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      <regStreet1>3025 JFK Boulevard</regStreet1>
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      <repPdEnd>2026-12-31</repPdEnd>
      <repPdDate>2026-03-31</repPdDate>
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        <fairValLevel>2</fairValLevel>
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        <name>Hexion Holdings Corporation</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>LaserShip Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>M2S Group Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Monitronics International Inc</name>
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        <title>Monitronics International Inc 2023 Exit Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL MENTOR HOLDINGS INC</name>
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        <title>National Mentor Holdings Inc 2025 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New WPCC Parent LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>1440 Food Topco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Padagis LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ranpak Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RANPAK CORPORATION</name>
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        <title>Ranpak Corporation 2024 Dutch Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Recovery Solutions Parent LLC</name>
        <lei>N/A</lei>
        <title>Recovery Solutions Parent LLC Term Loan</title>
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        <fairValLevel>3</fairValLevel>
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        <name>Springs Windows Fashions LLC</name>
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        <title>Springs Windows Fashions LLC 2024 FLFO A1 Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Springs Windows Fashions LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>S&amp;S Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Titan Purchaser Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RealTruck Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TruGreen Limited Partnership</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Veritiv Corporation</name>
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        <title>Veritiv Corporation Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PMHC II INC</name>
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        <title>PMHC II Inc 2026 1st Out Term Loan A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>VOYAGER PARENT LLC</name>
        <lei>2549002DYVI4ACSV4V71</lei>
        <title>Voyager Parent LLC Repriced Term Loan B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WH Borrower LLC</name>
        <lei>2549009H920CQUE3R944</lei>
        <title>WH Borrower LLC 2025 Term Loan B</title>
        <cusip>92942LAG6</cusip>
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          <isin value="US92942LAG68"/>
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        <balance>4952525.13000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4962207.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Revlon Intermediate Holdings IV LLC</name>
        <lei>2MKZBE7NMX7EJWQLHS95</lei>
        <title>Revlon Intermediate Holdings IV LLC 2023 Exit Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX212232"/>
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        <balance>6894989.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6802665.94000000</valUSD>
        <pctVal>0.994169241626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSIV BRANDS, LLC</name>
        <lei>N/A</lei>
        <title>MASSIV BRANDS, LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="955ZEUII9"/>
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        <balance>83318.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>445082.01000000</valUSD>
        <pctVal>0.065046093435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wilsonart LLC</name>
        <lei>549300SAZRUMYKDJBY14</lei>
        <title>Wilsonart LLC 2024 Term Loan B</title>
        <cusip>97246FAM8</cusip>
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          <isin value="US97246FAM86"/>
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        <balance>4907469.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4287901.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARREL FISH LLC</name>
        <lei>N/A</lei>
        <title>HARREL FISH LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABZMH0"/>
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        <balance>13214.29000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15193.00000000</valUSD>
        <pctVal>0.002220366753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Global Financial Products, Inc.</name>
        <lei>0Z3VO5H2G7GRS05BHJ91</lei>
        <title>Long: 644323107 TRS USD R E 644323107 TRS EQUITY / Short: 644323107 TRS USD P V 00MOBFR OBFR +250 BPS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="644323107"/>
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        <balance>11100255.32000000</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>162372.58000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Nomura Global Financial Products, Inc.</counterpartyName>
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              <otherRefInst>
                <issuerName>FS Specialty Lending Fund</issuerName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 day USD OBFR" floatingRtSpread="2.50000000" pmntAmt="-24900.89000000">
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            <unrealizedAppr>162372.58000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX228018  TRS USD R F   .00000 D2007ZAE7 RE / Short: LX228018  TRS USD P V 00MSOFR SOFRRATE +125BPS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="LX228018"/>
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        <balance>2000000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-40000.00000000</valUSD>
        <pctVal>-0.00584576253</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
              <counterpartyLei>6EWKU0FGVX5QQJHFGT48</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Delivery Hero SE</issuerName>
                <issueTitle>Delivery Hero SE</issueTitle>
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                  <isin value="XAD2007ZAE79"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">equity-performance leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 day USD SOFR" floatingRtSpread="1.25000000" pmntAmt="0.00000000">
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            <terminationDt>2029-12-12</terminationDt>
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            <notionalAmt>2000000.00000000</notionalAmt>
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            <unrealizedAppr>-40000.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX195161  TRS USD R F   .00000 05552DAD4 RE / Short: LX195161  TRS USD P V 00MSOFR0 SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="LX195161"/>
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        <balance>6910373.60000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>-15587.30000000</valUSD>
        <pctVal>-0.00227799135</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
              <counterpartyLei>6EWKU0FGVX5QQJHFGT48</counterpartyLei>
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            <descRefInstrmnt>
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                <issuerName>BCPE North Star U.S. HoldCo 2, Inc.</issuerName>
                <issueTitle>BCPE North Star U.S. HoldCo 2, Inc.</issueTitle>
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                  <cusip value="05552DAD4"/>
                  <isin value="US05552DAD49"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">equity-performance leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 day USD SOFR" floatingRtSpread="1.25000000" pmntAmt="-20642.83000000">
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            <terminationDt>2028-06-10</terminationDt>
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            <notionalAmt>6910373.60000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-15587.30000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX263489  TRS USD R F   .00000 02403MAR1 RE / Short: LX263489  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="LX263489"/>
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        <balance>7805020.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>71142.40000000</valUSD>
        <pctVal>0.010397039407</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
              <counterpartyLei>6EWKU0FGVX5QQJHFGT48</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>American Auto Auction Group LLC</issuerName>
                <issueTitle>American Auto Auction Group LLC</issueTitle>
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                  <cusip value="02403MAR1"/>
                  <isin value="US02403MAR16"/>
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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>71142.40000000</unrealizedAppr>
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      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX268053  TRS USD R F   .00000 45074HAC2 RE / Short: LX268053  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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        <balance>1995000.00000000</balance>
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        <valUSD>-3340.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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              <otherRefInst>
                <issuerName>IXS Holdings, Inc.</issuerName>
                <issueTitle>IXS Holdings, Inc.</issueTitle>
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      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX269580  TRS USD R F   .00000 52729KAU0 RE / Short: LX269580  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
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        <balance>2007500.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Level 3 Financing, Inc.</issuerName>
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      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX258715  TRS USD R F   .00000 92942LAG6 RE / Short: LX258715  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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                <issuerName>WH Borrower LLC</issuerName>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <notionalAmt>2010000.00000000</notionalAmt>
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            <unrealizedAppr>-11560.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX192902  TRS USD R F   .00000 78524HAB1 RE / Short: LX192902  TRS USD P V 00MSOFR SOFRRATE+125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX192902"/>
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        <balance>1999000.00000000</balance>
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        <valUSD>-111500.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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                <issuerName>S&amp;S Holdings LLC</issuerName>
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            </descRefInstrmnt>
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            <notionalAmt>1999000.00000000</notionalAmt>
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            <unrealizedAppr>-111500.00000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX257433  TRS USD R F   .00000 37987UAG7 RE / Short: LX257433  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX257433"/>
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        <balance>6952475.25000000</balance>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Gloves Buyer, Inc.</issuerName>
                <issueTitle>Gloves Buyer, Inc.</issueTitle>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>-1396.50000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX217076  TRS USD R F   .00000 12620BAR1 RE / Short: LX217076  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX217076"/>
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        <balance>6880787.86000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CPM Holdings, Inc.</issuerName>
                <issueTitle>CPM Holdings, Inc.</issueTitle>
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                  <cusip value="12620BAR1"/>
                  <isin value="US12620BAR15"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 day USD SOFR" floatingRtSpread="1.25000000" pmntAmt="-19617.87000000">
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            </floatingPmntDesc>
            <terminationDt>2028-09-28</terminationDt>
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            <notionalAmt>6880787.86000000</notionalAmt>
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            <unrealizedAppr>46010.51000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX219615  TRS USD R F   .00000 92338TAB2 RE / Short: LX219615  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="LX219615"/>
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        <balance>1990000.00000000</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>-50000.00000000</valUSD>
        <pctVal>-0.00730720316</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Veritiv Corp.</issuerName>
                <issueTitle>Veritiv Corp.</issueTitle>
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                  <cusip value="92338TAB2"/>
                  <isin value="US92338TAB26"/>
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              </otherRefInst>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 day USD SOFR" floatingRtSpread="1.25000000" pmntAmt="0.00000000">
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            <notionalAmt>1990000.00000000</notionalAmt>
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            <unrealizedAppr>-50000.00000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX238593  TRS USD R F   .00000 97246FAM8 RE / Short: LX238593  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX238593"/>
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        <balance>1945000.00000000</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>-210000.00000000</valUSD>
        <pctVal>-0.03069025328</pctVal>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
              <counterpartyLei>6EWKU0FGVX5QQJHFGT48</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Wilsonart LLC</issuerName>
                <issueTitle>Wilsonart LLC</issueTitle>
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                  <cusip value="97246FAM8"/>
                  <isin value="US97246FAM86"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 day USD SOFR" floatingRtSpread="1.25000000" pmntAmt="0.00000000">
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            <notionalAmt>1945000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-210000.00000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX239857  TRS USD R F   .00000 55287CAB7 RE / Short: LX239857  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="LX239857"/>
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        <balance>1984000.00000000</balance>
        <units>OU</units>
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        <curCd>USD</curCd>
        <valUSD>-35660.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>M2S Group Holdings, Inc.</issuerName>
                <issueTitle>M2S Group Holdings, Inc.</issueTitle>
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                  <cusip value="55287CAB7"/>
                  <isin value="US55287CAB72"/>
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              </otherRefInst>
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            <swapFlag>Y</swapFlag>
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            <notionalAmt>1984000.00000000</notionalAmt>
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            <unrealizedAppr>-35660.00000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX267639  TRS USD R F   .00000 C4953EAH8 RE / Short: LX267639  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX267639"/>
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        <balance>5820412.50000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>KDC/ONE Development Corp., Inc.</issuerName>
                <issueTitle>KDC/ONE Development Corp., Inc.</issueTitle>
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                  <isin value="XAC4953EAH80"/>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX259123  TRS USD R F   .00000 50219NAM3 RE / Short: LX259123  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX259123"/>
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        <balance>1950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-80000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LSCS Holdings, Inc.</issuerName>
                <issueTitle>LSCS Holdings, Inc.</issueTitle>
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            <swapFlag>Y</swapFlag>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
        <title>Long: LX248021  TRS USD R F   .00000 89458XAB3 RE / Short: LX248021  TRS USD P V 00MSOFR SOFRRATE +125 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="LX248021"/>
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        <balance>3584522.40000000</balance>
        <units>OU</units>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP Paribas Financial Markets</counterpartyName>
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                <issuerName>Glatfelter Corp.</issuerName>
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            <swapFlag>Y</swapFlag>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Financial Markets</name>
        <lei>6EWKU0FGVX5QQJHFGT48</lei>
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        <fairValLevel>2</fairValLevel>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>SOLOCAL GROUP SA</name>
        <lei>9695005U38X1SF184325</lei>
        <title>Solocal Group SA</title>
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          <isin value="FR001400REP3"/>
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        <fairValLevel>2</fairValLevel>
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        <name>P.F. Chang's China Bistro Inc.</name>
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          <other otherDesc="LoanX ID" value="LX256399"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Array Midco Corp</name>
        <lei>2549006QJO7TR3GSGI51</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CCS Acquisition Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>CCS Acquisition, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Project Granite Buyer Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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        <name>Project Granite Buyer Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>3</fairValLevel>
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        <name>Project Granite Buyer Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Accupac LLC</name>
        <lei>254900YT24DHW6P5YE87</lei>
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        <curCd>USD</curCd>
        <valUSD>5121889.65000000</valUSD>
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        <fairValLevel>3</fairValLevel>
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        <name>Accupac LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Array Midco Corp</name>
        <lei>2549006QJO7TR3GSGI51</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>APG Intermediate Holdings Corporation</name>
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        <fairValLevel>3</fairValLevel>
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        <name>OLIBRE BORROWER LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Sterling Entertainment Enterprises LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>STRYTEN ENERGY RESOURCES LLC</name>
        <lei>N/A</lei>
        <title>Stryten Energy Resources LLC Term Loan</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>LSCS Holdings Inc</name>
        <lei>N/A</lei>
        <title>LSCS Holdings Inc 2025 Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX259123"/>
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        <balance>3202537.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3022395.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Loungers</name>
        <lei>213800FA4HQ339CRNN34</lei>
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          <other otherDesc="Internal Identifier" value="BA000GXF2"/>
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        <balance>6200000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FUTURE PAK LLC</name>
        <lei>N/A</lei>
        <title>Future Pak LLC 2025 Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000HCF3"/>
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        <balance>7480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7339750.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LTC CONSULTING SERVICES LLC</name>
        <lei>N/A</lei>
        <title>LTC Consulting Services LLC Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000JST2"/>
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        <balance>6526439.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6461175.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>LTC CONSULTING SERVICES LLC</name>
        <lei>N/A</lei>
        <title>LTC Consulting Services LLC Revolver</title>
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          <other otherDesc="Internal Identifier" value="BA000JSV7"/>
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        <balance>424242.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>420000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRIMLIGHT INC</name>
        <lei>N/A</lei>
        <title>Trimlight Inc Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JWW0"/>
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        <balance>5890131.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5801779.60000000</valUSD>
        <pctVal>0.847895645014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.67000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRIMLIGHT INC</name>
        <lei>N/A</lei>
        <title>Trimlight Inc Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JY65"/>
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        <balance>736842.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>725789.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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      <invstOrSec>
        <name>Restoration Forest Products Group LLC</name>
        <lei>N/A</lei>
        <title>Restoration Forest Products Group LLC 2025 PIK Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JY81"/>
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        <balance>8898566.45000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>13.67000000</annualizedRt>
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      <invstOrSec>
        <name>SkyZone</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000K1X9"/>
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        <balance>3473750.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SkyZone</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000K1Y7"/>
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        <balance>3491250.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MedPro</name>
        <lei>N/A</lei>
        <title>MedPro Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="LoanX ID" value="LX263660"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Mood Media Borrower,LLC,</name>
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        <title>Mood Media BorrowerLLC 2025 Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000KRY9"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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        <name>Mood Media Borrower,LLC,</name>
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          <other otherDesc="Internal Identifier" value="BA000KS36"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Firmus Metal Singapore Pe Ltd.</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000L8J1"/>
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        <fairValLevel>3</fairValLevel>
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        <name>MASSIV BRANDS LLC</name>
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          <other otherDesc="Internal Identifier" value="BA000M4C8"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
        <title>Shepherd Intermediate LLC Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000MD20"/>
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        <balance>5175824.72000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>10.90000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.64000000</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>Digicel International Finance Limited</name>
        <lei>5493007V023VOEW4FK27</lei>
        <title>Digicel International Finance Limited 2025 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG2761UAC53"/>
        </identifiers>
        <balance>5877861.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5885208.45000000</valUSD>
        <pctVal>0.860088276148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.92000000</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>Oregon Tool, Inc.</name>
        <lei>N/A</lei>
        <title>Oregon Tool Inc 2025 1st Lien Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL7266PAC94"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5087500.00000000</valUSD>
        <pctVal>0.743507921950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.00000000</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="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Please see notes to financial statements or N-PORT part F for a glossary of swap paid and received terms." noteItem="C.11.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>FS Credit Income Fund</ncom:nameOfApplicant>
      <ncom:signature>William Goebel</ncom:signature>
      <ncom:signerName>William Goebel</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
