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        <name>Santander Bank Auto Credit-Lin</name>
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        <name>Neuberger Berman CLO Ltd</name>
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        <name>Flagship Credit Auto Trust</name>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>N/A</lei>
        <title>BlueMountain CLO 2018-2 Ltd</title>
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          <isin value="US09629WAE12"/>
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        <curCd>USD</curCd>
        <valUSD>100.000000000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Variable</couponKind>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Blackbird Capital Aircraft</name>
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        <title>Blackbird Capital II Aircraft Lease Ltd</title>
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          <isin value="US09229CAB54"/>
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        <balance>603614.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>576571.810000000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVENTIV TECHNOLOGIES LLC SECOND OUT TL</name>
        <lei>N/A</lei>
        <title>AVENTIV TECHNOLOGIES LLC SECOND OUT TL</title>
        <cusip>N/A</cusip>
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          <other otherDesc="USER DEFINED" value="ELN:LX228837"/>
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        <balance>37073.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37258.650000000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</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>AVENTIV TECHNOLOGIES LLC NEW MONEY LOAN</name>
        <lei>N/A</lei>
        <title>AVENTIV TECHNOLOGIES LLC NEW MONEY LOAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="USER DEFINED" value="ELN:LX262333"/>
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        <balance>787669.000000000000</balance>
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        <valUSD>797514.920000000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AVENTIV TECHNOLOGIES LLC May 2026 New Money Placeholder</name>
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        <title>AVENTIV TECHNOLOGIES LLC May 2026 New Money Placeholder</title>
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          <other otherDesc="USER DEFINED" value="ELN:LX290896"/>
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        <balance>12159.000000000000</balance>
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        <assetCat>LON</assetCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANN 6/17/2031 @ 3.888500%</name>
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          <other otherDesc="USER DEFINED" value="ELN:SWAP24-0742"/>
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        <isRestrictedSec>N</isRestrictedSec>
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              <counterpartyName>J.P. MORGAN SECURITIES LLC</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ANN 2/25/2027 @ 4.037500%</name>
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          <other otherDesc="USER DEFINED" value="ELN:SWAP25-0292"/>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>ANN 08/09/32 @ 2.61%</name>
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      <invstOrSec>
        <name>Allegro CLO Ltd</name>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>AGNC INVESTMENT CORP</name>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-19</ncom:dateSigned>
      <ncom:nameOfApplicant>Ellington Income Opportunities Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Michael Sabre</ncom:signature>
      <ncom:signerName>Michael Sabre</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
