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        <fairValLevel>2</fairValLevel>
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        <name>Jubilee CLO DAC</name>
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        <name>Mobico Group plc</name>
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        <name>Hunter Douglas, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilcorp Energy I LP</name>
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        <name>Atlas CC Acquisition Corp.</name>
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        <name>Ithaca Energy North Sea plc</name>
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        <name>Insight Enterprises, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Group 1 Automotive, Inc.</name>
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        <name>Transocean International Ltd.</name>
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        <name>Whirlpool 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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        <name>Crocs, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Constellium SE</name>
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        <name>SoftBank Group Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lamar Media Corp.</name>
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        <name>Galaxy US Opco, Inc.</name>
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        <name>Maya SAS</name>
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        <name>McAfee Corp.</name>
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        <name>Carpenter Technology Corp.</name>
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        <name>Nationwide Building Society</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ams-OSRAM AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brookfield Property REIT, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amynta Agency Borrower, Inc. and Amynta Warranty Borrower, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ziggo BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Mortgage LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boots Group Finco LP</name>
        <lei>254900YVLYOVF1PF1N93</lei>
        <title>Boots Group Finco LP</title>
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        <name>Sealed Air Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Digicel International Finance Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blue Owl Capital Corp. II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JELD-WEN, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Midcontinent Communications</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Immo Holding SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Panther Escrow Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PetSmart LLC</name>
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        <title>PetSmart LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Calpine Corp.</name>
        <lei>43R4VPJBXTU2O15HEF41</lei>
        <title>Calpine Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RLJ Lodging Trust LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mattamy Group Corp.</name>
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        <title>Mattamy Group Corp.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lehman Brothers Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Albion Financing 1 SARL</name>
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        <title>Albion Financing 1 SARL</title>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ELO SACA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VZ Secured Financing BV</name>
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        <title>VZ Secured Financing BV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Service Properties Trust</name>
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        <title>Service Properties Trust</title>
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        <name>Levi Strauss &amp; Co.</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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        <name>StubHub HoldCo Sub LLC</name>
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        <name>Microchip Technology, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gryphon Debt Merger Sub, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jefferies Finance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Luna 1.5 SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dolcetto Holdco SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Loxam SAS</name>
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        <name>Contego CLO V DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vmed O2 UK Financing I plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Electricite de France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AltaGas Ltd.</name>
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        <name>Scientific Games Holdings LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT Operating Partnership LP</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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        <name>Greene King Finance plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SK Invictus Intermediate II SARL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Pachelbel Bidco SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EDP SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Proofpoint, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sinclair Television Group, Inc.</name>
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        <name>NCL Corp. Ltd.</name>
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        <name>Rivers Enterprise Lender LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines, Inc.</name>
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        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS Group AG</name>
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        <name>Allied Universal Holdco LLC</name>
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        <name>Fiber Midco SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Advanced Drainage Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GFL Environmental, Inc.</name>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jupiter Buyer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enpro, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AHP Health Partners, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>AB Carval Euro CLO II-C DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citycon Treasury BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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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      <invstOrSec>
        <name>Penta CLO DAC</name>
        <lei>254900P6EQ7DE06DX267</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Owens-Brockway Glass Container, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cirsa Finance International SARL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Grifols SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Phoenix Aviation Capital Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tikehau CLO XII DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CenterPoint Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
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        <name>Clarios Global LP</name>
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        <name>SWF Holdings I Corp.</name>
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        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC</title>
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        <name>Arini European CLO IV DAC</name>
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        <name>Husky Injection Molding Systems Ltd.</name>
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        <name>Eurobank Ergasias Services &amp; Holdings SA</name>
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        <name>Air France-KLM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Darling Ingredients, Inc.</name>
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        <name>Sealed Air Corp.</name>
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        <name>Hilton Domestic Operating Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarivate Science Holdings Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Celanese US Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Bank AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Carvana Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower LP</name>
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        <name>Avantor Funding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Light &amp; Wonder International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT Operating Partnership LP</name>
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        <name>Sabre GLBL, Inc.</name>
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        <name>Virgin Media Vendor Financing Notes III DAC</name>
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        <name>Medline Borrower LP</name>
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        <name>Aston Martin Capital Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citycon Treasury BV</name>
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        <name>Ardagh Metal Packaging Finance USA LLC</name>
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        <name>Wabash National Corp.</name>
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        <name>HAT Holdings I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Science Applications International 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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        <name>Altice Financing SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Champions Financing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Global Auto Holdings Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pinnacle Bidco plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harvest Midstream I LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Parkland Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vortex Opco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ATI, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INEOS Styrolution Ludwigshafen GmbH</name>
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        <name>Aroundtown Finance SARL</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IPD 3 BV</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CNX Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Electricite de France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SoftBank Group Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Market Bidco Finco plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AmWINS Group, Inc.</name>
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        <name>Standard Building Solutions, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Building Solutions, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SoftBank Group Corp.</name>
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        <name>Flutter Treasury DAC</name>
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        <name>HUB International Ltd.</name>
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        <name>Techem Verwaltungsgesellschaft 675 mbH</name>
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        <name>EchoStar Corp.</name>
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        <name>Lamb Weston Holdings, Inc.</name>
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        <name>Amentum Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Transocean International Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virgin Media Vendor Financing Notes IV DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Lumen Technologies, Inc.</name>
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        <name>Apollo Debt Solutions BDC</name>
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        <name>Garda World Security Corp.</name>
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        <name>Perrigo Finance Unlimited Co.</name>
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        <name>Empire Communities Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop SpA</name>
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        <name>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ardonagh Group Finco Pty. Ltd.</name>
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        <name>IMA Industria Macchine Automatiche SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ryan Specialty 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>Forvia SE</name>
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        <name>Ascend Learning LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Hess Midstream Operations LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Teva Pharmaceutical Finance Netherlands II BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Amentum Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Summer BC Holdco B SARL</name>
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        <name>Henley CLO Xi DAC</name>
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        <name>eircom Finance DAC</name>
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        <name>Truist Insurance Holdings, Inc.</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Fidelity Grand Harbour CLO DAC</name>
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        <name>Kodiak Gas Services LLC</name>
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        <name>Sabre GLBL, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lindblad Expeditions LLC</name>
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        <name>EquipmentShare.com, Inc.</name>
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        <name>Forvia SE</name>
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        <name>Arena Luxembourg Finance SARL</name>
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        <name>Viking Cruises Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boots Group Bidco Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ares Strategic Income Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationwide Building Society</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kioxia Holdings Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilcorp Energy I LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Communications Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IHO Verwaltungs GmbH</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Frontier Communications Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Calpine Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Station Casinos LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MH Sub I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rockford Tower Europe CLO DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldstory SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Altice France SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Acuris Finance US, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Currenta Group Holdings SARL</name>
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        <name>Community Health Systems, Inc.</name>
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        <name>Boots Group Finco LP</name>
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        <name>New Enterprise Stone &amp; Lime Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LifePoint Health, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kodiak Gas Services LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kapla Holding SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Lehman Brothers Holdings, Inc.</name>
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        <name>Premier Entertainment Sub LLC</name>
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        <name>Czechoslovak Group A/S</name>
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        <name>Civitas Resources, Inc.</name>
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        <name>Efesto Bidco SpA</name>
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        <name>Garda World Security Corp.</name>
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        <cusip>36485MAP4</cusip>
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          <isin value="US36485MAP41"/>
          <other otherDesc="Inhouse Asset ID" value="36485MAP4"/>
        </identifiers>
        <balance>68991000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71614497.30000000</valUSD>
        <pctVal>0.258489431423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>Dolcetto Holdco SpA</name>
        <lei>81560029E819F2CE4A42</lei>
        <title>Dolcetto Holdco SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS3106724241"/>
          <other otherDesc="Inhouse Asset ID" value="BYDLVW7M5"/>
        </identifiers>
        <balance>1712000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175248"/>
        <valUSD>2060722.70000000</valUSD>
        <pctVal>0.007438089480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>Acuris Finance US, Inc.</name>
        <lei>N/A</lei>
        <title>Acuris Finance US, Inc.</title>
        <cusip>00511BAE7</cusip>
        <identifiers>
          <isin value="US00511BAE74"/>
          <other otherDesc="Inhouse Asset ID" value="00511BAE7"/>
        </identifiers>
        <balance>8506000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8888770.00000000</valUSD>
        <pctVal>0.032083630968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</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>
      <invstOrSec>
        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
        <cusip>428102AE7</cusip>
        <identifiers>
          <isin value="US428102AE79"/>
          <other otherDesc="Inhouse Asset ID" value="428102AE7"/>
        </identifiers>
        <balance>8267000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8012688.07000000</valUSD>
        <pctVal>0.028921451123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAQ4</cusip>
        <identifiers>
          <isin value="US46284VAQ41"/>
          <other otherDesc="Inhouse Asset ID" value="46284VAQ4"/>
        </identifiers>
        <balance>33745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34420406.18000000</valUSD>
        <pctVal>0.124238967782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>Bombardier, Inc.</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>Bombardier, Inc.</title>
        <cusip>097751BX8</cusip>
        <identifiers>
          <isin value="US097751BX80"/>
          <other otherDesc="Inhouse Asset ID" value="097751BX8"/>
        </identifiers>
        <balance>19165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19213449.12000000</valUSD>
        <pctVal>0.069350113817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>Match Group Holdings II LLC</name>
        <lei>5493003RFFE030RC9167</lei>
        <title>Match Group Holdings II LLC</title>
        <cusip>57665RAN6</cusip>
        <identifiers>
          <isin value="US57665RAN61"/>
          <other otherDesc="Inhouse Asset ID" value="57665RAN6"/>
        </identifiers>
        <balance>5285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5191608.24000000</valUSD>
        <pctVal>0.018738885459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="540668"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>481967.85000000</valUSD>
        <pctVal>0.001739642114</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Standard Chartered Bank</counterpartyName>
              <counterpartyLei>U4LOSYZ7YG4W3S5F2G91</counterpartyLei>
            </counterparties>
            <amtCurSold>180602469.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>213466483.56000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-12-17</settlementDt>
            <unrealizedAppr>481967.85000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gates Corp.</name>
        <lei>984500F43C791F4C7894</lei>
        <title>Gates Corp.</title>
        <cusip>367398AA2</cusip>
        <identifiers>
          <isin value="US367398AA27"/>
          <other otherDesc="Inhouse Asset ID" value="367398AA2"/>
        </identifiers>
        <balance>18615000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19315854.75000000</valUSD>
        <pctVal>0.069719742510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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 B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
      
      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>
      
      
      
      <explntrNote note="This amendment reflects updates to the Securities on Loan information reported in Item C.12.c. The values have now been corrected to ensure accurate reporting." noteItem="C.12.c"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds V</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
