILED AS OF DATE:		20200129
PERIOD START:           	20200831

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		20556515

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <name>FERRELLGAS LP/FINANCE CORP 6.75% 06/15/2023</name>
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        <curCd>USD</curCd>
        <valUSD>513249.00000000</valUSD>
        <pctVal>0.239494126340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSI Compressco LP / CSI Compressco Finance Inc 7.5% 04/01/2025 144A</name>
        <lei>N/A</lei>
        <title>CSI Compressco LP / CSI Compressco Finance Inc 7.5% 04/01/2025 144A</title>
        <cusip>12652HAA6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="975895"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95041.50000000</valUSD>
        <pctVal>0.044348612483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCI Building Systems Inc 8.00% 04/15/2026 144A</name>
        <lei>549300IW41QEWQ6T0H29</lei>
        <title>NCI Building Systems Inc 8.00% 04/15/2026 144A</title>
        <cusip>72431PAA0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="687808"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>915772.50000000</valUSD>
        <pctVal>0.427321114730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEMPO ACQUISITION LLC / TEMPO ACQUISITION FINANC 6.75% 06/01/2025 144A</name>
        <lei>N/A</lei>
        <title>TEMPO ACQUISITION LLC / TEMPO ACQUISITION FINANC 6.75% 06/01/2025 144A</title>
        <cusip>88023JAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="664637"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1651984.00000000</valUSD>
        <pctVal>0.770854818632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-31 FRN 09/15/2044 2019-31 PT 144A</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-31 FRN 09/15/2044 2019-31 PT 144A</title>
        <cusip>21055FAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1001174"/>
        </identifiers>
        <balance>934829.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>863205.98000000</valUSD>
        <pctVal>0.402792332828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>22.58</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>Neon Holdings Inc 10.125% 04/01/2026 144A</name>
        <lei>N/A</lei>
        <title>Neon Holdings Inc 10.125% 04/01/2026 144A</title>
        <cusip>64051NAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="971522"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1211847.00000000</valUSD>
        <pctVal>0.565476481246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.12500000</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>DELL INTERNATIONAL LLC / EMC CORP 7.125% 06/15/2024 144A</name>
        <lei>N/A</lei>
        <title>DELL INTERNATIONAL LLC / EMC CORP 7.125% 06/15/2024 144A</title>
        <cusip>25272KAW3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="636670"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211750.00000000</valUSD>
        <pctVal>0.098807559785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRSTCASH INC 5.375% 06/01/2024 144A</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC 5.375% 06/01/2024 144A</title>
        <cusip>33767DAA3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="666492"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1143081.50000000</valUSD>
        <pctVal>0.533388872026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Endeavor Energy Resources LP / EER Finance Inc 5.75% 01/30/2028 144A</name>
        <lei>N/A</lei>
        <title>Endeavor Energy Resources LP / EER Finance Inc 5.75% 01/30/2028 144A</title>
        <cusip>29260FAE0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="875469"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048982.50000000</valUSD>
        <pctVal>0.489480052340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>Ashton Woods USA LLC / Ashton Woods Finance Co 9.875% 04/01/2027 144A</name>
        <lei>N/A</lei>
        <title>Ashton Woods USA LLC / Ashton Woods Finance Co 9.875% 04/01/2027 144A</title>
        <cusip>045086AH8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="969429"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449139.00000000</valUSD>
        <pctVal>0.209578883564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOODRICH PETROLEUM CORP COM USD NPV *COM PAR $*</name>
        <lei>5493000G2GU65EVWSF15</lei>
        <title>GOODRICH PETROLEUM CORP COM USD NPV *COM PAR $*</title>
        <cusip>382410843</cusip>
        <identifiers>
          <ticker value="GDP"/>
          <other otherDesc="Internal Identifier" value="648493"/>
        </identifiers>
        <balance>19379.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190301.78000000</valUSD>
        <pctVal>0.088799312891</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCI NV 6.625% 04/15/2023 144A</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV 6.625% 04/15/2023 144A</title>
        <cusip>67091GAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="870007"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>523750.00000000</valUSD>
        <pctVal>0.244394141383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digicel Group One Ltd 8.25% 12/30/2022 144A</name>
        <lei>N/A</lei>
        <title>Digicel Group One Ltd 8.25% 12/30/2022 144A</title>
        <cusip>25382DAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="954378"/>
        </identifiers>
        <balance>463000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>268540.00000000</valUSD>
        <pctVal>0.125307117378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIVE POINT OPERATING CO LP/FIVE POINT CAPITAL CO 7.875% 11/15/2025 144A</name>
        <lei>N/A</lei>
        <title>FIVE POINT OPERATING CO LP/FIVE POINT CAPITAL CO 7.875% 11/15/2025 144A</title>
        <cusip>33834YAA6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="679183"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>981660.00000000</valUSD>
        <pctVal>0.458065781060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</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>T-MOBILE USA INC 6.50% 01/15/2024</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC 6.50% 01/15/2024</title>
        <cusip>87264AAJ4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="564912"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207498.00000000</valUSD>
        <pctVal>0.096823475988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T-MOBILE USA INC ESRW USD NPV REF SM#585558</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC ESRW USD NPV REF SM#585558</title>
        <cusip>87299ATH7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="919666"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CO/THE COM USD5</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SOUTHERN CO/THE COM USD5</title>
        <cusip>842587107</cusip>
        <identifiers>
          <ticker value="SO"/>
          <other otherDesc="Internal Identifier" value="1134"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3719400.00000000</valUSD>
        <pctVal>1.735560037157</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vistra Operations Co LLC 5.625% 02/15/2027 144A</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co LLC 5.625% 02/15/2027 144A</title>
        <cusip>92840VAB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="956388"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1578783.75000000</valUSD>
        <pctVal>0.736697850140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>PINNACLE WEST CAPITAL CORP COM NPV</name>
        <lei>TWSEY0NEDUDCKS27AH81</lei>
        <title>PINNACLE WEST CAPITAL CORP COM NPV</title>
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          <ticker value="PNW"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trivium Packaging Finance BV 8.5% 08/15/2027 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co 7.25% 04/15/2025 144A</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co 7.25% 04/15/2025 144A</title>
        <cusip>12429TAE4</cusip>
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          <other otherDesc="Internal Identifier" value="662819"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA RESOURCES CORP 6.00% 11/15/2024</name>
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          <other otherDesc="Internal Identifier" value="601485"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEATHERFORD INTERNATIONAL LTD 6.5% 07/03/2020 DIP Term Loan</name>
        <lei>529900LPBDSCQDJKHQ39</lei>
        <title>WEATHERFORD INTERNATIONAL LTD 6.5% 07/03/2020 DIP Term Loan</title>
        <cusip>94707NAR9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="993898"/>
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        <curCd>USD</curCd>
        <valUSD>981131.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-03</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Murray Energy Corp 12%/9% CASH+3% PIK HYBD 4/15/24 TOGG 144A *DEFAULT*</name>
        <lei>549300WM5IIFYHZYTT63</lei>
        <title>Murray Energy Corp 12%/9% CASH+3% PIK HYBD 4/15/24 TOGG 144A *DEFAULT*</title>
        <cusip>62704PAM5</cusip>
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          <other otherDesc="Internal Identifier" value="912469"/>
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        <curCd>USD</curCd>
        <valUSD>1970.11000000</valUSD>
        <pctVal>0.000919299936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>HCA INC 5.875% 02/15/2026</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA INC 5.875% 02/15/2026</title>
        <cusip>404119BS7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="617020"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1583785.00000000</valUSD>
        <pctVal>0.739031551714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPRINT CORP 7.625% 03/01/2026</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>SPRINT CORP 7.625% 03/01/2026</title>
        <cusip>85207UAK1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="685189"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>656235.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>Adient US LLC 7% 05/15/2026 144A</name>
        <lei>213800SOTRCDGZUHL712</lei>
        <title>Adient US LLC 7% 05/15/2026 144A</title>
        <cusip>00688JAA5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="978567"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2034759.40000000</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>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO HOLDINGS LLC/CAPITAL CORP 5.25% 09/30/2022</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC/CAPITAL CORP 5.25% 09/30/2022</title>
        <cusip>1248EPAY9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="564809"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1726562.50000000</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>2022-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>STEEL DYNAMICS INC 5.50% 10/01/2024</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>STEEL DYNAMICS INC 5.50% 10/01/2024</title>
        <cusip>858119BD1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="602908"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>930271.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond CLUB CERTIFICATE ISSUER TRUST FRN 01/15/2045 2019-S8 PT 144A</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond CLUB CERTIFICATE ISSUER TRUST FRN 01/15/2045 2019-S8 PT 144A</title>
        <cusip>21057BAA1</cusip>
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          <other otherDesc="Internal Identifier" value="1025426"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>T-MOBILE USA INC ESRW USD NPV REF SM#683270</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC ESRW USD NPV REF SM#683270</title>
        <cusip>87299ATW4</cusip>
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          <other otherDesc="Internal Identifier" value="876484"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>WMG ACQUISITION CORP 5.00% 08/01/2023 144A</name>
        <lei>549300NAS11NXI33CP80</lei>
        <title>WMG ACQUISITION CORP 5.00% 08/01/2023 144A</title>
        <cusip>92933BAK0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="641120"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>KFC HLDG/PIZZA HUT/TACO BELL 5.25% 06/01/2026 144A</name>
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        <title>KFC HLDG/PIZZA HUT/TACO BELL 5.25% 06/01/2026 144A</title>
        <cusip>48250NAB1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="636156"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>637575.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DAE FUNDING LLC 5.00% 08/01/2024 144A</name>
        <lei>635400SZTPQL3Y1P2C76</lei>
        <title>DAE FUNDING LLC 5.00% 08/01/2024 144A</title>
        <cusip>23371DAB0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="670705"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>735875.00000000</valUSD>
        <pctVal>0.343376685041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>NAVIENT CORP 7.25% 09/25/2023</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP 7.25% 09/25/2023</title>
        <cusip>63938CAE8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="645584"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667494.00000000</valUSD>
        <pctVal>0.311468492617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Springleaf Finance Corp 5.375% 11/15/2029</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>Springleaf Finance Corp 5.375% 11/15/2029</title>
        <cusip>85172FAR0</cusip>
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          <other otherDesc="Internal Identifier" value="1019913"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>516250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>
      <invstOrSec>
        <name>ALLISON TRANSMISSION INC 4.75% 10/01/2027 144A</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>ALLISON TRANSMISSION INC 4.75% 10/01/2027 144A</title>
        <cusip>019736AE7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="675143"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>618208.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVELIS CORP 6.25% 08/15/2024 144A</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>NOVELIS CORP 6.25% 08/15/2024 144A</title>
        <cusip>670001AA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="642970"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737821.00000000</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>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CNO Financial Group Inc 5.25% 05/30/2029</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group Inc 5.25% 05/30/2029</title>
        <cusip>12621EAL7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="986838"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1110922.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENQUEST PLC 7.00%/7.00% 04/15/2022 TOGG PIK 144A</name>
        <lei>2138008LJU6WFQWOXJ73</lei>
        <title>ENQUEST PLC 7.00%/7.00% 04/15/2022 TOGG PIK 144A</title>
        <cusip>G315APAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="654044"/>
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        <balance>588666.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505973.14000000</valUSD>
        <pctVal>0.236099037925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>Centene Corp 5.375% 06/01/2026 144A</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp 5.375% 06/01/2026 144A</title>
        <cusip>15137TAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="873864"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1808417.50000000</valUSD>
        <pctVal>0.843850390787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>CALUMET SPECIALTY PRODUCTS PARTNERS LP/FINANCE C 7.75% 04/15/2023</name>
        <lei>N/A</lei>
        <title>CALUMET SPECIALTY PRODUCTS PARTNERS LP/FINANCE C 7.75% 04/15/2023</title>
        <cusip>131477AQ4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="627242"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>772000.00000000</valUSD>
        <pctVal>0.360233464721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>New Enterprise Stone &amp; Lime Co 6.25% 03/15/2026 144A</name>
        <lei>549300O5DQ5Y61B8VF38</lei>
        <title>New Enterprise Stone &amp; Lime Co 6.25% 03/15/2026 144A</title>
        <cusip>644274AF9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="685853"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>945312.75000000</valUSD>
        <pctVal>0.441105294271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>NEW GOLD INC 6.375% 05/15/2025 144A</name>
        <lei>5493005G0GNCHP0H6L96</lei>
        <title>NEW GOLD INC 6.375% 05/15/2025 144A</title>
        <cusip>644532AA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665500"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>456250.00000000</valUSD>
        <pctVal>0.212897044403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>TAYLOR MORRISON COMMUNITIES INC / TAYLOR MORRISO 5.625% 03/01/2024 144A</name>
        <lei>N/A</lei>
        <title>TAYLOR MORRISON COMMUNITIES INC / TAYLOR MORRISO 5.625% 03/01/2024 144A</title>
        <cusip>877249AD4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="571602"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646749.00000000</valUSD>
        <pctVal>0.301788384812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>Sealed Air Corp 4% 12/01/2027 144A</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>Sealed Air Corp 4% 12/01/2027 144A</title>
        <cusip>81211KAY6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1021270"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604500.00000000</valUSD>
        <pctVal>0.282074001844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 07/15/2023 144A</name>
        <lei>N/A</lei>
        <title>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 07/15/2023 144A</title>
        <cusip>29273EAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="607357"/>
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        <balance>819000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>534389.31000000</valUSD>
        <pctVal>0.249358695144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUGHES SATELLITE SYSTEMS CORPORATION 6.625% 08/01/2026</name>
        <lei>N/A</lei>
        <title>HUGHES SATELLITE SYSTEMS CORPORATION 6.625% 08/01/2026</title>
        <cusip>444454AF9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665606"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1430451.75000000</valUSD>
        <pctVal>0.667482629558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>OWENS-BROCKWAY GLASS CONTAINER INC 5.875% 08/15/2023 144A</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
        <title>OWENS-BROCKWAY GLASS CONTAINER INC 5.875% 08/15/2023 144A</title>
        <cusip>69073TAR4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="610566"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>530625.00000000</valUSD>
        <pctVal>0.247602179038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>SPRINT CORP 7.875% 09/15/2023</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>SPRINT CORP 7.875% 09/15/2023</title>
        <cusip>85207UAF2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="590243"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1322250.00000000</valUSD>
        <pctVal>0.616993133067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS INC 6.75% 09/15/2022 144A</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>UNIVISION COMMUNICATIONS INC 6.75% 09/15/2022 144A</title>
        <cusip>914906AP7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="528749"/>
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        <balance>116000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117776.19000000</valUSD>
        <pctVal>0.054957156716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>Clearway Energy Operating LLC 5.75% 10/15/2025</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>Clearway Energy Operating LLC 5.75% 10/15/2025</title>
        <cusip>18539UAB1</cusip>
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          <other otherDesc="Internal Identifier" value="1014017"/>
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        <curCd>USD</curCd>
        <valUSD>420996.00000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEXTERA ENERGY INC COM USD.01</name>
        <lei>N/A</lei>
        <title>NEXTERA ENERGY INC COM USD.01</title>
        <cusip>65339F101</cusip>
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          <ticker value="NEE"/>
          <other otherDesc="Internal Identifier" value="546"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7014600.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LENDING CLUB 4002 MARKETPLACE LOANS</name>
        <lei>549300YC50YO7Y1OJR92</lei>
        <title>LENDING CLUB 4002 MARKETPLACE LOANS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="977712"/>
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        <balance>0.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3123808.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.649299</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSC Holdings LLC 5.5% 05/15/2026 144A</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC 5.5% 05/15/2026 144A</title>
        <cusip>126307AU1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="946847"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1270479.00000000</valUSD>
        <pctVal>0.592835559619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>CENTERPOINT ENERGY INC COM USD1</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>CENTERPOINT ENERGY INC COM USD1</title>
        <cusip>15189T107</cusip>
        <identifiers>
          <ticker value="CNP"/>
          <other otherDesc="Internal Identifier" value="226113"/>
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        <balance>122800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3015968.00000000</valUSD>
        <pctVal>1.407322023483</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>
        <name>BWX Technologies Inc 5.375% 07/15/2026 144A</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX Technologies Inc 5.375% 07/15/2026 144A</title>
        <cusip>05605HAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="875032"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>634708.50000000</valUSD>
        <pctVal>0.296170002646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>FIRST QUANTUM MINERALS LTD 7.25% 04/01/2023 144A</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FIRST QUANTUM MINERALS LTD 7.25% 04/01/2023 144A</title>
        <cusip>335934AK1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="662334"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>609000.00000000</valUSD>
        <pctVal>0.284173808310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>SPRINT CORP 7.125% 06/15/2024</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>SPRINT CORP 7.125% 06/15/2024</title>
        <cusip>85207UAH8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="590231"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540000.00000000</valUSD>
        <pctVal>0.251976775841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</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>Blackboard Inc 10.375% 11/15/2024 144A</name>
        <lei>549300ONVS6PJZ5LRX23</lei>
        <title>Blackboard Inc 10.375% 11/15/2024 144A</title>
        <cusip>091935AE6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1019801"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1572000.00000000</valUSD>
        <pctVal>0.733532391894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.37500000</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>HAT Holdings I LLC / HAT Holdings II LLC 5.25% 07/15/2024 144A</name>
        <lei>N/A</lei>
        <title>HAT Holdings I LLC / HAT Holdings II LLC 5.25% 07/15/2024 144A</title>
        <cusip>418751AA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="993561"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>846992.00000000</valUSD>
        <pctVal>0.395226506154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>PRESTIGE BRANDS INC 6.375% 03/01/2024 144A</name>
        <lei>549300JBVP4J6D42I235</lei>
        <title>PRESTIGE BRANDS INC 6.375% 03/01/2024 144A</title>
        <cusip>74112BAK1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="626747"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>939366.00000000</valUSD>
        <pctVal>0.438330400027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>TPC Group Inc 10.5% 08/01/2024 144A</name>
        <lei>549300K276KVW5JD1583</lei>
        <title>TPC Group Inc 10.5% 08/01/2024 144A</title>
        <cusip>89236YAB0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998831"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604494.00000000</valUSD>
        <pctVal>0.282071202102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</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>NISOURCE INC COM USD.01</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC COM USD.01</title>
        <cusip>65473P105</cusip>
        <identifiers>
          <ticker value="NI"/>
          <other otherDesc="Internal Identifier" value="2712"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1587000.00000000</valUSD>
        <pctVal>0.740531746778</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>
        <name>XCEL ENERGY INC COM USD2.5</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XCEL ENERGY INC COM USD2.5</title>
        <cusip>98389B100</cusip>
        <identifiers>
          <ticker value="XEL"/>
          <other otherDesc="Internal Identifier" value="911"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3689400.00000000</valUSD>
        <pctVal>1.721561327388</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>
        <name>HALCON RESOURCES CORP WTS EXP 09/09/2020 *do not use*</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>HALCON RESOURCES CORP WTS EXP 09/09/2020 *do not use*</title>
        <cusip>40537Q118</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="645128"/>
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        <balance>4668.00000000</balance>
        <units>OU</units>
        <descOthUnits>Warrants</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="WARRANTS TO EQUITY"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clear Channel Worldwide Holdings Inc 9.25% 02/15/2024 144A</name>
        <lei>N/A</lei>
        <title>Clear Channel Worldwide Holdings Inc 9.25% 02/15/2024 144A</title>
        <cusip>18451QAN8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="960561"/>
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        <balance>510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563065.50000000</valUSD>
        <pctVal>0.262739683847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</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>United Rentals North America Inc 3.875% 11/15/2027</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America Inc 3.875% 11/15/2027</title>
        <cusip>911365BM5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1017753"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>606750.00000000</valUSD>
        <pctVal>0.283123905077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>CONSOLIDATED EDISON INC COM USD.1</name>
        <lei>54930033SBW53OO8T749</lei>
        <title>CONSOLIDATED EDISON INC COM USD.1</title>
        <cusip>209115104</cusip>
        <identifiers>
          <ticker value="ED"/>
          <other otherDesc="Internal Identifier" value="470"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3475600.00000000</valUSD>
        <pctVal>1.621797189101</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>Harsco Corp 5.75% 07/31/2027 144A</name>
        <lei>KAO98FK89NPNNPQGUZ43</lei>
        <title>Harsco Corp 5.75% 07/31/2027 144A</title>
        <cusip>415864AM9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="991073"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1582537.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 02/01/2025 144A</name>
        <lei>N/A</lei>
        <title>ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC 6.00% 02/01/2025 144A</title>
        <cusip>29273EAA6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="596013"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500248.00000000</valUSD>
        <pctVal>0.233427552150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>BIRCH PERMIAN HOLDINGS INC COM USD NPV *Accd inv/Restricted*</name>
        <lei>5493008GXCEAUIZGCH60</lei>
        <title>BIRCH PERMIAN HOLDINGS INC COM USD NPV *Accd inv/Restricted*</title>
        <cusip>09075C203</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="868025"/>
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        <balance>28796.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269962.50000000</valUSD>
        <pctVal>0.125970889533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>T-MOBILE USA INC 4.75% 02/01/2028</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC 4.75% 02/01/2028</title>
        <cusip>87264AAV7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="683270"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>629265.00000000</valUSD>
        <pctVal>0.293629936759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHENIERE CORPUS CHRISTI HLDGS LLC 5.875% 03/31/2025</name>
        <lei>549300I7CIEWU1BBLQ53</lei>
        <title>CHENIERE CORPUS CHRISTI HLDGS LLC 5.875% 03/31/2025</title>
        <cusip>16412XAC9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665728"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1120200.00000000</valUSD>
        <pctVal>0.522711822773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>HD Supply Inc 5.375% 10/15/2026 144A</name>
        <lei>549300G8FYZDYZMZED76</lei>
        <title>HD Supply Inc 5.375% 10/15/2026 144A</title>
        <cusip>40415RAS4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="934422"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>637393.50000000</valUSD>
        <pctVal>0.297422887170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENERGY PART 7.50% 06/15/2025 144A</name>
        <lei>N/A</lei>
        <title>SUNCOKE ENERGY PARTNERS LP / SUNCOKE ENERGY PART 7.50% 06/15/2025 144A</title>
        <cusip>86723CAF5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="666604"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1542733.00000000</valUSD>
        <pctVal>0.719875717267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSC HOLDINGS LLC 5.25% 06/01/2024</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC 5.25% 06/01/2024</title>
        <cusip>126307AH0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="606676"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>754243.00000000</valUSD>
        <pctVal>0.351947628409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DKT Finance ApS 9.375% 06/17/2023 144A</name>
        <lei>529900CPZ2SMDPG5RV48</lei>
        <title>DKT Finance ApS 9.375% 06/17/2023 144A</title>
        <cusip>255882AA0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="878558"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1597642.50000000</valUSD>
        <pctVal>0.745497789069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRESTWOOD MIDSTREAM PARTNERS LP/FINANCE CORP 5.75% 04/01/2025</name>
        <lei>N/A</lei>
        <title>CRESTWOOD MIDSTREAM PARTNERS LP/FINANCE CORP 5.75% 04/01/2025</title>
        <cusip>226373AP3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="670411"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>806232.00000000</valUSD>
        <pctVal>0.376206925815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>Amkor Technology Inc 6.625% 09/15/2027 144A</name>
        <lei>529900VHLRTKPWZJBM84</lei>
        <title>Amkor Technology Inc 6.625% 09/15/2027 144A</title>
        <cusip>031652BK5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="970131"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1095025.00000000</valUSD>
        <pctVal>0.510964572158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
        <lei>N/A</lei>
        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
        <cusip>457756500</cusip>
        <identifiers>
          <ticker value="INFXX"/>
          <other otherDesc="Internal Identifier" value="170875"/>
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        <balance>2838512.91000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2838512.91000000</valUSD>
        <pctVal>1.324517280085</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>
      <invstOrSec>
        <name>CALPINE CORP 5.75% 01/15/2025</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>CALPINE CORP 5.75% 01/15/2025</title>
        <cusip>131347CF1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="580904"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1831500.00000000</valUSD>
        <pctVal>0.854621231395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>FMG RESOURCES AUGUST 2006 PTY LTD 5.125% 03/15/2023 144A</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG RESOURCES AUGUST 2006 PTY LTD 5.125% 03/15/2023 144A</title>
        <cusip>30251GAY3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="685852"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>418996.00000000</valUSD>
        <pctVal>0.195513446611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>Murphy Oil USA Inc 4.75% 09/15/2029</name>
        <lei>N32S6DTR2ZZ5222WHV58</lei>
        <title>Murphy Oil USA Inc 4.75% 09/15/2029</title>
        <cusip>626738AE8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1006800"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1269867.00000000</valUSD>
        <pctVal>0.592549985939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>DOMINION ENERGY INC COM USD NPV</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>DOMINION ENERGY INC COM USD NPV</title>
        <cusip>25746U109</cusip>
        <identifiers>
          <ticker value="D"/>
          <other otherDesc="Internal Identifier" value="182154"/>
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        <balance>67200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5584992.00000000</valUSD>
        <pctVal>2.606089402334</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLASTIPAK HLDGS INC 6.25% 10/15/2025 144A</name>
        <lei>N/A</lei>
        <title>PLASTIPAK HLDGS INC 6.25% 10/15/2025 144A</title>
        <cusip>727610AN7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="676142"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1436500.00000000</valUSD>
        <pctVal>0.670304886104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELEMENT SOLUTIONS INC 5.875% 12/01/2025 144A</name>
        <lei>549300FLGN6P5CU20J91</lei>
        <title>ELEMENT SOLUTIONS INC 5.875% 12/01/2025 144A</title>
        <cusip>72766QAD7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="678538"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1042490.00000000</valUSD>
        <pctVal>0.486450498235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-SLCT3 FRN 06/15/2044 144A</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-SLCT3 FRN 06/15/2044 144A</title>
        <cusip>21055RAA8</cusip>
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          <other otherDesc="Internal Identifier" value="982836"/>
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        <valUSD>270888.58000000</valUSD>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVIENT CORP 6.625% 07/26/2021</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP 6.625% 07/26/2021</title>
        <cusip>63938CAD0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="641401"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424904.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-26</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BEACON ROOFING SUPPLY INC 4.875% 11/01/2025 144A</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>BEACON ROOFING SUPPLY INC 4.875% 11/01/2025 144A</title>
        <cusip>073685AD1</cusip>
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          <other otherDesc="Internal Identifier" value="676419"/>
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        <curCd>USD</curCd>
        <valUSD>971250.00000000</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>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRINDING MEDIA INC / MOLY-COP ALTASTEEL LTD 7.375% 12/15/2023 144A</name>
        <lei>N/A</lei>
        <title>GRINDING MEDIA INC / MOLY-COP ALTASTEEL LTD 7.375% 12/15/2023 144A</title>
        <cusip>398545AA1</cusip>
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          <other otherDesc="Internal Identifier" value="654681"/>
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        <curCd>USD</curCd>
        <valUSD>1000560.00000000</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>2023-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERGY CORP COM USD0.01</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>ENTERGY CORP COM USD0.01</title>
        <cusip>29364G103</cusip>
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          <ticker value="ETR"/>
          <other otherDesc="Internal Identifier" value="25229"/>
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        <curCd>USD</curCd>
        <valUSD>3491700.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE USA INC 6.375% 03/01/2025</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC 6.375% 03/01/2025</title>
        <cusip>87264AAN5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="585558"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520000.00000000</valUSD>
        <pctVal>0.242644302662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MPH ACQUISITION HOLDINGS LLC 7.125% 06/01/2024 144A</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH ACQUISITION HOLDINGS LLC 7.125% 06/01/2024 144A</title>
        <cusip>553283AB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="635582"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1182987.00000000</valUSD>
        <pctVal>0.552009722448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</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>Amplify Energy Corp COM USD.01</name>
        <lei>J0TW5YQRAZXYN7VEU787</lei>
        <title>Amplify Energy Corp COM USD.01</title>
        <cusip>03212B103</cusip>
        <identifiers>
          <ticker value="AMPY"/>
          <other otherDesc="Internal Identifier" value="648998"/>
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        <balance>245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1347.50000000</valUSD>
        <pctVal>0.000628775380</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>
        <name>Scripps Escrow Inc 5.875% 07/15/2027 144A</name>
        <lei>N/A</lei>
        <title>Scripps Escrow Inc 5.875% 07/15/2027 144A</title>
        <cusip>81104PAA7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="997461"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>617706.00000000</valUSD>
        <pctVal>0.288236233885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/COMMUNITY HEALTH SYSTEMS INC 6.875% 02/01/2022</title>
        <cusip>12543DAV2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="589381"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136937.50000000</valUSD>
        <pctVal>0.063898277299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>CHS/COMMUNITY HEALTH SYSTEMS INC 6.25% 03/31/2023</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/COMMUNITY HEALTH SYSTEMS INC 6.25% 03/31/2023</title>
        <cusip>12543DAY6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="661633"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>594000.00000000</valUSD>
        <pctVal>0.277174453425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>COMMSCOPE TECHNOLOGIES LLC 6.00% 06/15/2025 144A</name>
        <lei>M4TWC4QDOKW45N7T6Y12</lei>
        <title>COMMSCOPE TECHNOLOGIES LLC 6.00% 06/15/2025 144A</title>
        <cusip>20337YAA5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="605279"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1653250.00000000</valUSD>
        <pctVal>0.771445564185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHS/Community Health Systems Inc 8.125% 06/30/2024 144A</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc 8.125% 06/30/2024 144A</title>
        <cusip>12543DBA7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="878322"/>
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        <balance>718000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563630.00000000</valUSD>
        <pctVal>0.263003092902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRSTENERGY CORP COM USD.1</name>
        <lei>549300SVYJS666PQJH88</lei>
        <title>FIRSTENERGY CORP COM USD.1</title>
        <cusip>337932107</cusip>
        <identifiers>
          <ticker value="FE"/>
          <other otherDesc="Internal Identifier" value="49994"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1907600.00000000</valUSD>
        <pctVal>0.890131291842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>DELL INTERNATIONAL LLC / EMC CORP 5.875% 06/15/2021 144A</name>
        <lei>N/A</lei>
        <title>DELL INTERNATIONAL LLC / EMC CORP 5.875% 06/15/2021 144A</title>
        <cusip>25272KAU7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="636729"/>
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        <balance>132000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134145.00000000</valUSD>
        <pctVal>0.062595230731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REYNOLDS GROUP ISSUER INC/LLC/SA 5.125% 07/15/2023 144A</name>
        <lei>N/A</lei>
        <title>REYNOLDS GROUP ISSUER INC/LLC/SA 5.125% 07/15/2023 144A</title>
        <cusip>761735AT6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="637228"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1024990.00000000</valUSD>
        <pctVal>0.478284584203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>T-MOBILE USA INC ESRW USD NPV REF SM# 630529</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC ESRW USD NPV REF SM# 630529</title>
        <cusip>87299ATE4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="919674"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVELIS CORP 5.875% 09/30/2026 144A</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>NOVELIS CORP 5.875% 09/30/2026 144A</title>
        <cusip>670001AC0</cusip>
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          <other otherDesc="Internal Identifier" value="644991"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>524911.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-30</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>
      <invstOrSec>
        <name>BOYNE USA INC 7.25% 05/01/2025 144A</name>
        <lei>N/A</lei>
        <title>BOYNE USA INC 7.25% 05/01/2025 144A</title>
        <cusip>103557AA2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="687603"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1631872.50000000</valUSD>
        <pctVal>0.761470316915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>1011778 BC ULC/NEW RED FINANCE INC 4.25% 05/15/2024 144A</name>
        <lei>N/A</lei>
        <title>1011778 BC ULC/NEW RED FINANCE INC 4.25% 05/15/2024 144A</title>
        <cusip>68245XAC3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665439"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>924552.00000000</valUSD>
        <pctVal>0.431417837144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>iHeartCommunications Inc 5.25% 08/15/2027 144A</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications Inc 5.25% 08/15/2027 144A</title>
        <cusip>45174HBE6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1000481"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1029975.00000000</valUSD>
        <pctVal>0.480610703143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>EDISON INTERNATIONAL COM USD4.166</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EDISON INTERNATIONAL COM USD4.166</title>
        <cusip>281020107</cusip>
        <identifiers>
          <ticker value="EIX"/>
          <other otherDesc="Internal Identifier" value="1084"/>
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        <balance>36000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2487600.00000000</valUSD>
        <pctVal>1.160773014043</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>H&amp;E EQUIPMENT SERVICES INC 5.625% 09/01/2025</name>
        <lei>N/A</lei>
        <title>H&amp;E EQUIPMENT SERVICES INC 5.625% 09/01/2025</title>
        <cusip>404030AH1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686990"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1054165.00000000</valUSD>
        <pctVal>0.491898329453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>HANESBRANDS INC 4.625% 05/15/2024 144A</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
        <title>HANESBRANDS INC 4.625% 05/15/2024 144A</title>
        <cusip>410345AJ1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="633410"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1054990.00000000</valUSD>
        <pctVal>0.492283293972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>VERSO CORP COM USD.01 CL A</name>
        <lei>549300FODXCTQ8DGT594</lei>
        <title>VERSO CORP COM USD.01 CL A</title>
        <cusip>92531L207</cusip>
        <identifiers>
          <ticker value="VRS"/>
          <other otherDesc="Internal Identifier" value="639881"/>
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        <balance>3330.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61471.80000000</valUSD>
        <pctVal>0.028684196239</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>
        <name>Sirius XM Radio Inc 4.625% 07/15/2024 144A</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio Inc 4.625% 07/15/2024 144A</title>
        <cusip>82967NBE7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="992360"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630000.00000000</valUSD>
        <pctVal>0.293972905148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>BIRCH PERMIAN HOLDINGS INC COM USD NPV *Put option premium/Backstop*</name>
        <lei>5493008GXCEAUIZGCH60</lei>
        <title>BIRCH PERMIAN HOLDINGS INC COM USD NPV *Put option premium/Backstop*</title>
        <cusip>09075C104</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="868032"/>
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        <balance>3694.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35093.00000000</valUSD>
        <pctVal>0.016375224064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HALCON RESOURCES CORP WTS EXP 10/08/2020 CL A</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>HALCON RESOURCES CORP WTS EXP 10/08/2020 CL A</title>
        <cusip>40537Q134</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1014174"/>
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        <balance>583.00000000</balance>
        <units>OU</units>
        <descOthUnits>Warrants</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2222.17000000</valUSD>
        <pctVal>0.001036917096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="WARRANTS TO EQUITY"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INFOR US INC 6.50% 05/15/2022</name>
        <lei>CIOT8TLNSHRE7MIBDR09</lei>
        <title>INFOR US INC 6.50% 05/15/2022</title>
        <cusip>45672NAG6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="628885"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1736198.10000000</valUSD>
        <pctVal>0.810151110111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>Cheniere Energy Partners LP 5.25% 10/01/2025</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP 5.25% 10/01/2025</title>
        <cusip>16411QAB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="918724"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1238988.00000000</valUSD>
        <pctVal>0.578141113974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLCARE HEALTH PLANS INC 5.25% 04/01/2025</name>
        <lei>529900JCT1MMTWHZ5P23</lei>
        <title>WELLCARE HEALTH PLANS INC 5.25% 04/01/2025</title>
        <cusip>94946TAC0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="661729"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1153614.00000000</valUSD>
        <pctVal>0.538303585714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>CLOUD CRANE LLC 10.125% 08/01/2024 144A</name>
        <lei>N/A</lei>
        <title>CLOUD CRANE LLC 10.125% 08/01/2024 144A</title>
        <cusip>18911YAA3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="640739"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>310497.00000000</valUSD>
        <pctVal>0.144885246237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.12500000</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>Sunoco LP / Sunoco Finance Corp 4.875% 01/15/2023</name>
        <lei>N/A</lei>
        <title>Sunoco LP / Sunoco Finance Corp 4.875% 01/15/2023</title>
        <cusip>86765LAJ6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="942191"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>717790.50000000</valUSD>
        <pctVal>0.334938029480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</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>ALLIANT ENERGY CORP COM USD.01</name>
        <lei>5493009ML300G373MZ12</lei>
        <title>ALLIANT ENERGY CORP COM USD.01</title>
        <cusip>018802108</cusip>
        <identifiers>
          <ticker value="LNT"/>
          <other otherDesc="Internal Identifier" value="14101"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4240000.00000000</valUSD>
        <pctVal>1.978484314014</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>Archrock Partners LP / Archrock Partners Finance Corp 6.875% 04/01/2027 144A</name>
        <lei>N/A</lei>
        <title>Archrock Partners LP / Archrock Partners Finance Corp 6.875% 04/01/2027 144A</title>
        <cusip>03959KAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="967109"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412771.00000000</valUSD>
        <pctVal>0.192608714334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>REYNOLDS GROUP ISSUER INC/LLC/SA 5.75% 10/15/2020</name>
        <lei>N/A</lei>
        <title>REYNOLDS GROUP ISSUER INC/LLC/SA 5.75% 10/15/2020</title>
        <cusip>761735AP4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="681506"/>
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        <balance>484553.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485741.01000000</valUSD>
        <pctVal>0.226658247395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amplify Energy Corp WTS EXP 04/21/2020</name>
        <lei>J0TW5YQRAZXYN7VEU787</lei>
        <title>Amplify Energy Corp WTS EXP 04/21/2020</title>
        <cusip>03212B111</cusip>
        <identifiers>
          <ticker value="MPPWW"/>
          <other otherDesc="Internal Identifier" value="649003"/>
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        <balance>2365.00000000</balance>
        <units>OU</units>
        <descOthUnits>Warrants</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="WARRANTS TO EQUITY"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANCHEZ ENERGY CORP 6.125% 01/15/2023 *DEFAULT*</name>
        <lei>549300SB0HTIM17TVR61</lei>
        <title>SANCHEZ ENERGY CORP 6.125% 01/15/2023 *DEFAULT*</title>
        <cusip>79970YAD7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="597640"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4000.00000000</valUSD>
        <pctVal>0.001866494635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>Y</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>Teva Pharmaceutical Finance Netherlands III BV 7.125% 01/31/2025 144A</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV 7.125% 01/31/2025 144A</title>
        <cusip>88167AAM3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1024414"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>918000.00000000</valUSD>
        <pctVal>0.428360518930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CMS ENERGY CORP COM USD.01</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS ENERGY CORP COM USD.01</title>
        <cusip>125896100</cusip>
        <identifiers>
          <ticker value="CMS"/>
          <other otherDesc="Internal Identifier" value="7077"/>
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        <balance>90000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5517000.00000000</valUSD>
        <pctVal>2.574362726513</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>GOLDEN NUGGET INC 6.75% 10/15/2024 144A</name>
        <lei>N/A</lei>
        <title>GOLDEN NUGGET INC 6.75% 10/15/2024 144A</title>
        <cusip>38113YAE9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="675849"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1138489.00000000</valUSD>
        <pctVal>0.531245902872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>Univar Solutions USA Inc 5.125% 12/01/2027 144A</name>
        <lei>N/A</lei>
        <title>Univar Solutions USA Inc 5.125% 12/01/2027 144A</title>
        <cusip>91337CAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1023714"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>512600.00000000</valUSD>
        <pctVal>0.239191287585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>TENET HEALTHCARE CORP 8.125% 04/01/2022</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP 8.125% 04/01/2022</title>
        <cusip>88033GCE8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="562555"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1095000.00000000</valUSD>
        <pctVal>0.510952906567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SP 4.738% 09/20/2029 144A</name>
        <lei>N/A</lei>
        <title>SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SP 4.738% 09/20/2029 144A</title>
        <cusip>85208NAD2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686670"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1382290.00000000</valUSD>
        <pctVal>0.645009217551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.73800000</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>Chaparral Energy Inc COM USD 0.01 CL A</name>
        <lei>V5IUQSDP5WPR92NJWH73</lei>
        <title>Chaparral Energy Inc COM USD 0.01 CL A</title>
        <cusip>15942R208</cusip>
        <identifiers>
          <ticker value="CHAP"/>
          <other otherDesc="Internal Identifier" value="804520"/>
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        <balance>5868.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6337.44000000</valUSD>
        <pctVal>0.002957199441</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>JAGUAR HOLDING CO II/PHARMACEUTICAL PRODUCT DEVE 6.375% 08/01/2023 144A</name>
        <lei>N/A</lei>
        <title>JAGUAR HOLDING CO II/PHARMACEUTICAL PRODUCT DEVE 6.375% 08/01/2023 144A</title>
        <cusip>47010DAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="609894"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726243.00000000</valUSD>
        <pctVal>0.338882165958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-37 10/17/2044 2019-37 PT 144A</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-37 10/17/2044 2019-37 PT 144A</title>
        <cusip>21054QAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1009078"/>
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        <balance>957118.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>910755.70000000</valUSD>
        <pctVal>0.424980157157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>20.088366</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>WellCare Health Plans Inc 5.375% 08/15/2026 144A</name>
        <lei>529900JCT1MMTWHZ5P23</lei>
        <title>WellCare Health Plans Inc 5.375% 08/15/2026 144A</title>
        <cusip>94946TAD8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="921978"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533661.25000000</valUSD>
        <pctVal>0.249018965123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>SEMPRA ENERGY COM USD NPV</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA ENERGY COM USD NPV</title>
        <cusip>816851109</cusip>
        <identifiers>
          <ticker value="SRE"/>
          <other otherDesc="Internal Identifier" value="36700"/>
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        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6627150.00000000</valUSD>
        <pctVal>3.092384981514</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>CALIFORNIA RESOURCES CORP 5.50% 09/15/2021</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CALIFORNIA RESOURCES CORP 5.50% 09/15/2021</title>
        <cusip>13057QAD9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="601481"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2650.00000000</valUSD>
        <pctVal>0.001236552696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>DISH DBS CORP 7.75% 07/01/2026</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP 7.75% 07/01/2026</title>
        <cusip>25470XAY1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="647176"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1141250.00000000</valUSD>
        <pctVal>0.532534250794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>AMERICAN ELECTRIC POWER CO INC COM USD6.5</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>AMERICAN ELECTRIC POWER CO INC COM USD6.5</title>
        <cusip>025537101</cusip>
        <identifiers>
          <ticker value="AEP"/>
          <other otherDesc="Internal Identifier" value="11373"/>
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        <balance>65000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5937750.00000000</valUSD>
        <pctVal>2.770694631023</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEC ENERGY GROUP INC COM USD.01</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC ENERGY GROUP INC COM USD.01</title>
        <cusip>92939U106</cusip>
        <identifiers>
          <ticker value="WEC"/>
          <other otherDesc="Internal Identifier" value="30501"/>
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        <balance>35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3102750.00000000</valUSD>
        <pctVal>1.447816557855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Party City Holdings Inc 6.625% 08/01/2026 144A</name>
        <lei>5493005PYM1JS6EZN307</lei>
        <title>Party City Holdings Inc 6.625% 08/01/2026 144A</title>
        <cusip>702150AD5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="919737"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1023948.25000000</valUSD>
        <pctVal>0.477798479006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</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>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP 5.25% 08/01/2026</name>
        <lei>N/A</lei>
        <title>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP 5.25% 08/01/2026</title>
        <cusip>55342UAG9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="640587"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319509.75000000</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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>CHENIERE CORPUS CHRISTI HLDGS LLC 7.00% 06/30/2024</name>
        <lei>549300I7CIEWU1BBLQ53</lei>
        <title>CHENIERE CORPUS CHRISTI HLDGS LLC 7.00% 06/30/2024</title>
        <cusip>16412XAD7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665727"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>689904.00000000</valUSD>
        <pctVal>0.321925528815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>GOLDEN NUGGET INC 8.75% 10/01/2025 144A</name>
        <lei>N/A</lei>
        <title>GOLDEN NUGGET INC 8.75% 10/01/2025 144A</title>
        <cusip>38113YAC3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="674336"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>637494.00000000</valUSD>
        <pctVal>0.297469782848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</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>NORTHWEST ACQUISITIONS ULC / DOMINION FINCO INC 7.125% 11/01/2022 144A</name>
        <lei>N/A</lei>
        <title>NORTHWEST ACQUISITIONS ULC / DOMINION FINCO INC 7.125% 11/01/2022 144A</title>
        <cusip>66727WAA0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="676181"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262000.00000000</valUSD>
        <pctVal>0.122255398649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</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>SCE Trust II PRF USD 5.10% *SCE G*</name>
        <lei>N/A</lei>
        <title>SCE Trust II PRF USD 5.10% *SCE G*</title>
        <cusip>78407R204</cusip>
        <identifiers>
          <ticker value="EIX"/>
          <other otherDesc="Internal Identifier" value="960428"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1216500.00000000</valUSD>
        <pctVal>0.567647681131</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roan Resources Inc COM USD 0.0010</name>
        <lei>N/A</lei>
        <title>Roan Resources Inc COM USD 0.0010</title>
        <cusip>769755109</cusip>
        <identifiers>
          <ticker value="ROAN"/>
          <other otherDesc="Internal Identifier" value="933592"/>
        </identifiers>
        <balance>5272.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8013.44000000</valUSD>
        <pctVal>0.003739260693</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOWNSTREAM DEV AUTH OF QUAPAW TRIBE OF THE OKLAH 10.50% 02/15/2023 144A</name>
        <lei>549300NM30NX0VZ5ZB32</lei>
        <title>DOWNSTREAM DEV AUTH OF QUAPAW TRIBE OF THE OKLAH 10.50% 02/15/2023 144A</title>
        <cusip>26112TAJ5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="683419"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1575622.50000000</valUSD>
        <pctVal>0.735222736098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</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>SEALED AIR CORP 5.50% 09/15/2025 144A</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEALED AIR CORP 5.50% 09/15/2025 144A</title>
        <cusip>81211KAX8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="606368"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219083.00000000</valUSD>
        <pctVal>0.102229311077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Consumer Loan Underlying Bond Credit Trust 2019-SLCT5 FRN 09/15/2044 2019-S5 PT 144A</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Credit Trust 2019-SLCT5 FRN 09/15/2044 2019-S5 PT 144A</title>
        <cusip>21055CAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1005005"/>
        </identifiers>
        <balance>890222.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>811298.83000000</valUSD>
        <pctVal>0.378571228569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>18.85</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>MARTIN MIDSTREAM PARTNERS LP/MARTIN MIDSTREAM FI 7.25% 02/15/2021</name>
        <lei>N/A</lei>
        <title>MARTIN MIDSTREAM PARTNERS LP/MARTIN MIDSTREAM FI 7.25% 02/15/2021</title>
        <cusip>573334AD1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="554231"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>812772.00000000</valUSD>
        <pctVal>0.379258644544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>ENBRIDGE INC ORD USD NPV</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBRIDGE INC ORD USD NPV</title>
        <cusip>29250N105</cusip>
        <identifiers>
          <ticker value="ENB"/>
          <other otherDesc="Internal Identifier" value="235493"/>
        </identifiers>
        <balance>39360.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1495680.00000000</valUSD>
        <pctVal>0.697919674241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prestige Brands Inc 5.125% 01/15/2028 144A</name>
        <lei>549300JBVP4J6D42I235</lei>
        <title>Prestige Brands Inc 5.125% 01/15/2028 144A</title>
        <cusip>74112BAL9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1023711"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307875.00000000</valUSD>
        <pctVal>0.143661759004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>Studio City Finance Ltd 7.25% 02/11/2024 144A</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>Studio City Finance Ltd 7.25% 02/11/2024 144A</title>
        <cusip>86389QAB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="959370"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1369862.00000000</valUSD>
        <pctVal>0.639210018718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Springleaf Finance Corp 6.625% 01/15/2028</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>Springleaf Finance Corp 6.625% 01/15/2028</title>
        <cusip>85172FAQ2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="980686"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>775125.75000000</valUSD>
        <pctVal>0.361692013623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANCHEZ ENERGY CORP 7.75% 06/15/2021 *DEFAULT*</name>
        <lei>549300SB0HTIM17TVR61</lei>
        <title>SANCHEZ ENERGY CORP 7.75% 06/15/2021 *DEFAULT*</title>
        <cusip>79970YAB1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="579825"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32000.00000000</valUSD>
        <pctVal>0.014931957086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALCON RESOURCES CORP WTS EXP 10/08/2022 CL B</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>HALCON RESOURCES CORP WTS EXP 10/08/2022 CL B</title>
        <cusip>40537Q126</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1014175"/>
        </identifiers>
        <balance>728.00000000</balance>
        <units>OU</units>
        <descOthUnits>Warrants</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2275.73000000</valUSD>
        <pctVal>0.001061909459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="WARRANTS TO EQUITY"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCO Holdings LLC / CCO Holdings Capital Corp 5.375% 06/01/2029 144A</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp 5.375% 06/01/2029 144A</title>
        <cusip>1248EPCB7</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>1073775.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>QEP RESOURCES INC 5.375% 10/01/2022</name>
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          <other otherDesc="Internal Identifier" value="515472"/>
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        <curCd>USD</curCd>
        <valUSD>1372436.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DOWNSTREAM DEV AUTH OF QUAPAW TRIBE OF THE OKLAH ESCROW ACCOUNT REF SM#683419</name>
        <lei>549300NM30NX0VZ5ZB32</lei>
        <title>DOWNSTREAM DEV AUTH OF QUAPAW TRIBE OF THE OKLAH ESCROW ACCOUNT REF SM#683419</title>
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        <curCd>USD</curCd>
        <valUSD>18750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VISTRA ENERGY CORP ESCROW ACCOUNT USD NPV REF SM # 492176</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>VISTRA ENERGY CORP ESCROW ACCOUNT USD NPV REF SM # 492176</title>
        <cusip>882ESCAM8</cusip>
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          <other otherDesc="Internal Identifier" value="647506"/>
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        <curCd>USD</curCd>
        <valUSD>1400.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-26 FRN 08/15/2044 144A</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-26 FRN 08/15/2044 144A</title>
        <cusip>21055TAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998229"/>
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        <curCd>USD</curCd>
        <valUSD>957997.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>20.000001</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kaiser Aluminum Corp 4.625% 03/01/2028 144A</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminum Corp 4.625% 03/01/2028 144A</title>
        <cusip>483007AJ9</cusip>
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          <other otherDesc="Internal Identifier" value="1024435"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>514450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>EXELON CORP COM NPV</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>EXELON CORP COM NPV</title>
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          <ticker value="EXC"/>
          <other otherDesc="Internal Identifier" value="195688"/>
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        <curCd>USD</curCd>
        <valUSD>3552000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSC HOLDINGS LLC 6.75% 11/15/2021</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC 6.75% 11/15/2021</title>
        <cusip>126307AF4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="539633"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>754950.00000000</valUSD>
        <pctVal>0.352277531336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>
      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-SLCT6 FRN 10/17/2044 144A 2019-S6 PT</name>
        <lei>N/A</lei>
        <title>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-SLCT6 FRN 10/17/2044 144A 2019-S6 PT</title>
        <cusip>21056AAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1011686"/>
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        <balance>834712.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>773957.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.902474</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIRIUS XM RADIO INC 5.375% 04/15/2025 144A</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>SIRIUS XM RADIO INC 5.375% 04/15/2025 144A</title>
        <cusip>82967NAU2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="598669"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726243.00000000</valUSD>
        <pctVal>0.338882165958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Live Nation Entertainment Inc 4.75% 10/15/2027 144A</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment Inc 4.75% 10/15/2027 144A</title>
        <cusip>538034AR0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1013651"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>619515.00000000</valUSD>
        <pctVal>0.289080356084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DISH DBS CORP 5.875% 07/15/2022</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP 5.875% 07/15/2022</title>
        <cusip>25470XAJ4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="530689"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>733245.10000000</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>2022-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>WEATHERFORD INTERNATIONAL LTD/BERMUDA 7.75% 06/15/2021 *DEFAULT*</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>WEATHERFORD INTERNATIONAL LTD/BERMUDA 7.75% 06/15/2021 *DEFAULT*</title>
        <cusip>947075AJ6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="637029"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157500.00000000</valUSD>
        <pctVal>0.073493226287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Aker BP ASA 4.75% 06/15/2024 144A</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>Aker BP ASA 4.75% 06/15/2024 144A</title>
        <cusip>00973RAD5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990259"/>
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        <curCd>USD</curCd>
        <valUSD>522500.00000000</valUSD>
        <pctVal>0.243810861809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>VERTIV GROUP CORP 9.25% 10/15/2024 144A</name>
        <lei>549300ZT8RQ5VK10E643</lei>
        <title>VERTIV GROUP CORP 9.25% 10/15/2024 144A</title>
        <cusip>220517AA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="647257"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1674500.00000000</valUSD>
        <pctVal>0.781361316938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FMG RESOURCES AUGUST 2006 PTY LTD 4.75% 05/15/2022 144A</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG RESOURCES AUGUST 2006 PTY LTD 4.75% 05/15/2022 144A</title>
        <cusip>30251GAU1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="665771"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>827000.00000000</valUSD>
        <pctVal>0.385897765964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 6.75% 10/15/2027 144A</name>
        <lei>N/A</lei>
        <title>Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 6.75% 10/15/2027 144A</title>
        <cusip>01883LAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1013649"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1907680.50000000</valUSD>
        <pctVal>0.890168855047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>
      <invstOrSec>
        <name>Gray Television Inc 7% 05/15/2027 144A</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television Inc 7% 05/15/2027 144A</title>
        <cusip>389284AA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="941753"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554911.25000000</valUSD>
        <pctVal>0.258934717876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BBA US Holdings Inc 5.375% 05/01/2026 144A</name>
        <lei>213800CSNQ87U1MC8N11</lei>
        <title>BBA US Holdings Inc 5.375% 05/01/2026 144A</title>
        <cusip>05545MAA0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="871275"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>526901.25000000</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>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAE FUNDING LLC 4.50% 08/01/2022 144A</name>
        <lei>635400SZTPQL3Y1P2C76</lei>
        <title>DAE FUNDING LLC 4.50% 08/01/2022 144A</title>
        <cusip>23371DAA2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="670704"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>716625.00000000</valUSD>
        <pctVal>0.334394179606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tenet Healthcare Corp 6.25% 02/01/2027 144A</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp 6.25% 02/01/2027 144A</title>
        <cusip>88033GCX6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="956896"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1071250.00000000</valUSD>
        <pctVal>0.499870594667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>Rain CII Carbon LLC / CII Carbon Corp 7.25% 04/01/2025 144A</name>
        <lei>N/A</lei>
        <title>Rain CII Carbon LLC / CII Carbon Corp 7.25% 04/01/2025 144A</title>
        <cusip>75079RAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="914301"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>872991.00000000</valUSD>
        <pctVal>0.407358254664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 5.125% 10/01/2029 144A</name>
        <lei>N/A</lei>
        <title>Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 5.125% 10/01/2029 144A</title>
        <cusip>983133AA7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1010651"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742437.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>24 HOUR FITNESS WORLDWIDE INC 8.00% 06/01/2022 144A</name>
        <lei>N/A</lei>
        <title>24 HOUR FITNESS WORLDWIDE INC 8.00% 06/01/2022 144A</title>
        <cusip>90132BAA5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="577004"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877500.00000000</valUSD>
        <pctVal>0.409462260742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>VIRGIN MEDIA SECURED FINANCE PLC 5.50% 08/15/2026 144A</name>
        <lei>213800X3RLP4NOTPY579</lei>
        <title>VIRGIN MEDIA SECURED FINANCE PLC 5.50% 08/15/2026 144A</title>
        <cusip>92769XAM7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="631817"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210250.00000000</valUSD>
        <pctVal>0.098107624297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>ASHTON WOODS USA LLC 6.75% 08/01/2025 144A</name>
        <lei>N/A</lei>
        <title>ASHTON WOODS USA LLC 6.75% 08/01/2025 144A</title>
        <cusip>045086AF2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="671037"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1523125.05000000</valUSD>
        <pctVal>0.710726183893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>Clearway Energy Operating LLC/DE 5.00% 09/15/2026</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>Clearway Energy Operating LLC/DE 5.00% 09/15/2026</title>
        <cusip>62943WAE9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="668924"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726493.25000000</valUSD>
        <pctVal>0.338998938528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>WEATHERFORD INTERNATIONAL LTD/BERMUDA 5.125% 09/15/2020 *DEFAULT*</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>WEATHERFORD INTERNATIONAL LTD/BERMUDA 5.125% 09/15/2020 *DEFAULT*</title>
        <cusip>94707VAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="617409"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53000.00000000</valUSD>
        <pctVal>0.024731053925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>Y</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>B&amp;G FOODS INC 5.25% 04/01/2025</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G FOODS INC 5.25% 04/01/2025</title>
        <cusip>05508RAE6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="663320"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1215000.00000000</valUSD>
        <pctVal>0.566947745643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>EVERGY INC COM USD NPV</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>EVERGY INC COM USD NPV</title>
        <cusip>30034W106</cusip>
        <identifiers>
          <ticker value="EVRG"/>
          <other otherDesc="Internal Identifier" value="876117"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5061600.00000000</valUSD>
        <pctVal>2.361862312220</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>
        <name>MSCI Inc 5.375% 05/15/2027 144A</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI Inc 5.375% 05/15/2027 144A</title>
        <cusip>55354GAF7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="874658"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>536786.25000000</valUSD>
        <pctVal>0.250477164057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>VERSO CORP WTS EXP 07/25/2023</name>
        <lei>549300FODXCTQ8DGT594</lei>
        <title>VERSO CORP WTS EXP 07/25/2023</title>
        <cusip>92531L116</cusip>
        <identifiers>
          <ticker value="VRSZW"/>
          <other otherDesc="Internal Identifier" value="639882"/>
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        <balance>350.00000000</balance>
        <units>OU</units>
        <descOthUnits>Warrants</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>1058.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="WARRANTS TO EQUITY"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Altice Luxembourg SA 10.5% 05/15/2027 144A</name>
        <lei>2221006ZDZREFLFIFQ42</lei>
        <title>Altice Luxembourg SA 10.5% 05/15/2027 144A</title>
        <cusip>02156DAA7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="980313"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1925250.00000000</valUSD>
        <pctVal>0.898367199423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA RESOURCES CORP 8.00% 12/15/2022 144A</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CALIFORNIA RESOURCES CORP 8.00% 12/15/2022 144A</title>
        <cusip>13057QAG2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="620024"/>
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        <balance>515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146775.00000000</valUSD>
        <pctVal>0.068488687544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>BHP Group PLC SPONSORED ADR</name>
        <lei>549300C116EOWV835768</lei>
        <title>BHP Group PLC SPONSORED ADR</title>
        <cusip>05545E209</cusip>
        <identifiers>
          <ticker value="BBL"/>
          <other otherDesc="Internal Identifier" value="212927"/>
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        <balance>25185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1118717.70000000</valUSD>
        <pctVal>0.522020146523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Centene Corp 4.625% 12/15/2029 144A</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp 4.625% 12/15/2029 144A</title>
        <cusip>15135BAS0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1024899"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210250.00000000</valUSD>
        <pctVal>0.098107624297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy Partners LP 4.5% 10/01/2029 144A</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP 4.5% 10/01/2029 144A</title>
        <cusip>16411QAE1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1007403"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1209390.00000000</valUSD>
        <pctVal>0.564329986916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRESTWOOD MIDSTREAM PARTNERS LP/FINANCE CORP 6.25% 04/01/2023</name>
        <lei>N/A</lei>
        <title>CRESTWOOD MIDSTREAM PARTNERS LP/FINANCE CORP 6.25% 04/01/2023</title>
        <cusip>226373AL2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="640087"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502495.00000000</valUSD>
        <pctVal>0.234476055511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO 5.00% 01/01/2168 PERP *FORMERLY FIXED*</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 5.00% 01/01/2168 PERP *FORMERLY FIXED*</title>
        <cusip>48127FAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="577971"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1105775.00000000</valUSD>
        <pctVal>0.515980776492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.41863000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OWENS-BROCKWAY GLASS CONTAINER INC 5.00% 01/15/2022 144A</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
        <title>OWENS-BROCKWAY GLASS CONTAINER INC 5.00% 01/15/2022 144A</title>
        <cusip>690872AA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="592326"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1037493.00000000</valUSD>
        <pctVal>0.484118779811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TALEN ENERGY SUPPLY LLC 6.50% 06/01/2025</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>TALEN ENERGY SUPPLY LLC 6.50% 06/01/2025</title>
        <cusip>87422VAA6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="624121"/>
        </identifiers>
        <balance>2100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1590750.00000000</valUSD>
        <pctVal>0.742281585499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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>Manitowoc Co Inc/The 9% 04/01/2026 144A</name>
        <lei>2RTSLGQ89VMY18RHX631</lei>
        <title>Manitowoc Co Inc/The 9% 04/01/2026 144A</title>
        <cusip>563571AL2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="967939"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017372.50000000</valUSD>
        <pctVal>0.474730078481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALCON RESOURCES CORP WTS EXP 10/08/2022 CL C</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>HALCON RESOURCES CORP WTS EXP 10/08/2022 CL C</title>
        <cusip>40537Q142</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1014176"/>
        </identifiers>
        <balance>937.00000000</balance>
        <units>OU</units>
        <descOthUnits>Warrants</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2235.16000000</valUSD>
        <pctVal>0.001042978537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="WARRANTS TO EQUITY"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEEKLEY HOMES LLC/WEEKLEY FINANCE CORP 6.625% 08/15/2025</name>
        <lei>N/A</lei>
        <title>WEEKLEY HOMES LLC/WEEKLEY FINANCE CORP 6.625% 08/15/2025</title>
        <cusip>94856UAA9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="925169"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1127956.50000000</valUSD>
        <pctVal>0.526331189184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DTE ENERGY CO COM NPV</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE ENERGY CO COM NPV</title>
        <cusip>233331107</cusip>
        <identifiers>
          <ticker value="DTE"/>
          <other otherDesc="Internal Identifier" value="42192"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3748200.00000000</valUSD>
        <pctVal>1.748998798535</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Americas Inc 9.25% 04/01/2026 144A</name>
        <lei>KOO0397YRO83WY5MGD97</lei>
        <title>Bausch Health Americas Inc 9.25% 04/01/2026 144A</title>
        <cusip>91911XAV6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686506"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1606129.00000000</valUSD>
        <pctVal>0.749457790750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENNANT CO 5.625% 05/01/2025</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>TENNANT CO 5.625% 05/01/2025</title>
        <cusip>880345AB9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="684182"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1672664.00000000</valUSD>
        <pctVal>0.780504595900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>WYNN LAS VEGAS LLC/CAPITAL CORP 5.50% 03/01/2025 144A</name>
        <lei>N/A</lei>
        <title>WYNN LAS VEGAS LLC/CAPITAL CORP 5.50% 03/01/2025 144A</title>
        <cusip>983130AV7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="613652"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1389362.00000000</valUSD>
        <pctVal>0.648309180067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Cheniere Energy Partners LP 5.625% 10/01/2026</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP 5.625% 10/01/2026</title>
        <cusip>16411QAD3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="999465"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>738047.80000000</valUSD>
        <pctVal>0.344390564927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>COMPRESSCO PARTNERS LP/FINANCE CORP 7.25% 08/15/2022</name>
        <lei>N/A</lei>
        <title>COMPRESSCO PARTNERS LP/FINANCE CORP 7.25% 08/15/2022</title>
        <cusip>20467BAB5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="608575"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1163500.00000000</valUSD>
        <pctVal>0.542916627206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALCON RESOURCES CORP COM USD NPV</name>
        <lei>3XHTN2NNIMMPORDAMJ28</lei>
        <title>HALCON RESOURCES CORP COM USD NPV</title>
        <cusip>40537Q803</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1014173"/>
        </identifiers>
        <balance>121.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2404.43000000</valUSD>
        <pctVal>0.001121963924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POST HOLDINGS INC 5.00% 08/15/2026 144A</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST HOLDINGS INC 5.00% 08/15/2026 144A</title>
        <cusip>737446AK0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="641320"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841842.00000000</valUSD>
        <pctVal>0.392823394311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-42 FRN 11/15/2044 144A 2019-42</name>
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      <invstOrSec>
        <name>PUBLIC SERVICE ENTERPRISE GROUP INC COM NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Credit Trust 2019-SLCT4 FRN 08/15/2044 2019-S4 PT 144A</name>
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      <invstOrSec>
        <name>United Rentals North America Inc 5.25% 01/15/2030</name>
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          <other otherDesc="Internal Identifier" value="978867"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Chaparral Energy Inc COM USD NPV CL A 144A </name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WEST CORP 8.50% 10/15/2025 144A</name>
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        <name>T-MOBILE USA INC ESRW USD NPV REF SM#564912</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC ESRW USD NPV REF SM#564912</title>
        <cusip>87299ATP9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>PARK AEROSPACE HOLDINGS LTD 5.50% 02/15/2024 144A</name>
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          <other otherDesc="Internal Identifier" value="658444"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>JELD-WEN INC 4.875% 12/15/2027 144A</name>
        <lei>549300XWE6NM0N1HFW16</lei>
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        <cusip>475795AD2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="680415"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>BLOCK COMMUNICATIONS INC 6.875% 02/15/2025 144A</name>
        <lei>M5G68A9OHJWIL4SFC742</lei>
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        <cusip>093645AH2</cusip>
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        <name>AKER BP ASA 5.875% 03/31/2025 144A</name>
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        <cusip>00973RAC7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>T-MOBILE USA INC 6.00% 04/15/2024</name>
        <lei>549300V2JRLO5DIFGE82</lei>
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        <name>DUKE ENERGY CORP COM USD.001</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY CORP COM USD.001</title>
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          <ticker value="DUK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>WEATHERFORD INTERNATIONAL LTD/BERMUDA 4.50% 04/15/2022 *DEFAULT*</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>WEATHERFORD INTERNATIONAL LTD/BERMUDA 4.50% 04/15/2022 *DEFAULT*</title>
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          <other otherDesc="Internal Identifier" value="517904"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Horizon Pharma USA Inc 5.5% 08/01/2027 144A</name>
        <lei>N/A</lei>
        <title>Horizon Pharma USA Inc 5.5% 08/01/2027 144A</title>
        <cusip>44055PAA4</cusip>
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          <other otherDesc="Internal Identifier" value="997409"/>
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        <valUSD>1583216.25000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SOUTH32 LTD UNSPONSORED ADR</name>
        <lei>213800LAZNPXSBKVHR17</lei>
        <title>SOUTH32 LTD UNSPONSORED ADR</title>
        <cusip>84473L105</cusip>
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          <ticker value="SOUHY"/>
          <other otherDesc="Internal Identifier" value="603498"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Digicel Ltd 6.75% 03/01/2023 144A</name>
        <lei>N/A</lei>
        <title>Digicel Ltd 6.75% 03/01/2023 144A</title>
        <cusip>25380QAH2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="598072"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152002.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <name>LAMB WESTON HOLDINGS INC 4.625% 11/01/2024 144A</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>LAMB WESTON HOLDINGS INC 4.625% 11/01/2024 144A</title>
        <cusip>513272AA2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="651895"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>741118.00000000</valUSD>
        <pctVal>0.345823192885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Viper Energy Partners LP 5.375% 11/01/2027 144A</name>
        <lei>5299009LINL232255G03</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Riviera Resources Inc COM USD 0.01</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEDNAX Inc 6.25% 01/15/2027 144A</name>
        <lei>N/A</lei>
        <title>MEDNAX Inc 6.25% 01/15/2027 144A</title>
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          <other otherDesc="Internal Identifier" value="942202"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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      <invstOrSec>
        <name>TransDigm Inc 6.25% 03/15/2026 144A</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm Inc 6.25% 03/15/2026 144A</title>
        <cusip>893647BE6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="959568"/>
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        <curCd>USD</curCd>
        <valUSD>1828560.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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      <invstOrSec>
        <name>Nexstar Broadcasting Inc 5.625% 07/15/2027 144A</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Broadcasting Inc 5.625% 07/15/2027 144A</title>
        <cusip>65343HAA9</cusip>
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          <other otherDesc="Internal Identifier" value="992526"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Bausch Health Cos Inc 7.00% 03/15/2024 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 7.00% 03/15/2024 144A</title>
        <cusip>91911KAK8</cusip>
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          <other otherDesc="Internal Identifier" value="661871"/>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-15</maturityDt>
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        <name>NETFLIX INC 5.875% 02/15/2025</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC 5.875% 02/15/2025</title>
        <cusip>64110LAL0</cusip>
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          <other otherDesc="Internal Identifier" value="625503"/>
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        <valUSD>878200.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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      <invstOrSec>
        <name>TOLL BROS FINANCE CORP 5.625% 01/15/2024</name>
        <lei>N/A</lei>
        <title>TOLL BROS FINANCE CORP 5.625% 01/15/2024</title>
        <cusip>88947EAQ3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="564241"/>
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        <valUSD>768540.50000000</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>2024-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>POST HOLDINGS INC 5.625% 01/15/2028 144A</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST HOLDINGS INC 5.625% 01/15/2028 144A</title>
        <cusip>737446AN4</cusip>
        <identifiers>
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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>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-SLCT7 12/15/2044 2019-S7 PT 144A</name>
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        <title>Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-SLCT7 12/15/2044 2019-S7 PT 144A</title>
        <cusip>21050KAA8</cusip>
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          <other otherDesc="Internal Identifier" value="1019859"/>
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        <valUSD>668841.41000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CATALENT PHARMA SOLUTIONS INC 4.875% 01/15/2026 144A</name>
        <lei>549300HALRZ339MSTH85</lei>
        <title>CATALENT PHARMA SOLUTIONS INC 4.875% 01/15/2026 144A</title>
        <cusip>14879EAD0</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>723868.25000000</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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        <name>JELD-WEN INC 4.625% 12/15/2025 144A</name>
        <lei>549300XWE6NM0N1HFW16</lei>
        <title>JELD-WEN INC 4.625% 12/15/2025 144A</title>
        <cusip>475795AC4</cusip>
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        <valUSD>303750.00000000</valUSD>
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        <invCountry>US</invCountry>

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        <name>CSC HOLDINGS LLC 5.50% 04/15/2027 144A</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC 5.50% 04/15/2027 144A</title>
        <cusip>126307AQ0</cusip>
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          <other otherDesc="Internal Identifier" value="645303"/>
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        <valUSD>533036.25000000</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>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Qorvo Inc 5.5% 07/15/2026</name>
        <lei>254900YAUJV2EUEVBR11</lei>
        <title>Qorvo Inc 5.5% 07/15/2026</title>
        <cusip>74736KAF8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="987332"/>
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        <curCd>USD</curCd>
        <valUSD>426249.60000000</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>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>NEWPAGE CORP ESCROW ACCOUNT 11.375% 12/31/14 *REF SM#459991*</name>
        <lei>NO9X1VSZ0FTLOJMCQD79</lei>
        <title>NEWPAGE CORP ESCROW ACCOUNT 11.375% 12/31/14 *REF SM#459991*</title>
        <cusip>651715AK0</cusip>
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          <other otherDesc="Internal Identifier" value="540331"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Stars Group Holdings BV / Stars Group US Co-Borrower LLC 7% 07/15/2026 144A</name>
        <lei>N/A</lei>
        <title>Stars Group Holdings BV / Stars Group US Co-Borrower LLC 7% 07/15/2026 144A</title>
        <cusip>85572NAA6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="879063"/>
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        <balance>1600000.00000000</balance>
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        <valUSD>1731716.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd 5.25% 05/15/2024 144A</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd 5.25% 05/15/2024 144A</title>
        <cusip>05401AAD3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="963588"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>544757.50000000</valUSD>
        <pctVal>0.254196737899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CCO HOLDINGS LLC/CAPITAL CORP 5.75% 02/15/2026 144A</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC/CAPITAL CORP 5.75% 02/15/2026 144A</title>
        <cusip>1248EPBM4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="634540"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>740972.75000000</valUSD>
        <pctVal>0.345755415798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETSMART INC 5.875% 06/01/2025 144A</name>
        <lei>N/A</lei>
        <title>PETSMART INC 5.875% 06/01/2025 144A</title>
        <cusip>716768AC0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="667030"/>
        </identifiers>
        <balance>251000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>246607.50000000</valUSD>
        <pctVal>0.115072893978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>Digicel Ltd 6.00% 04/15/2021 144A</name>
        <lei>N/A</lei>
        <title>Digicel Ltd 6.00% 04/15/2021 144A</title>
        <cusip>25380QAG4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="543353"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>365000.00000000</valUSD>
        <pctVal>0.170317635522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>POLARIS INTERMEDIATE CORP 8.50%/8.50% 12/01/2022 TOGG PIK 144A</name>
        <lei>N/A</lei>
        <title>POLARIS INTERMEDIATE CORP 8.50%/8.50% 12/01/2022 TOGG PIK 144A</title>
        <cusip>73107GAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="679125"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332897.40000000</valUSD>
        <pctVal>0.155337802848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</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>PPL CORP COM USD.01</name>
        <lei>9N3UAJSNOUXFKQLF3V18</lei>
        <title>PPL CORP COM USD.01</title>
        <cusip>69351T106</cusip>
        <identifiers>
          <ticker value="PPL"/>
          <other otherDesc="Internal Identifier" value="32752"/>
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        <balance>24500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>833735.00000000</valUSD>
        <pctVal>0.389040476307</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>Crown Americas LLC / Crown Americas Capital Corp VI 4.75% 02/01/2026</name>
        <lei>N/A</lei>
        <title>Crown Americas LLC / Crown Americas Capital Corp VI 4.75% 02/01/2026</title>
        <cusip>228187AB6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="955674"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>736118.25000000</valUSD>
        <pctVal>0.343490191246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Chesapeake Energy Corp 7.5% 10/01/2026</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Chesapeake Energy Corp 7.5% 10/01/2026</title>
        <cusip>165167DB0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="933760"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>746771.25000000</valUSD>
        <pctVal>0.348461133085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</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>INTERGEN NV 7.00% 06/30/2023 144A</name>
        <lei>549300E3XRGX2JMPEC79</lei>
        <title>INTERGEN NV 7.00% 06/30/2023 144A</title>
        <cusip>45867XAG9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="551509"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>390000.00000000</valUSD>
        <pctVal>0.181983226996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Camelot Finance SA 4.5% 11/01/2026 144A</name>
        <lei>N/A</lei>
        <title>Camelot Finance SA 4.5% 11/01/2026 144A</title>
        <cusip>13323AAB6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1018815"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>918743.40000000</valUSD>
        <pctVal>0.428707406958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>CDW LLC/FINANCE CORP 5.00% 09/01/2025</name>
        <lei>N/A</lei>
        <title>CDW LLC/FINANCE CORP 5.00% 09/01/2025</title>
        <cusip>12513GBC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="660802"/>
        </identifiers>
        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>731493.00000000</valUSD>
        <pctVal>0.341331940167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>TEGNA INC 5.125% 07/15/2020</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA INC 5.125% 07/15/2020</title>
        <cusip>364725BA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="582423"/>
        </identifiers>
        <balance>412000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>413442.00000000</valUSD>
        <pctVal>0.192921818810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digicel Group Two Ltd 8.25% 09/30/2022 144A</name>
        <lei>N/A</lei>
        <title>Digicel Group Two Ltd 8.25% 09/30/2022 144A</title>
        <cusip>25382FAB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="955391"/>
        </identifiers>
        <balance>437000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111070.11000000</valUSD>
        <pctVal>0.051827941129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</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>HighPoint Operating Corp 8.75% 06/15/2025</name>
        <lei>XE2KCQGOGYZ847CKN141</lei>
        <title>HighPoint Operating Corp 8.75% 06/15/2025</title>
        <cusip>06846NAF1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="670769"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1538500.00000000</valUSD>
        <pctVal>0.717900499318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</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>Bausch Health Cos Inc 6.125% 04/15/2025 144A</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos Inc 6.125% 04/15/2025 144A</title>
        <cusip>91831AAC5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="599700"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416988.00000000</valUSD>
        <pctVal>0.194576466304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>Diamond Sports Group LLC / Diamond Sports Finance Co 5.375% 08/15/2026 144A</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC / Diamond Sports Finance Co 5.375% 08/15/2026 144A</title>
        <cusip>25277LAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="998600"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>610124.40000000</valUSD>
        <pctVal>0.284698479952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>JPMORGAN CHASE &amp; CO 6.00% 2/1/2168 PERP</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO 6.00% 2/1/2168 PERP</title>
        <cusip>48126HAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="555481"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>965551.50000000</valUSD>
        <pctVal>0.450549173849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREEPORT-MCMORAN INC COM USD 0.10</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT-MCMORAN INC COM USD 0.10</title>
        <cusip>35671D857</cusip>
        <identifiers>
          <ticker value="FCX"/>
          <other otherDesc="Internal Identifier" value="34284"/>
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        <balance>80380.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>914724.40000000</valUSD>
        <pctVal>0.426832046473</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>
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      <invstOrSec>
        <name>NAVIENT CORP 6.50% 06/15/2022</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP 6.50% 06/15/2022</title>
        <cusip>63938CAF5</cusip>
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          <other otherDesc="Internal Identifier" value="661344"/>
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        <balance>500000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Clearway Energy Operating LLC 5.375% 08/15/2024</name>
        <lei>549300Z3NFMM54NWBB87</lei>
        <title>Clearway Energy Operating LLC 5.375% 08/15/2024</title>
        <cusip>62943WAB5</cusip>
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          <other otherDesc="Internal Identifier" value="607500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Diamond Sports Group LLC / Diamond Sports Finance Co 6.625% 08/15/2027 144A</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC / Diamond Sports Finance Co 6.625% 08/15/2027 144A</title>
        <cusip>25277LAC0</cusip>
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          <other otherDesc="Internal Identifier" value="998602"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Sunoco LP / Sunoco Finance Corp 6% 04/15/2027</name>
        <lei>N/A</lei>
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        <cusip>86765LAQ0</cusip>
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          <other otherDesc="Internal Identifier" value="995124"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CSC Holdings LLC 7.5% 04/01/2028 144A</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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          <other otherDesc="Internal Identifier" value="946842"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
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        <name>REYNOLDS GROUP ISSUER INC/LLC/SA 7.00% 07/15/2024 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UPGRADE 4002 MARKETPLACE LOANS</name>
        <lei>N/A</lei>
        <title>UPGRADE 4002 MARKETPLACE LOANS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Sec ID" value="982904"/>
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        <balance>47741.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47504.63000000</valUSD>
        <pctVal>0.022166784268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-20</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>26.532674</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEATHERFORD INTERNATIONAL LTD/BERMUDA 8.25% 06/15/2023 *DEFAULT*</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>WEATHERFORD INTERNATIONAL LTD/BERMUDA 8.25% 06/15/2023 *DEFAULT*</title>
        <cusip>947075AK3</cusip>
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          <other otherDesc="Internal Identifier" value="637028"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162000.00000000</valUSD>
        <pctVal>0.075593032752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
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  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
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<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>4002_FUT.htm
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<HEAD>
<!--Document created using ArcReporting-->
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<DIV
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<DIV
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<DIV
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<DIV
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(unaudited)<BR>
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<DIV
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text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;&#8199;&#8199;2,365
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text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;&#8199;&#8199;3,694
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;&#8199;35,093
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Birch Permian Holdings Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;&#8199;28,796
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;269,963
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Chaparral Energy Inc., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;&#8199;&#8199;5,868
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;6,337
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Chaparral Energy Inc., A, 144A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8201;&#8199;&#8199;&#8199;&#8199;214
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;&#8199;231
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Enbridge Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.18%;">Canada
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">39,360
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,495,680
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Goodrich Petroleum Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">19,379
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:28.56pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">190,302
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Halcon Resources Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:27.23pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">121
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:37.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,404
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Halcon Resources Corp., wts., 9/09/20</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">4,668
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.75pt;padding-left:45.02pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:12.42%;">&#8194;&#8212;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Halcon Resources Corp., wts., A, 10/08/20</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:27.23pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">583
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:37.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,222
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Halcon Resources Corp., wts., B, 10/08/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:27.23pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">728
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:37.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,276
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Halcon Resources Corp., wts., C, 10/08/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:27.23pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">937
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:37.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,235
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Riviera Resources Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">5,042
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:33.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">63,277
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Roan Resources Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">5,272
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:37.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">8,013
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.06%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:21.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,079,381
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Materials 1.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">BHP Group PLC, ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United Kingdom
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">25,185
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,118,718
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Freeport-McMoRan Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">80,380
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:28.56pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">914,724
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">South32 Ltd., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.18%;">Australia
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">10,074
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:33.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">91,371
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Verso Corp., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">3,330
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:33.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">61,472
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Verso Corp., wts., 7/25/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:27.23pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">350
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:37.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,059
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.06%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:21.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,187,344
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Utilities 39.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Alliant Energy Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">80,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">4,240,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">American Electric Power Co. Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">65,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">5,937,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">CenterPoint Energy Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:11.67pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">122,800
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,015,968
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">CMS Energy Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">90,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">5,517,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Consolidated Edison Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">40,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,475,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Dominion Energy Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">67,200
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">5,584,992
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">DTE Energy Co.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">30,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,748,200
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Duke Energy Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">46,060
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">4,061,110
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Edison International</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">36,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,487,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Entergy Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">30,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,491,700
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Evergy Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">80,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">5,061,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Exelon Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">80,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,552,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">FirstEnergy Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">40,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,907,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">NextEra Energy Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">30,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">7,014,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">NiSource Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">60,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,587,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Pinnacle West Capital Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">30,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,621,700
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">PPL Corp.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">24,500
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:28.56pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">833,735
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Public Service Enterprise Group Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">45,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,668,950
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Sempra Energy</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">45,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">6,627,150
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">The Southern Co.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">60,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,719,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">WEC Energy Group Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">35,000
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:21.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,102,750
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:29pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">Quarterly Statement of
Investments&nbsp;&nbsp;|&nbsp;&nbsp;See Notes to Statement of Investments.&nbsp;&nbsp;|&nbsp;&nbsp;1</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.81%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">Shares/Warrants
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Common Stocks and Other Equity Interests <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Utilities <FONT
style="font-weight:Normal;">(continued)</FONT>
</TD><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Xcel Energy Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;&#8199;60,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>3,689,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">83,945,805
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Total Common Stocks and Other Equity Interests (Cost $38,885,248)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">88,212,530
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">
</TD><TD
style="padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Preferred Stocks (Cost $1,087,500) 0.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:56.62%;">Utilities 0.6%
</TD><TD
style="line-height:0pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">SCE Trust II, 5.10%, pfd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">50,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,216,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;padding-top:3.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:3.75pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;padding-top:3.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Corporate Bonds 80.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Automobiles &amp; Components 1.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Adient U.S. LLC, senior secured note, 144A, 7.00%, 5/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">$1,900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">2,034,759
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Allison Transmission Inc., senior bond, 144A, 4.75%, 10/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">617,792
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">2,652,551
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Banks 1.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">JPMorgan Chase &amp; Co.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">junior sub. bond, R, 6.00% to 8/01/23, FRN thereafter, Perpetual</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;965,551
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">e</SUP> junior sub. bond, V, &#160;FRN, 5.419%, (3-month USD LIBOR + 3.32%), Perpetual</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,100,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,105,775
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">2,071,326
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Capital Goods 6.3%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">BBA U.S. Holdings Inc., senior note, 144A, 5.375%, 5/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">524,869
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Beacon Roofing Supply Inc., senior note, 144A, 4.875%, 11/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">971,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">BWX Technologies Inc., senior note, 144A, 5.375%, 7/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">634,709
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Cloud Crane LLC, secured note, second lien, 144A, 10.125%, 8/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">310,497
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">H&amp;E Equipment Services Inc., senior note, 5.625%, 9/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,054,165
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Harsco Corp., senior note, 144A, 5.75%, 7/31/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,582,537
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">HD Supply Inc., senior note, 144A, 5.375%, 10/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">636,209
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Jeld-Wen Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 144A, 4.875%, 12/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;302,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 4.625%, 12/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;303,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">The Manitowoc Co. Inc., secured note, second lien, 144A, 9.00%, 4/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,017,372
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">NCI Building Systems Inc., senior secured note, 144A, 8.00%, 4/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">915,772
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Tennant Co., senior note, 5.625%, 5/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,672,664
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">TransDigm Inc., senior secured note, 144A, 6.25%, 3/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,828,561
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Vertiv Group Corp., senior note, 144A, 9.25%, 10/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,674,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">13,429,105
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Commercial &amp; Professional Services 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">United Rentals North America Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 5.25%, 1/15/30</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,065,025
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, second lien, 3.875%, 11/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;606,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">West Corp., senior note, 144A, 8.50%, 10/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,800,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,444,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">3,116,275
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:33pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;2</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Statement of Investments
(unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.81%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Consumer Durables &amp; Apparel 2.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Ashton Woods USA LLC/Ashton Woods Finance Co.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.75%, 8/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">$1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>1,523,125
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 9.875%, 4/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;449,139
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Hanesbrands Inc., senior note, 144A, 4.625%, 5/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,054,990
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Taylor Morrison Communities Inc./Taylor Morrison Holdings II Inc., senior note, 144A, 5.625%, 3/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;646,749
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Toll Brothers Finance Corp., senior bond, 5.625%, 1/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;768,541
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Weekley Homes LLC/Weekley Finance Corp., senior note, 6.625%, 8/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,100,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,127,956
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">5,570,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Consumer Services 6.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">1011778 BC ULC/New Red Finance Inc., senior secured note, first lien, 144A, 4.25%, 5/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Canada
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">924,552
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">24 Hour Holdings III LLC, senior note, 144A, 8.00%, 6/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">877,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Boyne USA Inc., secured note, second lien, 144A, 7.25%, 5/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,631,872
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Downstream Development Authority of the Quapaw Tribe of Oklahoma, secured note, 144A, 10.50%, 2/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,575,622
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Golden Nugget Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.75%, 10/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,138,489
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 8.75%, 10/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;638,529
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 5.00%, 6/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;623,994
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 5.25%, 6/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;637,575
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Stars Group Holdings BV/Stars Group U.S. Co-Borrower LLC, senior note, 144A, 7.00%, 7/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Canada
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,731,716
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Studio City Finance Ltd., senior note, 144A, 7.25%, 2/11/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Macau
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,369,862
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., senior bond, 144A, 5.50%, 3/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,389,362
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., senior bond, 144A, 5.125%, 10/01/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">700,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">742,438
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">13,281,511
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Diversified Financials 2.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">FirstCash Inc., senior note, 144A, 5.375%, 6/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,143,081
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">HAT Holdings I LLC/HAT Holdings II LLC, senior note, 144A, 5.25%, 7/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">846,992
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">MSCI Inc., senior note, 144A, 5.375%, 5/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">537,049
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Navient Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 6.625%, 7/26/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;425,164
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 6.50%, 6/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;543,510
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 7.25%, 9/25/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;667,494
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Springleaf Finance Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 5.375%, 11/15/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;516,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 6.625%, 1/15/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;775,126
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">5,454,666
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Energy 9.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Aker BP ASA,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 4.75%, 6/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Norway
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;522,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 5.875%, 3/31/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Norway
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;528,489
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:43pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;3</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
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style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:55.95%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.15%;">Country
</TD><TD
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text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">Value
</TD></TR>
<TR
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style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
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style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Energy <FONT
style="font-weight:Normal;">(continued)</FONT>
</TD><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Archrock Partners LP/Archrock Partners Finance Corp., senior note, 144A, 6.875%, 4/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;$<FONT
style="padding-left:6.67pt;"></FONT>400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;$<FONT
style="padding-left:15.56pt;"></FONT>412,771
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">California Resources Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> secured note, second lien, 144A, 8.00%, 12/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;515,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;146,775
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior bond, 6.00%, 11/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;&#8199;15,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;2,850
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 5.50%, 9/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;&#8199;10,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;2,650
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Calumet Specialty Products Partners LP/Calumet Finance Corp., senior note, 7.75%, 4/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;772,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Cheniere Corpus Christi Holdings LLC,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior secured note, first lien, 7.00%, 6/30/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;689,904
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior secured note, first lien, 5.875%, 3/31/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8199;&#8199;1,120,200
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Cheniere Energy Partners LP,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior bond, 144A, 4.50%, 10/01/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8199;&#8199;1,209,390
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 5.625%, 10/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;738,048
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior secured note, first lien, 5.25%, 10/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8199;&#8199;1,238,988
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Chesapeake Energy Corp., senior note, 7.50%, 10/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">746,771
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 6.25%, 4/01/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;502,495
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 5.75%, 4/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;806,232
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">CSI Compressco LP/CSI Compressco Finance Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 7.25%, 8/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8199;&#8199;1,163,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior secured note, first lien, 144A, 7.50%, 4/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;&#8199;95,042
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Diamondback Energy Inc., senior note, 4.75%, 11/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">935,001
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Endeavor Energy Resources LP/EER Finance Inc., senior bond, 144A, 5.75%, 1/30/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">1,048,982
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c,f</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">EnQuest PLC, senior note, 144A, PIK, 7.00%, 4/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United Kingdom
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">588,666
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">505,973
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">HighPoint Operating Corp., senior note, 8.75%, 6/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">1,538,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Martin Midstream Partners LP/Martin Midstream Finance Corp., senior note, 7.25%, 2/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">812,772
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Murphy Oil USA Inc., senior bond, 4.75%, 9/15/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">1,269,867
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b,c,f,g</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Murray Energy Corp., secured note, 1.5 lien, 144A, PIK, 12.00%, 4/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">757,734
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:33.90pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">1,970
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">QEP Resources Inc., senior bond, 5.375%, 10/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">1,372,437
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">g</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Sanchez Energy Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 7.75%, 6/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;&#8199;32,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 6.125%, 1/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;4,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Sunoco LP/Sunoco Finance Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 4.875%, 1/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;717,791
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 6.00%, 4/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8199;&#8199;1,061,942
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Viper Energy Partners LP, senior note, 144A, 5.375%, 11/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">416,994
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">g</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Weatherford International Ltd.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior bond, 4.50%, 4/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;106,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 5.125%, 9/15/20</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;&#8199;53,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 7.75%, 6/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;157,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">senior note, 8.25%, 6/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.45%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.39%;">&#8201;&#8199;&#8199;&#8199;162,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:55.95%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">20,895,334
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;">Food &amp; Staples Retailing 0.3%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.15%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.45%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.39%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:55.95%;"><DIV
style="float:left;">Performance Food Group Inc., senior note, 144A, 5.50%, 10/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.15%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.45%;">700,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.39%;">745,517
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:39pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;4</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Statement of Investments
(unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.40%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.28%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.26%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Food, Beverage &amp; Tobacco 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">B&amp;G Foods Inc., senior note, 5.25%, 4/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">$1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>1,215,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">Lamb Weston Holdings Inc., senior note, 144A, 4.625%, 11/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;741,118
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Post Holdings Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior bond, 144A, 5.00%, 8/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;841,842
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior bond, 144A, 5.625%, 1/15/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;320,947
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.28%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">3,118,907
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Health Care Equipment &amp; Services 6.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">Catalent Pharma Solutions Inc., senior note, 144A, 4.875%, 1/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">723,868
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Centene Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">h</SUP> senior bond, 144A, 4.625%, 12/15/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;210,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 144A, 5.375%, 6/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8199;&#8199;1,808,418
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">CHS/Community Health Systems Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 6.875%, 2/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;175,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;136,938
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior note, 144A, 8.125%, 6/30/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;718,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;563,630
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior secured note, first lien, 6.25%, 3/31/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;594,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">HCA Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior bond, 5.875%, 2/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8199;&#8199;1,583,715
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior bond, 5.875%, 2/01/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;686,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">MEDNAX Inc., senior note, 144A, 6.25%, 1/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">1,632,040
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">MPH Acquisition Holdings LLC, senior note, 144A, 7.125%, 6/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">1,182,987
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c,f</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">Polaris Intermediate Corp., senior note, 144A, PIK, 8.50%, 12/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">332,897
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Tenet Healthcare Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 8.125%, 4/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8199;&#8199;1,095,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior note, second lien, 144A, 6.25%, 2/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8199;&#8199;1,071,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">WellCare Health Plans Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 5.25%, 4/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8199;&#8199;1,153,614
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior note, 144A, 5.375%, 8/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;534,826
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.28%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">13,309,683
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Household &amp; Personal Products 0.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Prestige Brands Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 144A, 6.375%, 3/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;939,366
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">h</SUP> senior note, 144A, 5.125%, 1/15/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;307,875
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.28%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">1,247,241
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Insurance 1.4%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, senior note, 144A, 6.75%, 10/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">1,907,680
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">CNO Financial Group Inc., senior note, 5.25%, 5/30/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">1,110,923
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.28%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">3,018,603
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">Materials 10.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">Crown Americas LLC/Crown Americas Capital Corp. VI, senior note, 4.75%, 2/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">736,118
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">Element Solutions Inc., senior note, 144A, 5.875%, 12/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.26%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">1,042,490
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">First Quantum Minerals Ltd., senior note, 144A, 7.25%, 4/01/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.26%;">Zambia
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.50%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.47%;">609,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.89%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;">FMG Resources (August 2006) Pty. Ltd.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.50%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.47%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 144A, 4.75%, 5/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.26%;">Australia
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;827,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.89%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.28%;"><DIV
style="float:left;">senior note, 144A, 5.125%, 3/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.26%;">Australia
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.50%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.47%;">&#8201;&#8199;&#8199;&#8199;418,996
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:29pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;5</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.81%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Materials <FONT
style="font-weight:Normal;">(continued)</FONT>
</TD><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Grinding Media Inc./MC Grinding Media Canada Inc., senior secured note, 144A, 7.375%, 12/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">$1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;$<FONT
style="padding-left:15.56pt;"></FONT>997,385
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Kaiser Aluminum Corp., senior note, 144A, 4.625%, 3/01/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;514,450
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Mauser Packaging Solutions Holding Co., senior note, 144A, 7.25%, 4/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,709,982
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Neon Holdings Inc., senior note, 144A, 10.125%, 4/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,211,847
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">New Enterprise Stone &amp; Lime Co., senior note, 144A, 6.25%, 3/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;945,313
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">New Gold Inc., senior note, 144A, 6.375%, 5/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Canada
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;456,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Northwest Acquisitions ULC/Dominion Finco Inc., secured note, second lien, 144A, 7.125%, 11/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Canada
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">262,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Novelis Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 144A, 5.875%, 9/30/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;524,911
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.25%, 8/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;737,821
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">OCI NV, senior note, 144A, 6.625%, 4/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Netherlands
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">523,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Owens-Brockway Glass Container Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 5.00%, 1/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,037,493
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 5.875%, 8/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;530,625
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Plastipak Holdings Inc., senior note, 144A, 6.25%, 10/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,436,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Rain CII Carbon LLC/CII Carbon Corp., senior note, second lien, 144A, 7.25%, 4/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">872,991
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:4.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-4pt;text-transform:none;vertical-align:top;width:56.62%;">Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Luxembourg SA,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior note, 144A, 7.00%, 7/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;207,375
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior secured note, first lien, 5.75%, 10/15/20</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;484,554
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;485,741
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior secured note, first lien, 144A, 5.125%, 7/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,024,990
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Sealed Air Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 144A, 5.50%, 9/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;219,083
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 4.00%, 12/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;604,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Steel Dynamics Inc., senior bond, 5.50%, 10/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">930,272
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., senior note, 144A, 7.50%, 6/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,542,733
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">TPC Group Inc., secured note, 144A, 10.50%, 8/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">604,494
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Trivium Packaging Finance BV, senior note, 144A, 8.50%, 8/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Netherlands
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,087,800
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Univar Solutions USA Inc., senior note, 144A, 5.125%, 12/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">500,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">512,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">22,614,510
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Media &amp; Entertainment 10.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Altice Luxembourg SA, first lien, 144A, 10.50%, 5/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Luxembourg
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,925,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">CCO Holdings LLC/CCO Holdings Capital Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 5.25%, 9/30/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,726,562
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior bond, 144A, 5.75%, 2/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;740,973
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior bond, 144A, 5.375%, 6/01/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,073,775
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Clear Channel Worldwide Holdings Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">first lien, senior secured note, 144A, 5.125%, 8/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,042,525
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior sub. note, 144A, 9.25%, 2/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;510,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;563,066
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">CSC Holdings LLC,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 5.25%, 6/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;754,243
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior bond, 144A, 5.50%, 4/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;533,036
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 6.75%, 11/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;754,950
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior note, 144A, 7.50%, 4/01/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;339,839
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<DIV
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<DIV
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</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust</DIV>
<DIV
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(unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.81%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Country
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text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">Value
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<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Media &amp; Entertainment <FONT
style="font-weight:Normal;">(continued)</FONT>
</TD><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">CSC Holdings LLC, (continued)
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP> senior secured note, first lien, 144A, 5.50%, 5/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">$1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>1,270,479
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Diamond Sports Group LLC/Diamond Sports Finance Co.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.625%, 8/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;684,065
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">first lien, 144A, 5.375%, 8/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;610,124
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">DISH DBS Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 5.875%, 7/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;733,245
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 7.75%, 7/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,139,875
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Gray Escrow Inc., senior note, 144A, 7.00%, 5/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">554,911
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">iHeartCommunications Inc., senior secured note, first lien, 144A, 5.25%, 8/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,029,975
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">LCPR Senior Secured Financing DAC, senior secured note, first lien, 144A, 6.75%, 10/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">930,375
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Live Nation Entertainment Inc., senior note, 144A, 4.75%, 10/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">619,515
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Netflix Inc., senior bond, 5.875%, 2/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">878,200
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Nexstar Broadcasting Inc., senior note, 144A, 5.625%, 8/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">940,491
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Nexstar Broadcasting Inc., senior note, 144A, 5.625%, 7/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,055,703
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Scripps Escrow Inc., senior note, 144A, 5.875%, 7/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">617,706
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Sirius XM Radio Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 144A, 5.375%, 4/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;727,092
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 4.625%, 7/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;630,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Tegna Inc., senior note, 5.125%, 7/15/20</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">412,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">413,442
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Univision Communications Inc., senior secured bond, first lien, 144A, 6.75%, 9/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">116,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">117,849
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Virgin Media Secured Finance PLC, senior secured bond, first lien, 144A, 5.50%, 8/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United Kingdom
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">210,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">WMG Acquisition Corp., secured note, first lien, 144A, 5.00%, 8/01/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">200,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">205,083
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">22,822,599
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Pharmaceuticals, Biotechnology &amp; Life Sciences 3.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Bausch Health Americas Inc., senior note, 144A, 9.25%, 4/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,606,129
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Bausch Health Cos. Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 144A, 6.125%, 4/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;416,988
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, first lien, 144A, 7.00%, 3/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;209,748
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Endo DAC/Endo Finance LLC/Endo Finco Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 144A, 6.00%, 2/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;500,248
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.00%, 7/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;819,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;534,390
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Horizon Pharma USA Inc., senior note, 144A, 5.50%, 8/01/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,583,216
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Jaguar Holding Co. II/Pharmaceutical Product Development LLC, senior note, 144A, 6.375%, 8/01/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">726,243
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Teva Pharmaceutical Finance Netherlands III BV, senior note, 144A, 7.125%, 1/31/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Israel
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">918,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">6,494,962
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Real Estate 0.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Five Point Operating Co. LP/Five Point Capital Corp., senior note, 144A, 7.875%, 11/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">981,660
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">MPT Operating Partnership LP/MPT Finance Corp., senior bond, 5.25%, 8/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">300,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">319,510
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,301,170
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:26pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;7</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:98.81%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Retailing 0.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Party City Holdings Inc., senior note, 144A, 6.625%, 8/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">$1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>1,023,948
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">PetSmart Inc., senior secured note, first lien, 144A, 5.875%, 6/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;251,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;246,608
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,270,556
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Semiconductors &amp; Semiconductor Equipment 0.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Amkor Technology Inc., senior note, 144A, 6.625%, 9/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,000,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,095,025
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Qorvo Inc., senior note, 5.50%, 7/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;426,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,521,275
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Software &amp; Services 1.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Camelot Finance SA, senior note, 144A, 4.50%, 11/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">918,743
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Infor (U.S.) Inc., senior note, 6.50%, 5/15/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,736,198
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">2,654,941
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Technology Hardware &amp; Equipment 2.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Blackboard Inc., secured note, second lien, 144A, 10.375%, 11/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,572,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">CDW LLC/CDW Finance Corp., senior note, 5.00%, 9/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">731,493
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">CommScope Technologies LLC, senior bond, 144A, 6.00%, 6/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,653,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Dell International LLC/EMC Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 5.875%, 6/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;132,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;134,145
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 7.125%, 6/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;211,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Tempo Acquisition LLC/Tempo Acquisition Finance Corp., senior note, 144A, 6.75%, 6/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,600,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,651,984
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">5,954,622
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Telecommunication Services 4.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Block Communications Inc., senior note, 144A, 6.875%, 2/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">313,122
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Digicel Group One Ltd., senior secured note, first lien, 144A, 8.25%, 12/30/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Jamaica
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">463,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">268,540
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Digicel Group Two Ltd., senior note, 144A, 8.25%, 9/30/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Bermuda
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">437,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">111,070
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Digicel Ltd.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.00%, 4/15/21</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Bermuda
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;365,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 144A, 6.75%, 3/01/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Bermuda
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;152,003
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">DKT Finance ApS, senior secured note, first lien, 144A, 9.375%, 6/17/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.38%;">Denmark
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,597,642
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Hughes Satellite Systems Corp., senior bond, 6.625%, 8/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,430,452
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">Sprint Corp.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 7.875%, 9/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8199;&#8199;1,322,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 7.125%, 6/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;540,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 7.625%, 3/01/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;656,235
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC, senior secured bond, first lien, 144A, 4.738%, 9/20/29</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.55%;">1,300,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">1,382,290
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;">T-Mobile USA Inc.,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.54%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 6.50%, 1/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;207,498
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 6.375%, 3/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;520,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior bond, 4.75%, 2/01/28</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;629,265
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.62%;"><DIV
style="float:left;">senior note, 6.00%, 4/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.38%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.55%;">&#8201;&#8199;200,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.54%;">&#8201;&#8199;&#8199;&#8199;207,415
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.62%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.38%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.55%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.21%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.54%;">9,702,782
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:74pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;8</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Statement of Investments
(unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.80%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.06%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.18%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Corporate Bonds <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Transportation 1.1%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Avolon Holdings Funding Ltd., senior note, 144A, 5.25%, 5/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.18%;">Ireland
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;$<FONT
style="padding-left:6.67pt;"></FONT>500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;$<FONT
style="padding-left:15.56pt;"></FONT>544,757
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">DAE Funding LLC,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">senior note, 144A, 4.50%, 8/01/22</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United Arab Emirates
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;716,625
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">senior note, 144A, 5.00%, 8/01/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United Arab Emirates
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;735,875
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Park Aerospace Holdings Ltd., senior note, 144A, 5.50%, 2/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.18%;">Ireland
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;300,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;329,046
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.06%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">2,326,303
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Utilities 3.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Calpine Corp., senior bond, 5.75%, 1/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">1,800,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,831,500
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Clearway Energy Operating LLC,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">senior bond, 5.375%, 8/15/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;900,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;924,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">senior bond, 5.00%, 9/15/26</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;726,493
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">senior note, 5.75%, 10/15/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;420,996
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Ferrellgas LP/Ferrellgas Finance Corp., senior note, 6.75%, 6/15/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">600,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">513,249
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">InterGen NV, secured bond, 144A, 7.00%, 6/30/23</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.18%;">Netherlands
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">390,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Talen Energy Supply LLC, senior note, 6.50%, 6/01/25</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">2,100,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,590,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Vistra Operations Co. LLC, senior note, 144A, 5.625%, 2/15/27</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">1,578,784
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:56.06%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">7,976,522
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Total Corporate Bonds (Cost $174,048,870)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">172,551,461
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.25pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Marketplace Loans 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Diversified Financials 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Lending Club, 10.33% - 25.65%, 06/14/22-11/25/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">3,162,800
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,123,572
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Upgrade, 24.29% - 29.69%, 11/12/22-11/18/24</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">47,741
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:29.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">47,540
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Total Marketplace Loans (Cost $3,210,541)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">3,171,112
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.25pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Asset-Backed Securities 3.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Diversified Financials 3.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c,e</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Consumer Loan Underlying Bond Certificate Issue, 2019-S7, PT, 144A, FRN, 13.66%, 12/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">723,784
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">668,847
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c,e</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Consumer Loan Underlying Bond CLUB Certificate Issuer Trust I,
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-26, PT, 144A, FRN, 18.609%, 8/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">1,030,934
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;958,567
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-31, PT, 144A, FRN, 17.311%, 9/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;934,829
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;863,650
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-37, PT, 144A, FRN, 17.766%, 10/17/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;957,119
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;911,102
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-42, PT, 144A, FRN, 17.575%, 11/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;898,823
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;855,167
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-S3, PT, 144A, FRN, 13.293%, 6/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;290,615
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;271,468
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-S4, PT, 144A, FRN, 10.179%, 8/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;943,985
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;882,360
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-S5, PT, 144A, FRN, 12.34%, 9/15/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;890,222
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;811,335
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-S6, PT, 144A, FRN, 10.816%, 10/17/44</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;834,712
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;774,008
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">2019-S8, PT, 144A, FRN, 11.541%, 1/15/45</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:8.46%;">&#8201;&#8199;795,174
</TD><TD
style="line-height:0pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.42%;">&#8201;&#8199;&#8199;&#8199;742,470
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Total Asset-Backed Securities (Cost $7,911,823)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">7,738,974
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;padding-top:3.75pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:3.75pt;text-align:left;vertical-align:top;width:56.06%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;padding-top:3.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">Shares
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.88%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;">Escrows and Litigation Trusts 0.0%<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">&#8224;</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.46%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.42%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">Downstream Development Authority of the Quapaw Tribe of Oklahoma, Escrow Account</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:29.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.42%;">18,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">NewPage Corp., Escrow Account</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">1,200,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.75pt;padding-left:41.46pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:12.42%;">&#8194;&#8212;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.88%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.06%;"><DIV
style="float:left;">T-Mobile USA Inc., Escrow Account</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.18%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.46%;">1,500,000
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.19%;">&#160;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:3pt;padding-left:41.46pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:12.42%;">&#8194;&#8212;
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:20pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;9</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.01%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:56.51%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:19.34%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.53%;">Shares
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;">Escrows and Litigation Trusts <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.52%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Vistra Energy Corp., Escrow Account</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.34%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.53%;">&#8201;&#8199;700,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.52%;">&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;$<FONT
style="padding-left:24.45pt;"></FONT>1,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Total Escrows and Litigation Trusts (Cost $18,346)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="line-height:0pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:29.45pt;padding-top:2.5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">20,150
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Total Investments before Short Term Investments (Cost $225,162,328)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">272,910,727
</TD></TR>
<TR
style="height:28.5pt;page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;padding-top:3.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:3.75pt;text-align:left;vertical-align:top;width:56.51%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;padding-top:3.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.53%;">Principal<BR>
Amount*<FONT
style="padding-left:-3pt;"></FONT>
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:12.52%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;">Short Term Investments 1.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.52%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;">Senior Floating Rate Interests (Cost $964,161) 0.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.52%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Weatherford International Ltd., DIP Term Loan, 4.79%,(1-month USD LIBOR + 3.00%), 7/03/20</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:19.34%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;
vertical-align:bottom;width:8.53%;">&#8201;&#8199;$<FONT
style="padding-left:6.67pt;"></FONT>981,132
</TD><TD
style="line-height:0pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:12.52%;">&#8201;&#8199;&#8199;&#8199;981,132
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Total Investments before Money Market Funds</DIV><BR>
<DIV
style="float:left;">(Cost $226,126,489)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">273,891,859
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;padding-top:3.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;padding-top:3.75pt;text-align:left;vertical-align:top;width:56.51%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;padding-top:3.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.53%;">Shares
</TD><TD
style="line-height:8pt;padding-bottom:4pt;padding-right:5pt;padding-top:3.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:1pt;padding-bottom:4pt;padding-top:3.75pt;text-align:right;vertical-align:bottom;width:12.52%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.91%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:1.5pt;padding-top:3pt;text-align:left;vertical-align:top;width:56.51%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:19.34%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:8.53%;">
</TD><TD
style="padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.20%;">
</TD><TD
style="padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.52%;">
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;">Money Market Funds (Cost $2,841,841) 1.3%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.52%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.91%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">i,j</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Institutional Fiduciary Trust Money Market Portfolio, 1.35%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:19.34%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.53%;">2,841,841
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">2,841,841
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Total Investments (Cost $228,968,330) 129.1%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">276,733,700
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Notes Payable (30.3)%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:11.23pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">(64,912,044)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Other Assets, less Liabilities 1.2%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">2,479,813
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.91%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:4pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:56.51%;"><DIV
style="float:left;">Net Assets 100.0%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:19.34%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.20%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.52%;">$214,301,469
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">See Abbreviations on page
14.</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:10pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">&#8224;</SUP>Rounds to less than 0.1% of net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;">*The principal amount is stated in U.S. dollars unless otherwise indicated.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>Non-income producing.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>Fair valued using significant unobservable inputs. See &#8202;Note 4 regarding fair value measurements.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from
registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At November 30, 2019, the aggregate value of these securities was $122,127,855, representing
57.0% of net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>Perpetual security with no stated maturity date.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">e</SUP>The coupon rate shown represents the rate at period end.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">f</SUP>Income may be received in additional securities and/or cash.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">g</SUP>Defaulted security or security for which income has been deemed uncollectible.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">h</SUP>Security purchased on a when-issued basis. &#8202;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">i</SUP>See &#8202;Note 3 regarding investments in affiliated management investment companies.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">j</SUP>The rate shown is the annualized seven-day effective yield at period end.
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:109pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;10</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
</DIV>
</DIV>
<DIV
style="margin-top:47pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:Normal;line-height:21pt;text-align:left;text-decoration:none;text-transform:none;">Notes to Statement of Investments
(unaudited)</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">1.&nbsp;&nbsp; ORGANIZATION</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:none;">Franklin Universal Trust (Fund) is
registered under the Investment Company Act of 1940 (1940 Act) as a closed-end management investment company and applies the specialized accounting and reporting guidance in U.S. Generally Accepted Accounting
Principles (U.S. GAAP).&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">2.&nbsp;&nbsp;FINANCIAL INSTRUMENT
VALUATION</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund&#8217;s investments in
financial instruments are carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the
measurement date. The Fund calculates the net asset value (NAV) per share each business day as of 4 p.m. Eastern time or the regularly scheduled close of the New York Stock Exchange (NYSE), whichever is earlier.
Senior fixed rate notes issued by the Fund are carried at cost. Under compliance policies and procedures approved by the Fund&#8217;s Board of Trustees (the Board), the Fund&#8217;s administrator has responsibility
for oversight of valuation, including leading the cross-functional Valuation Committee (VC). The Fund may utilize independent pricing services, quotations from securities and financial instrument dealers, and other
market sources to determine fair value.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Equity securities listed on an
exchange or on the NASDAQ National Market System are valued at the last quoted sale price or the official closing price of the day, respectively. Foreign equity securities are valued as of the close of trading on the
foreign stock exchange on which the security is primarily traded or as of 4 p.m. Eastern time. The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at 4 p.m. Eastern time
on the day that the value of the security is determined. Over-the-counter (OTC) securities are valued within the range of the most recent quoted bid and ask prices. Securities that trade in multiple markets or on
multiple exchanges are valued according to the broadest and most representative market. Certain equity securities are valued based upon fundamental characteristics or relationships to similar securities.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Debt securities generally trade in
the OTC market rather than on a securities exchange. The Fund&#8217;s pricing services use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing
services may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services
also utilize proprietary valuation models which may consider market characteristics such as benchmark yield curves, credit spreads, estimated default rates, anticipated market interest rate volatility, coupon rates,
anticipated timing of principal repayments, underlying collateral, and other unique security features in order to estimate the relevant cash flows, which are then discounted to calculate the fair value.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Investments in open-end mutual funds
are valued at the closing NAV.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund has procedures to determine
the fair value of financial instruments for which market prices are not reliable or readily available. Under these procedures, the Fund primarily employs a market-based approach which may use related or comparable
assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. An income-based valuation approach may also
be used in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the
investments. Due to the inherent uncertainty of valuations of such investments, the fair values may differ significantly from the values that would have been used had an active market existed.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Trading in securities on foreign
securities stock exchanges and OTC markets may be completed before 4 p.m. Eastern time. In addition, trading in certain foreign markets may not take place on every Fund&#8217;s business day. Occasionally, events occur
between the time at which trading in a foreign security is completed and 4 p.m. Eastern time that might call into question the reliability of the value of a portfolio security held by the Fund. As a result,
differences may arise between the value of the Fund&#8217;s portfolio securities as determined at the foreign market close and the latest indications of value at 4 p.m. Eastern time. In order to minimize the potential
for these differences, the VC monitors price movements following the close of trading in</DIV>
</DIV>
<DIV
style="margin-top:31pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;11</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Notes to Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:31pt;text-align:left;text-decoration:none;text-transform:none;">2.&nbsp;&nbsp;FINANCIAL INSTRUMENT
VALUATION<FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;"> (continued)<BR>
</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:none;">foreign stock markets through a series of country
specific market proxies (such as baskets of American Depositary Receipts, futures contracts and exchange traded funds). These price movements are measured against established trigger thresholds for each specific
market proxy to assist in determining if an event has occurred that may call into question the reliability of the values of the foreign securities held by the Fund. If such an event occurs, the securities may be
valued using fair value procedures, which may include the use of independent pricing services.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">When the last day of the reporting
period is a non-business day, certain foreign markets may be open on those days that the Fund&#8217;s NAV is not calculated, which could result in differences between the value of the Fund&#8217;s portfolio securities
on the last business day and the last calendar day of the reporting period. Any significant security valuation changes due to an open foreign market are adjusted and reflected by the Fund for financial reporting
purposes. &nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">3.&nbsp;&nbsp;INVESTMENTS IN AFFILIATED
MANAGEMENT INVESTMENT COMPANIES</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund invests in one or more
affiliated management investment companies for purposes other than exercising a controlling influence over the management or policies. During the period ended November 30, 2019, the Fund held investments in affiliated
management investment companies as follows:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:6pt;text-align:left;vertical-align:bottom;width:31.71%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.10%;">Value at<BR>
Beginning<BR>
of Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.73%;">Purchases
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.26%;">Sales
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">Realized<BR>
Gain (Loss)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.33%;">Net Change in<BR>
Unrealized<BR>
Appreciation<BR>
(Depreciation)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.10%;">Value at<BR>
End of<BR>
Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.76%;">Number of<BR>
Shares<BR>
Held at End<BR>
of Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-top:6pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.07%;">Dividend<BR>
Income
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-top:2.38pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:100%;" colspan="9">Non-Controlled Affiliates
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:31.71%;"><DIV
style="float:left;">Institutional Fiduciary Trust Money Market Portfolio, 1.35%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;
padding-top:1.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.10%;">$4,760,505
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;
padding-top:1.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.73%;">$18,118,216
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;
padding-top:1.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.26%;">$(20,036,880)
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;
padding-top:1.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">$&#8195;&#8194;&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;
padding-top:1.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.33%;">$&#8195;&#8194;&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;
padding-top:1.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.10%;">$2,841,841
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-right:4pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.76%;">2,841,841
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:8pt;padding-top:1.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.07%;">$12,137
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">4.&nbsp;&nbsp;FAIR VALUE MEASUREMENTS</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund follows a fair value
hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund&#8217;s own market assumptions (unobservable inputs). These inputs are used in determining the value
of the Fund&#8217;s financial instruments and are summarized in the following fair value hierarchy:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:3.57%;margin-top:3pt;width:96.43%;" cellpadding="9" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:1.03%;">&#8226;&#8194;
</TD><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:98.97%;
">Level 1 &#8211; quoted prices in active markets for identical financial instruments<BR>

</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:1.03%;">&#8226;&#8194;
</TD><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:98.97%;
">Level 2 &#8211; other significant observable inputs (including quoted prices for similar financial instruments, interest rates, prepayment speed, credit risk, etc.)<BR>

</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:1.03%;">&#8226;&#8194;
</TD><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:98.97%;">Level 3 &#8211; significant unobservable inputs (including the Fund&#8217;s own assumptions in determining the fair value of financial instruments)
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The input levels are not necessarily
an indication of the risk or liquidity associated with financial instruments at that level.</DIV>
</DIV>
<DIV
style="margin-top:182pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;12</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Notes to Statement of Investments
(unaudited)</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:31pt;text-align:left;text-decoration:none;text-transform:none;">A summary of inputs used as of
November 30, 2019, in valuing the Fund&#8217;s assets carried at fair value, is as follows:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:3pt;padding-right:9pt;padding-top:5pt;text-align:left;vertical-align:bottom;width:39.09%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:5pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">Level 1
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:5pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">Level 2
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:5pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">Level 3
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-top:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Total
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:2.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.09%;">Assets:
</TD><TD
style="line-height:8pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;">Investments in Securities:<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;">Equity Investments:<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.09%;"><DIV
style="float:left;">Energy</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:20.98pt;">1,765,188</FONT>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:27.65pt;">305,056</FONT>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:9pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:33.80pt;">9,137<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP></FONT>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:20.98pt;">2,079,381</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.09%;"><DIV
style="float:left;">Materials</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:34.43pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">2,186,285
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:49.99pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">1,059
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:59.25pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:34.43pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">2,187,344
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">All Other Equity Investments</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:29.98pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">85,162,305
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:59.25pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:29.98pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">85,162,305
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;">&#8194;Corporate Bonds:
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.09%;"><DIV
style="float:left;">Energy</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:29.98pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">20,893,364
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:47.24pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">1,970
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:29.98pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">20,895,334
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">All Other Corporate Bonds</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:25.54pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">151,656,127
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:59.25pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:25.54pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">151,656,127
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Marketplace Loans</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:31.68pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">3,171,112
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:34.43pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">3,171,112
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Asset-Backed Securities</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:34.43pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">7,738,974
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:59.25pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:34.43pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">7,738,974
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Escrows and Litigation Trusts</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:49.99pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">1,400
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:42.80pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">18,750<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:45.55pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">20,150
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Short Term Investments</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:34.43pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">2,841,841
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:41.10pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">981,132
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-left:59.25pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:34.43pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">3,822,973
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:26pt;padding-right:9pt;padding-top:2.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Total Investments in Securities</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:9pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:16.54pt;"></FONT>91,955,619
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:9pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:12.09pt;"></FONT>181,577,112
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:18.23pt;"></FONT>3,200,969
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-top:2.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:12.09pt;"></FONT>276,733,700
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>For detailed categories, see the accompanying Statement of Investments.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>Includes common and preferred stocks as well as other equity interests.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>Includes securities determined to have no value at November 30, 2019.
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">A reconciliation of assets in which
Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of the period. The reconciliation of assets for the three months
ended November 30, 2019, is as follows:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:3pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:23.61%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.53%;">Balance at<BR>
Beginning of<BR>
Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.74%;">Purchases
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.59%;">Sales
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.25%;">Transfer<BR>
Into<BR>
Level 3<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.25%;">Transfer<BR>
Out of<BR>
Level 3
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.61%;">Cost Basis<BR>
Adjustments<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.43%;">Net<BR>
Realized<BR>
Gain<BR>
(Loss)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.94%;">Net<BR>
Unrealized<BR>
Appreciation<BR>
(Depreciation)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;padding-top:3pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.70%;">Balance<BR>
at End<BR>
of Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.94%;">Net Change in<BR>
Unrealized<BR>
Appreciation<BR>
(Depreciation)<BR>
on Assets<BR>
Held at<BR>
Period End
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-top:2.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.61%;">Assets:
</TD><TD
style="line-height:8pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:7.74%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:4.59%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:9.61%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:6.43%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:7.70%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:4pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:23.61%;">Investments in Securities:
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:7.74%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:4.59%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.61%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.43%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:7.70%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:12pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:23.61%;">Equity Investments:<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:7.74%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:4.59%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.61%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.43%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:7.70%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.61%;"><DIV
style="float:left;">Energy</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.53%;">$<FONT
style="padding-left:21.89pt;"></FONT> 12
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.74%;">$<FONT
style="padding-left:22.63pt;"></FONT>&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:4.59%;">$&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:6.25%;">$<FONT
style="padding-left:3.65pt;"></FONT> 7,592<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:6.25%;">$&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.61%;">$<FONT
style="padding-left:12.04pt;"></FONT>&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:6.43%;">$&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.94%;">$<FONT
style="padding-left:5.82pt;"></FONT> 1,533
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-right:3pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:7.70%;">$<FONT
style="padding-left:12.77pt;"></FONT> 9,137<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:9.94%;">$<FONT
style="padding-left:5.82pt;"></FONT> 1,533
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:12pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:23.61%;">Corporate Bonds:
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.53%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:7.74%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:4.59%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.25%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.61%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:6.43%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:3pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:7.70%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.94%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:23.61%;"><DIV
style="float:left;">Energy</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:26.28pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:8.53%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:29.28pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:7.74%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:4.59%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:10.30pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:6.25%;">1,970
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:6.25%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:9.61%;">(8,592)
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:6.43%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:12.47pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:9.94%;">8,592
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:19.41pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:7.70%;">1,970
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:12.47pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:9.94%;">8,592
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:12pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:23.61%;"><DIV
style="float:left;">Marketplace Loans</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:3.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:8.53%;">1,529,798
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:7.74%;">1,667,441
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:4.59%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:20.16pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:6.25%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:6.25%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:18.68pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:9.61%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:6.43%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:9.94%;">(26,127)
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:7.12pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:7.70%;">3,171,112
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.88pt;padding-left:6.65pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:9.94%;">(26,127)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:12pt;padding-top:1.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:23.61%;"><DIV
style="float:left;">Escrows and Litigation Trusts</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:26.28pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.53%;">&#8212;<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:29.28pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.74%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:4.59%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.25%;">18,750
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.25%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:18.68pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.61%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:6.65pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.43%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:22.33pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.94%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:15.77pt;padding-right:3pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:7.70%;">18,750<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3pt;padding-left:22.33pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:9.94%;">&#8212;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-top:2.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:23.61%;"><DIV
style="float:left;">Total Investments in Securities</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.53%;">$ 1,529,810
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.74%;">$ 1,667,441
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:4.59%;">$&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.25%;">$ 28,312
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.25%;">$&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.61%;">$ (8,592)
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:6.43%;">$&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.94%;">$ (16,002)
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-right:3pt;
padding-top:2.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:7.70%;">$ 3,200,969
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:3pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.94%;">$(16,002)
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP><FONT
style="font-size:8pt;line-height:11pt;">The investment was transferred into Level 3 as a result of the unavailability of a quoted market price in an active market for identical securities and other significant
observable valuation inputs. May include amounts related to a corporate action.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:1pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP><FONT
style="font-size:8pt;line-height:11pt;">May include accretion, amortization, partnership adjustments, and/or other cost basis adjustments.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:1pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">C</SUP><FONT
style="font-size:8pt;line-height:11pt;">Includes common stocks as well as other equity interests.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:1pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP><FONT
style="font-size:8pt;line-height:11pt;">Includes securities determined to have no value.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Significant unobservable valuation
inputs developed by the VC for material Level 3 financial instruments and impact to fair value as a result of changes in unobservable valuation inputs as of November 30, 2019, are as follows:</DIV>
</DIV>
<DIV
style="margin-top:79pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:100pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;13</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Franklin Universal Trust<BR>
Notes to Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:31pt;text-align:left;text-decoration:none;text-transform:none;">4.&nbsp;&nbsp;FAIR VALUE
MEASUREMENTS<FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;"> (continued)<BR>
</FONT></DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:7pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:3pt;padding-left:0pt;padding-right:6pt;padding-top:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:89.78%;">Description
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:7pt;font-style:Normal;font-weight:bold;line-height:10pt;padding-bottom:3pt;padding-left:6pt;padding-top:6pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.11%;">Fair Value at<BR>
End of Period
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:89.78%;">Assets:
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-top:2pt;text-align:left;vertical-align:bottom;width:11.11%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1pt;padding-left:8pt;padding-right:6pt;padding-top:1pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:89.78%;">Investments in Securities:
</TD><TD
style="line-height:0pt;padding-bottom:1pt;padding-top:1pt;text-align:left;vertical-align:bottom;width:11.11%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:24pt;padding-right:6pt;padding-top:1pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:89.78%;"><DIV
style="float:left;">All Other Investments<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">,b</SUP></DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:3.20pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:6pt;padding-top:1pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.11%;">$ 3,200,969<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:24pt;padding-right:6pt;padding-top:1.88pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:89.78%;"><DIV
style="float:left;">Total</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:6pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.11%;">$ 3,200,969
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:1pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP><FONT
style="font-size:8pt;line-height:11pt;">Includes common stocks, corporate bonds, escrows and litigation trusts and marketplace loans.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:1pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP><FONT
style="font-size:8pt;line-height:11pt;">Includes financial instruments with values derived using private transaction prices or non-public third party pricing information which is unobservable. May also include fair
value of immaterial financial instruments and developed using various valuation techniques and unobservable inputs.</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:1pt;text-align:left;text-decoration:none;text-transform:none;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP><FONT
style="font-size:8pt;line-height:11pt;">Includes securities determined to have no value at November 30, 2019.&nbsp;</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">5.&nbsp;&nbsp;SUBSEQUENT EVENTS</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund has evaluated subsequent
events through the issuance of the Statement of Investments and determined that no events have occurred that require disclosure.&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:15pt;text-align:left;text-decoration:none;text-transform:none;">ABBREVIATIONS&nbsp;&nbsp;&nbsp;&nbsp;</DIV>
<DIV
style="float:left;overflow:hidden;position:relative;text-align:left;width:21.01%;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:98%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:0pt;padding-right:18pt;padding-top:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:95.75%;" colspan="2">Currency
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:6pt;padding-left:0pt;padding-right:4.5pt;padding-top:2.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:20.19%;">USD
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:18pt;padding-top:2.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:75.56%;">United States Dollar
</TD></TR></TABLE>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;text-align:left;width:30.54%;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:98%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:0pt;padding-right:18pt;padding-top:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:97.08%;" colspan="2">Selected Portfolio
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:0pt;padding-right:4.5pt;padding-top:2.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:19.09%;">ADR
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:4.5pt;padding-right:18pt;padding-top:2.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:77.99%;">American Depositary Receipt
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:0pt;padding-right:4.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:19.09%;">DIP
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:4.5pt;padding-right:18pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:77.99%;">Debtor-In-Possession
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:0pt;padding-right:4.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:19.09%;">FRN
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:4.5pt;padding-right:18pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:77.99%;">Floating Rate Note
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-left:0pt;padding-right:4.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:19.09%;">LIBOR
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:4.5pt;padding-right:18pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:77.99%;">London InterBank Offered Rate
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:6pt;padding-left:0pt;padding-right:4.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:19.09%;">PIK
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:18pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:77.99%;">Payment-In-Kind
</TD></TR></TABLE>
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<DIV
style="clear:both;font-size:12pt;height:0pt;"></DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:none;">&nbsp;&nbsp;</DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:167pt;text-align:left;text-decoration:none;text-transform:none;">For additional
information on the Fund&#8217;s significant accounting policies, please refer to the Fund&#8217;s most recent semiannual or annual shareholder report.</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;14</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
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</SEC-DOCUMENT>
