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        <name>Adient Global Holdings Ltd.</name>
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        <name>Albertsons Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alumina Pty. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>APLD ComputeCo 2 LLC</name>
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        <name>Aramark Services, Inc.</name>
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        <name>Arches Buyer, Inc.</name>
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        <name>Ares Capital Corp.</name>
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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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Cable One, Inc.</name>
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        <name>Connect Finco SARL</name>
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        <name>DT Midstream, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Diamond Foreign Asset Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Diebold Nixdorf, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Directv Financing LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Discovery Communications LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH Network Corp.</name>
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        <name>Diversified Healthcare Trust</name>
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        <name>Edgewell Personal Care Co.</name>
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        <name>Eldorado Gold Corp.</name>
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        <name>Enact Holdings, Inc.</name>
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        <name>Light &amp; Wonder International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MGIC Investment Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Motion Bondco DAC</name>
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        <name>KFC Holding Co.</name>
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        <name>Newell Brands, Inc.</name>
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        <name>Newell Brands, Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Newell Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Media, Inc.</name>
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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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        <lei>549300KJEC5IUVJWR786</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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        <name>Nine Energy Service, Inc.</name>
        <lei>549300KRLJCZBPZMKT65</lei>
        <title>Nine Energy Service, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Noble Finance II LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>American Rock Salt Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gen Digital, Inc.</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVA Chemicals Corp.</name>
        <lei>549300ZOD6N7RI2FJP09</lei>
        <title>NOVA Chemicals Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVA Chemicals Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVA Chemicals Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVA Chemicals Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chord Energy Corp.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>Chord Energy Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oceaneering International, Inc.</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>Oceaneering International, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Television, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television, Inc., First Lien Term Loan D</title>
        <cusip>389376AZ7</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PG&amp;E Corp.</name>
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        <name>Post Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prestige Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Radian Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Range Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>RB Global Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rogers Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rogers Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ryan Specialty LLC</name>
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        <name>SBA Communications Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SESI LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SCIH Salt Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SS&amp;C Technologies, Inc.</name>
        <lei>549300KY09TR3J12JU49</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SV RNO Property Owner 1 LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenneco, Inc.</name>
        <lei>549300U0EXXFAQFAD785</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Clue Opco LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RealTruck Group, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc., First Lien Tranche Term Loan J</title>
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        <name>Light &amp; Wonder International, Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>Light &amp; Wonder International, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Scripps Escrow II, Inc.</name>
        <lei>N/A</lei>
        <title>Scripps Escrow II, Inc.</title>
        <cusip>81105DAA3</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Seadrill Finance Ltd.</name>
        <lei>213800WMN3OHFUDHD642</lei>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Seaspan Corp.</name>
        <lei>5493007Z8Q1H45KT7W98</lei>
        <title>Seaspan Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>MH</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIRECTV Financing LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Camelot U.S. Acquisition LLC</name>
        <lei>549300U6VBJHQP2SFL81</lei>
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        <cusip>L2000AAF7</cusip>
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          <isin value="XAL2000AAF74"/>
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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>2</fairValLevel>
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      <invstOrSec>
        <name>Caesars Entertainment, Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment, Inc., First Lien Term Loan B1</title>
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          <isin value="US12768EAH99"/>
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        <balance>6076000.00000000</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>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Motion Finco SARL</name>
        <lei>N/A</lei>
        <title>Motion Finco SARL, First Lien Facility Term Loan B3</title>
        <cusip>L6526BAG9</cusip>
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          <isin value="XAL6526BAG94"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sensata Technologies BV</name>
        <lei>PUCKW5P5O3XMOZVH7T53</lei>
        <title>Sensata Technologies BV</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sensata Technologies BV</name>
        <lei>PUCKW5P5O3XMOZVH7T53</lei>
        <title>Sensata Technologies BV</title>
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          <isin value="US81725WAL72"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2015214.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sensata Technologies, Inc.</name>
        <lei>5493002MMDDCUNV7NY90</lei>
        <title>Sensata Technologies, Inc.</title>
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          <isin value="US81728UAB08"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1114659.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Shea Homes LP</name>
        <lei>N/A</lei>
        <title>Shea Homes LP</title>
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          <isin value="US82088KAJ79"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shea Homes LP</name>
        <lei>N/A</lei>
        <title>Shea Homes LP</title>
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          <isin value="US82088KAK43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chromalloy Corp.</name>
        <lei>N/A</lei>
        <title>Chromalloy Corp., First Lien Term Loan</title>
        <cusip>17110EAB6</cusip>
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          <isin value="US17110EAB65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Simmons Foods, Inc.</name>
        <lei>N/A</lei>
        <title>Simmons Foods, Inc.</title>
        <cusip>82873MAA1</cusip>
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          <isin value="US82873MAA18"/>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC</title>
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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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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>Genesee &amp; Wyoming, Inc.</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming, Inc., First Lien Initial Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Natural Foods, Inc.</name>
        <lei>N/A</lei>
        <title>United Natural Foods, Inc., First Lien 2024 Term Loan</title>
        <cusip>91116KAD7</cusip>
        <identifiers>
          <isin value="US91116KAD72"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc.</title>
        <cusip>83545GBD3</cusip>
        <identifiers>
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        <balance>650000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SS&amp;C Technologies, Inc.</name>
        <lei>549300KY09TR3J12JU49</lei>
        <title>SS&amp;C Technologies, Inc., First Lien Term Loan B8</title>
        <cusip>78466DBJ2</cusip>
        <identifiers>
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        <balance>4128189.96070000</balance>
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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>Variable</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>1011778 B.C. Unlimited Liability Co.</name>
        <lei>549300RHSHNRWI5LLA86</lei>
        <title>1011778 B.C. Unlimited Liability Co., First Lien Term Loan B5</title>
        <cusip>C6901LAM9</cusip>
        <identifiers>
          <isin value="XAC6901LAM90"/>
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        <balance>3283153.12500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3283153.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.41774000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chart Industries, Inc.</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries, Inc., First Lien Amendment No. 7 Term Loan</title>
        <cusip>16115EAT4</cusip>
        <identifiers>
          <isin value="US16115EAT47"/>
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        <balance>4712985.62750000</balance>
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        <valUSD>4718876.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.18223000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMRLD Borrower LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMRLD Borrower LP, First Lien Second Amendment Incremental Term Loan</title>
        <cusip>26872NAD1</cusip>
        <identifiers>
          <isin value="US26872NAD12"/>
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        <balance>7544366.84130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7549549.82000000</valUSD>
        <pctVal>0.258650699861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.94961000</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>Jazz Financing Lux SARL</name>
        <lei>635400WUEO2NSG5OIU34</lei>
        <title>Jazz Financing Lux SARL, First Lien Dollar Tranche Term Loan B2</title>
        <cusip>G5080AAJ1</cusip>
        <identifiers>
          <isin value="XAG5080AAJ16"/>
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        <balance>13555828.59340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13605117.59000000</valUSD>
        <pctVal>0.466116956672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.90217000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods, Inc., First Lien Tranche Term Loan B5</title>
        <cusip>05508TAV4</cusip>
        <identifiers>
          <isin value="US05508TAV44"/>
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        <balance>6324397.19210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6103043.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.15217000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PetroQuest Energy LLC</name>
        <lei>N/A</lei>
        <title>PetroQuest Energy LLC, First Lien Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="850970"/>
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        <balance>5940211.95890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59402.12000000</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>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Block, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block, Inc.</title>
        <cusip>852234AT0</cusip>
        <identifiers>
          <isin value="US852234AT09"/>
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        <balance>8910000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Standard Industries, Inc.</name>
        <lei>N/A</lei>
        <title>Standard Industries, Inc.</title>
        <cusip>853496AD9</cusip>
        <identifiers>
          <isin value="US853496AD99"/>
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        <balance>3350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Star Leasing Co. LLC</name>
        <lei>549300WXKNX4PT3HSN71</lei>
        <title>Star Leasing Co. LLC</title>
        <cusip>854938AA5</cusip>
        <identifiers>
          <isin value="US854938AA54"/>
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        <balance>21330000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust, Inc.</title>
        <cusip>85571BBF1</cusip>
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          <isin value="US85571BBF13"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust, Inc.</title>
        <cusip>85571BBG9</cusip>
        <identifiers>
          <isin value="US85571BBG95"/>
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        <balance>5475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5469643.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lightning Power LLC</name>
        <lei>254900BWCHJ03XRL8K59</lei>
        <title>Lightning Power LLC, First Lien Initial Term Loan B</title>
        <cusip>53229LAB3</cusip>
        <identifiers>
          <isin value="US53229LAB36"/>
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        <balance>1970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1976772.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.90217000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Station Casinos LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
        <title>Station Casinos LLC</title>
        <cusip>857691AG4</cusip>
        <identifiers>
          <isin value="US857691AG41"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2953348.05000000</valUSD>
        <pctVal>0.101182925906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Stena International SA</name>
        <lei>213800A4LTGG4W55QP46</lei>
        <title>Stena International SA</title>
        <cusip>85858EAE3</cusip>
        <identifiers>
          <isin value="US85858EAE32"/>
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        <balance>4000000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>StoneX Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ryan Specialty Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BCP VI Summit Holdings LP</name>
        <lei>N/A</lei>
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          <isin value="US05614GAC50"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Alpha Generation LLC</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>Alpha Generation LLC, First Lien Initial Term Loan B</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Rock Salt Co. LLC</name>
        <lei>N/A</lei>
        <title>American Rock Salt Co. LLC, First Lien First Out Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco LP</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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        <title>Sunoco LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>American Rock Salt Co. LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASP Unifrax Holdings, Inc.</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="871332"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>Talen Energy Supply LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>Talen Energy Supply LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tallgrass Energy Partners LP</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP</title>
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          <isin value="US87470LAD38"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4489163.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Talos Production, Inc.</name>
        <lei>549300GZ2DZZE2Y8TX15</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300GZ2DZZE2Y8TX15</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Endo Finance Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Teleflex, Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>Teleflex, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Teleflex, Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>Teleflex, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELUS Corp.</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TELUS Corp.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenneco, Inc.</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>Tenneco, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Terex Corp.</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group LLC</name>
        <lei>5493002N1IVX6KHGYO08</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Thor Industries, Inc.</name>
        <lei>254900XZO1228PDSG060</lei>
        <title>Thor Industries, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
        <lei>N/A</lei>
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        <name>Cloud Software Group, Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group, Inc.</title>
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        <name>Tidewater, Inc.</name>
        <lei>2549000JA5GRUPLMUH98</lei>
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        <name>McAfee Corp.</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>McAfee Corp., First Lien Tranche Term Loan B1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TopBuild Corp.</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>TopBuild Corp.</title>
        <cusip>89055FAB9</cusip>
        <identifiers>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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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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        <lei>88Q84GB3X55CF5OC7582</lei>
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        <name>Transocean Aquila Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Quikrete Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TriMas Corp.</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TriNet Group, Inc.</name>
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        <name>Trinity Industries, Inc.</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
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        <name>Trivium Packaging Finance BV</name>
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        <name>TK Elevator Midco GmbH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UKG, Inc.</name>
        <lei>529900FKHWSTQ1GXK240</lei>
        <title>UKG, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>US Foods, Inc.</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>US Foods, Inc.</title>
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        <name>Under Armour, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Natural Foods, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Rentals North America, Inc.</name>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications, Inc.</name>
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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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Vertiv Group Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WW International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Corp.</name>
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        <title>Vistra Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VoltaGrid LLC</name>
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        <name>Vornado Realty LP</name>
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        <name>Cogentrix Finance Holdco I LLC</name>
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        <name>VS Buyer LLC</name>
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        <name>C&amp;S Wholesale Grocers, Inc.</name>
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        <name>Cloud Software Group, Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group, Inc., First Lien Initial Dollar Term Loan B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ECL Entertainment LLC</name>
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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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Versant Media Group, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Aretec Group, Inc.</name>
        <lei>549300NV2T8A33L0PQ58</lei>
        <title>Aretec Group, Inc., First Lien Term Loan B4</title>
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          <isin value="US04009DAJ37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wildfire Intermediate Holdings LLC</name>
        <lei>5493003RHEMQJZEXIR02</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>William Carter Co. (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Scotsman, Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
        <title>Williams Scotsman, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300DAKDS8SCO1OT57</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Williams Scotsman, Inc.</name>
        <lei>549300DAKDS8SCO1OT57</lei>
        <title>Williams Scotsman, Inc.</title>
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        <name>Osaic Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Osaic Holdings, Inc., First Lien Term Loan B1</title>
        <cusip>68773JAJ9</cusip>
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          <isin value="US68773JAJ97"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Blackstone Mortgage Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Blackstone Mortgage Trust, Inc., First Lien Term Loan</title>
        <cusip>09259GAL7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Columbus McKinnon Corp.</name>
        <lei>N/A</lei>
        <title>Columbus McKinnon Corp., First Lien Initial Term Loan</title>
        <cusip>19933MAS2</cusip>
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          <isin value="US19933MAS26"/>
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        <balance>3002282.74320000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.19961000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Winnebago Industries, Inc.</name>
        <lei>549300B7OYKYJLTE3G11</lei>
        <title>Winnebago Industries, Inc.</title>
        <cusip>974637AC4</cusip>
        <identifiers>
          <isin value="US974637AC45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>OAK-Eagle Acquireco, Inc.</name>
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        <name>Yum! Brands, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ZF North America Capital, Inc.</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ziggo BV</name>
        <lei>213800TQASLF9JXH5J59</lei>
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        <name>PetroQuest Energy LLC</name>
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        <name>Realtruck Group, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Realtruck Group, Inc.</name>
        <lei>N/A</lei>
        <title>RealTruck Group, Inc., First Lien Second Out Tranche Term Loan A</title>
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        <name>Energy Technologies Ltd.</name>
        <lei>N/A</lei>
        <title>Energy Technologies Ltd.</title>
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        <name>GenOn Energy, Inc.</name>
        <lei>54930052FQLRHOTY0J14</lei>
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        <name>NES Fircroft Bondco A/S</name>
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        <title>NES Fircroft Bondco A/S</title>
        <cusip>N/A</cusip>
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        <balance>4750000.00000000</balance>
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        <invCountry>NO</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Keenova Therapeutics plc</name>
        <lei>549300LMDE3RUP8Z3L60</lei>
        <title>Keenova Therapeutics plc</title>
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          <other otherDesc="Inhouse Sedol" value="Y40A2F0"/>
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        <balance>44488.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <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="Country classifications may be different than those used for compliance monitoring purposes." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>NEW YORK LIFE INVESTMENTS FUNDS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Jack Benintende</ncom:signature>
      <ncom:signerName>Jack Benintende</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
