<SEC-DOCUMENT>0001145549-22-077663.txt : 20221222
<SEC-HEADER>0001145549-22-077663.hdr.sgml : 20221222
<ACCEPTANCE-DATETIME>20221222124209
ACCESSION NUMBER:		0001145549-22-077663
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20221031
FILED AS OF DATE:		20221222
DATE AS OF CHANGE:		20221222
PERIOD START:           	20221031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALAMOS GLOBAL TOTAL RETURN FUND
		CENTRAL INDEX KEY:			0001285650
		IRS NUMBER:				203377281
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21547
		FILM NUMBER:		221481127

	BUSINESS ADDRESS:	
		STREET 1:		2020 CALAMOS COURT
		STREET 2:		C/O CALAMOS ADVISORS LLC
		CITY:			NAPERVILLE
		STATE:			IL
		ZIP:			60563
		BUSINESS PHONE:		6302451046

	MAIL ADDRESS:	
		STREET 1:		2020 CALAMOS COURT
		STREET 2:		C/O CALAMOS ADVISORS LLC
		CITY:			NAPERVILLE
		STATE:			IL
		ZIP:			60563
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <name>INFOSYS LTD</name>
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        <name>FORD MOTOR COMPANY</name>
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      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>RIO TINTO PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC COMMON STOCK GBP.1</title>
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          <isin value="GB0007188757"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>CHINA TOURISM GROUP DUTY FREE CORP LTD</name>
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        <cusip>N/A</cusip>
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          <isin value="CNE100000G29"/>
          <ticker value="601888"/>
          <other otherDesc="SEDOL" value="BP3R466"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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      <invstOrSec>
        <name>SHANGHAI INTERNATIONAL AIRPORT CO LTD</name>
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          <isin value="CNE000000V89"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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      <invstOrSec>
        <name>FORD MOTOR COMPANY</name>
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          <isin value="US345370DB39"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>FORD MOTOR CREDIT CO LLC SR UNSECURED 02/28 2.9</title>
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      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC COMMON STOCK GBP.1</title>
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          <isin value="GB0008706128"/>
          <ticker value="LLOY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>DECHRA PHARMACEUTICALS PLC</name>
        <lei>213800J4UVB5OWG8VX82</lei>
        <title>DECHRA PHARMACEUTICALS PLC COMMON STOCK GBP.01</title>
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          <ticker value="DPH"/>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>FORESTAR GROUP INC</name>
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      <invstOrSec>
        <name>FORESTAR GROUP INC</name>
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      <invstOrSec>
        <name>ASTRAZENECA PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
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        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC COMMON STOCK</title>
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          <ticker value="AVGO"/>
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        <name>SHELL PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
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        <name>CHAMP RESTO INDONESIA TBK PT</name>
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        <invCountry>ID</invCountry>
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        <name>WAL-MART DE MEXICO SAB DE CV</name>
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        <invCountry>MX</invCountry>
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        <name>MENICON CO LTD</name>
        <lei>3538000OOSRECSEX2327</lei>
        <title>MENICON CO LTD COMMON STOCK</title>
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          <ticker value="7780"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>BAYCURRENT CONSULTING INC</name>
        <lei>N/A</lei>
        <title>BAYCURRENT CONSULTING INC COMMON STOCK</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>BEAZLEY PLC</name>
        <lei>N/A</lei>
        <title>BEAZLEY PLC COMMON STOCK GBP.05</title>
        <cusip>N/A</cusip>
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          <ticker value="BEZ"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <name>AON PLC</name>
        <lei>N/A</lei>
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        <name>ACCENTURE PLC</name>
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        <name>MALLINCKRODT PLC</name>
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        <name>MCDERMOTT INTERNATIONAL LTD</name>
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        <name>FREEPORT-MCMORAN INC</name>
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        <name>FRONTIER COMMUNICATIONS</name>
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        <lei>E0JAN6VLUDI1HITHT809</lei>
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        <name>FRONTIER FLORIDA LLC</name>
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      <invstOrSec>
        <name>FRONTIER NORTH INC</name>
        <lei>N/A</lei>
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        <name>GAP INC/THE</name>
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      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
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      <invstOrSec>
        <name>CYRELA BRAZIL REALTY SA EMPREENDIMENTOS E PARTICIPACOES</name>
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        <name>COSTCO WHOLESALE CORP</name>
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      <invstOrSec>
        <name>GENESIS ENERGY LP/FIN</name>
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        <name>ENACT HOLDINGS INC</name>
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        <name>CUMULUS MEDIA INC</name>
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        <name>GLOBAL NET LEASE/GLOBAL</name>
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        <name>GO DADDY OPCO/FINCO</name>
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        <name>GOEASY LTD</name>
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        <name>DYCOM INDUSTRIES INC</name>
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      <invstOrSec>
        <name>HUB INTERNATIONAL LTD</name>
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      <invstOrSec>
        <name>EBARA CORP</name>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>KINGDEE INTERNATIONAL SOFTWARE GROUP CO LTD</name>
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          <isin value="KYG525681477"/>
          <ticker value="268"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>LG CHEM LTD</name>
        <lei>N/A</lei>
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          <isin value="KR7051910008"/>
          <ticker value="A05191"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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      <invstOrSec>
        <name>MEDIATEK INC</name>
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          <isin value="TW0002454006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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      <invstOrSec>
        <name>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
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        <name>JAPAN AIRPORT TERMINAL CO LTD</name>
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        <name>HUGHES SATELLITE SYSTEMS</name>
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        <name>ILFC E-CAPITAL TRUST II</name>
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        <name>ICAHN ENTERPRISES/FIN</name>
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        <name>ICAHN ENTERPRISES/FIN</name>
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        <name>IEA ENERGY SERVICES LLC</name>
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        <name>ESC GCB INTELSAT JACKS 08/23 5.5</name>
        <lei>8XJ8KF85PBKK1TLMFN29</lei>
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        <name>KEYENCE CORP</name>
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        <name>KUREHA CORP</name>
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        <name>ESC CB144A INTELSAT JA 07/25 9.75</name>
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        <name>STONEX GROUP INC</name>
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        <name>NEXTERA ENERGY INC</name>
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        <name>IRON MOUNTAIN INC</name>
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        <name>IVANHOE MINES LTD</name>
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        <name>JBS USA/FOOD/FINANCE</name>
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        <name>JBS USA/FOOD/FINANCE</name>
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        <curCd>USD</curCd>
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        <name>JW ALUMINUM CONT CAST CO</name>
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        <name>JAZZ SECURITIES DAC</name>
        <lei>6354009DV8VV7K6KOO02</lei>
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        <invCountry>IE</invCountry>
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        <name>JELD-WEN INC</name>
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        <name>JETBLUE 2020-1 CLASS B</name>
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        <name>KAISER ALUMINUM CORP</name>
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        <name>BANK MANDIRI PERSERO TBK PT</name>
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        <name>MATAHARI DEPARTMENT STORE TBK PT</name>
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        <name>KEN GARFF AUTOMOTIVE LLC</name>
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        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</name>
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        <name>NESTLE SA</name>
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        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</name>
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        <name>WESCO DISTRIBUTION INC</name>
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      <invstOrSec>
        <name>WUXI BIOLOGICS CAYMAN INC</name>
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          <ticker value="2269"/>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>WILLIAMS COS INC/THE</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>WILLIAMS SCOTSMAN INTL</name>
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          <isin value="US96950GAE26"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-08-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>MOHEGAN GAMING &amp; ENT</name>
        <lei>549300UB083Z2NRDHC48</lei>
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        <cusip>608328BH2</cusip>
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          <isin value="US608328BH21"/>
          <ticker value="MHTG51"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2026-02-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>MOOG INC</name>
        <lei>549300WM2I4U7OBAHG07</lei>
        <title>MOOG INC COMPANY GUAR 144A 12/27 4.25</title>
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          <isin value="US615394AM52"/>
          <ticker value="MOG492"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOSS CREEK RESOURCES HLD</name>
        <lei>54930037SLMSPWKYIX36</lei>
        <title>MOSS CREEK RESOURCES HLD COMPANY GUAR 144A 01/26 7.5</title>
        <cusip>61965RAA3</cusip>
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          <isin value="US61965RAA32"/>
          <ticker value="MSSK45"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2026-01-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>MOSS CREEK RESOURCES HLD</name>
        <lei>54930037SLMSPWKYIX36</lei>
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          <isin value="US61965RAB15"/>
          <ticker value="MSSK48"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>XHR LP</name>
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          <ticker value="XHR502"/>
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      <invstOrSec>
        <name>XHR LP</name>
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        <curCd>USD</curCd>
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        <name>YAMANA GOLD INC</name>
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        <name>ZI TECH LLC/ZI FIN CORP</name>
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        <name>MEDLINE BORROWER LP</name>
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        <name>MURPHY OIL CORP</name>
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        <name>SUMBER ALFARIA TRIJAYA TBK PT</name>
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        <title>SUMBER ALFARIA TRIJAYA TBK P COMMON STOCK IDR10.</title>
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        <name>CIE FINANCIERE RICHEMONT SA</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>CIE FINANCIERE RICHEMO A REG COMMON STOCK CHF1.0</title>
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        <name>STATE BANK OF INDIA</name>
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        <title>STATE BANK OF INDIA COMMON STOCK INR1.0</title>
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        <invCountry>IN</invCountry>
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        <name>AIRPORTS OF THAILAND PCL</name>
        <lei>N/A</lei>
        <title>AIRPORTS OF THAILAND PCL FOR FOREIGN SH. THB1.0 A</title>
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          <ticker value="AOT-F"/>
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        <invCountry>TH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BHARAT ELECTRONICS LTD</name>
        <lei>335800HS8AOTM9W1F335</lei>
        <title>BHARAT ELECTRONICS LTD COMMON STOCK INR1.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE263A01024"/>
          <ticker value="BEL"/>
          <other otherDesc="SEDOL" value="BF1THH6"/>
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        <balance>98400.0000000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
        <valUSD>127284.2100000000</valUSD>
        <pctVal>0.1351548569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SBI HOLDINGS INC</name>
        <lei>353800L6LMHYIPSMRQ17</lei>
        <title>SBI HOLDINGS INC SR UNSECURED REGS 09/23 0.0000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1873180415"/>
          <other otherDesc="SEDOL" value="BGHY299"/>
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        <balance>170000000.0000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="148.6950000000"/>
        <valUSD>1152128.8500000000</valUSD>
        <pctVal>1.2233709886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
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            <dbtSecRefInstrument>
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              <title>SBI HOLDINGS INC</title>
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                <cusip value="N/A"/>
                <isin value="JP3436120004"/>
                <ticker value="8473"/>
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          <currencyInfos>
            <currencyInfo convRatio="2991.2357" curCd="JPY"/>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>NCR CORP</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR CORP COMPANY GUAR 144A 04/29 5.125</title>
        <cusip>62886EBA5</cusip>
        <identifiers>
          <isin value="US62886EBA55"/>
          <ticker value="NCR515"/>
          <other otherDesc="SEDOL" value="BL6KR10"/>
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        <curCd>USD</curCd>
        <valUSD>18472.0800000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONSTAR MTG HLD INC</name>
        <lei>N/A</lei>
        <title>NATIONSTAR MTG HLD INC COMPANY GUAR 144A 08/28 5.5</title>
        <cusip>63861CAC3</cusip>
        <identifiers>
          <isin value="US63861CAC38"/>
          <ticker value="WAMU50"/>
          <other otherDesc="SEDOL" value="BMD7LH5"/>
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        <balance>60000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49032.6000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MEITUAN</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>MEITUAN CLASS B COMMON STOCK USD.00001</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
          <ticker value="3690"/>
          <other otherDesc="SEDOL" value="BGJW376"/>
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        <balance>3900.0000000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.8496500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRITANNIA INDUSTRIES LTD</name>
        <lei>N/A</lei>
        <title>BRITANNIA INDUSTRIES LTD COMMON STOCK INR1.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE216A01030"/>
          <ticker value="BRITAN"/>
          <other otherDesc="SEDOL" value="BGSQG47"/>
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        <balance>1060.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
        <valUSD>48226.7300000000</valUSD>
        <pctVal>0.0512088404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRAINLINE PLC</name>
        <lei>213800HO26VXTFJ4MO71</lei>
        <title>TRAINLINE PLC COMMON STOCK GBP.01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BKDTK925"/>
          <ticker value="TRN"/>
          <other otherDesc="SEDOL" value="BKDTK92"/>
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        <balance>3090.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8719920000"/>
        <valUSD>11789.5900000000</valUSD>
        <pctVal>0.0125186019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EDENRED</name>
        <lei>N/A</lei>
        <title>EDENRED SR UNSECURED REGS 09/24 0.0000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013444395"/>
          <other otherDesc="SEDOL" value="BJXC997"/>
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        <balance>930000.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.0118900000"/>
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        <pctVal>0.6065433927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>EDENRED</name>
              <title>EDENRED</title>
              <curCd>EUR</curCd>
              <identifiers>
                <cusip value="N/A"/>
                <isin value="FR0010908533"/>
                <ticker value="EDEN"/>
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          <currencyInfos>
            <currencyInfo convRatio="1.001" curCd="EUR"/>
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          <delta>XXXX</delta>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANLORENZO SPA/AMEGLIA</name>
        <lei>8156006C71E895860132</lei>
        <title>SANLORENZO SPA/AMEGLIA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003549422"/>
          <ticker value="SL"/>
          <other otherDesc="SEDOL" value="BKKCLZ7"/>
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        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.0118900000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP GLOB MKT FND L</name>
        <lei>549300EVRWDWFJUNNP53</lei>
        <title>CITIGROUP GLOB MKT FND L BANK GUARANT REGS 07/24 0.0000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2133036603"/>
          <other otherDesc="SEDOL" value="BMWRCP1"/>
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        <balance>12000000.0000000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.8496500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0100000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
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              <name>CITIGROUP GLOB MKT FND L</name>
              <title>CITIGROUP GLOB MKT FND L</title>
              <curCd>HKD</curCd>
              <identifiers>
                <cusip value="N/A"/>
                <isin value="KYG5635P1090"/>
                <ticker value="960"/>
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          <currencyInfos>
            <currencyInfo convRatio="22690.7612" curCd="HKD"/>
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          <delta>XXXX</delta>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EICHER MOTORS LTD</name>
        <lei>N/A</lei>
        <title>EICHER MOTORS LTD COMMON STOCK INR1.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE066A01021"/>
          <ticker value="EICHER"/>
          <other otherDesc="SEDOL" value="BMW4CV8"/>
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        <balance>1460.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
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        <pctVal>0.0723181988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLIGHT CENTRE LTD</name>
        <lei>254900BGNUI78EKEJY68</lei>
        <title>FLIGHT CENTRE LTD SR UNSECURED REGS 11/27 2.5</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2250347700"/>
          <other otherDesc="SEDOL" value="BN7C7C0"/>
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        <balance>1000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="AUD" exchangeRt="1.5633550000"/>
        <valUSD>639406.9200000000</valUSD>
        <pctVal>0.6789447863</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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            <dbtSecRefInstrument>
              <name>FLIGHT CENTRE LTD</name>
              <title>FLIGHT CENTRE LTD</title>
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              <identifiers>
                <cusip value="N/A"/>
                <isin value="AU000000FLT9"/>
                <ticker value="FLT"/>
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          <currencyInfos>
            <currencyInfo convRatio="9980.0399" curCd="AUD"/>
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          <delta>XXXX</delta>
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        <securityLending>
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      <invstOrSec>
        <name>SINGAPORE AIRLINES LTD</name>
        <lei>549300ZG62N2599PWR15</lei>
        <title>SINGAPORE AIRLINES LTD SR UNSECURED REGS 12/25 1.625</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2260025296"/>
          <other otherDesc="SEDOL" value="BM9KKR1"/>
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        <balance>2000000.0000000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.4156000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.6250000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>SINGAPORE AIRLINES LTD</name>
              <title>SINGAPORE AIRLINES LTD</title>
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                <cusip value="N/A"/>
                <isin value="SG1V61937297"/>
                <ticker value="SIA"/>
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          <currencyInfos>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>MENICON CO LTD</name>
        <lei>3538000OOSRECSEX2327</lei>
        <title>MENICON CO LTD SR UNSECURED REGS 01/25 0.0000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2286418046"/>
          <other otherDesc="SEDOL" value="BMV7W18"/>
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        <balance>80000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="148.6950000000"/>
        <valUSD>552744.8800000000</valUSD>
        <pctVal>0.5869239802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0100000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>MENICON CO LTD</name>
              <title>MENICON CO LTD</title>
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                <cusip value="N/A"/>
                <isin value="JP3921270009"/>
                <ticker value="7780"/>
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          <currencyInfos>
            <currencyInfo convRatio="2710.2474" curCd="JPY"/>
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          <delta>XXXX</delta>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVIENT CORP</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP SR UNSECURED 03/27 5</title>
        <cusip>63938CAK4</cusip>
        <identifiers>
          <isin value="US63938CAK45"/>
          <ticker value="SLM494"/>
          <other otherDesc="SEDOL" value="BL97KP3"/>
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        <balance>95000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80532.4500000000</valUSD>
        <pctVal>0.0855121916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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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>NAVIENT CORP</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVIENT CORP SR UNSECURED 03/28 4.875</title>
        <cusip>63938CAL2</cusip>
        <identifiers>
          <isin value="US63938CAL28"/>
          <ticker value="SLM512"/>
          <other otherDesc="SEDOL" value="BMVHFL9"/>
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        <balance>50000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39964.5000000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8750000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KYORITSU MAINTENANCE CO</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2286049338"/>
          <other otherDesc="SEDOL" value="BMVH4C3"/>
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        <balance>90000000.0000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="JPY" exchangeRt="148.6950000000"/>
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        <pctVal>0.8761570522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.0100000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>KYORITSU MAINTENANCE CO</name>
              <title>KYORITSU MAINTENANCE CO</title>
              <curCd>JPY</curCd>
              <identifiers>
                <cusip value="N/A"/>
                <isin value="JP3253900009"/>
                <ticker value="9616"/>
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          <currencyInfos>
            <currencyInfo convRatio="2121.7908" curCd="JPY"/>
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          <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAMPUS ACTIVEWEAR LTD</name>
        <lei>N/A</lei>
        <title>CAMPUS ACTIVEWEAR LTD COMMON STOCK INR5.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE278Y01022"/>
          <ticker value="CAMPUS"/>
          <other otherDesc="SEDOL" value="BN71Y82"/>
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        <balance>15610.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
        <valUSD>109452.1100000000</valUSD>
        <pctVal>0.1162201051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NETFLIX INC</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC SR UNSECURED 04/28 4.875</title>
        <cusip>64110LAS5</cusip>
        <identifiers>
          <isin value="US64110LAS51"/>
          <other otherDesc="SEDOL" value="BG47ZP8"/>
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        <balance>25000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23794.7500000000</valUSD>
        <pctVal>0.0252661036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8750000000</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>NETFLIX INC</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC SR UNSECURED 144A 06/30 4.875</title>
        <cusip>64110LAV8</cusip>
        <identifiers>
          <isin value="US64110LAV80"/>
          <ticker value="NFLX49"/>
          <other otherDesc="SEDOL" value="BKM1GZ7"/>
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        <balance>40000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37076.0000000000</valUSD>
        <pctVal>0.0393686025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8750000000</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>NEW FORTRESS ENERGY INC</name>
        <lei>N/A</lei>
        <title>NEW FORTRESS ENERGY INC SR SECURED 144A 09/25 6.75</title>
        <cusip>644393AA8</cusip>
        <identifiers>
          <isin value="US644393AA81"/>
          <ticker value="NFE503"/>
          <other otherDesc="SEDOL" value="BNGFXX3"/>
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        <balance>40000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39362.8000000000</valUSD>
        <pctVal>0.0417968073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.7500000000</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>NEW FORTRESS ENERGY INC</name>
        <lei>N/A</lei>
        <title>NEW FORTRESS ENERGY INC SR SECURED 144A 09/26 6.5</title>
        <cusip>644393AB6</cusip>
        <identifiers>
          <isin value="US644393AB64"/>
          <ticker value="NFE515"/>
          <other otherDesc="SEDOL" value="BP0X973"/>
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        <balance>22000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21355.6200000000</valUSD>
        <pctVal>0.0226761494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5000000000</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>INVESCO QQQ TRUST SERIES 1</name>
        <lei>549300VY6FEJBCIMET58</lei>
        <title>INVESCO QQQ TRUST SERIES 1 DEC22 450 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="QQQ221"/>
        </identifiers>
        <balance>193.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>96.5000000000</valUSD>
        <pctVal>0.0001024671</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>INVESCO QQQ TRUST SERIES 1</issuerName>
                <issueTitle>INVESCO QQQ TRUST SERIES 1</issueTitle>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>450.000000000000</exercisePrice>
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            <expDt>2022-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-193602.6100000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF TRUST</name>
        <lei>549300NZAMSJ8FXPQQ63</lei>
        <title>SPDR S+P 500 ETF TRUST DEC22 535 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY221"/>
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        <balance>163.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>81.5000000000</valUSD>
        <pctVal>0.0000865396</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S+P 500 ETF TRUST</issuerName>
                <issueTitle>SPDR S+P 500 ETF TRUST</issueTitle>
                <identifiers>
                  <cusip value="78462F103"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>535.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-71215.5500000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF TRUST</name>
        <lei>549300NZAMSJ8FXPQQ63</lei>
        <title>SPDR S+P 500 ETF TRUST NOV22 390 PUT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY221"/>
        </identifiers>
        <balance>295.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>316830.0000000000</valUSD>
        <pctVal>0.3364212521</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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                <issuerName>SPDR S+P 500 ETF TRUST</issuerName>
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            <shareNo>100</shareNo>
            <exercisePrice>390.000000000000</exercisePrice>
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            <expDt>2022-11-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-578083.8900000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BERKSHIRE HATHAWAY INC</name>
        <lei>N/A</lei>
        <title>BERKSHIRE HATHAWAY INC NOV22 310 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BRKB22"/>
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        <balance>40.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7280.0000000000</valUSD>
        <pctVal>0.0077301604</pctVal>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BERKSHIRE HATHAWAY INC CL B</issuerName>
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                  <cusip value="084670702"/>
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            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>310.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-11-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-89861.3900000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADOBE INC</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>ADOBE INC JAN23 400 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ADBE23"/>
        </identifiers>
        <balance>30.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8520.0000000000</valUSD>
        <pctVal>0.0090468361</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>ADOBE INC</issuerName>
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            <shareNo>100</shareNo>
            <exercisePrice>400.000000000000</exercisePrice>
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            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-171498.6700000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMAZON.COM INC</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC NOV22 100 PUT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AMZN22"/>
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        <balance>150.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>44025.0000000000</valUSD>
        <pctVal>0.0467472955</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>AMAZON.COM INC</issuerName>
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            <shareNo>100</shareNo>
            <exercisePrice>100.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-11-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-58806.2100000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PIONEER NATURAL RESOURCES CO</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>PIONEER NATURAL RESOURCES CO JAN23 310 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PXD230"/>
        </identifiers>
        <balance>25.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6937.5000000000</valUSD>
        <pctVal>0.0073664818</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>PIONEER NATURAL RESOURCES CO</issuerName>
                <issueTitle>PIONEER NATURAL RESOURCES CO</issueTitle>
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            </descRefInstrmnt>
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            <exercisePrice>310.000000000000</exercisePrice>
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            <unrealizedAppr>-35265.4700000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP JAN23 32 PUT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BAC230"/>
        </identifiers>
        <balance>188.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>15886.0000000000</valUSD>
        <pctVal>0.0168683143</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BANK OF AMERICA CORP</issuerName>
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            <unrealizedAppr>-36560.2000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISHARES CHINA LARGE-CAP ETF</name>
        <lei>5493001YVWPO25CNKN94</lei>
        <title>ISHARES CHINA LARGE-CAP ETF JAN23 35 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FXI230"/>
        </identifiers>
        <balance>390.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>585.0000000000</valUSD>
        <pctVal>0.0006211736</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ISHARES CHINA LARGE CAP ETF</issuerName>
                <issueTitle>ISHARES CHINA LARGE CAP ETF</issueTitle>
                <identifiers>
                  <cusip value="464287184"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>35.000000000000</exercisePrice>
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            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-98564.3700000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAIDU INC</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC JAN23 165 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BIDU23"/>
        </identifiers>
        <balance>30.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>540.0000000000</valUSD>
        <pctVal>0.0005733910</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BAIDU INC   SPON ADR</issuerName>
                <issueTitle>BAIDU INC   SPON ADR</issueTitle>
                <identifiers>
                  <cusip value="056752108"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>165.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-61326.8800000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</name>
        <lei>N/A</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTU JAN23 75 PUT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TSM230"/>
        </identifiers>
        <balance>368.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>515200.0000000000</valUSD>
        <pctVal>0.5470575043</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TAIWAN SEMICONDUCTOR SP ADR</issuerName>
                <issueTitle>TAIWAN SEMICONDUCTOR SP ADR</issueTitle>
                <identifiers>
                  <cusip value="874039100"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>75.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>240597.5200000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P METALS &amp; MINING ETF</name>
        <lei>N/A</lei>
        <title>SPDR S+P METALS + MINING ETF DEC22 45 PUT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XME221"/>
        </identifiers>
        <balance>470.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>82250.0000000000</valUSD>
        <pctVal>0.0873359467</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S+P METALS + MINING ETF</issuerName>
                <issueTitle>SPDR S+P METALS + MINING ETF</issueTitle>
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                  <cusip value="78464A755"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>45.000000000000</exercisePrice>
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            <expDt>2022-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-59797.7100000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORDSTROM INC</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC SR UNSECURED 01/44 5</title>
        <cusip>655664AR1</cusip>
        <identifiers>
          <isin value="US655664AR15"/>
          <ticker value="JWN412"/>
          <other otherDesc="SEDOL" value="BNFX1H8"/>
        </identifiers>
        <balance>20000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12669.0000000000</valUSD>
        <pctVal>0.0134523904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>NORDSTROM INC</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC SR UNSECURED 08/31 4.25</title>
        <cusip>655664AY6</cusip>
        <identifiers>
          <isin value="US655664AY65"/>
          <other otherDesc="SEDOL" value="BKWHKV9"/>
        </identifiers>
        <balance>23000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16723.0700000000</valUSD>
        <pctVal>0.0177571447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</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</name>
        <lei>N/A</lei>
        <title>FREEPORT-MCMORAN INC JAN23 35 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FCX230"/>
        </identifiers>
        <balance>70.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13300.0000000000</valUSD>
        <pctVal>0.0141224084</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>FREEPORT MCMORAN INC</issuerName>
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            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>35.000000000000</exercisePrice>
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            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-9697.9700000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KRANESHARES CSI CHINA INTERNET ETF</name>
        <lei>N/A</lei>
        <title>KRANESHARES CSI CHINA INTERNET NOV22 33 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KWEB22"/>
        </identifiers>
        <balance>185.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>370.0000000000</valUSD>
        <pctVal>0.0003928790</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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            <putOrCall>Call</putOrCall>
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              <otherRefInst>
                <issuerName>KRANESHARES CSI CHINA INTERNET</issuerName>
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                <identifiers>
                  <cusip value="500767306"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>33.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-11-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-36487.4000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN OIL AND GAS INC</name>
        <lei>N/A</lei>
        <title>NORTHERN OIL AND GAS INC SR UNSECURED 144A 04/29 3.625</title>
        <cusip>665531AH2</cusip>
        <identifiers>
          <isin value="US665531AH25"/>
          <other otherDesc="SEDOL" value="BPNZZH8"/>
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        <balance>367000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412207.0600000000</valUSD>
        <pctVal>0.4376959734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>NORTHERN OIL AND GAS INC</name>
              <title>NORTHERN OIL AND GAS INC</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="N/A"/>
                <isin value="US6655313079"/>
                <ticker value="NOG"/>
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          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="26.3104" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTONLIFELOCK INC</name>
        <lei>N/A</lei>
        <title>NORTONLIFELOCK INC COMPANY GUAR 144A 09/27 6.75</title>
        <cusip>668771AK4</cusip>
        <identifiers>
          <isin value="US668771AK49"/>
          <other otherDesc="SEDOL" value="BNTGM58"/>
        </identifiers>
        <balance>25000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24683.0000000000</valUSD>
        <pctVal>0.0262092787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.7500000000</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>JD.COM INC</name>
        <lei>N/A</lei>
        <title>JD.COM INC JAN23 70 CALL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JD2301"/>
        </identifiers>
        <balance>35.0000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>665.0000000000</valUSD>
        <pctVal>0.0007061204</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
              <counterpartyLei>549300CII6SLYGKNHA04</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>JD.COM INC ADR</issuerName>
                <issueTitle>JD.COM INC ADR</issueTitle>
                <identifiers>
                  <cusip value="47215P106"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>70.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-22872.4200000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>EOG RESOURCES INC</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="EOG230"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>JD.COM INC</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="JD2301"/>
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        <balance>35.0000000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
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                <issuerName>JD.COM INC ADR</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>VALMONT INDUSTRIES INC</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="VMI230"/>
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        <balance>30.0000000000</balance>
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        <curCd>USD</curCd>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>The Options Clearing Corporation</counterpartyName>
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                <issuerName>VALMONT INDUSTRIES</issuerName>
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      <invstOrSec>
        <name>NORTONLIFELOCK INC</name>
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        <securityLending>
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      <invstOrSec>
        <name>NOVELIS CORP</name>
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          <isin value="US670001AE60"/>
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      <invstOrSec>
        <name>OI EUROPEAN GROUP BV</name>
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      <invstOrSec>
        <name>ON SEMICONDUCTOR CORP</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
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      <invstOrSec>
        <name>SHELL PLC</name>
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        <name>BUMRUNGRAD HOSPITAL PCL</name>
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      <invstOrSec>
        <name>1375209 BC LTD</name>
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        <name>ONEMAIN FINANCE CORP</name>
        <lei>5493008I795YYBFWFU90</lei>
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        <name>BANK CENTRAL ASIA TBK PT</name>
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        <name>PING AN INSURANCE GROUP CO OF CHINA LTD</name>
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        <name>LI NING CO LTD</name>
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        <name>LOCALIZA RENT A CAR SA</name>
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        <title>LOCALIZA RENT A CAR COMMON STOCK</title>
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        <name>OPEN TEXT CORP</name>
        <lei>549300HP7ONDQODZJV16</lei>
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          <ticker value="OTEX49"/>
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      <invstOrSec>
        <name>LEONARDO SPA</name>
        <lei>529900X4EEX1U9LN3U39</lei>
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      <invstOrSec>
        <name>SEVEN &amp; I HOLDINGS CO LTD</name>
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      <invstOrSec>
        <name>BAIDU INC</name>
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        <name>HANA FINANCIAL GROUP INC</name>
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        <name>TOTVS SA</name>
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        <name>NORSK HYDRO ASA</name>
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        <name>PTT EXPLORATION &amp; PRODUCTION PCL</name>
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        <name>CIE AUTOMOTIVE SA</name>
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        <name>OPEN TEXT HOLDINGS INC</name>
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        <name>ORGANON &amp; CO/ORG</name>
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        <name>INDIAN HOTELS CO LTD</name>
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        <name>PAGE INDUSTRIES LTD</name>
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        <name>PNC FINANCIAL SERVICES</name>
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        <name>PPL CAPITAL FUNDING INC</name>
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        <name>PTC INC</name>
        <lei>54930050SSMU8SKDJ030</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>REXEL SA</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>REXEL SA COMMON STOCK EUR5.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
          <ticker value="RXL"/>
          <other otherDesc="SEDOL" value="B1VP0K0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>YOUGOV PLC</name>
        <lei>213800MZGBGCJIPOBB41</lei>
        <title>YOUGOV PLC COMMON STOCK GBP.002</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1VQ6H25"/>
          <ticker value="YOU"/>
          <other otherDesc="SEDOL" value="B1VQ6H2"/>
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        <balance>2195.0000000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.8719920000"/>
        <valUSD>22467.5800000000</valUSD>
        <pctVal>0.0238568677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAR PETRO LLC / FIN CORP</name>
        <lei>N/A</lei>
        <title>PAR PETRO LLC / FIN CORP SR SECURED 144A 12/25 7.75</title>
        <cusip>69889MAA0</cusip>
        <identifiers>
          <isin value="US69889MAA09"/>
          <ticker value="PARP45"/>
          <other otherDesc="SEDOL" value="BD3MN37"/>
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        <balance>69000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66352.4700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2025-12-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK INTERMED HOLDINGS</name>
        <lei>N/A</lei>
        <title>PARK INTERMED HOLDINGS SR SECURED 144A 10/28 5.875</title>
        <cusip>70052LAB9</cusip>
        <identifiers>
          <isin value="US70052LAB99"/>
          <ticker value="PKIH50"/>
          <other otherDesc="SEDOL" value="BMGWP75"/>
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        <balance>23000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20894.1200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AALBERTS NV</name>
        <lei>549300EMP9DT6Q35HZ31</lei>
        <title>AALBERTS NV COMMON STOCK EUR.25</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000852564"/>
          <ticker value="AALB"/>
          <other otherDesc="SEDOL" value="B1W8P14"/>
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        <balance>610.0000000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.0118900000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABB INDIA LTD</name>
        <lei>N/A</lei>
        <title>ABB INDIA LTD COMMON STOCK INR2.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE117A01022"/>
          <ticker value="ABB"/>
          <other otherDesc="SEDOL" value="B1Y9QS9"/>
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        <balance>570.0000000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DLF LTD</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF LTD COMMON STOCK INR2.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE271C01023"/>
          <ticker value="DLF"/>
          <other otherDesc="SEDOL" value="B1YLCV0"/>
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        <balance>22500.0000000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HYPERA SA</name>
        <lei>N/A</lei>
        <title>HYPERA SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHYPEACNOR0"/>
          <ticker value="HYPE3"/>
          <other otherDesc="SEDOL" value="B2QY968"/>
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        <balance>16695.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1655000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARKLAND CORP</name>
        <lei>549300XHQS1JYWBNK868</lei>
        <title>PARKLAND CORP COMPANY GUAR 144A 07/27 5.875</title>
        <cusip>70137TAP0</cusip>
        <identifiers>
          <isin value="US70137TAP03"/>
          <ticker value="PKIUF4"/>
          <other otherDesc="SEDOL" value="BK60HG8"/>
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        <balance>45000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42654.6000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PATRICK INDUSTRIES INC</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>PATRICK INDUSTRIES INC COMPANY GUAR 144A 05/29 4.75</title>
        <cusip>703343AD5</cusip>
        <identifiers>
          <isin value="US703343AD59"/>
          <ticker value="PATK51"/>
          <other otherDesc="SEDOL" value="BMF1LT7"/>
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        <balance>67000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51024.5200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AREZZO INDUSTRIA E COMERCIO SA</name>
        <lei>N/A</lei>
        <title>AREZZO INDUSTRIA E COMERCIO COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="BRARZZACNOR3"/>
          <ticker value="ARZZ3"/>
          <other otherDesc="SEDOL" value="B3NS1W0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>L'OCCITANE INTERNATIONAL SA</name>
        <lei>549300TLZP9DZV3ROI47</lei>
        <title>L OCCITANE INTERNATIONAL SA COMMON STOCK EUR.03</title>
        <cusip>N/A</cusip>
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          <isin value="LU0501835309"/>
          <ticker value="973"/>
          <other otherDesc="SEDOL" value="B3PG229"/>
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        <balance>9250.0000000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.8496500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAMSONITE INTERNATIONAL SA</name>
        <lei>549300UULS5HYFJSEL12</lei>
        <title>SAMSONITE INTERNATIONAL SA COMMON STOCK USD.01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0633102719"/>
          <ticker value="1910"/>
          <other otherDesc="SEDOL" value="B4Q1532"/>
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        <balance>92400.0000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8496500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIA GROUP LTD</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
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        <balance>100600.0000000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>SANDS CHINA LTD</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>SANDS CHINA LTD COMMON STOCK USD.01</title>
        <cusip>N/A</cusip>
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          <isin value="KYG7800X1079"/>
          <ticker value="1928"/>
          <other otherDesc="SEDOL" value="B5B23W2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <name>CIELO SA</name>
        <lei>N/A</lei>
        <title>CIELO SA COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="BRCIELACNOR3"/>
          <ticker value="CIEL3"/>
          <other otherDesc="SEDOL" value="B614LY3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>ABCAM PLC</name>
        <lei>213800B9N83DSNT33F79</lei>
        <title>ABCAM PLC COMMON STOCK GBP.002</title>
        <cusip>N/A</cusip>
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          <isin value="GB00B6774699"/>
          <ticker value="ABC"/>
          <other otherDesc="SEDOL" value="B677469"/>
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        <balance>1665.0000000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>RAIA DROGASIL SA</name>
        <lei>N/A</lei>
        <title>RAIA DROGASIL SA COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="BRRADLACNOR0"/>
          <ticker value="RADL3"/>
          <other otherDesc="SEDOL" value="B7FQV64"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PATTERSON-UTI ENERGY INC</name>
        <lei>254900XGFBKIXD6G0697</lei>
        <title>PATTERSON UTI ENERGY INC SR UNSECURED 11/29 5.15</title>
        <cusip>703481AC5</cusip>
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          <isin value="US703481AC52"/>
          <other otherDesc="SEDOL" value="BK8J633"/>
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        <balance>43000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37926.8600000000</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>
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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>PELOTON INTERACTIVE INC</name>
        <lei>5493002YS021166W0339</lei>
        <title>PELOTON INTERACTIVE INC SR UNSECURED 02/26 0.00000</title>
        <cusip>70614WAB6</cusip>
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          <isin value="US70614WAB63"/>
          <other otherDesc="SEDOL" value="BP92B86"/>
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        <balance>15000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10796.2500000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
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          <isContngtConvrtbl>Y</isContngtConvrtbl>
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            <dbtSecRefInstrument>
              <name>PELOTON INTERACTIVE INC</name>
              <title>PELOTON INTERACTIVE INC</title>
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                <cusip value="N/A"/>
                <isin value="US70614W1009"/>
                <ticker value="PTON"/>
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            <currencyInfo convRatio="4.18" curCd="USD"/>
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        <securityLending>
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      <invstOrSec>
        <name>SAGE GROUP PLC/THE</name>
        <lei>N/A</lei>
        <title>SAGE GROUP PLC/THE COMMON STOCK GBP.01051948</title>
        <cusip>N/A</cusip>
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          <isin value="GB00B8C3BL03"/>
          <ticker value="SGE"/>
          <other otherDesc="SEDOL" value="B8C3BL0"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>STEADFAST GROUP LTD</name>
        <lei>N/A</lei>
        <title>STEADFAST GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000SDF8"/>
          <ticker value="SDF"/>
          <other otherDesc="SEDOL" value="BCT5FD7"/>
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        <balance>5340.0000000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.5633550000"/>
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        <pctVal>0.0183700041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VARUN BEVERAGES LTD</name>
        <lei>33580058NWEMWBDNMD48</lei>
        <title>VARUN BEVERAGES LTD COMMON STOCK INR10.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE200M01013"/>
          <ticker value="VBL"/>
          <other otherDesc="SEDOL" value="BD0RYG5"/>
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        <balance>8785.0000000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.7775000000"/>
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        <pctVal>0.1183024277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HANGZHOU TIGERMED CONSULTING CO LTD</name>
        <lei>N/A</lei>
        <title>HANGZHOU TIGERMED CONSULTI A COMMON STOCK CNY1.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001KV8"/>
          <ticker value="300347"/>
          <other otherDesc="SEDOL" value="BD5CCK5"/>
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        <balance>4500.0000000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.2986000000"/>
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        <pctVal>0.0546038780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENINSULA PACIFIC ENTERT</name>
        <lei>N/A</lei>
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        <cusip>70715XAA4</cusip>
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          <isin value="US70715XAA46"/>
          <ticker value="PPEL50"/>
          <other otherDesc="SEDOL" value="BMXWRY9"/>
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        <balance>55000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59139.3000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PERFORMANCE FOOD GROUP I</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>PERFORMANCE FOOD GROUP I COMPANY GUAR 144A 08/29 4.25</title>
        <cusip>71376LAE0</cusip>
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          <isin value="US71376LAE02"/>
          <other otherDesc="SEDOL" value="BNHT925"/>
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        <balance>43000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36635.5700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WILLIAMS SCOTSMAN INTL</name>
        <lei>N/A</lei>
        <title>WILLIAMS SCOTSMAN INTL SR SECURED 144A 06/25 6.125</title>
        <cusip>71953LAA9</cusip>
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          <isin value="US71953LAA98"/>
          <ticker value="PCIS49"/>
          <other otherDesc="SEDOL" value="BM8BF47"/>
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        <balance>43000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42946.6800000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1250000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PILGRIM'S PRIDE CORP</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>PILGRIM S PRIDE CORP COMPANY GUAR 144A 09/27 5.875</title>
        <cusip>72147KAE8</cusip>
        <identifiers>
          <isin value="US72147KAE82"/>
          <ticker value="JBSAY4"/>
          <other otherDesc="SEDOL" value="BF0KZ32"/>
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        <balance>45000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44059.9500000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8750000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>SUNGROW POWER SUPPLY CO LTD</name>
        <lei>30030052IWC7RGVFG505</lei>
        <title>SUNGROW POWER SUPPLY CO LT A COMMON STOCK CNY1.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018M7"/>
          <ticker value="300274"/>
          <other otherDesc="SEDOL" value="BD5CGB4"/>
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        <balance>4500.0000000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.2986000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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      <invstOrSec>
        <name>VENUSTECH GROUP INC</name>
        <lei>N/A</lei>
        <title>VENUSTECH GROUP INC A COMMON STOCK CNY1.0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000QJ2"/>
          <ticker value="002439"/>
          <other otherDesc="SEDOL" value="BD5CJQ0"/>
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        <balance>7100.0000000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.2986000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>PILGRIM'S PRIDE CORP</name>
        <lei>N/A</lei>
        <title>PILGRIM S PRIDE CORP COMPANY GUAR 144A 04/31 4.25</title>
        <cusip>72147KAF5</cusip>
        <identifiers>
          <isin value="US72147KAF57"/>
          <other otherDesc="SEDOL" value="BNZGZ97"/>
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        <balance>35000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29346.8000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PLAINS ALL AMERICAN PIPE</name>
        <lei>5521FA2ITF25TVH63740</lei>
        <title>PLAINS ALL AMERICAN PIPE JR SUBORDINA 12/99 VAR</title>
        <cusip>726503AE5</cusip>
        <identifiers>
          <isin value="US726503AE55"/>
          <ticker value="PAA455"/>
          <other otherDesc="SEDOL" value="BF22XZ4"/>
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        <balance>50000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41519.0000000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>AIER EYE HOSPITAL GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>AIER EYE HOSPITAL GROUP CO A COMMON STOCK CNY1.0</title>
        <cusip>N/A</cusip>
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          <ticker value="300015"/>
          <other otherDesc="SEDOL" value="BD5CLQ4"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <securityLending>
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      <invstOrSec>
        <name>BYD CO LTD</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD  A COMMON STOCK CNY1.0</title>
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          <isin value="CNE100001526"/>
          <ticker value="002594"/>
          <other otherDesc="SEDOL" value="BD5CQ69"/>
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        <currencyConditional curCd="CNY" exchangeRt="7.2986000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>COMPASS GROUP PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GROUP PLC COMMON STOCK GBP.1105</title>
        <cusip>N/A</cusip>
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          <ticker value="CPG"/>
          <other otherDesc="SEDOL" value="BD6K457"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.8719920000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BANK OF IRELAND GROUP PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>BANK OF IRELAND GROUP PLC COMMON STOCK EUR1.0</title>
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          <isin value="IE00BD1RP616"/>
          <ticker value="BIRG"/>
          <other otherDesc="SEDOL" value="BDRXFJ6"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.0118900000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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      <invstOrSec>
        <name>PLAYTIKA HOLDING CORP</name>
        <lei>254900E35Z4TKA4UFG64</lei>
        <title>PLAYTIKA HOLDING CORP COMPANY GUAR 144A 03/29 4.25</title>
        <cusip>72815LAA5</cusip>
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          <isin value="US72815LAA52"/>
          <ticker value="PLTK51"/>
          <other otherDesc="SEDOL" value="BMYCMB0"/>
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        <curCd>USD</curCd>
        <valUSD>18341.8400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>POST HOLDINGS INC</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST HOLDINGS INC COMPANY GUAR 144A 03/27 5.75</title>
        <cusip>737446AM6</cusip>
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          <ticker value="POST44"/>
          <other otherDesc="SEDOL" value="BYNHPV1"/>
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        <curCd>USD</curCd>
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        <name>QVC INC</name>
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        <name>TENCENT HOLDINGS LTD</name>
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      <invstOrSec>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>WH SMITH PLC</name>
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        <name>FERTIGLOBE PLC</name>
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        <name>WEBJET LTD</name>
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        <name>RHP HOTEL PPTY/RHP FINAN</name>
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        <name>RLJ LODGING TRUST LP</name>
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        <name>PACTIV EVERGREEN GROUP</name>
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        <name>ROCHE HOLDINGS INC</name>
        <lei>PVJRP0EQNV6OGDPZGY95</lei>
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        <name>SCRIPPS ESCROW II INC SR UNSECURED 144A 01/31 5.375</name>
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          <ticker value="SEE539"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SENSATA TECHNOLOGIES INC</name>
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          <ticker value="ST5025"/>
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        <name>SHIFT4 PAYMENTS INC</name>
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        <name>SILGAN HOLDINGS INC</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
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        <name>SINCLAIR TELEVISION GROU</name>
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        <name>SOUTHWESTERN ENERGY CO</name>
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        <name>SPEEDWAY MOT/SPEEDWAY FD</name>
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        <name>SPIRIT LOYALTY KY LTD/IP</name>
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        <name>SUNOCO LP/FINANCE CORP</name>
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        <name>TTM TECHNOLOGIES INC</name>
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        <name>UNITED WHOLESALE MTGE LL</name>
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        <name>UNIVAR SOLUTIONS USA INC</name>
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        <name>CENTRAL GARDEN &amp; PET CO</name>
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        <name>LUMEN TECHNOLOGIES INC</name>
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        <name>LUMEN TECHNOLOGIES INC</name>
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        <name>LUMEN TECHNOLOGIES INC</name>
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        <name>CHARLES RIVER LABORATORI</name>
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        <name>CHEMOURS CO</name>
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        <name>CHENIERE ENERGY PARTNERS</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>DEXCOM INC</name>
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      <invstOrSec>
        <name>DIAMOND FRGN/DIAMOND FIN</name>
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          <ticker value="L51799"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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      <invstOrSec>
        <name>DIAMOND SPORTS GR/DIAMON</name>
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          <ticker value="DSGR48"/>
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      <invstOrSec>
        <name>DIAMOND SPORTS GR/DIAMON</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <name>EQM MIDSTREAM PARTNERS L</name>
        <lei>549300NELT611CL6XM83</lei>
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      <invstOrSec>
        <name>ECO MATERIAL TECH INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>EDGEWELL PERSONAL CARE</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
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          <isin value="US28035QAB86"/>
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        <curCd>USD</curCd>
        <valUSD>45341.5000000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN INC</name>
        <lei>549300FA4CTCW903Y781</lei>
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          <ticker value="ERI500"/>
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        <curCd>USD</curCd>
        <valUSD>20523.3000000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>EMBARQ CORP</name>
        <lei>N/A</lei>
        <title>EMBARQ CORP SR UNSECURED 06/36 7.995</title>
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          <isin value="US29078EAA38"/>
          <ticker value="CTL366"/>
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        <curCd>USD</curCd>
        <valUSD>13394.7000000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.9950000000</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>EMBECTA CORP</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>EMBECTA CORP SR SECURED 144A 02/30 5</title>
        <cusip>29082KAA3</cusip>
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          <ticker value="BDX535"/>
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        <balance>33000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28356.2400000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMBECTA CORP</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>EMBECTA CORP SR SECURED 144A 02/30 6.75</title>
        <cusip>29082KAB1</cusip>
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          <isin value="US29082KAB17"/>
          <ticker value="BDX538"/>
          <other otherDesc="SEDOL" value="BQ2H204"/>
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        <balance>11000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10072.3700000000</valUSD>
        <pctVal>0.0106951972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.7500000000</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>ENBRIDGE INC</name>
        <lei>N/A</lei>
        <title>ENBRIDGE INC JR SUBORDINA 01/83 VAR</title>
        <cusip>29250NBN4</cusip>
        <identifiers>
          <isin value="US29250NBN49"/>
          <other otherDesc="SEDOL" value="BMGCGM7"/>
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        <balance>25000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23867.5000000000</valUSD>
        <pctVal>0.0253433521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2083-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.3750000000</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>ENCOMPASS HEALTH CORP</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>ENCOMPASS HEALTH CORP COMPANY GUAR 02/28 4.5</title>
        <cusip>29261AAA8</cusip>
        <identifiers>
          <isin value="US29261AAA88"/>
          <other otherDesc="SEDOL" value="BK73CG1"/>
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        <balance>20000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17901.8000000000</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5000000000</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>ENCOMPASS HEALTH CORP</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>ENCOMPASS HEALTH CORP COMPANY GUAR 02/30 4.75</title>
        <cusip>29261AAB6</cusip>
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          <isin value="US29261AAB61"/>
          <ticker value="EHC488"/>
          <other otherDesc="SEDOL" value="BK7CR30"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17067.2000000000</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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          <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>ENERGIZER HOLDINGS INC</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENERGIZER HOLDINGS INC COMPANY GUAR 144A 03/29 4.375</title>
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          <ticker value="ENR504"/>
          <other otherDesc="SEDOL" value="BMD3QC3"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47776.4300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENERGIZER HOLDINGS INC</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENERGIZER HOLDINGS INC COMPANY GUAR 144A 12/27 6.5</title>
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          <ticker value="ENR537"/>
          <other otherDesc="SEDOL" value="BM8HR61"/>
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        <curCd>USD</curCd>
        <valUSD>9164.4000000000</valUSD>
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          <isLoanByFund>N</isLoanByFund>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP JR SUBORDINA 11/66 VAR</title>
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          <ticker value="ETP407"/>
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        <curCd>USD</curCd>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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        <name>ENERSYS</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
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        <name>ENDURANCE INTERNATIONAL</name>
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          <ticker value="ENDGT5"/>
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        <name>ENLINK MIDSTREAM PARTNER</name>
        <lei>88CPW63VL7KHJWS0NY83</lei>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENLINK MIDSTREAM PARTNER</name>
        <lei>88CPW63VL7KHJWS0NY83</lei>
        <title>ENLINK MIDSTREAM PARTNER JR SUBORDINA 12/99 VAR</title>
        <cusip>29336UAH0</cusip>
        <identifiers>
          <isin value="US29336UAH05"/>
          <ticker value="ENLC45"/>
          <other otherDesc="SEDOL" value="BF97ND0"/>
        </identifiers>
        <balance>60000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46182.6000000000</valUSD>
        <pctVal>0.0490383111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2099-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.0000000000</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>ENPHASE ENERGY INC</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>ENPHASE ENERGY INC SR UNSECURED 03/26 0.00000</title>
        <cusip>29355AAH0</cusip>
        <identifiers>
          <isin value="US29355AAH05"/>
          <other otherDesc="SEDOL" value="BNHNMS4"/>
        </identifiers>
        <balance>1382000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1697662.6200000000</valUSD>
        <pctVal>1.8026379582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>0.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>ENPHASE ENERGY INC</name>
              <title>ENPHASE ENERGY INC</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="N/A"/>
                <isin value="US29355A1079"/>
                <ticker value="ENPH"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="3.2523" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTERCOM MEDIA CORP</name>
        <lei>549300S5JUSXRHNCHD80</lei>
        <title>ENTERCOM MEDIA CORP SECURED 144A 05/27 6.5</title>
        <cusip>29365DAA7</cusip>
        <identifiers>
          <isin value="US29365DAA72"/>
          <ticker value="ETM482"/>
          <other otherDesc="SEDOL" value="BK97MV6"/>
        </identifiers>
        <balance>27000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7970.4000000000</valUSD>
        <pctVal>0.0084632514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The Fund has a leverage facility that allows the lender to act as securities lending agent on the Fund's behalf. Under this facility the lender accepts only cash collateral for securities loaned on the Fund's behalf and the collateral remains with the lender to reduce the Fund's borrowing cost. A more detailed description of the Fund's leverage facility is in the Notes to Financial Statements contained in the Fund's most recent annual report.  As of October 31, 2022 the cash collateral for securities lent held at the lender is $23,258,939." noteItem="C.12.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-12-22</ncom:dateSigned>
      <ncom:nameOfApplicant>Calamos Global Total Return Fund</ncom:nameOfApplicant>
      <ncom:signature>Stephen Atkins</ncom:signature>
      <ncom:signerName>Stephen Atkins</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
