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          <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>Morgan Stanley Residential Mor</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1</title>
        <cusip>617946AG3</cusip>
        <identifiers>
          <isin value="US617946AG34"/>
          <ticker value="617946AG"/>
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        <balance>1360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1286987.04</valUSD>
        <pctVal>0.0954573495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.25</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>Mosaic Solar Loans LLC</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust 2022-1</title>
        <cusip>61946QAA9</cusip>
        <identifiers>
          <isin value="US61946QAA94"/>
          <ticker value="61946QAA"/>
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        <balance>275463.5960</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240210.59</valUSD>
        <pctVal>0.0178167033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.64</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>Mulligan Asset Securitization</name>
        <lei>N/A</lei>
        <title>Mulligan Asset Securitization III LLC</title>
        <cusip>62534MAC0</cusip>
        <identifiers>
          <isin value="US62534MAC01"/>
          <ticker value="62534MAC"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002500</valUSD>
        <pctVal>0.0743566096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.9840</annualizedRt>
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          <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>Mulligan Asset Securitization</name>
        <lei>N/A</lei>
        <title>Mulligan Asset Securitization III LLC</title>
        <cusip>62534MAD8</cusip>
        <identifiers>
          <isin value="US62534MAD83"/>
          <ticker value="62534MAD"/>
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        <balance>1275000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1278187.50</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.17</annualizedRt>
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          <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>NMEF Funding LLC</name>
        <lei>N/A</lei>
        <title>NMEF Funding 2026-A LLC</title>
        <cusip>62919FAG1</cusip>
        <identifiers>
          <isin value="US62919FAG19"/>
          <ticker value="62919FAG"/>
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        <balance>1350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1330076.70</valUSD>
        <pctVal>0.0986533605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.73</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>Caesars Entertainment Inc</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment, Inc.</title>
        <cusip>12769G100</cusip>
        <identifiers>
          <isin value="US12769G1004"/>
          <ticker value="CZR"/>
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        <balance>55318</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1669497.24</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Digital Asset Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Digital Asset Acquisition Corp. - Class A</title>
        <cusip>G2868C103</cusip>
        <identifiers>
          <isin value="KYG2868C1033"/>
          <ticker value="DAAQ"/>
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        <balance>138477</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1437391.26</valUSD>
        <pctVal>0.1066130082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>D Boral Acquisition I Corp</name>
        <lei>N/A</lei>
        <title>D Boral Acquisition I Corp. - Class A</title>
        <cusip>G2616T101</cusip>
        <identifiers>
          <isin value="VGG2616T1012"/>
          <ticker value="DBCA"/>
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        <balance>51949</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>517931.53</valUSD>
        <pctVal>0.0384155936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DigitalBridge Group Inc</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DigitalBridge Group, Inc.</title>
        <cusip>25401T603</cusip>
        <identifiers>
          <isin value="US25401T6038"/>
          <ticker value="DBRG"/>
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        <balance>187673</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2961479.94</valUSD>
        <pctVal>0.2196564665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Drugs Made In America Acquisit</name>
        <lei>N/A</lei>
        <title>Drugs Made In America Acquisition Corp.</title>
        <cusip>G2847J104</cusip>
        <identifiers>
          <isin value="KYG2847J1040"/>
          <ticker value="DMAA"/>
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        <balance>105083</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1119133.95</valUSD>
        <pctVal>0.0830074874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Drugs Made In America Acquisit</name>
        <lei>N/A</lei>
        <title>Drugs Made In America Acquisition II Corp.</title>
        <cusip>G2851K104</cusip>
        <identifiers>
          <isin value="KYG2851K1040"/>
          <ticker value="DMII"/>
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        <balance>142639</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1434948.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dynamix Corp III</name>
        <lei>N/A</lei>
        <title>Dynamix Corp. III - Class A</title>
        <cusip>G2949T109</cusip>
        <identifiers>
          <isin value="KYG2949T1094"/>
          <ticker value="DNMX"/>
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        <balance>46563</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>465164.37</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Roman DBDR Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Roman DBDR Acquisition Corp. II</title>
        <cusip>G7633M104</cusip>
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          <isin value="KYG7633M1042"/>
          <ticker value="DRDB"/>
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        <balance>72229</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>761293.66</valUSD>
        <pctVal>0.0564660503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AGL CLO Ltd.</name>
        <lei>N/A</lei>
        <title>AGL CLO 32 Ltd.</title>
        <cusip>00121BAJ8</cusip>
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          <isin value="US00121BAJ89"/>
          <ticker value="00121BAJ"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992959.80</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aimco</name>
        <lei>549300VLRW0CEQ83RF89</lei>
        <title>Aimco CLO 11 Ltd.</title>
        <cusip>00140NBE9</cusip>
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          <isin value="US00140NBE94"/>
          <ticker value="00140NBE"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1493948.55</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACM Auto Trust</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2025-4</title>
        <cusip>00161LAA6</cusip>
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          <isin value="US00161LAA61"/>
          <ticker value="00161LAA"/>
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        <balance>1222780.9680</balance>
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        <curCd>USD</curCd>
        <valUSD>1224011.09</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AG Trust</name>
        <lei>N/A</lei>
        <title>AG Trust 2024-NLP</title>
        <cusip>00792MAG8</cusip>
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          <isin value="US00792MAG87"/>
          <ticker value="00792MAG"/>
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        <balance>904145.5650</balance>
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        <curCd>USD</curCd>
        <valUSD>902481.03</valUSD>
        <pctVal>0.0669380844</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aimco</name>
        <lei>N/A</lei>
        <title>Aimco Clo 27 Ltd.</title>
        <cusip>00901HAA0</cusip>
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          <isin value="US00901HAA05"/>
          <ticker value="00901HAA"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2501422.75</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.821220</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>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust 2020-B</title>
        <cusip>00969YAB0</cusip>
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          <isin value="US00969YAB02"/>
          <ticker value="00969YAB"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>367222.80</valUSD>
        <pctVal>0.0272373490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.8640</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>BXHPP Trust</name>
        <lei>N/A</lei>
        <title>BXHPP Trust 2021-FILM</title>
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          <isin value="US05609JAA07"/>
          <ticker value="05609JAA"/>
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        <balance>1500000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BXHPP Trust</name>
        <lei>N/A</lei>
        <title>BXHPP Trust 2021-FILM</title>
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          <isin value="US05609JAJ16"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2024-BIO2</title>
        <cusip>05613GAG7</cusip>
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          <isin value="US05613GAG73"/>
          <ticker value="05613GAG"/>
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        <balance>2200000</balance>
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        <curCd>USD</curCd>
        <valUSD>2078333.40</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-13</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>254900IF22Z7SA13VI60</lei>
        <title>Ballyrock CLO 2019-2 Ltd.</title>
        <cusip>05875MBK7</cusip>
        <identifiers>
          <isin value="US05875MBK71"/>
          <ticker value="05875MBK"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1508026.95</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>254900IF22Z7SA13VI60</lei>
        <title>Ballyrock CLO 2019-2 Ltd.</title>
        <cusip>05875MBM3</cusip>
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          <isin value="US05875MBM38"/>
          <ticker value="05875MBM"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986221.30</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.616590</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>254900B0CDDYIJW8YL36</lei>
        <title>Ballyrock CLO 24 Ltd.</title>
        <cusip>05875VAE2</cusip>
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          <isin value="US05875VAE20"/>
          <ticker value="05875VAE"/>
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        <balance>1250000</balance>
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        <curCd>USD</curCd>
        <valUSD>1262465.38</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.6731</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>254900J6ILFT5YJVHO91</lei>
        <title>Ballyrock CLO 17 Ltd.</title>
        <cusip>05876LAU7</cusip>
        <identifiers>
          <isin value="US05876LAU70"/>
          <ticker value="05876LAU"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2008084.60</valUSD>
        <pctVal>0.1489420075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.375230</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bankers Healthcare Group Secur</name>
        <lei>N/A</lei>
        <title>BHG Securitization Trust 2025-1CON</title>
        <cusip>08860AAE9</cusip>
        <identifiers>
          <isin value="US08860AAE91"/>
          <ticker value="08860AAE"/>
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        <balance>885000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>909920.72</valUSD>
        <pctVal>0.0674898950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62</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>
        <name>Bluemountain CLO Ltd</name>
        <lei>N/A</lei>
        <title>BlueMountain Fuji U.S. Clo II Ltd.</title>
        <cusip>09629EAJ0</cusip>
        <identifiers>
          <isin value="US09629EAJ01"/>
          <ticker value="09629EAJ"/>
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        <balance>1900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1909165.60</valUSD>
        <pctVal>0.1416050684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.936840</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>Bluemountain CLO Ltd</name>
        <lei>5493002GUQ80FGGGNP40</lei>
        <title>BlueMountain CLO XXX Ltd.</title>
        <cusip>09630QAS0</cusip>
        <identifiers>
          <isin value="US09630QAS03"/>
          <ticker value="09630QAS"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992038.10</valUSD>
        <pctVal>0.0735806381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.9731</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>Broad River BSL Funding CLO Lt</name>
        <lei>5493000KEEYM16WOW109</lei>
        <title>Broad River Bsl Funding Clo Ltd. 2020-1</title>
        <cusip>11124TAJ3</cusip>
        <identifiers>
          <isin value="US11124TAJ34"/>
          <ticker value="11124TAJ"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4000000</valUSD>
        <pctVal>0.2966847264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.106840</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>
        <name>Bryant Park Funding Ltd</name>
        <lei>391200W7QGMU3U2OCV81</lei>
        <title>Bryant Park Funding 2024-23 Ltd.</title>
        <cusip>11765DAE3</cusip>
        <identifiers>
          <isin value="US11765DAE31"/>
          <ticker value="11765DAE"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>999888.10</valUSD>
        <pctVal>0.0741628819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.551070</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Bryant Park Funding 2023-21 Ltd.</title>
        <cusip>11766BAE6</cusip>
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          <isin value="US11766BAE65"/>
          <ticker value="11766BAE"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992280.70</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.925230</annualizedRt>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd</name>
        <lei>5493000N8L82QL1KEO96</lei>
        <title>Bryant Park Funding 2024-22 Ltd.</title>
        <cusip>11766EAE0</cusip>
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          <isin value="US11766EAE05"/>
          <ticker value="11766EAE"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1501893.15</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.533610</annualizedRt>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Bryant Park Funding 2021-17R Ltd.</title>
        <cusip>11766LAA2</cusip>
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          <isin value="US11766LAA26"/>
          <ticker value="11766LAA"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1435946.85</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Bryant Park Funding 2021-17R Ltd.</title>
        <cusip>11766MAL6</cusip>
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          <isin value="US11766MAL63"/>
          <ticker value="11766MAL"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001334</valUSD>
        <pctVal>0.0742701260</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.925230</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Bryant Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Bryant Park Funding 2023-20 Ltd.</title>
        <cusip>117919AJ9</cusip>
        <identifiers>
          <isin value="US117919AJ92"/>
          <ticker value="117919AJ"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2011515</valUSD>
        <pctVal>0.1491964444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.0731</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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          <isin value="US20753YAL65"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
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          <isin value="US20754AAJ25"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae - CAS</name>
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          <isin value="US20754DAJ63"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae - CAS</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>3</fairValLevel>
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        <name>CreekSource (Dunes Creek) CLO</name>
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        <title>Creeksource 2024-1 Dunes Creek Clo Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CreekSource (Dunes Creek) CLO</name>
        <lei>254900CZYOXX4AZ15302</lei>
        <title>Creeksource 2024-1 Dunes Creek Clo Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Point CLO Ltd</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBC 2025-DBC Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dwight 2025-FL1 Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DataBank Issuer LLC</name>
        <lei>N/A</lei>
        <title>DataBank Issuer</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nuvalent, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Deephaven Residential Mortgage</name>
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        <title>Deephaven Residential Mortgage Trust 2021-1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Alt-A Securities INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dividend Solar Loans LLC</name>
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        <title>Dividend Solar Loans 2018-2 LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>522 Funding CLO Ltd</name>
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        <title>522 Funding CLO 2020-6 Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>522 Funding CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Flagstar Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Flatiron CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Flatiron CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>OCEANFIRST FINANCIAL CP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac - SCRT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GCAT</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
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        <title>GS Mortgage-Backed Securities Trust 2020-NQM1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
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        <title>GS Mortgage-Backed Securities Trust 2022-LTV2</title>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
        <lei>N/A</lei>
        <title>GS Mortgage-Backed Securities Trust 2023-PJ6</title>
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          <isin value="US36268FAG28"/>
          <ticker value="36268FAG"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
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        <title>GS Mortgage-Backed Securities Trust 2025-PJ5</title>
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          <isin value="US36272DAB29"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.50</annualizedRt>
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      <invstOrSec>
        <name>GCAT</name>
        <lei>N/A</lei>
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          <isin value="US36274BAE83"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>PRP Advisors, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRP Advisors, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.4490</annualizedRt>
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          <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>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-7 LLC</title>
        <cusip>69382YAC2</cusip>
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          <isin value="US69382YAC21"/>
          <ticker value="69382YAC"/>
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        <balance>2139000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2136020.37</valUSD>
        <pctVal>0.1584311548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.5510</annualizedRt>
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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>Pretium Mortgage Credit Partne</name>
        <lei>N/A</lei>
        <title>PRET 2025-NPL11 LLC</title>
        <cusip>69383AAB5</cusip>
        <identifiers>
          <isin value="US69383AAB52"/>
          <ticker value="69383AAB"/>
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        <balance>375000</balance>
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        <curCd>USD</curCd>
        <valUSD>371570.25</valUSD>
        <pctVal>0.0275598045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.0213</annualizedRt>
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          <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>Pretium Mortgage Credit Partne</name>
        <lei>N/A</lei>
        <title>PRET 2025-NPL12 LLC</title>
        <cusip>69383CAB1</cusip>
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          <isin value="US69383CAB19"/>
          <ticker value="69383CAB"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>991765</valUSD>
        <pctVal>0.0735603819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.8999</annualizedRt>
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          <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>Pretium Mortgage Credit Partne</name>
        <lei>2549002NGM9N1GT2FK83</lei>
        <title>PRET 2026-NPL1 LLC</title>
        <cusip>69383TAB4</cusip>
        <identifiers>
          <isin value="US69383TAB44"/>
          <ticker value="69383TAB"/>
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        <balance>1425000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1413590.03</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.5352</annualizedRt>
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          <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>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2026-RCF1 Trust</title>
        <cusip>69383VAD5</cusip>
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          <isin value="US69383VAD55"/>
          <ticker value="69383VAD"/>
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        <balance>1055000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010233.19</valUSD>
        <pctVal>0.0749301894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50</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>PMT Loan Trust</name>
        <lei>N/A</lei>
        <title>PMT Loan Trust 2026-INV3</title>
        <cusip>69383WBP5</cusip>
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          <isin value="US69383WBP59"/>
          <ticker value="69383WBP"/>
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        <balance>1943357.4160</balance>
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        <curCd>USD</curCd>
        <valUSD>1938104.52</valUSD>
        <pctVal>0.1437515023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.977760</annualizedRt>
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          <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>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2026-RCF3 LLC</title>
        <cusip>69384FAD9</cusip>
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          <isin value="US69384FAD96"/>
          <ticker value="69384FAD"/>
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        <balance>1310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1270772.05</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <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>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2026-RCF3 LLC</title>
        <cusip>69384FAE7</cusip>
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          <isin value="US69384FAE79"/>
          <ticker value="69384FAE"/>
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        <balance>560000</balance>
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        <curCd>USD</curCd>
        <valUSD>525630.56</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</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>Pretium Mortgage Credit Partne</name>
        <lei>N/A</lei>
        <title>PRET 2026-NPL5 LLC</title>
        <cusip>69384KAA4</cusip>
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          <isin value="US69384KAA43"/>
          <ticker value="69384KAA"/>
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        <balance>491258.3010</balance>
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        <curCd>USD</curCd>
        <valUSD>490875.12</valUSD>
        <pctVal>0.0364087877</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.7096</annualizedRt>
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          <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>Pretium Mortgage Credit Partne</name>
        <lei>N/A</lei>
        <title>PRET 2026-NPL5 LLC</title>
        <cusip>69384KAB2</cusip>
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          <isin value="US69384KAB26"/>
          <ticker value="69384KAB"/>
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        <curCd>USD</curCd>
        <valUSD>997337</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>7.0458</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2026-4 LLC</title>
        <cusip>69384NAB6</cusip>
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          <isin value="US69384NAB64"/>
          <ticker value="69384NAB"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1502211</valUSD>
        <pctVal>0.1114207649</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>6.8240</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>
        <name>Pretium Mortgage Credit Partne</name>
        <lei>254900EZKI569P0YE486</lei>
        <title>PRET 2025-NPL8 LLC</title>
        <cusip>69392EAB6</cusip>
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          <isin value="US69392EAB65"/>
          <ticker value="69392EAB"/>
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        <balance>2150000</balance>
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        <curCd>USD</curCd>
        <valUSD>2154332.25</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.9905</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-RPL3 LLC</title>
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          <isin value="US69392NAE04"/>
          <ticker value="69392NAE"/>
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        <curCd>USD</curCd>
        <valUSD>2566357.75</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2025-6 LLC</title>
        <cusip>69395KAB9</cusip>
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          <isin value="US69395KAB98"/>
          <ticker value="69395KAB"/>
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        <balance>2989000</balance>
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        <curCd>USD</curCd>
        <valUSD>2978711.86</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.3260</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd</name>
        <lei>N/A</lei>
        <title>Palmer Square Loan Funding 2020-1 Ltd.</title>
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          <isin value="US69701DAC20"/>
          <ticker value="69701DAC"/>
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        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPX 07/31/26 P7125 07/26 7125.0 PUT   /</name>
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        <title>SPX 07/31/26 P7125 07/26 7125.0 PUT   /</title>
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          <ticker value="6II9994Y"/>
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        <valUSD>1000620</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pawnee Equipment Receivables</name>
        <lei>N/A</lei>
        <title>Pawneee Equipment Receivables Series 2022-1 LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2021-R1</title>
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          <isin value="US89179TAE47"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2021-R1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2021-R1</title>
        <cusip>89179TAG9</cusip>
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          <isin value="US89179TAG94"/>
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        <balance>2060405</balance>
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        <valUSD>999005.91</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-11-30</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>2138002Y4WGHSN8NFF24</lei>
        <title>Verus Securitization Trust 2024-INV2</title>
        <cusip>92540NAF0</cusip>
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          <isin value="US92540NAF06"/>
          <ticker value="92540NAF"/>
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        <balance>2300000</balance>
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        <curCd>USD</curCd>
        <valUSD>2321449.80</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2069-08-26</maturityDt>
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      <invstOrSec>
        <name>Wellington Management CLO</name>
        <lei>213800D61SXQACUYP461</lei>
        <title>Wellington Management Clo 2 Ltd.</title>
        <cusip>94958DAE6</cusip>
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          <isin value="US94958DAE67"/>
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        <balance>750000</balance>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-20</maturityDt>
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      <invstOrSec>
        <name>Whitebox CLO Ltd</name>
        <lei>549300SN372GTCE2YI66</lei>
        <title>Whitebox CLO IV Ltd.</title>
        <cusip>96467KAU3</cusip>
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          <isin value="US96467KAU34"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-20</maturityDt>
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      <invstOrSec>
        <name>Whitebox CLO Ltd</name>
        <lei>549300SN372GTCE2YI66</lei>
        <title>Whitebox CLO IV Ltd.</title>
        <cusip>96467KBC2</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whitebox CLO Ltd</name>
        <lei>549300SN372GTCE2YI66</lei>
        <title>Whitebox CLO IV Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whitebox CLO Ltd</name>
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        <title>Whitebox CLO IV Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whitebox CLO Ltd</name>
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        <title>Whitebox CLO IV Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wind River CLO Ltd</name>
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        <title>THL Credit Wind River 2019-3 Clo Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wind River CLO Ltd</name>
        <lei>N/A</lei>
        <title>Wind River 2021-4 CLO Ltd.</title>
        <cusip>97316UAJ7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ares Acquisition Corp III</name>
        <lei>N/A</lei>
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          <ticker value="AAC/U"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Artius II Acquisition Inc</name>
        <lei>N/A</lei>
        <title>Artius II Acquisition, Inc. - Class A</title>
        <cusip>G0509J115</cusip>
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          <ticker value="AACB"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Apogee Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Apogee Acquisition Corp. - Class A</title>
        <cusip>G04126101</cusip>
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          <ticker value="AACP"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ACP Holdings Acquisition Corp</name>
        <lei>N/A</lei>
        <title>ACP Holdings Acquisition Corp. - Class A</title>
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          <ticker value="ACGC"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Activate Energy Acquisition Co</name>
        <lei>N/A</lei>
        <title>Activate Energy Acquisition Corp. - Class A</title>
        <cusip>G0081J103</cusip>
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          <ticker value="AEAQ"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aeon Acquisition I Corp</name>
        <lei>N/A</lei>
        <title>Aeon Acquisition I Corp.</title>
        <cusip>G0R30P136</cusip>
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          <ticker value="AESPU"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Exceptionalism Acquis</name>
        <lei>N/A</lei>
        <title>American Exceptionalism Acquisition Corp. A - Class A</title>
        <cusip>G0273J101</cusip>
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          <isin value="KYG0273J1013"/>
          <ticker value="AEXA"/>
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        <balance>6676</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78910.32</valUSD>
        <pctVal>0.0058528717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIMEI HEALTH TECHNOL TENDERED SHARES   /</name>
        <lei>N/A</lei>
        <title>AIMEI HEALTH TECHNOL TENDERED SHARES   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AFJKTEND"/>
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        <balance>26484</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301123.08</valUSD>
        <pctVal>0.0223346547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTURION CL A CL A   /</name>
        <lei>N/A</lei>
        <title>CENTURION CL A CL A   /</title>
        <cusip>999999999</cusip>
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          <ticker value="ALFUA"/>
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        <balance>16280</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.16</valUSD>
        <pctVal>0.0000000119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RMLS CLASS D LLC   /</name>
        <lei>N/A</lei>
        <title>RMLS CLASS D LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RMLSD01"/>
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        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2570397.50</valUSD>
        <pctVal>0.1906494198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RMLS CLASS E LLC   /</name>
        <lei>N/A</lei>
        <title>RMLS CLASS E LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RMLSE01"/>
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        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2420907.50</valUSD>
        <pctVal>0.1795615698</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RMLS CLASS F LLC   /</name>
        <lei>N/A</lei>
        <title>RMLS CLASS F LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RMLSF01"/>
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        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1411850</valUSD>
        <pctVal>0.1047185828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RRE Ventures Acquisition Corp</name>
        <lei>N/A</lei>
        <title>RRE Ventures Acquisition Corp. - Class A</title>
        <cusip>G770AL103</cusip>
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          <isin value="KYG770AL1036"/>
          <ticker value="RREV"/>
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        <balance>62991</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>622980.99</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Renatus Tactical Acquisition C</name>
        <lei>N/A</lei>
        <title>Renatus Tactical Acquisition Corp. I - Class A</title>
        <cusip>G7490F101</cusip>
        <identifiers>
          <isin value="KYG7490F1019"/>
          <ticker value="RTAC"/>
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        <balance>53000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>555440</valUSD>
        <pctVal>0.0411976411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Space Asset Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Space Asset Acquisition Corp. - Class A</title>
        <cusip>G8375S101</cusip>
        <identifiers>
          <isin value="KYG8375S1012"/>
          <ticker value="SAAQ"/>
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        <balance>27306</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277428.96</valUSD>
        <pctVal>0.0205772338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ULTRA 10YR U.S. TREASU SEPTEMBER 2026   /</name>
        <lei>N/A</lei>
        <title>ULTRA 10YR U.S. TREASU SEPTEMBER 2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="UXYU6"/>
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        <balance>-23</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15340.18</valUSD>
        <pctVal>-0.0011377993</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Other-Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Board of Trade</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ULTRA 10YR U.S. TREASU SEPTEMBER 2026   /</issuerName>
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                  <other otherDesc="Bloomberg BPIPE identifier" value="575583599292"/>
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            <expDate>2026-09-22</expDate>
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            <unrealizedAppr>-15340.18</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vine Hill Capital Investment C</name>
        <lei>N/A</lei>
        <title>Vine Hill Capital Investment Corp. II - Class A</title>
        <cusip>G9709D109</cusip>
        <identifiers>
          <isin value="KYG9709D1097"/>
          <ticker value="VHCP"/>
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        <balance>46692</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>465986.16</valUSD>
        <pctVal>0.0345627441</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vendome Acquisition Corp I</name>
        <lei>N/A</lei>
        <title>Vendome Acquisition Corp. I - Class A</title>
        <cusip>G9580A109</cusip>
        <identifiers>
          <isin value="KYG9580A1094"/>
          <ticker value="VNME"/>
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        <balance>188942</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1930987.24</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Webster Financial Corp</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp.</title>
        <cusip>947890109</cusip>
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          <isin value="US9478901096"/>
          <ticker value="WBS"/>
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        <balance>117629</balance>
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        <curCd>USD</curCd>
        <valUSD>8989208.18</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>West Enclave Merger Corp</name>
        <lei>N/A</lei>
        <title>West Enclave Merger Corp.</title>
        <cusip>G9600E107</cusip>
        <identifiers>
          <isin value="KYG9600E1070"/>
          <ticker value="WENC"/>
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        <balance>48993</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486010.56</valUSD>
        <pctVal>0.0360479775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wen Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Wen Acquisition Corp. - Class A</title>
        <cusip>G9R39C103</cusip>
        <identifiers>
          <isin value="KYG9R39C1036"/>
          <ticker value="WENN"/>
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        <balance>76154</balance>
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        <curCd>USD</curCd>
        <valUSD>783624.66</valUSD>
        <pctVal>0.0581223670</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Willow Lane Acquisition Corp I</name>
        <lei>254900YWN0P6HYIZTW16</lei>
        <title>Willow Lane Acquisition Corp. II - Class A</title>
        <cusip>G9675K103</cusip>
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          <isin value="KYG9675K1031"/>
          <ticker value="WLII"/>
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        <balance>15200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155344</valUSD>
        <pctVal>0.0115220480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ULTRA LONG T-BOND SEPTEMBER 2026   /</name>
        <lei>N/A</lei>
        <title>ULTRA LONG T-BOND SEPTEMBER 2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WNU6"/>
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        <balance>5</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Chicago Board of Trade</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>ULTRA LONG T-BOND SEPTEMBER 2026   /</issuerName>
                <issueTitle>ULTRA LONG T-BOND SEPTEMBER 2026   /</issueTitle>
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      <invstOrSec>
        <name>Whitestone REIT</name>
        <lei>N/A</lei>
        <title>Whitestone REIT - REIT</title>
        <cusip>966084204</cusip>
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          <isin value="US9660842041"/>
          <ticker value="WSR"/>
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        <balance>150228</balance>
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        <curCd>USD</curCd>
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        <pctVal>0.2112634736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Reit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Armada Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Armada Acquisition Corp. II - Class A</title>
        <cusip>G0R38G104</cusip>
        <identifiers>
          <isin value="KYG0R38G1040"/>
          <ticker value="XRPN"/>
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        <balance>73517</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>766047.14</valUSD>
        <pctVal>0.0568186215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
        <lei>52990026MRD22HI0T740</lei>
        <title>LHOME Mortgage Trust 2026-RTL1</title>
        <cusip>50206JAD7</cusip>
        <identifiers>
          <isin value="US50206JAD72"/>
          <ticker value="50206JAD"/>
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        <balance>1400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1393880.60</valUSD>
        <pctVal>0.1033857711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.6940</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>AA Mission Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>AA Mission Acquisition Corp. II - Class A</title>
        <cusip>G1000S109</cusip>
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          <isin value="KYG1000S1093"/>
          <ticker value="YCY"/>
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        <balance>33356</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338896.96</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yorkville International Capita</name>
        <lei>N/A</lei>
        <title>Yorkville International Capital Corp.</title>
        <cusip>G98665121</cusip>
        <identifiers>
          <isin value="KYG986651217"/>
          <ticker value="YICCU"/>
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        <balance>83108</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>835235.40</valUSD>
        <pctVal>0.0619503965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Unit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Lafayette Digital Acquisition</name>
        <lei>N/A</lei>
        <title>Lafayette Digital Acquisition Corp. I</title>
        <cusip>G5345D107</cusip>
        <identifiers>
          <isin value="KYG5345D1079"/>
          <ticker value="ZKP"/>
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        <balance>66336</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>662033.28</valUSD>
        <pctVal>0.0491037906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LMRE 2025-SFR1 Trust Issuing E</name>
        <lei>N/A</lei>
        <title>LMRE 2025 SFR1 Trust</title>
        <cusip>50208WAA2</cusip>
        <identifiers>
          <isin value="US50208WAA27"/>
          <ticker value="50208WAA"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2919606</valUSD>
        <pctVal>0.2165506268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Life Financial Services Trust</name>
        <lei>N/A</lei>
        <title>Life 2021-BMR Mortgage Trust</title>
        <cusip>53218CAL4</cusip>
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          <isin value="US53218CAL46"/>
          <ticker value="53218CAL"/>
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        <balance>1645000</balance>
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        <curCd>USD</curCd>
        <valUSD>1497938.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.089480</annualizedRt>
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          <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>Life Financial Services Trust</name>
        <lei>N/A</lei>
        <title>Life 2022-BMR Mortgage Trust</title>
        <cusip>53218DAA6</cusip>
        <identifiers>
          <isin value="US53218DAA63"/>
          <ticker value="53218DAA"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2861511</valUSD>
        <pctVal>0.2122416521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.920630</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Long Trust</name>
        <lei>N/A</lei>
        <title>LONG Trust 2026-ISL</title>
        <cusip>54300CAG2</cusip>
        <identifiers>
          <isin value="US54300CAG24"/>
          <ticker value="54300CAG"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004994</valUSD>
        <pctVal>0.1487127741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.75</annualizedRt>
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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>
        <name>CENTURION CL B CL B   /</name>
        <lei>N/A</lei>
        <title>CENTURION CL B CL B   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ALFUB"/>
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        <balance>20349</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.20</valUSD>
        <pctVal>0.0000000148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alussa Energy Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Alussa Energy Acquisition Corp. II - Class A</title>
        <cusip>G0233J100</cusip>
        <identifiers>
          <isin value="KYG0233J1004"/>
          <ticker value="ALUB"/>
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        <balance>26328</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>264333.12</valUSD>
        <pctVal>0.0196058998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Agriculture &amp; Natural Solution</name>
        <lei>N/A</lei>
        <title>Agriculture &amp; Natural Solutions Acquisition Corp.</title>
        <cusip>G0131Y100</cusip>
        <identifiers>
          <isin value="KYG0131Y1008"/>
          <ticker value="ANSC"/>
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        <balance>61495</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>697968.25</valUSD>
        <pctVal>0.0517691298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Apogee Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>Apogee Therapeutics, Inc.</title>
        <cusip>03770N101</cusip>
        <identifiers>
          <isin value="US03770N1019"/>
          <ticker value="APGE"/>
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        <balance>86537</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11486056.01</valUSD>
        <pctVal>0.8519343463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AmperCap Acquisition Co</name>
        <lei>N/A</lei>
        <title>AmperCap Acquisition Co. - Class U</title>
        <cusip>G0344N123</cusip>
        <identifiers>
          <isin value="KYG0344N1236"/>
          <ticker value="APMCU"/>
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        <balance>87422</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>876842.66</valUSD>
        <pctVal>0.0650364562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Unit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Apex Treasury Corp</name>
        <lei>N/A</lei>
        <title>Apex Treasury Corp. - Class A</title>
        <cusip>G04104108</cusip>
        <identifiers>
          <isin value="KYG041041081"/>
          <ticker value="APXT"/>
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        <balance>86600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>870330</valUSD>
        <pctVal>0.0645534045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>254900Q2IOW6JYPYIV98</lei>
        <title>Madison Park Funding XIV Ltd.</title>
        <cusip>55818RBQ8</cusip>
        <identifiers>
          <isin value="US55818RBQ83"/>
          <ticker value="55818RBQ"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>751471.35</valUSD>
        <pctVal>0.0557375180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.613640</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>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XXXIV Ltd.</title>
        <cusip>55819GBE8</cusip>
        <identifiers>
          <isin value="US55819GBE89"/>
          <ticker value="55819GBE"/>
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        <balance>1800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1767847.86</valUSD>
        <pctVal>0.1311233647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.029520</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XXVII Ltd.</title>
        <cusip>55820YAN7</cusip>
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          <isin value="US55820YAN76"/>
          <ticker value="55820YAN"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001210.70</valUSD>
        <pctVal>0.0742609807</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.875230</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
        <lei>529900R1XWW85WSHQ318</lei>
        <title>Magnetite XXXVIII Ltd.</title>
        <cusip>55952HAE4</cusip>
        <identifiers>
          <isin value="US55952HAE45"/>
          <ticker value="55952HAE"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1008119.50</valUSD>
        <pctVal>0.0747734145</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
        <lei>549300F7COUCG1RROP29</lei>
        <title>Magnetite XXVI Ltd.</title>
        <cusip>55954YBC8</cusip>
        <identifiers>
          <isin value="US55954YBC84"/>
          <ticker value="55954YBC"/>
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        <balance>5955000</balance>
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        <curCd>USD</curCd>
        <valUSD>5926937.66</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
        <lei>5493003N6WY184N72D84</lei>
        <title>Magnetite XXVII Ltd.</title>
        <cusip>55955EBC1</cusip>
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          <isin value="US55955EBC12"/>
          <ticker value="55955EBC"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>754020.53</valUSD>
        <pctVal>0.0559265937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.325230</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>
        <name>Magnetite CLO Ltd</name>
        <lei>54930077HHZ1QV5CPQ30</lei>
        <title>Magnetite XXVIII Ltd.</title>
        <cusip>55955LBA9</cusip>
        <identifiers>
          <isin value="US55955LBA98"/>
          <ticker value="55955LBA"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001319.70</valUSD>
        <pctVal>0.0742690653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Magnetite CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marble Point CLO Ltd.</name>
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        <title>Marble Point CLO XV Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Marlette Funding Trust</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Marlette Funding Trust</name>
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        <fairValLevel>3</fairValLevel>
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        <name>MENLO CLO</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Art Technology Acquisition Cor</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <curCd>USD</curCd>
        <valUSD>785933.06</valUSD>
        <pctVal>0.0582935837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>D Boral ARC Acquisition I Corp</name>
        <lei>N/A</lei>
        <title>D Boral ARC Acquisition I Corp. - Class A</title>
        <cusip>G2616F101</cusip>
        <identifiers>
          <isin value="VGG2616F1018"/>
          <ticker value="BCAR"/>
        </identifiers>
        <balance>50467</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>526370.81</valUSD>
        <pctVal>0.0390415449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bain Capital GSS Investment Co</name>
        <lei>N/A</lei>
        <title>Bain Capital GSS Investment Corp.</title>
        <cusip>G0R78B106</cusip>
        <identifiers>
          <isin value="KYG0R78B1061"/>
          <ticker value="BCSS"/>
        </identifiers>
        <balance>20965</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215310.55</valUSD>
        <pctVal>0.0159698379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BTC Development Corp</name>
        <lei>N/A</lei>
        <title>BTC Development Corp. - Class A</title>
        <cusip>G0701G109</cusip>
        <identifiers>
          <isin value="KYG0701G1091"/>
          <ticker value="BDCI"/>
        </identifiers>
        <balance>98562</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>991533.72</valUSD>
        <pctVal>0.0735432276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TGE Value Creative Solutions C</name>
        <lei>N/A</lei>
        <title>TGE Value Creative Solutions Corp. - Class A</title>
        <cusip>G8773E100</cusip>
        <identifiers>
          <isin value="KYG8773E1008"/>
          <ticker value="BEBE"/>
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        <balance>53006</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>526879.64</valUSD>
        <pctVal>0.0390792855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank First Corp</name>
        <lei>N/A</lei>
        <title>Bank First Corp.</title>
        <cusip>06211J100</cusip>
        <identifiers>
          <isin value="US06211J1007"/>
          <ticker value="BFC"/>
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        <balance>-16593</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2461571.55</valUSD>
        <pctVal>-0.1825776705</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tribeca Strategic Acquisition</name>
        <lei>N/A</lei>
        <title>Tribeca Strategic Acquisition Corp.</title>
        <cusip>G90420129</cusip>
        <identifiers>
          <isin value="KYG904201293"/>
          <ticker value="BIDWU"/>
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        <balance>9908</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98584.60</valUSD>
        <pctVal>0.0073121363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Unit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Spade Acquisition III Co</name>
        <lei>N/A</lei>
        <title>Black Spade Acquisition III Co. - Class A</title>
        <cusip>G1154S103</cusip>
        <identifiers>
          <isin value="KYG1154S1030"/>
          <ticker value="BIII"/>
        </identifiers>
        <balance>46804</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>465699.80</valUSD>
        <pctVal>0.0345415044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lionheart Holdings</name>
        <lei>N/A</lei>
        <title>Lionheart Holdings - Class A</title>
        <cusip>G5501C109</cusip>
        <identifiers>
          <isin value="KYG5501C1096"/>
          <ticker value="CUB"/>
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        <balance>76883</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>828029.91</valUSD>
        <pctVal>0.0614159568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVB Financial Corp</name>
        <lei>N/A</lei>
        <title>CVB Financial Corp.</title>
        <cusip>126600105</cusip>
        <identifiers>
          <isin value="US1266001056"/>
          <ticker value="CVBF"/>
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        <balance>0.05</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1.13</valUSD>
        <pctVal>0.0000000838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bankers Healthcare Group Secur</name>
        <lei>N/A</lei>
        <title>BHG Owner Loan Trust Series 2026-1CON</title>
        <cusip>05494TAE8</cusip>
        <identifiers>
          <isin value="US05494TAE82"/>
          <ticker value="05494TAE"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502831.50</valUSD>
        <pctVal>0.0372956065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.03</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2022-C2 Mortgage Trust</title>
        <cusip>05602NAL4</cusip>
        <identifiers>
          <isin value="US05602NAL47"/>
          <ticker value="05602NAL"/>
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        <balance>1765000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218729.39</valUSD>
        <pctVal>0.0162234173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.469690</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BWAY 2013-1515 Mortgage Trust</title>
        <cusip>05604FAC9</cusip>
        <identifiers>
          <isin value="US05604FAC95"/>
          <ticker value="05604FAC"/>
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        <balance>985163.3840</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>951217.61</valUSD>
        <pctVal>0.0705529341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4543</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWAY Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BWAY 2013-1515 Mortgage Trust</title>
        <cusip>05604FAJ4</cusip>
        <identifiers>
          <isin value="US05604FAJ49"/>
          <ticker value="05604FAJ"/>
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        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1164110</valUSD>
        <pctVal>0.0863434142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4729</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>Ballyrock Ltd</name>
        <lei>254900J6ILFT5YJVHO91</lei>
        <title>Ballyrock CLO 17 Ltd.</title>
        <cusip>05876LAW3</cusip>
        <identifiers>
          <isin value="US05876LAW37"/>
          <ticker value="05876LAW"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>493100.55</valUSD>
        <pctVal>0.0365738504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.625230</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>254900J6ILFT5YJVHO91</lei>
        <title>Ballyrock CLO 17 Ltd.</title>
        <cusip>05876MAE1</cusip>
        <identifiers>
          <isin value="US05876MAE12"/>
          <ticker value="05876MAE"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>739880.55</valUSD>
        <pctVal>0.0548778146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.775230</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>Ballyrock Ltd</name>
        <lei>254900XC0FEB91ZCO167</lei>
        <title>Ballyrock CLO 22 Ltd.</title>
        <cusip>05877XAE6</cusip>
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          <isin value="US05877XAE67"/>
          <ticker value="05877XAE"/>
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        <balance>1750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1752228.45</valUSD>
        <pctVal>0.1299648546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.375430</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>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2018-BNK14</title>
        <cusip>06035RAP1</cusip>
        <identifiers>
          <isin value="US06035RAP10"/>
          <ticker value="06035RAP"/>
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        <balance>779307.14</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773174.77</valUSD>
        <pctVal>0.0573472863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1280</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>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Barclays Mortgage Trust 2021-NPL1</title>
        <cusip>06744JAA4</cusip>
        <identifiers>
          <isin value="US06744JAA43"/>
          <ticker value="06744JAA"/>
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        <balance>543478.5360</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>544282.88</valUSD>
        <pctVal>0.0403701043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6</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>Babson CLO Ltd</name>
        <lei>N/A</lei>
        <title>Barings Clo Ltd. 2023-I</title>
        <cusip>06762HAS6</cusip>
        <identifiers>
          <isin value="US06762HAS67"/>
          <ticker value="06762HAS"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1007832.80</valUSD>
        <pctVal>0.0747521496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.075230</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>Babson CLO Ltd</name>
        <lei>N/A</lei>
        <title>Barings Clo Ltd. 2023-I</title>
        <cusip>06762HAU1</cusip>
        <identifiers>
          <isin value="US06762HAU14"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Babson CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Babson CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BasePoint MCA Securitization L</name>
        <lei>N/A</lei>
        <title>Basepoint Mca Securitization II LLC</title>
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          <isin value="US06983XAB10"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Battalion CLO LTD</name>
        <lei>549300CJP8HGT746II19</lei>
        <title>Battalion Clo XV Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bear Stearns Asset Backed Secu</name>
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          <isin value="US073879CH95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BELLEMEADE RE LT</name>
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        <title>Bellemeade Re 2025-1 Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Benefit Street Partners CLO Lt</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carrington Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Chase Mortgage Finance Corpora</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Chase Mortgage Finance Corpora</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cherry Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>549300BH0PFEW6WVTN52</lei>
        <title>Dryden 40 Senior Loan Fund</title>
        <cusip>26244GAL9</cusip>
        <identifiers>
          <isin value="US26244GAL95"/>
          <ticker value="26244GAL"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502303.75</valUSD>
        <pctVal>0.0372564627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.012680</annualizedRt>
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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>Dryden Senior Loan Fund</name>
        <lei>5493000CMI5L15ZSNM78</lei>
        <title>Dryden 41 Senior Loan Fund</title>
        <cusip>26244KAU0</cusip>
        <identifiers>
          <isin value="US26244KAU07"/>
          <ticker value="26244KAU"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005568.30</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.534710</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>54930064P37IJ78XTR63</lei>
        <title>Dryden 54 Senior Loan Fund</title>
        <cusip>26244RAD3</cusip>
        <identifiers>
          <isin value="US26244RAD35"/>
          <ticker value="26244RAD"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004639.70</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.036840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 80 CLO Ltd.</title>
        <cusip>26245JAW8</cusip>
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          <isin value="US26245JAW80"/>
          <ticker value="26245JAW"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995898.50</valUSD>
        <pctVal>0.0738669685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.780380</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>2549001LFFVBUD1OX384</lei>
        <title>Dryden 83 CLO Ltd.</title>
        <cusip>26246EBJ6</cusip>
        <identifiers>
          <isin value="US26246EBJ64"/>
          <ticker value="26246EBJ"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001567.10</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.740160</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>549300JHVVT1NJ057H42</lei>
        <title>Dryden 61 Clo Ltd.</title>
        <cusip>26251CAY0</cusip>
        <identifiers>
          <isin value="US26251CAY03"/>
          <ticker value="26251CAY"/>
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        <balance>1200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203263.40</valUSD>
        <pctVal>0.0892474682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.041990</annualizedRt>
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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>Dryden Senior Loan Fund</name>
        <lei>254900JFO9XUH2EREJ70</lei>
        <title>Dryden 75 CLO Ltd.</title>
        <cusip>26252JBC1</cusip>
        <identifiers>
          <isin value="US26252JBC18"/>
          <ticker value="26252JBC"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000951.60</valUSD>
        <pctVal>0.1484129445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.7131</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>254900MX6QAMC9XBAB53</lei>
        <title>Dryden 68 CLO Ltd.</title>
        <cusip>26252QAQ5</cusip>
        <identifiers>
          <isin value="US26252QAQ55"/>
          <ticker value="26252QAQ"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1481124.15</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.284710</annualizedRt>
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          <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>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 102 CLO Ltd.</title>
        <cusip>26253TAS4</cusip>
        <identifiers>
          <isin value="US26253TAS42"/>
          <ticker value="26253TAS"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002427.70</valUSD>
        <pctVal>0.0743512470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5731</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>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 102 CLO Ltd.</title>
        <cusip>26253UAE2</cusip>
        <identifiers>
          <isin value="US26253UAE29"/>
          <ticker value="26253UAE"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>998409.50</valUSD>
        <pctVal>0.0740532123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>254900RK37YYJANZLP58</lei>
        <title>Dryden 120 CLO Ltd.</title>
        <cusip>26253YAN4</cusip>
        <identifiers>
          <isin value="US26253YAN40"/>
          <ticker value="26253YAN"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004221</valUSD>
        <pctVal>0.0744842582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5231</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>254900RK37YYJANZLP58</lei>
        <title>Dryden 120 CLO Ltd.</title>
        <cusip>26253YAQ7</cusip>
        <identifiers>
          <isin value="US26253YAQ70"/>
          <ticker value="26253YAQ"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002453</valUSD>
        <pctVal>0.0743531235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.8231</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>254900RK37YYJANZLP58</lei>
        <title>Dryden 120 CLO Ltd.</title>
        <cusip>26254EAA5</cusip>
        <identifiers>
          <isin value="US26254EAA55"/>
          <ticker value="26254EAA"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1996295.80</valUSD>
        <pctVal>0.1480676183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.1231</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 114 CLO Ltd.</title>
        <cusip>26254HAL4</cusip>
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          <isin value="US26254HAL42"/>
          <ticker value="26254HAL"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005459.40</valUSD>
        <pctVal>0.0745761118</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 114 CLO Ltd.</title>
        <cusip>26254JAA4</cusip>
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          <isin value="US26254JAA43"/>
          <ticker value="26254JAA"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023118.60</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.1331</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 119 CLO Ltd.</title>
        <cusip>26254LAE1</cusip>
        <identifiers>
          <isin value="US26254LAE11"/>
          <ticker value="26254LAE"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1496337.45</valUSD>
        <pctVal>0.1109851167</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</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>Ellington Financial Mortgage T</name>
        <lei>N/A</lei>
        <title>EFMT 2024-NQM1</title>
        <cusip>26845DAG0</cusip>
        <identifiers>
          <isin value="US26845DAG07"/>
          <ticker value="26845DAG"/>
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        <balance>1800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1801924.20</valUSD>
        <pctVal>0.1336508471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.452670</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>Ellington Financial Mortgage T</name>
        <lei>N/A</lei>
        <title>EFMT 2025-RTL1</title>
        <cusip>26846FAC3</cusip>
        <identifiers>
          <isin value="US26846FAC32"/>
          <ticker value="26846FAC"/>
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        <balance>2027000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2022295.33</valUSD>
        <pctVal>0.1499960342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.3940</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ellington Financial Mortgage T</name>
        <lei>N/A</lei>
        <title>EFMT 2025-RTL1</title>
        <cusip>26846FAD1</cusip>
        <identifiers>
          <isin value="US26846FAD15"/>
          <ticker value="26846FAD"/>
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        <balance>1440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1455667.20</valUSD>
        <pctVal>0.1079685563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.3340</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>Easy Street Mortgage Loan Trus</name>
        <lei>N/A</lei>
        <title>Easy Street Mortgage Loan Trust 2025-RTL2</title>
        <cusip>27786YAA6</cusip>
        <identifiers>
          <isin value="US27786YAA64"/>
          <ticker value="27786YAA"/>
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        <balance>2550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2546672.25</valUSD>
        <pctVal>0.1888896899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.6060</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>Eaton Vance CDO Ltd</name>
        <lei>5493004NKU3QU5G6QW39</lei>
        <title>Eaton Vance CLO 2020-1 Ltd.</title>
        <cusip>278301AG1</cusip>
        <identifiers>
          <isin value="US278301AG18"/>
          <ticker value="278301AG"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>944440</valUSD>
        <pctVal>0.0700502308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.9231</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>Eaton Vance CDO Ltd</name>
        <lei>5493001O5CL3BBUIEH94</lei>
        <title>Eaton Vance CLO 2013-1 Ltd.</title>
        <cusip>27830BCG7</cusip>
        <identifiers>
          <isin value="US27830BCG77"/>
          <ticker value="27830BCG"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004163.90</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.6731</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>Empower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Empower CLO 2025-1 Ltd.</title>
        <cusip>29249DAJ0</cusip>
        <identifiers>
          <isin value="US29249DAJ00"/>
          <ticker value="29249DAJ"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1007758.30</valUSD>
        <pctVal>0.0747466239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.175230</annualizedRt>
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          <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>Exeter Automobile Receivables</name>
        <lei>N/A</lei>
        <title>Exeter Automobile Receivables Trust 2024-3</title>
        <cusip>30165AAG0</cusip>
        <identifiers>
          <isin value="US30165AAG04"/>
          <ticker value="30165AAG"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2082818</valUSD>
        <pctVal>0.1544850721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <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>Farmer Mac Agricultural Real E</name>
        <lei>N/A</lei>
        <title>FARM 2023-1 Mortgage Trust</title>
        <cusip>30767YAC9</cusip>
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          <isin value="US30767YAC93"/>
          <ticker value="30767YAC"/>
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        <balance>2802143.9420</balance>
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        <curCd>USD</curCd>
        <valUSD>2156291.80</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.034020</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>Farmer Mac Agricultural Real E</name>
        <lei>N/A</lei>
        <title>FARM 2025-2 Mortgage Trust</title>
        <cusip>30768BAE4</cusip>
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          <ticker value="30768BAE"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.703640</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>
      <invstOrSec>
        <name>Farmer Mac Agricultural Real E</name>
        <lei>N/A</lei>
        <title>FARM 21-1 Mortgage Trust</title>
        <cusip>30768WAC2</cusip>
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          <isin value="US30768WAC29"/>
          <ticker value="30768WAC"/>
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        <balance>1301080.9760</balance>
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        <curCd>USD</curCd>
        <valUSD>987274.56</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136BQPQ6</cusip>
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        <curCd>USD</curCd>
        <valUSD>623267.66</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136BQQZ5</cusip>
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          <ticker value="3136BQQZ"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136BWAF3</cusip>
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          <isin value="US3136BWAF37"/>
          <ticker value="3136BWAF"/>
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        <balance>1539053.01</balance>
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        <curCd>USD</curCd>
        <valUSD>1534378.91</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.427760</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137H9AD1</cusip>
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          <ticker value="3137H9AD"/>
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        <curCd>USD</curCd>
        <valUSD>1957482.54</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.447760</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3137HABM7</cusip>
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          <ticker value="3137HABM"/>
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        <curCd>USD</curCd>
        <valUSD>937511.19</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.144480</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>
        <name>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust 2021-F</title>
        <cusip>00971FAA9</cusip>
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          <isin value="US00971FAA93"/>
          <ticker value="00971FAA"/>
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        <balance>352564.77</balance>
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        <curCd>USD</curCd>
        <valUSD>353056.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.8750</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>Ajax Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Ajax Mortgage Loan Trust 2021-E</title>
        <cusip>009740AB7</cusip>
        <identifiers>
          <isin value="US009740AB78"/>
          <ticker value="009740AB"/>
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        <balance>795540</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>622486.98</valUSD>
        <pctVal>0.0461705948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ellington Financial Mortgage T</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alinea CLO LTD</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alinea CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fidelis Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fidelis Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>N/A</lei>
        <title>Bain Capital Credit CLO 2018-2</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
        <lei>2138006HTEY9GGW6XF50</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>254900XV68IP5ZAT0548</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Bain Capital Credit CLO, Limit</name>
        <lei>549300OV3LSQ8RJ1DY13</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-2NU</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2021-12</title>
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          <isin value="US46592WCG96"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>549300OV3LSQ8RJ1DY13</lei>
        <title>Bain Capital Credit CLO 2023-1 Ltd.</title>
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          <isin value="US05685NAY67"/>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>254900I37RDDKARGQN22</lei>
        <title>Bain Capital Credit CLO 2024-1 Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2025-CCM1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust</title>
        <cusip>46593VAK3</cusip>
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          <isin value="US46593VAK35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>254900KJZFJF5PZOFD13</lei>
        <title>Bain Capital Credit CLO 2024-2 Ltd.</title>
        <cusip>056921AY5</cusip>
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          <ticker value="056921AY"/>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>254900KJZFJF5PZOFD13</lei>
        <title>Bain Capital Credit CLO 2024-2 Ltd.</title>
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          <isin value="US056921BA62"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NMEF Funding LLC</name>
        <lei>N/A</lei>
        <title>NMEF Funding 2025-B LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NMR Trust</name>
        <lei>N/A</lei>
        <title>Nomura Commercial Asset Depositor Co. LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2023-6</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NLP</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eaton Vance CDO Ltd</name>
        <lei>5493008YP5U5LTXAO749</lei>
        <title>Eaton Vance Clo 2015-1 Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>EDGEX Issuer Trust</name>
        <lei>N/A</lei>
        <title>EDGEX 2026-PT2 Issuer Trust</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2022-DSC1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Mortgage Trust 2023-2</title>
        <cusip>46656DAF8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Neuberger Berman CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
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        <title>JP Morgan Mortgage Trust 2024-12</title>
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        <fairValLevel>2</fairValLevel>
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        <name>KKR Financial CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>KKR Financial CLO Ltd</name>
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        <title>KKR Clo 25 Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>New York Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kapitus Asset Securitization L</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>Octagon 59 Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</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>Post CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Post CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Post CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Post CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Post CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <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>Regatta VII Funding Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Pretium Mortgage Credit Partne</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regatta VIII Funding Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Regatta XVI Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pretium Mortgage Credit Partne</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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          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
        <lei>N/A</lei>
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          <isin value="US74449JAD46"/>
          <ticker value="74449JAD"/>
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        <curCd>USD</curCd>
        <valUSD>1035165.60</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.50</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>RR Ltd</name>
        <lei>N/A</lei>
        <title>RR 21 Ltd.</title>
        <cusip>78090GAL5</cusip>
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          <isin value="US78090GAL59"/>
          <ticker value="78090GAL"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>743521.73</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SMR 2022-IND Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SMR 2022-IND Mortgage Trust</title>
        <cusip>78458MAC8</cusip>
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          <isin value="US78458MAC82"/>
          <ticker value="78458MAC"/>
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        <balance>497700</balance>
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        <curCd>USD</curCd>
        <valUSD>498118.07</valUSD>
        <pctVal>0.0369460058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.025390</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saluda Grade Alternative Mortg</name>
        <lei>N/A</lei>
        <title>Saluds Grade Alternative Mortgage Trust 2025-RRTL1</title>
        <cusip>79582NAA7</cusip>
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          <isin value="US79582NAA72"/>
          <ticker value="79582NAA"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>745319.25</valUSD>
        <pctVal>0.0552812094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.32</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regatta XVI Funding Ltd.</name>
        <lei>254900XPJFGKL5R4O429</lei>
        <title>Regatta XVI Funding Ltd.</title>
        <cusip>75888TBG9</cusip>
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          <isin value="US75888TBG94"/>
          <ticker value="75888TBG"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1487177.85</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Regatta XXIV Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Regatta XXIV Funding Ltd.</title>
        <cusip>75889HAW0</cusip>
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          <isin value="US75889HAW07"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>736292.40</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Saluda Grade Alternative Mortg</name>
        <lei>N/A</lei>
        <title>Saluds Grade Alternative Mortgage Trust 2025-RRTL1</title>
        <cusip>79582NAD1</cusip>
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          <isin value="US79582NAD12"/>
          <ticker value="79582NAD"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1969586</valUSD>
        <pctVal>0.1460865209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.416790</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santander Bank Auto Credit-Lin</name>
        <lei>N/A</lei>
        <title>Santander Bank Auto Credit-Linked Notes Series 2023-B</title>
        <cusip>80290CCF9</cusip>
        <identifiers>
          <isin value="US80290CCF95"/>
          <ticker value="80290CCF"/>
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        <balance>1411604.8640</balance>
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        <curCd>USD</curCd>
        <valUSD>1472346.22</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.24</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Upgrade Master Pass-Thru Trust</name>
        <lei>N/A</lei>
        <title>Upgrade Master Pass-Thru Trust Series 2025-ST8</title>
        <cusip>91535UAE6</cusip>
        <identifiers>
          <isin value="US91535UAE64"/>
          <ticker value="91535UAE"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1983060</valUSD>
        <pctVal>0.1470859034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VCAT Asset Securitization, LLC</name>
        <lei>N/A</lei>
        <title>VCAT 2026-NPL3 LLC</title>
        <cusip>91826FAA5</cusip>
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          <isin value="US91826FAA57"/>
          <ticker value="91826FAA"/>
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        <balance>821050.97</balance>
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        <curCd>USD</curCd>
        <valUSD>820224.99</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.5670</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sculptor CLO Ltd</name>
        <lei>254900GX0OVY3JW8NA67</lei>
        <title>Sculptor CLO XXIX Ltd.</title>
        <cusip>81124EAW0</cusip>
        <identifiers>
          <isin value="US81124EAW03"/>
          <ticker value="81124EAW"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1508624.40</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.063640</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Sculptor CLO Ltd</name>
        <lei>254900GX0OVY3JW8NA67</lei>
        <title>Sculptor CLO XXIX Ltd.</title>
        <cusip>81124EAY6</cusip>
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          <isin value="US81124EAY68"/>
          <ticker value="81124EAY"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>989577.50</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.013640</annualizedRt>
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      <invstOrSec>
        <name>Elmwood CLO 25 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 25 Ltd.</title>
        <cusip>29001BAU7</cusip>
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          <isin value="US29001BAU70"/>
          <ticker value="29001BAU"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004963.60</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.44</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Elmwood CLO 22 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 22 Ltd.</title>
        <cusip>29001YAS2</cusip>
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          <isin value="US29001YAS28"/>
          <ticker value="29001YAS"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>746464.73</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.630380</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Elmwood CLO IV Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO IV Ltd.</title>
        <cusip>29002KAE2</cusip>
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          <isin value="US29002KAE29"/>
          <ticker value="29002KAE"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>961539.10</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.825230</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Elmwood CLO 16 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 16 Ltd.</title>
        <cusip>29002UAY6</cusip>
        <identifiers>
          <isin value="US29002UAY64"/>
          <ticker value="29002UAY"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1007180.50</valUSD>
        <pctVal>0.0747037678</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.175230</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>Elmwood CLO X Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO X Ltd.</title>
        <cusip>29002VBC1</cusip>
        <identifiers>
          <isin value="US29002VBC19"/>
          <ticker value="29002VBC"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2513088</valUSD>
        <pctVal>0.1863987064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.725230</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elmwood CLO X Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO X Ltd.</title>
        <cusip>29002WAL0</cusip>
        <identifiers>
          <isin value="US29002WAL00"/>
          <ticker value="29002WAL"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1516305</valUSD>
        <pctVal>0.1124661335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.625230</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sculptor CLO Ltd</name>
        <lei>N/A</lei>
        <title>Sculptor CLO XXX Ltd.</title>
        <cusip>81124PAE5</cusip>
        <identifiers>
          <isin value="US81124PAE51"/>
          <ticker value="81124PAE"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726153.15</valUSD>
        <pctVal>0.0538596372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.495230</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>Sculptor CLO Ltd</name>
        <lei>25490043NHT3J3VO3Q65</lei>
        <title>Sculptor CLO XXXII Ltd.</title>
        <cusip>81124QBA0</cusip>
        <identifiers>
          <isin value="US81124QBA04"/>
          <ticker value="81124QBA"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000904.10</valUSD>
        <pctVal>0.0742382398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.945910</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elmwood CLO XII Ltd.</name>
        <lei>N/A</lei>
        <title>Elmwood CLO XII Ltd.</title>
        <cusip>29002YAQ5</cusip>
        <identifiers>
          <isin value="US29002YAQ52"/>
          <ticker value="29002YAQ"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2994620.70</valUSD>
        <pctVal>0.2221145558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.7731</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>Elmwood CLO VIII Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO VIII Ltd.</title>
        <cusip>29003EBG9</cusip>
        <identifiers>
          <isin value="US29003EBG98"/>
          <ticker value="29003EBG"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005795.70</valUSD>
        <pctVal>0.0746010555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.890410</annualizedRt>
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          <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>Elmwood CLO 17 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 17 Ltd.</title>
        <cusip>29003GAE0</cusip>
        <identifiers>
          <isin value="US29003GAE08"/>
          <ticker value="29003GAE"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>993847.80</valUSD>
        <pctVal>0.0737148657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.380380</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>Elmwood CLO IX Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO IX Ltd.</title>
        <cusip>29003UAQ2</cusip>
        <identifiers>
          <isin value="US29003UAQ22"/>
          <ticker value="29003UAQ"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2512942.75</valUSD>
        <pctVal>0.1863879331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.325230</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>Sequoia Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2026-HYB1</title>
        <cusip>81750GAE6</cusip>
        <identifiers>
          <isin value="US81750GAE61"/>
          <ticker value="81750GAE"/>
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        <balance>1297593.46</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1260339.55</valUSD>
        <pctVal>0.0934808736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.668890</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>720 East CLO Ltd.</name>
        <lei>N/A</lei>
        <title>720 East CLO IV Ltd.</title>
        <cusip>81785BAU0</cusip>
        <identifiers>
          <isin value="US81785BAU08"/>
          <ticker value="81785BAU"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2008534.80</valUSD>
        <pctVal>0.1489753994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5721</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>Elmwood CLO 23 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 23 Ltd.</title>
        <cusip>29003YBC4</cusip>
        <identifiers>
          <isin value="US29003YBC49"/>
          <ticker value="29003YBC"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1504171.05</valUSD>
        <pctVal>0.1115661441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.330560</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>Elmwood CLO 19 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 19 Ltd.</title>
        <cusip>29004JBC6</cusip>
        <identifiers>
          <isin value="US29004JBC62"/>
          <ticker value="29004JBC"/>
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        <balance>1750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1759375.28</valUSD>
        <pctVal>0.1304949434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.380380</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>Elmwood CLO 19 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 19 Ltd.</title>
        <cusip>29004YAL4</cusip>
        <identifiers>
          <isin value="US29004YAL48"/>
          <ticker value="29004YAL"/>
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        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1262830.75</valUSD>
        <pctVal>0.0936656489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.830380</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>Empower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Empower CLO 2023-1 Ltd.</title>
        <cusip>29244CAQ1</cusip>
        <identifiers>
          <isin value="US29244CAQ15"/>
          <ticker value="29244CAQ"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3023227.20</valUSD>
        <pctVal>0.2242363337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.516590</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>Empower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Empower CLO 2023-1 Ltd.</title>
        <cusip>29244NAE4</cusip>
        <identifiers>
          <isin value="US29244NAE40"/>
          <ticker value="29244NAE"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1006720.60</valUSD>
        <pctVal>0.0746696564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.006590</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>Empower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Empower CLO 2024-1 Ltd.</title>
        <cusip>29244RAW5</cusip>
        <identifiers>
          <isin value="US29244RAW51"/>
          <ticker value="29244RAW"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000024.50</valUSD>
        <pctVal>0.0741729988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.054080</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>720 East CLO Ltd.</name>
        <lei>N/A</lei>
        <title>720 East CLO 2023-I Ltd.</title>
        <cusip>81785EAU4</cusip>
        <identifiers>
          <isin value="US81785EAU47"/>
          <ticker value="81785EAU"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502336.75</valUSD>
        <pctVal>0.0372589103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.6731</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>720 East CLO Ltd.</name>
        <lei>N/A</lei>
        <title>720 East CLO 2023-II Ltd.</title>
        <cusip>817941AU1</cusip>
        <identifiers>
          <isin value="US817941AU11"/>
          <ticker value="817941AU"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1508028.90</valUSD>
        <pctVal>0.1118522854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>720 East CLO Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shackleton CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Signal Peak CLO, LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Signal Peak CLO, LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UNLOCK HEA TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNLOCK HEA TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNLOCK HEA TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Upgrade Master Pass-Thru Trust</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Lo</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Lo</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
        <lei>213800TTP1CNX4WER720</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Visio Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vericrest Opportunity Loan Tra</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VCAT Asset Securitization, 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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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verdelite Static CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <title>Verus Securitization Trust 2024-7</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
        <lei>54930054YW6PM1FPVU95</lei>
        <title>Voya CLO 2017-1 Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
        <lei>5493003QPCHR7P2XIW55</lei>
        <title>Voya CLO 2013-3 Ltd.</title>
        <cusip>92916XAQ0</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Voya CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
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        <valUSD>871554.43</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>995476.50</valUSD>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-20</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>KRAKACQUISITION CORP-CL A</name>
        <lei>N/A</lei>
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          <ticker value="KRAQW"/>
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        <units>NC</units>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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              <counterpartyName>NASDAQ GM</counterpartyName>
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            <putOrCall>Call</putOrCall>
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      <invstOrSec>
        <name>K2 Capital Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG5226B1059"/>
          <ticker value="KTWO"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kenvue Inc</name>
        <lei>5493008HSF8L4M2LIJ82</lei>
        <title>Kenvue, Inc.</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LaFayette Acquisition Corp</name>
        <lei>N/A</lei>
        <title>LaFayette Acquisition Corp.</title>
        <cusip>G53426105</cusip>
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          <isin value="KYG534261055"/>
          <ticker value="LAFA"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust 2022-1</title>
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          <isin value="US92538WAF41"/>
          <ticker value="92538WAF"/>
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        <valUSD>1770310.62</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2067-01-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>984500915DDB7T2ACA27</lei>
        <title>Verus Securitization Trust 2023-6</title>
        <cusip>92539XAE4</cusip>
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          <isin value="US92539XAE40"/>
          <ticker value="92539XAE"/>
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        <curCd>USD</curCd>
        <valUSD>373664.69</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Legato Merger Corp IV</name>
        <lei>N/A</lei>
        <title>Legato Merger Corp. IV</title>
        <cusip>G7318R105</cusip>
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          <ticker value="LEGO"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Leapfrog Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Leapfrog Acquisition Corp.</title>
        <cusip>G5414D103</cusip>
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          <ticker value="LFAC"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>213800W65K5FH3AI2J91</lei>
        <title>Verus Securitization Trust 2023-7</title>
        <cusip>92539YAE2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>213800D3C9UXVQ7TZF09</lei>
        <title>Verus Securitization Trust 2023-INV2</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Launch One Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Launch One Acquisition Corp.</title>
        <cusip>G5S86M100</cusip>
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          <ticker value="LPAA"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Open Lending Corp</name>
        <lei>N/A</lei>
        <title>Open Lending Corp.</title>
        <cusip>68373J104</cusip>
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          <ticker value="LPRO"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>213800D3C9UXVQ7TZF09</lei>
        <title>Verus Securitization Trust 2023-INV2</title>
        <cusip>92540BAE9</cusip>
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          <ticker value="92540BAE"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>9845000FE754F4AE7E70</lei>
        <title>Verus Securitization Trust 2024-INV1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Melar Acquisition Corp I</name>
        <lei>N/A</lei>
        <title>Melar Acquisition Corp. I - Class A</title>
        <cusip>G6004G100</cusip>
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          <ticker value="MACI"/>
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        <fairValLevel>1</fairValLevel>
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        <name>M3-Brigade Acquisition VI Corp</name>
        <lei>529900K3KULJYPOBI946</lei>
        <title>M3-Brigade Acquisition VI Corp. - Class A</title>
        <cusip>G63221108</cusip>
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          <ticker value="MBVI"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yorkville Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Yorkville Acquisition Corp. - Class A</title>
        <cusip>G98659116</cusip>
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          <isin value="KYG986591165"/>
          <ticker value="MCGA"/>
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        <balance>48371</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>YORKVILLE ACQUISITION CORP-A</name>
        <lei>N/A</lei>
        <title>Yorkville Acquisition Corp.</title>
        <cusip>G98659124</cusip>
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          <isin value="KYG986591249"/>
          <ticker value="MCGAW"/>
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        <balance>8060</balance>
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        <curCd>USD</curCd>
        <valUSD>2065.78</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>NASDAQ GM</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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                <issuerName>YORKVILLE ACQUISITIO SHS CL A</issuerName>
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            <unrealizedAppr>2065.78</unrealizedAppr>
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      <invstOrSec>
        <name>Meshflow Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG6032N1016"/>
          <ticker value="MESH"/>
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        <balance>99573</balance>
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        <curCd>USD</curCd>
        <valUSD>996725.73</valUSD>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>M Evo Global Acquisition Corp</name>
        <lei>N/A</lei>
        <title>M Evo Global Acquisition Corp. II - Class A</title>
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          <isin value="KYG6071J1022"/>
          <ticker value="MEVO"/>
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        <balance>81880</balance>
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        <curCd>USD</curCd>
        <valUSD>812249.60</valUSD>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mountain Lake Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG6301L1095"/>
          <ticker value="MLAA"/>
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        <balance>81546</balance>
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        <curCd>USD</curCd>
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        <pctVal>0.0600602463</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metals Acquisition Corp II</name>
        <lei>N/A</lei>
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        <cusip>G60420109</cusip>
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          <isin value="KYG604201098"/>
          <ticker value="MTAL"/>
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        <balance>49215</balance>
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        <curCd>USD</curCd>
        <valUSD>499532.25</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>213800278TKDEXPH6140</lei>
        <title>Verus Securitization Trust 2024-6</title>
        <cusip>92540JAE2</cusip>
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          <isin value="US92540JAE29"/>
          <ticker value="92540JAE"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Keystone Acquisition Corp</name>
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        <title>Keystone Acquisition Corp.</title>
        <cusip>G52539114</cusip>
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          <isin value="KYG525391143"/>
          <ticker value="KEYYU"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Muzero Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG8775A1067"/>
          <ticker value="MUZE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUZERO ACQUISITION CORP-CL A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities</name>
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        <title>GS Mortgage-Backed Securities Trust 2026-AH1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KEYSTONE ACQUISITION CO-CL A</name>
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          <ticker value="KEYYW"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>K&amp;F Growth Acquisition Corp II</name>
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        <title>K&amp;F Growth Acquisition Corp. II - Class A</title>
        <cusip>G52258111</cusip>
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          <ticker value="KFII"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Kimberly-Clark Corp</name>
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        <title>Kimberly-Clark Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CSLM Digital Asset Acquisition</name>
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          <ticker value="KOYN"/>
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        <fairValLevel>1</fairValLevel>
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        <name>KRAKacquisition Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MSILF Government Portfolio</name>
        <lei>549300BI6Y5SI6BYPB26</lei>
        <title>MSILF Government Portfolio - Class Institutional</title>
        <cusip>61747C707</cusip>
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          <ticker value="MVRXX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NewHold Investment Corp III</name>
        <lei>N/A</lei>
        <title>NewHold Investment Corp. III - Class A</title>
        <cusip>G6486E102</cusip>
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          <isin value="KYG6486E1026"/>
          <ticker value="NHIC"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>National Storage Affiliates Tr</name>
        <lei>529900FS06O8GOYNR108</lei>
        <title>National Storage Affiliates Trust - REIT</title>
        <cusip>637870106</cusip>
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          <isin value="US6378701063"/>
          <ticker value="NSA"/>
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        <balance>289595</balance>
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        <curCd>USD</curCd>
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        <pctVal>0.9551979604</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuvalent Inc</name>
        <lei>529900RZ62O2T6LNQS60</lei>
        <title>Nuvalent, Inc. - Class A</title>
        <cusip>670703107</cusip>
        <identifiers>
          <isin value="US6707031075"/>
          <ticker value="NUVL"/>
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        <balance>115852</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14307722</valUSD>
        <pctVal>1.0612206468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New America Acquisition I Corp</name>
        <lei>N/A</lei>
        <title>New America Acquisition I Corp. - Class A</title>
        <cusip>023634108</cusip>
        <identifiers>
          <isin value="US0236341089"/>
          <ticker value="NWAX"/>
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        <balance>4056</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41168.40</valUSD>
        <pctVal>0.0030535089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Safeguard Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Safeguard Acquisition Corp. - Class A</title>
        <cusip>G77676107</cusip>
        <identifiers>
          <isin value="KYG776761077"/>
          <ticker value="SAC"/>
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        <balance>39380</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396162.80</valUSD>
        <pctVal>0.0293838630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander S.A. - ADR</title>
        <cusip>05964H105</cusip>
        <identifiers>
          <isin value="US05964H1059"/>
          <ticker value="SAN"/>
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        <balance>-241704</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-3335515.20</valUSD>
        <pctVal>-0.2473991037</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Depositary Receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Silverbox Corp IV</name>
        <lei>N/A</lei>
        <title>Silverbox Corp. IV - Class A</title>
        <cusip>G81354105</cusip>
        <identifiers>
          <isin value="KYG813541052"/>
          <ticker value="SBXD"/>
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        <balance>69880</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>755402.80</valUSD>
        <pctVal>0.0560291183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golub Capital Partners CLO, LT</name>
        <lei>N/A</lei>
        <title>Golub Capital CLO 88 B Ltd.</title>
        <cusip>38190MAJ0</cusip>
        <identifiers>
          <isin value="US38190MAJ09"/>
          <ticker value="38190MAJ"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2006219</valUSD>
        <pctVal>0.1488036338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.830380</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golub Capital Partners CLO, LT</name>
        <lei>N/A</lei>
        <title>Golub Capital CLO 88 B Ltd.</title>
        <cusip>38190MAL5</cusip>
        <identifiers>
          <isin value="US38190MAL54"/>
          <ticker value="38190MAL"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001121.20</valUSD>
        <pctVal>0.0742543423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.430380</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>Golub Capital Partners CLO, LT</name>
        <lei>N/A</lei>
        <title>Golub Capital CLO 88 B Ltd.</title>
        <cusip>38190NAA7</cusip>
        <identifiers>
          <isin value="US38190NAA72"/>
          <ticker value="38190NAA"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2042634.80</valUSD>
        <pctVal>0.1515046367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.710380</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>Regatta XXI Funding Ltd</name>
        <lei>N/A</lei>
        <title>Regatta XXI Funding Ltd.</title>
        <cusip>75889JAS5</cusip>
        <identifiers>
          <isin value="US75889JAS50"/>
          <ticker value="75889JAS"/>
        </identifiers>
        <balance>1300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1301781.26</valUSD>
        <pctVal>0.0965546542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.7731</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>SilverBox Corp V</name>
        <lei>N/A</lei>
        <title>SilverBox Corp. V - Class A</title>
        <cusip>G8148S107</cusip>
        <identifiers>
          <isin value="KYG8148S1075"/>
          <ticker value="SBXE"/>
        </identifiers>
        <balance>26235</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>263924.10</valUSD>
        <pctVal>0.0195755624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SC II Acquisition Corp</name>
        <lei>N/A</lei>
        <title>SC II Acquisition Corp. - Class A</title>
        <cusip>G7866D102</cusip>
        <identifiers>
          <isin value="KYG7866D1025"/>
          <ticker value="SCII"/>
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        <balance>88538</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>888036.14</valUSD>
        <pctVal>0.0658666898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Regatta XXVI Funding Ltd.</name>
        <lei>2549005JVL4XLCX5SY63</lei>
        <title>Regatta XXVI Funding Ltd.</title>
        <cusip>75900QAW5</cusip>
        <identifiers>
          <isin value="US75900QAW50"/>
          <ticker value="75900QAW"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>998370.30</valUSD>
        <pctVal>0.0740503048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.266590</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>Regatta 35 Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Regatta 35 Funding Ltd.</title>
        <cusip>75903YAJ4</cusip>
        <identifiers>
          <isin value="US75903YAJ47"/>
          <ticker value="75903YAJ"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2502765.75</valUSD>
        <pctVal>0.1856330930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.4731</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>Riserva CLO, Ltd.</name>
        <lei>549300640C8OB2I8SN35</lei>
        <title>Riserva Clo Ltd.</title>
        <cusip>76761RBE8</cusip>
        <identifiers>
          <isin value="US76761RBE80"/>
          <ticker value="76761RBE"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2444601</valUSD>
        <pctVal>0.1813189447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.186840</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>Signal Peak CLO, LLC</name>
        <lei>N/A</lei>
        <title>Signal Peak CLO 3 Ltd.</title>
        <cusip>82672NAU8</cusip>
        <identifiers>
          <isin value="US82672NAU81"/>
          <ticker value="82672NAU"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2005372.60</valUSD>
        <pctVal>0.1487408553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.160490</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>Silver Point CLO, Ltd</name>
        <lei>549300ODF186WFGMDH65</lei>
        <title>Silver Point CLO 2 Ltd.</title>
        <cusip>82808EAY7</cusip>
        <identifiers>
          <isin value="US82808EAY77"/>
          <ticker value="82808EAY"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1506436.05</valUSD>
        <pctVal>0.1117341418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.825230</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>Silver Point CLO, Ltd</name>
        <lei>N/A</lei>
        <title>Silver Point CLO 12 Ltd.</title>
        <cusip>82809MAA0</cusip>
        <identifiers>
          <isin value="US82809MAA09"/>
          <ticker value="82809MAA"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1505059.80</valUSD>
        <pctVal>0.1116320638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.9831</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>Siddhi Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Siddhi Acquisition Corp. - Class A</title>
        <cusip>G8118C124</cusip>
        <identifiers>
          <isin value="KYG8118C1244"/>
          <ticker value="SDHI"/>
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        <balance>206171</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2144178.40</valUSD>
        <pctVal>0.1590362455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC</title>
        <cusip>G80827101</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="SHEL LN"/>
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        <balance>-295704</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7539"/>
        <valUSD>-11504176.04</valUSD>
        <pctVal>-0.8532783303</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sixth Street CLO LTD.</name>
        <lei>N/A</lei>
        <title>Sixth Street CLO XXII Ltd.</title>
        <cusip>83011LAQ9</cusip>
        <identifiers>
          <isin value="US83011LAQ95"/>
          <ticker value="83011LAQ"/>
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        <balance>2350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2338451.87</valUSD>
        <pctVal>0.1734457383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.322140</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sixth Street CLO LTD.</name>
        <lei>254900JG2DPAYUCW8T83</lei>
        <title>Sixth Street CLO VI Ltd.</title>
        <cusip>83013VAJ1</cusip>
        <identifiers>
          <isin value="US83013VAJ17"/>
          <ticker value="83013VAJ"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000000</valUSD>
        <pctVal>0.0741711816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.575430</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sila Realty Trust Inc</name>
        <lei>549300HXH142HWKKSW59</lei>
        <title>Sila Realty Trust, Inc. - REIT</title>
        <cusip>146280508</cusip>
        <identifiers>
          <isin value="US1462805086"/>
          <ticker value="SILA"/>
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        <balance>341271</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10360987.56</valUSD>
        <pctVal>0.7684866899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Reit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB MONEY MARKET II SPECIAL   /</name>
        <lei>N/A</lei>
        <title>UMB MONEY MARKET II SPECIAL   /</title>
        <cusip>SF8888628</cusip>
        <identifiers>
          <ticker value="SMMFIDU"/>
        </identifiers>
        <balance>45976211.01</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45976211.01</valUSD>
        <pctVal>3.4101098964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sixth Street CLO LTD.</name>
        <lei>254900JG2DPAYUCW8T83</lei>
        <title>Sixth Street CLO VI Ltd.</title>
        <cusip>83013WAA8</cusip>
        <identifiers>
          <isin value="US83013WAA80"/>
          <ticker value="83013WAA"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000000</valUSD>
        <pctVal>0.0741711816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.875430</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>Sound Point CLO LTD</name>
        <lei>549300RTEBF0FW35D815</lei>
        <title>Sound Point Clo XX Ltd.</title>
        <cusip>83611JAG0</cusip>
        <identifiers>
          <isin value="US83611JAG04"/>
          <ticker value="83611JAG"/>
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        <balance>1350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1356535.35</valUSD>
        <pctVal>0.1006158298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.9282</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>Solarius Capital Acquisition C</name>
        <lei>N/A</lei>
        <title>Solarius Capital Acquisition Corp. - Class A</title>
        <cusip>G82617104</cusip>
        <identifiers>
          <isin value="KYG826171046"/>
          <ticker value="SOCA"/>
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        <balance>13594</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139746.32</valUSD>
        <pctVal>0.0103651497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Soulpower Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Soulpower Acquisition Corp. - Class A</title>
        <cusip>G82745103</cusip>
        <identifiers>
          <isin value="KYG827451033"/>
          <ticker value="SOUL"/>
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        <balance>155576</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1610211.60</valUSD>
        <pctVal>0.1194312970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stellar Bancorp Inc</name>
        <lei>54930070P8Z0WHFBB536</lei>
        <title>Stellar Bancorp, Inc.</title>
        <cusip>858927106</cusip>
        <identifiers>
          <isin value="US8589271068"/>
          <ticker value="STEL"/>
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        <balance>1190</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46790.80</valUSD>
        <pctVal>0.0034705289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Silicon Valley Acquisition Cor</name>
        <lei>N/A</lei>
        <title>Silicon Valley Acquisition Corp. - Class A</title>
        <cusip>G81306121</cusip>
        <identifiers>
          <isin value="KYG813061218"/>
          <ticker value="SVAQ"/>
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        <balance>46622</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>470415.98</valUSD>
        <pctVal>0.0348913091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Splitero Trust 2025-1</name>
        <lei>N/A</lei>
        <title>Splitero Trust 2026-1</title>
        <cusip>84863CAC7</cusip>
        <identifiers>
          <isin value="US84863CAC73"/>
          <ticker value="84863CAC"/>
        </identifiers>
        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221620.25</valUSD>
        <pctVal>0.0164378358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75</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>Splitero Trust 2025-1</name>
        <lei>N/A</lei>
        <title>Splitero Trust 2025-1</title>
        <cusip>848948AC9</cusip>
        <identifiers>
          <isin value="US848948AC94"/>
          <ticker value="848948AC"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>684971.25</valUSD>
        <pctVal>0.0508051270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7</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 Mortgage Residential</name>
        <lei>N/A</lei>
        <title>Starwood Mortgage Residential Trust 2020-3</title>
        <cusip>85573MAF6</cusip>
        <identifiers>
          <isin value="US85573MAF68"/>
          <ticker value="85573MAF"/>
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        <balance>1155000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1013392.38</valUSD>
        <pctVal>0.0751645103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.75</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>Structured Asset Mortgage Inve</name>
        <lei>N/A</lei>
        <title>Structured Asset Mortgage Investments II Trust 2004-AR5</title>
        <cusip>86359LEG0</cusip>
        <identifiers>
          <isin value="US86359LEG05"/>
          <ticker value="86359LEG"/>
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        <balance>400409.8450</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355511.49</valUSD>
        <pctVal>0.0263687073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.428510</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>Spring Valley Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Spring Valley Acquisition Corp. IV - Class A</title>
        <cusip>G8377G105</cusip>
        <identifiers>
          <isin value="KYG8377G1055"/>
          <ticker value="SVIV"/>
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        <balance>68484</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>698536.80</valUSD>
        <pctVal>0.0518112999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sizzle Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Sizzle Acquisition Corp. II - Class A</title>
        <cusip>G8193F109</cusip>
        <identifiers>
          <isin value="KYG8193F1090"/>
          <ticker value="SZZL"/>
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        <balance>62936</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>652331.64</valUSD>
        <pctVal>0.0483842085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Symphony CLO Ltd</name>
        <lei>N/A</lei>
        <title>Symphony CLO 39 Ltd.</title>
        <cusip>87169TAL4</cusip>
        <identifiers>
          <isin value="US87169TAL44"/>
          <ticker value="87169TAL"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001333.70</valUSD>
        <pctVal>0.0742701037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.996590</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>Symphony CLO Ltd</name>
        <lei>N/A</lei>
        <title>Symphony CLO 39 Ltd.</title>
        <cusip>87169UAE7</cusip>
        <identifiers>
          <isin value="US87169UAE73"/>
          <ticker value="87169UAE"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742045.13</valUSD>
        <pctVal>0.0550383641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.166590</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>Titan Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Titan Acquisition Corp. - Class A</title>
        <cusip>G8901A103</cusip>
        <identifiers>
          <isin value="KYG8901A1031"/>
          <ticker value="TACH"/>
        </identifiers>
        <balance>55680</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>579628.80</valUSD>
        <pctVal>0.0429917530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BERTO ACQUISITION CORP</name>
        <lei>N/A</lei>
        <title>BERTO ACQUISITION Corp.</title>
        <cusip>G1051H101</cusip>
        <identifiers>
          <isin value="KYG1051H1011"/>
          <ticker value="TACO"/>
        </identifiers>
        <balance>55760</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>584922.40</valUSD>
        <pctVal>0.0433843856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>tvc mortgage trust</name>
        <lei>N/A</lei>
        <title>TVC Mortgage Trust 2026-RRTL1</title>
        <cusip>87306XAC9</cusip>
        <identifiers>
          <isin value="US87306XAC92"/>
          <ticker value="87306XAC"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>996284</valUSD>
        <pctVal>0.0738955615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.34</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>tvc mortgage trust</name>
        <lei>N/A</lei>
        <title>TVC Mortgage Trust 2026-RRTL1</title>
        <cusip>87306XAD7</cusip>
        <identifiers>
          <isin value="US87306XAD75"/>
          <ticker value="87306XAD"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001025</valUSD>
        <pctVal>0.0742472071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.0870</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tailwind 2.0 Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Tailwind 2.0 Acquisition Corp. - Class A</title>
        <cusip>G8662J111</cusip>
        <identifiers>
          <isin value="KYG8662J1114"/>
          <ticker value="TDWD"/>
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        <balance>52690</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>528744.15</valUSD>
        <pctVal>0.0392175784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taylor Morrison Home Corp</name>
        <lei>5299009UDLLGLKOOJE30</lei>
        <title>Taylor Morrison Home Corp.</title>
        <cusip>87724P106</cusip>
        <identifiers>
          <isin value="US87724P1066"/>
          <ticker value="TMHC"/>
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        <balance>415733</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29824685.42</valUSD>
        <pctVal>2.2121321587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spartacus Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Spartacus Acquisition Corp. II - Class A</title>
        <cusip>G8303R100</cusip>
        <identifiers>
          <isin value="KYG8303R1002"/>
          <ticker value="TMTS"/>
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        <balance>20544</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205440</valUSD>
        <pctVal>0.0152377275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>2YR T-NOTE FUT SEP26 SEPTEMBER 2026   /</name>
        <lei>N/A</lei>
        <title>2YR T-NOTE FUT SEP26 SEPTEMBER 2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TUU6"/>
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        <balance>27</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5817.46</valUSD>
        <pctVal>0.0004314879</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Other-Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Board of Trade</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>2YR T-NOTE FUT SEP26 SEPTEMBER 2026   /</issuerName>
                <issueTitle>2YR T-NOTE FUT SEP26 SEPTEMBER 2026   /</issueTitle>
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                  <other otherDesc="Bloomberg BPIPE identifier" value="575532669159"/>
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            <expDate>2026-10-01</expDate>
            <notionalAmt>5559768.47</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>5817.46</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>10 YR T-NOTE FUTURE SEPTEMBER 2026   /</name>
        <lei>N/A</lei>
        <title>10 YR T-NOTE FUTURE SEPTEMBER 2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TYU6"/>
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        <balance>5</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1627.78</valUSD>
        <pctVal>0.0001207344</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Other-Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Board of Trade</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>10 YR T-NOTE FUTURE SEPTEMBER 2026   /</issuerName>
                <issueTitle>10 YR T-NOTE FUTURE SEPTEMBER 2026   /</issueTitle>
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                  <other otherDesc="Bloomberg BPIPE identifier" value="575532669108"/>
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            <expDate>2026-09-22</expDate>
            <notionalAmt>547825.35</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1627.78</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U.S. T-BOND 30YR SEPTEMBER 2026   /</name>
        <lei>N/A</lei>
        <title>U.S. T-BOND 30YR SEPTEMBER 2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="USU6"/>
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        <balance>-45</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-11921.57</valUSD>
        <pctVal>-0.0008842369</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Other-Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Board of Trade</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. T-BOND 30YR SEPTEMBER 2026   /</issuerName>
                <issueTitle>U.S. T-BOND 30YR SEPTEMBER 2026   /</issueTitle>
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                  <other otherDesc="Bloomberg BPIPE identifier" value="575532669106"/>
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            <expDate>2026-09-22</expDate>
            <notionalAmt>-5095578.43</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-11921.57</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>37 Capital CLO Ltd</name>
        <lei>N/A</lei>
        <title>37 Capital CLO II</title>
        <cusip>88429NAG2</cusip>
        <identifiers>
          <isin value="US88429NAG25"/>
          <ticker value="88429NAG"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>947486.50</valUSD>
        <pctVal>0.0702761933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.891450</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>Toorak Mortgage Corp.</name>
        <lei>254900AXFPBUQ16CX921</lei>
        <title>Toorak Mortgage Trust 2024-RRTL2</title>
        <cusip>89055JAF2</cusip>
        <identifiers>
          <isin value="US89055JAF21"/>
          <ticker value="89055JAF"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1507381.50</valUSD>
        <pctVal>0.1118042670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.1780</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>Toorak Mortgage Corp.</name>
        <lei>254900ZRJRVK75Z6JJ57</lei>
        <title>Toorak Mortgage Trust 2024-2</title>
        <cusip>89055KAB8</cusip>
        <identifiers>
          <isin value="US89055KAB89"/>
          <ticker value="89055KAB"/>
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        <balance>2365000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2377659.85</valUSD>
        <pctVal>0.1763538405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.6470</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>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust 2017-4</title>
        <cusip>89173UAH0</cusip>
        <identifiers>
          <isin value="US89173UAH05"/>
          <ticker value="89173UAH"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1577782</valUSD>
        <pctVal>0.1170259553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.631250</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>Organon &amp; Co</name>
        <lei>549300AMCKY57OK2CO56</lei>
        <title>Organon &amp; Co.</title>
        <cusip>68622V106</cusip>
        <identifiers>
          <isin value="US68622V1061"/>
          <ticker value="OGN"/>
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        <balance>54541</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>738485.14</valUSD>
        <pctVal>0.0547743154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>1RT Acquisition Corp</name>
        <lei>N/A</lei>
        <title>1RT Acquisition Corp. - Class A</title>
        <cusip>G6757R105</cusip>
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          <isin value="KYG6757R1056"/>
          <ticker value="ONCH"/>
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        <balance>51740</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>529817.60</valUSD>
        <pctVal>0.0392971974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OTG Acquisition Corp I</name>
        <lei>N/A</lei>
        <title>OTG Acquisition Corp. I - Class A</title>
        <cusip>G6791A100</cusip>
        <identifiers>
          <isin value="KYG6791A1004"/>
          <ticker value="OTGA"/>
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        <balance>10807</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109799.12</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oyster Enterprises II Acquisit</name>
        <lei>N/A</lei>
        <title>Oyster Enterprises II Acquisition Corp. - Class A</title>
        <cusip>G6861F104</cusip>
        <identifiers>
          <isin value="KYG6861F1046"/>
          <ticker value="OYSE"/>
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        <balance>24044</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247893.64</valUSD>
        <pctVal>0.0183865642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pioneer Acquisition I Corp</name>
        <lei>N/A</lei>
        <title>Pioneer Acquisition I Corp. - Class A</title>
        <cusip>G7117W107</cusip>
        <identifiers>
          <isin value="KYG7117W1078"/>
          <ticker value="PACH"/>
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        <balance>84600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>863766</valUSD>
        <pctVal>0.0640665449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pyrophyte Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Pyrophyte Acquisition Corp. II - Class A</title>
        <cusip>G7309T102</cusip>
        <identifiers>
          <isin value="KYG7309T1022"/>
          <ticker value="PAII"/>
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        <balance>33936</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>346147.20</valUSD>
        <pctVal>0.0256741468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosperity Bancshares Inc</name>
        <lei>N/A</lei>
        <title>Prosperity Bancshares, Inc.</title>
        <cusip>743606105</cusip>
        <identifiers>
          <isin value="US7436061052"/>
          <ticker value="PB"/>
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        <balance>-452</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-33009.56</valUSD>
        <pctVal>-0.0024483581</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ProCap Acquisition Corp</name>
        <lei>N/A</lei>
        <title>ProCap Acquisition Corp. - Class A</title>
        <cusip>G7257A105</cusip>
        <identifiers>
          <isin value="KYG7257A1058"/>
          <ticker value="PCAP"/>
        </identifiers>
        <balance>43429</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447318.70</valUSD>
        <pctVal>0.0331781565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLUM ACQUISITION COR TENDERED SHARE   /</name>
        <lei>N/A</lei>
        <title>PLUM ACQUISITION COR TENDERED SHARE   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="PLMKTEND"/>
        </identifiers>
        <balance>40035</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>427173.45</valUSD>
        <pctVal>0.0316839595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Andretti Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Andretti Acquisition Corp. II - Class A</title>
        <cusip>G26745102</cusip>
        <identifiers>
          <isin value="KYG267451022"/>
          <ticker value="POLE"/>
        </identifiers>
        <balance>52730</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>566847.50</valUSD>
        <pctVal>0.0420437489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pono Capital Four Inc</name>
        <lei>N/A</lei>
        <title>Pono Capital Four, Inc. - Class A</title>
        <cusip>G71702107</cusip>
        <identifiers>
          <isin value="KYG717021078"/>
          <ticker value="PONO"/>
        </identifiers>
        <balance>28160</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280473.60</valUSD>
        <pctVal>0.0208030583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>Public Storage - REIT</title>
        <cusip>74460D109</cusip>
        <identifiers>
          <isin value="US74460D1090"/>
          <ticker value="PSA"/>
        </identifiers>
        <balance>-40540</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-12904287.40</valUSD>
        <pctVal>-0.9571262443</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Reit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSB Holdings Inc/WI</name>
        <lei>549300U879D7LOBESZ34</lei>
        <title>PSB Holdings, Inc.</title>
        <cusip>69360N108</cusip>
        <identifiers>
          <isin value="US69360N1081"/>
          <ticker value="PSBQ"/>
        </identifiers>
        <balance>47818</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2414809</valUSD>
        <pctVal>0.1791092369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QXO Inc</name>
        <lei>N/A</lei>
        <title>QXO, Inc.</title>
        <cusip>82846H405</cusip>
        <identifiers>
          <isin value="US82846H4056"/>
          <ticker value="QXO"/>
        </identifiers>
        <balance>-155381</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2684983.68</valUSD>
        <pctVal>-0.1991484121</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rithm Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Rithm Acquisition Corp. - Class A</title>
        <cusip>G75751100</cusip>
        <identifiers>
          <isin value="KYG757511004"/>
          <ticker value="RAC"/>
        </identifiers>
        <balance>56996</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>596178.16</valUSD>
        <pctVal>0.0442192386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Republic Digital Acquisition C</name>
        <lei>N/A</lei>
        <title>Republic Digital Acquisition Co. - Class A</title>
        <cusip>G7515A103</cusip>
        <identifiers>
          <isin value="KYG7515A1031"/>
          <ticker value="RDAG"/>
        </identifiers>
        <balance>55418</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>571913.76</valUSD>
        <pctVal>0.0424195194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RF Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>RF Acquisition Corp. II</title>
        <cusip>G75389109</cusip>
        <identifiers>
          <isin value="KYG753891095"/>
          <ticker value="RFAI"/>
        </identifiers>
        <balance>41885</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461572.70</valUSD>
        <pctVal>0.0342353926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RMLS CLASS B LLC   /</name>
        <lei>N/A</lei>
        <title>RMLS CLASS B LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RMLSB01"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1670966</valUSD>
        <pctVal>0.1239375226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>RMLS CLASS C LLC   /</name>
        <lei>N/A</lei>
        <title>RMLS CLASS C LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RMLSC01"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1667644</valUSD>
        <pctVal>0.1236911260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Hall Chadwick Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Hall Chadwick Acquisition Corp. - Class A</title>
        <cusip>G42386105</cusip>
        <identifiers>
          <isin value="KYG423861056"/>
          <ticker value="HCAC"/>
        </identifiers>
        <balance>65666</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>659286.64</valUSD>
        <pctVal>0.0489000691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELIX ACQUISITION CORP III</name>
        <lei>N/A</lei>
        <title>HELIX ACQUISITION Corp. III - Class A</title>
        <cusip>G4444S107</cusip>
        <identifiers>
          <isin value="KYG4444S1075"/>
          <ticker value="HLXC"/>
        </identifiers>
        <balance>16122</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170893.20</valUSD>
        <pctVal>0.0126753506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Highview Merger Corp</name>
        <lei>N/A</lei>
        <title>Highview Merger Corp. - Class A</title>
        <cusip>G4569C101</cusip>
        <identifiers>
          <isin value="KYG4569C1015"/>
          <ticker value="HVMC"/>
        </identifiers>
        <balance>33650</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>341547.50</valUSD>
        <pctVal>0.0253329816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Idea Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Idea Acquisition Corp. - Class A</title>
        <cusip>G4727U100</cusip>
        <identifiers>
          <isin value="KYG4727U1004"/>
          <ticker value="IACO"/>
        </identifiers>
        <balance>69438</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>687436.20</valUSD>
        <pctVal>0.0509879552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invest Green Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Invest Green Acquisition Corp. - Class A</title>
        <cusip>G4924G102</cusip>
        <identifiers>
          <isin value="KYG4924G1029"/>
          <ticker value="IGAC"/>
        </identifiers>
        <balance>64856</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>649208.56</valUSD>
        <pctVal>0.0481525660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inflection Point Acquisition C</name>
        <lei>N/A</lei>
        <title>Inflection Point Acquisition Corp. III - Class A</title>
        <cusip>G47875102</cusip>
        <identifiers>
          <isin value="KYG478751020"/>
          <ticker value="IPCX"/>
        </identifiers>
        <balance>66458</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>685846.56</valUSD>
        <pctVal>0.0508700498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inflection Point Acquisition C</name>
        <lei>N/A</lei>
        <title>Inflection Point Acquisition Corp. VI - Class A</title>
        <cusip>G4790S107</cusip>
        <identifiers>
          <isin value="KYG4790S1075"/>
          <ticker value="IPFX"/>
        </identifiers>
        <balance>58225</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>602046.50</valUSD>
        <pctVal>0.0446545003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iris Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Iris Acquisition Corp. II - Class A</title>
        <cusip>G4940M109</cusip>
        <identifiers>
          <isin value="KYG4940M1096"/>
          <ticker value="IRAB"/>
        </identifiers>
        <balance>55162</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>547207.04</valUSD>
        <pctVal>0.0405869927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iron Horse Acquisition II Corp</name>
        <lei>N/A</lei>
        <title>Iron Horse Acquisition II Corp.</title>
        <cusip>46283H103</cusip>
        <identifiers>
          <isin value="US46283H1032"/>
          <ticker value="IRHO"/>
        </identifiers>
        <balance>79589</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>798277.67</valUSD>
        <pctVal>0.0592091980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Information Services Corp</name>
        <lei>254900WAPS1D4W2P6648</lei>
        <title>Information Services Corp.</title>
        <cusip>45676A105</cusip>
        <identifiers>
          <isin value="CA45676A1057"/>
          <ticker value="ISC CN"/>
        </identifiers>
        <balance>71136</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.4183"/>
        <valUSD>2557946.84</valUSD>
        <pctVal>0.1897259396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITHAX Acquisition Corp III</name>
        <lei>N/A</lei>
        <title>ITHAX Acquisition Corp. III - Class A</title>
        <cusip>G4977S102</cusip>
        <identifiers>
          <isin value="KYG4977S1021"/>
          <ticker value="ITHA"/>
        </identifiers>
        <balance>39808</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>397283.84</valUSD>
        <pctVal>0.0294670118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JAB Acquisition Corp I</name>
        <lei>N/A</lei>
        <title>JAB Acquisition Corp. I</title>
        <cusip>G50004129</cusip>
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          <isin value="KYG500041291"/>
          <ticker value="JABRU"/>
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        <balance>55384</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jackson Acquisition Co II</name>
        <lei>N/A</lei>
        <title>Jackson Acquisition Co. II - Class A</title>
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          <isin value="KYG4992A1105"/>
          <ticker value="JACS"/>
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        <balance>80351</balance>
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        <curCd>USD</curCd>
        <valUSD>854934.64</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jena Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Jena Acquisition Corp. II - Class A</title>
        <cusip>G5093B105</cusip>
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          <isin value="KYG5093B1059"/>
          <ticker value="JENA"/>
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        <balance>37263</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>386044.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Janus Henderson Group PLC</name>
        <lei>2138009WPYMWJN3RVF44</lei>
        <title>Janus Henderson Group PLC</title>
        <cusip>G4474Y214</cusip>
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          <isin value="JE00BYPZJM29"/>
          <ticker value="JHG"/>
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        <balance>165680</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8607076</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kensington Capital Acquisition</name>
        <lei>N/A</lei>
        <title>Kensington Capital Acquisition Corp. VI</title>
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          <isin value="KYG5235S1315"/>
          <ticker value="KCA/U"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Unit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Keystone Acquisition Corp</name>
        <lei>52990079BJ3JIJLKA207</lei>
        <title>Keystone Acquisition Corp. - Class A</title>
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          <isin value="KYG525391069"/>
          <ticker value="KEYY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2019-RPL1 Trust</title>
        <cusip>12596MAH9</cusip>
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          <isin value="US12596MAH97"/>
          <ticker value="12596MAH"/>
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        <balance>2400000</balance>
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        <curCd>USD</curCd>
        <valUSD>1796876.88</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLT Funding LLC</name>
        <lei>N/A</lei>
        <title>COLT 2021-5 Mortgage Loan Trust</title>
        <cusip>12598RAF0</cusip>
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          <isin value="US12598RAF01"/>
          <ticker value="12598RAF"/>
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        <balance>1342000</balance>
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        <curCd>USD</curCd>
        <valUSD>1141761.52</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2021-NQM8</title>
        <cusip>12659FAE5</cusip>
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          <isin value="US12659FAE51"/>
          <ticker value="12659FAE"/>
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        <balance>1875000</balance>
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        <curCd>USD</curCd>
        <valUSD>1535105.63</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.2110</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2021-RPL4 Trust</title>
        <cusip>12662GAD0</cusip>
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          <isin value="US12662GAD07"/>
          <ticker value="12662GAD"/>
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        <balance>278133.8780</balance>
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        <curCd>USD</curCd>
        <valUSD>283204.81</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-27</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2021-NQM7</title>
        <cusip>12662QAF3</cusip>
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          <isin value="US12662QAF37"/>
          <ticker value="12662QAF"/>
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        <balance>2500850</balance>
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        <curCd>USD</curCd>
        <valUSD>1851369.25</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.352430</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Countrywide Alternative Loan T</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust 2006-HY10</title>
        <cusip>12668BA86</cusip>
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          <isin value="US12668BA867"/>
          <ticker value="12668BA8"/>
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        <balance>3489456.8190</balance>
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        <curCd>USD</curCd>
        <valUSD>67353.50</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.4756</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Countrywide Home Loans</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust 2005-HYB2</title>
        <cusip>12669GWW7</cusip>
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          <isin value="US12669GWW76"/>
          <ticker value="12669GWW"/>
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        <balance>1371441</balance>
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        <curCd>USD</curCd>
        <valUSD>1219911.86</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-20</maturityDt>
          <couponKind>Variable</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Empower CLO 2023-2 Ltd.</title>
        <cusip>29247BAN7</cusip>
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          <isin value="US29247BAN73"/>
          <ticker value="29247BAN"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2505009.50</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
        <lei>213800DM8ZNUIQ1JCN40</lei>
        <title>Empower CLO 2023-3 Ltd.</title>
        <cusip>29247KAX5</cusip>
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          <isin value="US29247KAX54"/>
          <ticker value="29247KAX"/>
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        <valUSD>2004539.20</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-20</maturityDt>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
        <lei>213800DM8ZNUIQ1JCN40</lei>
        <title>Empower CLO 2023-3 Ltd.</title>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Empower CLO 2025-1 Ltd.</title>
        <cusip>29249DAG6</cusip>
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          <isin value="US29249DAG60"/>
          <ticker value="29249DAG"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2010493.80</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-20</maturityDt>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300RVE5T2OYI2H743</lei>
        <title>Neuberger Berman Loan Advisers CLO 33 Ltd.</title>
        <cusip>64132TBC6</cusip>
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          <ticker value="64132TBC"/>
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        <curCd>USD</curCd>
        <valUSD>998334.90</valUSD>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Homeward Opportunities Fund I</name>
        <lei>N/A</lei>
        <title>Homeward Opportunities Fund Trust 2025-RRTL2</title>
        <cusip>437923AE5</cusip>
        <identifiers>
          <isin value="US437923AE51"/>
          <ticker value="437923AE"/>
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        <balance>2250000</balance>
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        <curCd>USD</curCd>
        <valUSD>2255982.75</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
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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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      <invstOrSec>
        <name>IndyMac INDX Mortgage Loan Tru</name>
        <lei>N/A</lei>
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          <ticker value="45660LVL"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Mountain CLO Ltd</name>
        <lei>549300CEYMYPINCEX579</lei>
        <title>New Mountain CLO 3 Ltd.</title>
        <cusip>647549AE4</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Mountain CLO Ltd</name>
        <lei>N/A</lei>
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        <cusip>64754PAE8</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>New Mountain CLO 1 Ltd</name>
        <lei>5493000BYT2KQ1EMLL07</lei>
        <title>New Mountain CLO 1 Ltd.</title>
        <cusip>64755RBJ1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Mountain CLO Ltd</name>
        <lei>N/A</lei>
        <title>New Mountain CLO 9 Ltd.</title>
        <cusip>64755XAA8</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>New Mountain CLO Ltd</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
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        <title>New Residential Mortgage Loan Trust 2021-NQM1R</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan</name>
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        <title>New Residential Mortgage Loan Trust 2024-NQM1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>New Residential Mortgage Loan</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust 2018-1</title>
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          <isin value="US64830GCC87"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust 2019-RPL3</title>
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          <isin value="US64830NAJ00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust 2019-NQM5</title>
        <cusip>64830PAE6</cusip>
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          <isin value="US64830PAE60"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>N/A</lei>
        <title>New Residential Mortgage Loan Trust 2023-NQM1</title>
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          <isin value="US64831HAF01"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Residential Mortgage Loan</name>
        <lei>213800CVLC5IFCJL6C96</lei>
        <title>New Residential Mortgage Loan Trust 2024-RTL1</title>
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          <isin value="US64831PAC95"/>
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        <curCd>USD</curCd>
        <valUSD>190000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-25</maturityDt>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
        <lei>254900CLWY1AN9F4PD86</lei>
        <title>Invesco U.S. CLO 2023-4 Ltd.</title>
        <cusip>46091YAE8</cusip>
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          <isin value="US46091YAE86"/>
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        <balance>3600000</balance>
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        <curCd>USD</curCd>
        <valUSD>3527603.64</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-18</maturityDt>
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          <annualizedRt>9.425230</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
        <lei>2549000VWIHWVWECHQ22</lei>
        <title>Invesco U.S. CLO 2023-2 Ltd.</title>
        <cusip>46147LAE0</cusip>
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          <isin value="US46147LAE02"/>
          <ticker value="46147LAE"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001939.90</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.552140</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEXBANK CAPITAL INC</name>
        <lei>549300H29S945S4X7A03</lei>
        <title>NexBank Capital, Inc.</title>
        <cusip>65341TAF4</cusip>
        <identifiers>
          <isin value="US65341TAF49"/>
          <ticker value="65341TAF"/>
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        <balance>1550000</balance>
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        <curCd>USD</curCd>
        <valUSD>1504939.95</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Northwoods Capital Ltd</name>
        <lei>5493005SOJ8F7B634862</lei>
        <title>Northwoods Capital XI-B Ltd.</title>
        <cusip>66860JAS7</cusip>
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          <ticker value="66860JAS"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>254900NXH68CRC058O44</lei>
        <title>OCP CLO 2014-5 Ltd.</title>
        <cusip>67102SAQ7</cusip>
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          <isin value="US67102SAQ75"/>
          <ticker value="67102SAQ"/>
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        <balance>778828.1170</balance>
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        <curCd>USD</curCd>
        <valUSD>780320.82</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.7282</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>254900NXH68CRC058O44</lei>
        <title>OCP CLO 2014-5 Ltd.</title>
        <cusip>67102SAS3</cusip>
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          <isin value="US67102SAS32"/>
          <ticker value="67102SAS"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005624.70</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.8282</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oak Hill Credit</name>
        <lei>N/A</lei>
        <title>OHA Credit Partners XII Ltd.</title>
        <cusip>67109YBW3</cusip>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>OZLM Ltd</name>
        <lei>549300SDDOLWC85Q9Q65</lei>
        <title>OZLM XXII Ltd.</title>
        <cusip>67111VAJ5</cusip>
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          <ticker value="67111VAJ"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005592.30</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
        <lei>54930008KRIBK4JIR608</lei>
        <title>Invesco CLO 2021-2 Ltd.</title>
        <cusip>46149MAE6</cusip>
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          <ticker value="46149MAE"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>737743.73</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.834710</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OZLM Ltd</name>
        <lei>5493002SZMQH8ZTTHX49</lei>
        <title>OZLM XVIII Ltd.</title>
        <cusip>67112GAG3</cusip>
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          <isin value="US67112GAG38"/>
          <ticker value="67112GAG"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005569</valUSD>
        <pctVal>0.0745842409</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.784710</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRP Advisors, LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2026-RCF2 LLC</title>
        <cusip>74449JAE2</cusip>
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          <ticker value="74449JAE"/>
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        <balance>1050000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>QTS ISSUER ABS II LLC</name>
        <lei>N/A</lei>
        <title>QTS Issuer ABS II LLC</title>
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          <ticker value="74690FBN"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000000</valUSD>
        <pctVal>0.1483423632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.1420</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>RCO Mortgage LLC</name>
        <lei>N/A</lei>
        <title>RCO IX Mortgage LLC 2025-4</title>
        <cusip>74939VAA0</cusip>
        <identifiers>
          <isin value="US74939VAA08"/>
          <ticker value="74939VAA"/>
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        <balance>1522094.9350</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1512126.74</valUSD>
        <pctVal>0.1121562270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.3099</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>RCO Mortgage LLC</name>
        <lei>N/A</lei>
        <title>RCO IX Mortgage LLC 2025-4</title>
        <cusip>74939VAB8</cusip>
        <identifiers>
          <isin value="US74939VAB80"/>
          <ticker value="74939VAB"/>
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        <balance>3450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3433785</valUSD>
        <pctVal>0.2546878908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.90</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>RCO Mortgage LLC</name>
        <lei>N/A</lei>
        <title>RCO IX Mortgage LLC 2026-2</title>
        <cusip>74940MAA7</cusip>
        <identifiers>
          <isin value="US74940MAA71"/>
          <ticker value="74940MAA"/>
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        <balance>1452756.2030</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1449589.19</valUSD>
        <pctVal>0.1075177431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.7646</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RCO Mortgage LLC</name>
        <lei>N/A</lei>
        <title>RCO IX Mortgage LLC 2026-2</title>
        <cusip>74940MAC3</cusip>
        <identifiers>
          <isin value="US74940MAC38"/>
          <ticker value="74940MAC"/>
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        <balance>1350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1348544.70</valUSD>
        <pctVal>0.1000231538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.0770</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RR 36 LTD</name>
        <lei>N/A</lei>
        <title>RR 36 Ltd.</title>
        <cusip>74989AAG2</cusip>
        <identifiers>
          <isin value="US74989AAG22"/>
          <ticker value="74989AAG"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2010232.60</valUSD>
        <pctVal>0.1491013272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.4231</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>Columbus Circle Capital Corp I</name>
        <lei>N/A</lei>
        <title>Columbus Circle Capital Corp. II - Class A</title>
        <cusip>G2296M103</cusip>
        <identifiers>
          <isin value="KYG2296M1033"/>
          <ticker value="CMII"/>
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        <balance>67728</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>686084.64</valUSD>
        <pctVal>0.0508877084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catalyst Pharmaceuticals Inc</name>
        <lei>5299004O0R5XXLA5H544</lei>
        <title>Catalyst Pharmaceuticals, Inc.</title>
        <cusip>14888U101</cusip>
        <identifiers>
          <isin value="US14888U1016"/>
          <ticker value="CPRX"/>
        </identifiers>
        <balance>57590</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1810053.70</valUSD>
        <pctVal>0.1342538217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Crane Harbor Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Crane Harbor Acquisition Corp. II - Class A</title>
        <cusip>G25014104</cusip>
        <identifiers>
          <isin value="KYG250141044"/>
          <ticker value="CRAN"/>
        </identifiers>
        <balance>79620</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>807346.80</valUSD>
        <pctVal>0.0598818661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cal Redwood Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Cal Redwood Acquisition Corp. - Class A</title>
        <cusip>G17564108</cusip>
        <identifiers>
          <isin value="KYG175641086"/>
          <ticker value="CRAQ"/>
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        <balance>62898</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>647849.40</valUSD>
        <pctVal>0.0480517555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RCO Mortgage LLC</name>
        <lei>N/A</lei>
        <title>RCO X Mortgage LLC 2025-5</title>
        <cusip>75523YAA3</cusip>
        <identifiers>
          <isin value="US75523YAA38"/>
          <ticker value="75523YAA"/>
        </identifiers>
        <balance>1666908.7210</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1664658.39</valUSD>
        <pctVal>0.1234696798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.4180</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kapitus Asset Securitization L</name>
        <lei>N/A</lei>
        <title>Kapitus Asset Securitization IV LLC</title>
        <cusip>48555MAD1</cusip>
        <identifiers>
          <isin value="US48555MAD11"/>
          <ticker value="48555MAD"/>
        </identifiers>
        <balance>1859000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1886455.57</valUSD>
        <pctVal>0.1399206387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.90</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>LHOME Mortgage Trust</name>
        <lei>5299002NGIWITLMXOH85</lei>
        <title>LHOME Mortgage Trust 2025-RTL1</title>
        <cusip>50205UAD3</cusip>
        <identifiers>
          <isin value="US50205UAD37"/>
          <ticker value="50205UAD"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1013623</valUSD>
        <pctVal>0.0751816156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.3790</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
        <lei>529900ZQNJ23BIJVY871</lei>
        <title>LHOME Mortgage Trust 2024-RTL5</title>
        <cusip>50205WAD9</cusip>
        <identifiers>
          <isin value="US50205WAD92"/>
          <ticker value="50205WAD"/>
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        <balance>1800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1805652</valUSD>
        <pctVal>0.1339273424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.18</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>LHOME Mortgage Trust</name>
        <lei>N/A</lei>
        <title>LHOME Mortgage Trust 2025-RTL3</title>
        <cusip>50205YAC7</cusip>
        <identifiers>
          <isin value="US50205YAC75"/>
          <ticker value="50205YAC"/>
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        <balance>2100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2100432.60</valUSD>
        <pctVal>0.1557915678</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.8910</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>BLACK SPADE ACQUISITION-CL A</name>
        <lei>N/A</lei>
        <title>Black Spade Acquisition III Co.</title>
        <cusip>G1154S111</cusip>
        <identifiers>
          <isin value="KYG1154S1113"/>
          <ticker value="BIII/WS"/>
        </identifiers>
        <balance>2363</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>850.68</valUSD>
        <pctVal>0.0000630959</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>New York</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BLACK SPADE ACQUISIT USD CL A ORD SHS</issuerName>
                <issueTitle>BLACK SPADE ACQUISIT USD CL A ORD SHS</issueTitle>
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                  <ticker value="BIII"/>
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            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>850.68</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TopBuild Corp</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>TopBuild Corp.</title>
        <cusip>89055F103</cusip>
        <identifiers>
          <isin value="US89055F1030"/>
          <ticker value="BLD"/>
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        <balance>15217</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6484817.07</valUSD>
        <pctVal>0.4809865446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bluerock Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Bluerock Acquisition Corp. - Class A</title>
        <cusip>G1352R105</cusip>
        <identifiers>
          <isin value="KYG1352R1056"/>
          <ticker value="BLRK"/>
        </identifiers>
        <balance>44193</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441046.14</valUSD>
        <pctVal>0.0327129133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blue Water Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Blue Water Acquisition Corp. III - Class A</title>
        <cusip>G1368E106</cusip>
        <identifiers>
          <isin value="KYG1368E1061"/>
          <ticker value="BLUW"/>
        </identifiers>
        <balance>42218</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>435267.58</valUSD>
        <pctVal>0.0322843107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trailblazer Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Trailblazer Acquisition Corp. - Class A</title>
        <cusip>G9009S103</cusip>
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          <isin value="KYG9009S1030"/>
          <ticker value="BLZR"/>
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        <balance>26712</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270325.44</valUSD>
        <pctVal>0.0200503573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Blueport Acquisition Ltd</name>
        <lei>N/A</lei>
        <title>Blueport Acquisition Ltd. - Class A</title>
        <cusip>G1196A102</cusip>
        <identifiers>
          <isin value="KYG1196A1022"/>
          <ticker value="BPAC"/>
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        <balance>13165</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133229.80</valUSD>
        <pctVal>0.0098818117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CANADIAN DOLLARS  /</name>
        <lei>N/A</lei>
        <title>CANADIAN DOLLARS  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CAD"/>
        </identifiers>
        <balance>-9581736.80</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="CAD" exchangeRt="1.4183"/>
        <valUSD>-6755789.89</valUSD>
        <pctVal>-0.5010849188</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cantor Equity Partners VII Inc</name>
        <lei>N/A</lei>
        <title>Cantor Equity Partners VII, Inc. - Class A</title>
        <cusip>G1828W100</cusip>
        <identifiers>
          <isin value="KYG1828W1006"/>
          <ticker value="CAES"/>
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        <balance>34634</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>349457.06</valUSD>
        <pctVal>0.0259196431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Collective Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Collective Acquisition Corp. II - Class A</title>
        <cusip>G22741105</cusip>
        <identifiers>
          <isin value="KYG227411058"/>
          <ticker value="CAII"/>
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        <balance>97970</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>969903</valUSD>
        <pctVal>0.0719388516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLLECTIVE ACQUIS CORP CL-A</name>
        <lei>N/A</lei>
        <title>Collective Acquisition Corp. II</title>
        <cusip>G22741113</cusip>
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          <isin value="KYG227411132"/>
          <ticker value="CAIIW"/>
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        <balance>28149</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7040.06</valUSD>
        <pctVal>0.0005221696</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>NASDAQ GM</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>COLLECTIVE ACQUISITI ORD SHS CL A</issuerName>
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                  <ticker value="CAII"/>
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            <shareNo>1</shareNo>
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            <unrealizedAppr>7040.06</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cambridge Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Cambridge Acquisition Corp. - Class A</title>
        <cusip>G1871M108</cusip>
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          <isin value="KYG1871M1087"/>
          <ticker value="CAQ"/>
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        <balance>41145</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>408158.40</valUSD>
        <pctVal>0.0302735908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Collective Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Collective Acquisition Corp.</title>
        <cusip>G2867S109</cusip>
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          <isin value="KYG2867S1093"/>
          <ticker value="CCAQ"/>
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        <balance>111160</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1159398.80</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cohen Circle Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Cohen Circle Acquisition Corp. II - Class A</title>
        <cusip>G2254C121</cusip>
        <identifiers>
          <isin value="KYG2254C1217"/>
          <ticker value="CCII"/>
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        <balance>34167</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>351920.10</valUSD>
        <pctVal>0.0261023296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carnival Corp Ltd</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp. Ltd.</title>
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          <isin value="BMG2004J1036"/>
          <ticker value="CCL"/>
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        <balance>271</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7742.47</valUSD>
        <pctVal>0.0005742681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carnival Corp Ltd</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp. Ltd.</title>
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          <isin value="BMG2004J1036"/>
          <ticker value="CCL"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-7742.47</valUSD>
        <pctVal>-0.0005742681</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Coeur Mining Inc</name>
        <lei>5493003AVK173D48DR70</lei>
        <title>Coeur Mining, Inc.</title>
        <cusip>192108504</cusip>
        <identifiers>
          <isin value="US1921085049"/>
          <ticker value="CDE"/>
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        <balance>0.8610</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14.05</valUSD>
        <pctVal>0.0000010421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cantor Equity Partners IV Inc</name>
        <lei>N/A</lei>
        <title>Cantor Equity Partners IV, Inc. - Class A</title>
        <cusip>G1828E100</cusip>
        <identifiers>
          <isin value="KYG1828E1008"/>
          <ticker value="CEPF"/>
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        <balance>134266</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1396366.40</valUSD>
        <pctVal>0.1035701458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CANTOR EQUITY PARTNE TENDERED   /</name>
        <lei>N/A</lei>
        <title>CANTOR EQUITY PARTNE TENDERED   /</title>
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          <ticker value="CEPOTEND"/>
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        <balance>43197</balance>
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        <curCd>USD</curCd>
        <valUSD>458752.14</valUSD>
        <pctVal>0.0340261883</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cantor Equity Partners VI Inc</name>
        <lei>N/A</lei>
        <title>Cantor Equity Partners VI, Inc. - Class A</title>
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          <isin value="KYG1828R1011"/>
          <ticker value="CEPS"/>
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        <balance>27433</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>284480.21</valUSD>
        <pctVal>0.0211002333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cantor Equity Partners V Inc</name>
        <lei>N/A</lei>
        <title>Cantor Equity Partners V, Inc. - Class A</title>
        <cusip>G1828S109</cusip>
        <identifiers>
          <isin value="KYG1828S1093"/>
          <ticker value="CEPV"/>
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        <balance>79943</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>824412.19</valUSD>
        <pctVal>0.0611476263</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charlton Aria Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Charlton Aria Acquisition Corp. - Class A</title>
        <cusip>G9877L107</cusip>
        <identifiers>
          <isin value="KYG9877L1077"/>
          <ticker value="CHAR"/>
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        <balance>107263</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1155222.51</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ChampionsGate Acquisition Corp</name>
        <lei>N/A</lei>
        <title>ChampionsGate Acquisition Corp. - Class A</title>
        <cusip>G2124S108</cusip>
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          <isin value="KYG2124S1084"/>
          <ticker value="CHPG"/>
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        <balance>85493</balance>
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        <curCd>USD</curCd>
        <valUSD>889982.13</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Colombier Acquisition Corp III</name>
        <lei>N/A</lei>
        <title>Colombier Acquisition Corp. III - Class A</title>
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          <isin value="KYG2284A1031"/>
          <ticker value="CLBR"/>
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        <balance>48013</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>492133.25</valUSD>
        <pctVal>0.0365021047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Annisa CLO Ltd</name>
        <lei>N/A</lei>
        <title>Annisa CLO Ltd. 2016-2</title>
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          <isin value="US036011AW45"/>
          <ticker value="036011AW"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002605.60</valUSD>
        <pctVal>0.0743644420</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPX 06/30/26 P6000 06/26 6000.0 PUT   /</name>
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        <title>SPX 06/30/26 P6000 06/26 6000.0 PUT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="5I6997M8"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>SPX</indexIdentifier>
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            <shareNo>100</shareNo>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPX 06/30/26 P7000 06/26 7000.0 PUT   /</name>
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        <title>SPX 06/30/26 P7000 06/26 7000.0 PUT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="5I6997PX"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>N/A</counterpartyName>
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                <indexName>S&amp;P 500 INDEX</indexName>
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      <invstOrSec>
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          <ticker value="5XX99IXX"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Daedalus Special Acquisition C</name>
        <lei>N/A</lei>
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          <ticker value="DSAC"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Insight Digital Partners II</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Electronic Arts Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Equity Residential</name>
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          <isin value="US29476L1070"/>
          <ticker value="EQR"/>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Apidos CLO</name>
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          <isin value="US03767CAU45"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>549300AVJUID3QNR9M59</lei>
        <title>Apidos CLO XXIX</title>
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          <isin value="US03767MAY49"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Energy Transition Special Oppo</name>
        <lei>N/A</lei>
        <title>Energy Transition Special Opportunities</title>
        <cusip>G23017125</cusip>
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          <isin value="KYG230171251"/>
          <ticker value="ETSS/U"/>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Unit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>EQV Ventures Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG3106Q1029"/>
          <ticker value="EVAC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Evolution Global Acquisition C</name>
        <lei>N/A</lei>
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          <ticker value="EVOX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>FutureCrest Acquisition Corp</name>
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          <isin value="KYG3730U1076"/>
          <ticker value="FCRS"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>Fifth Era Acquisition Corp I</name>
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          <ticker value="FERA"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIGX Capital Acquisition Corp</name>
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          <isin value="KYG3473K1004"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Future Money Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG3700S1084"/>
          <ticker value="FMAC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>U.S. T-NOTE 5YR SEPTEMBER 2026   /</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>2549001XBZ4DU4T7EC48</lei>
        <title>Apidos CLO XXX</title>
        <cusip>03768CAW9</cusip>
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          <isin value="US03768CAW91"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>549300KJKTO0Q1OATW69</lei>
        <title>Apidos CLO XXXV</title>
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          <ticker value="03768UAG"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREAT BRITAIN POUND  /</name>
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        <title>GREAT BRITAIN POUND  /</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Business Travel Group I</name>
        <lei>N/A</lei>
        <title>Global Business Travel Group I</title>
        <cusip>37890B100</cusip>
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          <isin value="US37890B1008"/>
          <ticker value="GBTG"/>
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        <curCd>USD</curCd>
        <valUSD>1618094.19</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>254900SXYQWBYZA9L226</lei>
        <title>Apidos Clo LIV</title>
        <cusip>03771RAA9</cusip>
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          <isin value="US03771RAA95"/>
          <ticker value="03771RAA"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2003837.40</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-20</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
        <title>Ares LXIII CLO Ltd.</title>
        <cusip>039937BC0</cusip>
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          <isin value="US039937BC01"/>
          <ticker value="039937BC"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>980123.40</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
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          <annualizedRt>8.0231</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>254900LGMPUWTHY3PA11</lei>
        <title>Ares LXXX CLO Ltd.</title>
        <cusip>039971AA4</cusip>
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          <isin value="US039971AA43"/>
          <ticker value="039971AA"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>502995.60</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-05</maturityDt>
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          <annualizedRt>9.404070</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
        <title>Ares LIV CLO Ltd.</title>
        <cusip>04017XAG5</cusip>
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          <isin value="US04017XAG51"/>
          <ticker value="04017XAG"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>978135.30</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.6731</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GigCapital9 Corp</name>
        <lei>N/A</lei>
        <title>GigCapital9 Corp. - Class A</title>
        <cusip>G3865B114</cusip>
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          <isin value="KYG3865B1142"/>
          <ticker value="GIX"/>
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        <balance>8198</balance>
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        <curCd>USD</curCd>
        <valUSD>81406.14</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GP-ACT III ACQ CORP. CLASS A UNITS   /</name>
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        <title>GP-ACT III ACQ CORP. CLASS A UNITS   /</title>
        <cusip>999999999</cusip>
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          <ticker value="GPATA"/>
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        <curCd>USD</curCd>
        <valUSD>0.14</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
        <title>ARES Loan Funding I Ltd.</title>
        <cusip>04018XAW9</cusip>
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          <isin value="US04018XAW92"/>
          <ticker value="04018XAW"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1503645.60</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5231</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
        <title>Ares LXXVI CLO Ltd.</title>
        <cusip>04021KAA0</cusip>
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          <isin value="US04021KAA07"/>
          <ticker value="04021KAA"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023008.70</valUSD>
        <pctVal>0.0758777641</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.8331</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arini US CLO Limited</name>
        <lei>2549005XY5NLS2UWEM64</lei>
        <title>Arini U.S. CLO I Ltd.</title>
        <cusip>04039AAG9</cusip>
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          <isin value="US04039AAG94"/>
          <ticker value="04039AAG"/>
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        <balance>1950000</balance>
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        <curCd>USD</curCd>
        <valUSD>1974718.20</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.6731</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arini US CLO Limited</name>
        <lei>254900KOH6QFFOT43O65</lei>
        <title>Arini U.S. CLO VII Ltd.</title>
        <cusip>04039MAA6</cusip>
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          <isin value="US04039MAA62"/>
          <ticker value="04039MAA"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000000</valUSD>
        <pctVal>0.0741711816</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.101020</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GP-ACT III ACQ Corp. CLASS B UNITS   /</name>
        <lei>N/A</lei>
        <title>GP-ACT III ACQ Corp. CLASS B UNITS   /</title>
        <cusip>999999999</cusip>
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          <ticker value="GPATB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>GRAF GLOBAL Corp. ORD TENDERED   /</name>
        <lei>N/A</lei>
        <title>GRAF GLOBAL Corp. ORD TENDERED   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GRAFTEND"/>
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        <curCd>USD</curCd>
        <valUSD>670950.99</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Arini US CLO Limited</name>
        <lei>254900KOH6QFFOT43O65</lei>
        <title>Arini U.S. CLO VII Ltd.</title>
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          <isin value="US04039VAG32"/>
          <ticker value="04039VAG"/>
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        <curCd>USD</curCd>
        <valUSD>1000000</valUSD>
        <pctVal>0.0741711816</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arini US CLO Limited</name>
        <lei>254900RPWXD20B0D2E70</lei>
        <title>Arini U.S. CLO V Ltd.</title>
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          <isin value="US04040CAG24"/>
          <ticker value="04040CAG"/>
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        <curCd>USD</curCd>
        <valUSD>1008726.90</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Gesher Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Gesher Acquisition Corp. II - Class A</title>
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          <isin value="KYG3852D1079"/>
          <ticker value="GSHR"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GSR IV Acquisition Corp</name>
        <lei>N/A</lei>
        <title>GSR IV Acquisition Corp. - Class A</title>
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          <ticker value="GSRF"/>
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        <curCd>USD</curCd>
        <valUSD>478170.24</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Arini US CLO Limited</name>
        <lei>254900RPWXD20B0D2E70</lei>
        <title>Arini U.S. CLO V Ltd.</title>
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          <isin value="US04040DAA37"/>
          <ticker value="04040DAA"/>
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        <curCd>USD</curCd>
        <valUSD>1020188</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ATLANTIC UNION BANKSHARE</name>
        <lei>N/A</lei>
        <title>Atlantic Union Bankshares Corp.</title>
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          <isin value="US04911AAA51"/>
          <ticker value="04911AAA"/>
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        <curCd>USD</curCd>
        <valUSD>955432</valUSD>
        <pctVal>0.0708655204</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Globa Terra Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Globa Terra Acquisition Corp. - Class A</title>
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          <isin value="KYG3933N1161"/>
          <ticker value="GTERA"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>652983.85</valUSD>
        <pctVal>0.0484325837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Chart Industries Inc</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries, Inc.</title>
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          <isin value="US16115Q3083"/>
          <ticker value="GTLS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust 2025-ATRM</title>
        <cusip>049917AG2</cusip>
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          <isin value="US049917AG27"/>
          <ticker value="049917AG"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2022700</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>Atrium Hotel Portfolio Trust 2025-ATRM</title>
        <cusip>049917AN7</cusip>
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          <isin value="US049917AN77"/>
          <ticker value="049917AN"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1008006</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners Clo XXXVII Ltd.</title>
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          <isin value="US08182TAA79"/>
          <ticker value="08182TAA"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004432.40</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>254900I5A3AKKEZZO648</lei>
        <title>Benefit Street Partners CLO 49 Ltd.</title>
        <cusip>08183TAG3</cusip>
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          <isin value="US08183TAG31"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005547.20</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners CLO XXXVI Ltd.</title>
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          <isin value="US081922AJ53"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>GoodLeap Sustainable Home Impr</name>
        <lei>N/A</lei>
        <title>Goodleap Sustainable Home Solutions Trust 2023-4</title>
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          <isin value="US38237YAA82"/>
          <ticker value="38237YAA"/>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>HCM IV Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG4365S1021"/>
          <ticker value="HACQ"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38384PKG4</cusip>
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          <isin value="US38384PKG45"/>
          <ticker value="38384PKG"/>
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        <balance>1005996.3090</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Greensky Home Improvement Issu</name>
        <lei>N/A</lei>
        <title>GreenSky Home Improvement Trust 2024-1</title>
        <cusip>39571MAE8</cusip>
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          <isin value="US39571MAE84"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9</annualizedRt>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp.</name>
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        <title>Taylor Morrison Home Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>HOMES Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HarborView Mortgage Loan Trust</name>
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        <title>HarborView Mortgage Loan Trust 2006-10</title>
        <cusip>41162CAA9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Homebanc Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HomeBanc Mortgage Trust 2006-1</title>
        <cusip>43739ECR6</cusip>
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          <isin value="US43739ECR62"/>
          <ticker value="43739ECR"/>
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        <balance>443160.9110</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Homeward Opportunities Fund I</name>
        <lei>N/A</lei>
        <title>Homeward Opportunities Fund Trust 2024-RRTL2</title>
        <cusip>43789GAE1</cusip>
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          <isin value="US43789GAE17"/>
          <ticker value="43789GAE"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Homeward Opportunities Fund I</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
        <lei>254900E6646RC82IR359</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Oaktree CLO Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Octagon Investment Partners 29</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Octagon 57 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Trestles CLO LTD</name>
        <lei>254900837GHK5VH7YU15</lei>
        <title>Trestles CLO VI Ltd.</title>
        <cusip>894940AQ8</cusip>
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        <curCd>USD</curCd>
        <valUSD>2250647.78</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trestles CLO LTD</name>
        <lei>254900GURRJTAXGF6Z90</lei>
        <title>Trestles Clo V Ltd.</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>254900S6ZHFKMFCQD992</lei>
        <title>Trinitas CLO XXI Ltd.</title>
        <cusip>89640JAW7</cusip>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>254900ZVDNHQAUJNHH42</lei>
        <title>Trinitas CLO XV Ltd.</title>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-22</maturityDt>
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          <annualizedRt>7.675250</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>254900ZVDNHQAUJNHH42</lei>
        <title>Trinitas CLO XV Ltd.</title>
        <cusip>89642BAA0</cusip>
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          <isin value="US89642BAA08"/>
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        <curCd>USD</curCd>
        <valUSD>870608.30</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-22</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>635400HEV45BA22Y6W50</lei>
        <title>Trinitas CLO XXIII Ltd.</title>
        <cusip>89642TAU7</cusip>
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          <isin value="US89642TAU79"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002422.70</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>254900JOSDBR04E6JB79</lei>
        <title>Trinitas CLO XXVII Ltd.</title>
        <cusip>89642WAE6</cusip>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>761698.05</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.265230</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>N/A</lei>
        <title>Trinitas CLO XXXIV Ltd.</title>
        <cusip>89643KAG6</cusip>
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          <isin value="US89643KAG67"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2026135.80</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-22</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Trinitas CLO Ltd</name>
        <lei>N/A</lei>
        <title>Trinitas CLO XXXIV Ltd.</title>
        <cusip>89643LAA7</cusip>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1014460.40</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-22</maturityDt>
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          <annualizedRt>10.823640</annualizedRt>
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      <invstOrSec>
        <name>Truist Bank Auto Credit-Linked</name>
        <lei>N/A</lei>
        <title>Truist Bank Auto Credit-Linked Notes Series 2025-1</title>
        <cusip>897926CE9</cusip>
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        <curCd>USD</curCd>
        <valUSD>481981.62</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.6850</annualizedRt>
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      <invstOrSec>
        <name>Truist Bank Auto Credit-Linked</name>
        <lei>N/A</lei>
        <title>Truist Bank Auto Credit-Linked Notes Series 2026-1</title>
        <cusip>897926DR9</cusip>
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          <isin value="US897926DR97"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UPG HI Issuer Trust</name>
        <lei>N/A</lei>
        <title>UPG HI 2026-1 Issuer Trust</title>
        <cusip>90321BAC2</cusip>
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          <isin value="US90321BAC28"/>
          <ticker value="90321BAC"/>
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        <balance>2225000</balance>
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        <valUSD>2219864.70</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>UPG HI Issuer Trust</name>
        <lei>N/A</lei>
        <title>UPG HI 2025-2 Issuer Trust</title>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNLOCK HEA TRUST</name>
        <lei>N/A</lei>
        <title>Unlock HEA Trust 2025-2</title>
        <cusip>914917AC3</cusip>
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          <isin value="US914917AC34"/>
          <ticker value="914917AC"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>804602</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
        <title>Voya CLO 2022-4 Ltd.</title>
        <cusip>92920MAE5</cusip>
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          <ticker value="92920MAE"/>
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        <curCd>USD</curCd>
        <valUSD>1004756.10</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>10.375230</annualizedRt>
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      <invstOrSec>
        <name>WB Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>WB Commercial Mortgage Trust 2024-HQ</title>
        <cusip>92943PAG6</cusip>
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          <isin value="US92943PAG63"/>
          <ticker value="92943PAG"/>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>247714.75</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.2778299990</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Warwick Capital CLO Ltd</name>
        <lei>254900WYTOTUQQSCN403</lei>
        <title>Warwick Capital CLO 5 Ltd.</title>
        <cusip>93656FAJ7</cusip>
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          <isin value="US93656FAJ75"/>
          <ticker value="93656FAJ"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000881</valUSD>
        <pctVal>0.0742365264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.725230</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>Wellington Management CLO</name>
        <lei>213800W7PWM3WCMD7X28</lei>
        <title>Wellington Management CLO 1 Ltd.</title>
        <cusip>94957JAS3</cusip>
        <identifiers>
          <isin value="US94957JAS33"/>
          <ticker value="94957JAS"/>
        </identifiers>
        <balance>600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>596950.86</valUSD>
        <pctVal>0.0442765506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.675230</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="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-09</ncom:dateSigned>
      <ncom:nameOfApplicant>INVESTMENT MANAGERS SERIES TRUST II</ncom:nameOfApplicant>
      <ncom:signature>/s/ Scott Schulenburg</ncom:signature>
      <ncom:signerName>Scott Schulenburg</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
