The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AEROVIRONMENT INC COM 008073108 2,923,241 12,085 SH SOLE 2 12,085 0 0
AMAZON.COM INC COM 023135106 5,539,680 24,000 SH SOLE 2 24,000 0 0
ARES CAPITAL CORP COM 04010L103 505,750 25,000 SH SOLE 1 25,000 0 0
ARES COML REAL ESTATE CORP COM 04013V108 1,027,399 214,937 SH SOLE 1 214,937 0 0
BLACKSTONE MORTGAGE TR NOTE 5.500% 3/1 09257WAE0 1,956,776 2,000,000 PRN SOLE 2 2,000,000 0 0
CAESARS ENTERTAINMENT INC COM 12769G100 2,734,057 116,890 SH SOLE 2 116,890 0 0
CCC INTELLIGENT SOLUTIONS HL COM 12510Q100 608,406 76,529 SH SOLE 1 76,529 0 0
CHENIERE ENERGY INC COM NEW 16411R208 4,902,516 25,220 SH SOLE 2 25,220 0 0
ELLINGTON CREDIT CO COM SHS BEN INT 288578107 3,207,849 608,700 SH SOLE 2 608,700 0 0
ELLINGTON FINANCIAL INC COM 28852N109 9,801,460 721,757 SH SOLE 2 721,757 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 23,447,873 1,421,945 SH SOLE 2 1,421,945 0 0
EXPAND ENERGY CORP COM 165167735 4,052,419 36,720 SH SOLE 2 36,720 0 0
ISHARES CHINA LARGE-CAP ETF CHINA LG-CAP ETF 464287184 18,240,973 476,390 SH SOLE 2 476,390 0 0
JANUS DETROIT STR TR B-BBB CLO ETF 47103U753 1,192,500 25,000 SH SOLE 1 25,000 0 0
JANUS HENDERSON AAA CLO ETF HENDRSON AAA CL 47103U845 42,825,833 846,695 SH SOLE 2 846,695 0 0
KARMAN HOLDINGS INC COMMON STOCK 485924104 3,998,375 54,645 SH SOLE 2 54,645 0 0
KRATOS DEFENSE & SECURITY SOL COM NEW 50077B207 3,342,317 44,030 SH SOLE 2 44,030 0 0
MFA FINL INC COM 55272X607 1,340,640 144,000 SH SOLE 1 144,000 0 0
MICROSOFT CORP COM 594918104 5,223,096 10,800 SH SOLE 2 10,800 0 0
OXFORD LANE CAP CORP COM 691543847 2,123,239 145,030 SH SOLE 1 145,030 0 0
SIXTH STREET SPECIALTY LENDI COM 83012A109 695,931 32,041 SH SOLE 1 32,041 0 0
TSMC SPONSORED ADS 874039100 14,535,059 47,830 SH SOLE 2 47,830 0 0
TWO HARBORS INV CORP NOTE 6.250% 1/1 90187BAB7 1,508,603 1,509,000 PRN SOLE 2 1,509,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,228,799 22,470 SH SOLE 2 22,470 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,720,106 8,240 SH SOLE 2 8,240 0 0
VANGUARD TOTAL STOCK MARKET E TOTAL STK MKT 922908769 13,880,178 41,400 SH SOLE 2 41,400 0 0
WALMART INC COM 931142103 6,324,199 56,760 SH SOLE 2 56,760 0 0
XTRACKERS HARVEST CSI 300 CHI XTRACK HRVST CSI 233051879 19,390,698 590,280 SH SOLE 2 590,280 0 0