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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>OSAIC HOLDINGS INC</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>Osaic Holdings Inc</title>
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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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        <name>Agiliti Health Inc</name>
        <lei>25490002CCQ55NKGNB14</lei>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN AXLE &amp; MFG INC</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing Inc</title>
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          <isin value="US02406PBD15"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AMNEAL PHARMACEUTICALS LLC</name>
        <lei>54930037VIXE7LRZ1M66</lei>
        <title>Amneal Pharmaceuticals LLC 2026 Term Loan</title>
        <cusip>03167DAS3</cusip>
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          <isin value="US03167DAS36"/>
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        <balance>1354745.83000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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      <invstOrSec>
        <name>AMYNTA AGENCY/WARRANTY</name>
        <lei>N/A</lei>
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        <cusip>03238AAA3</cusip>
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          <isin value="US03238AAA34"/>
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        <balance>1410000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Anchorage Capital CLO LTD</name>
        <lei>549300NPGT86ACOLIL14</lei>
        <title>Anchorage Capital Clo 11 Ltd</title>
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          <isin value="US03330NAY04"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.06000000</annualizedRt>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>254900K0UHSUBZXUMR56</lei>
        <title>Apidos CLO LI Ltd</title>
        <cusip>03771JAL3</cusip>
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          <isin value="US03771JAL35"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248757.08000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ARCHES BUYER INC</name>
        <lei>2549009ADY4208OH2Y47</lei>
        <title>Arches Buyer Inc</title>
        <cusip>039524AB9</cusip>
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          <isin value="US039524AB93"/>
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        <balance>737000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARETEC GROUP INC</name>
        <lei>549300NV2T8A33L0PQ58</lei>
        <title>Aretec Group Inc 2025 Repriced Term Loan</title>
        <cusip>04009DAJ3</cusip>
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          <isin value="US04009DAJ37"/>
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        <balance>2182779.66000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-09</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Atlantic Avenue Ltd</name>
        <lei>254900YNF4JP0FNPPH69</lei>
        <title>Atlantic Avenue 2023-1 Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Atlas CC Acquisition Corp</name>
        <lei>6HHLXIOGCDNZ4IRAIW26</lei>
        <title>Atlas CC Acquisition Corp 2025 Second Out Term Loan B</title>
        <cusip>04921TAR5</cusip>
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          <isin value="US04921TAR59"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Atlas CC Acquisition Corp</name>
        <lei>6HHLXIOGCDNZ4IRAIW26</lei>
        <title>Atlas CC Acquisition Corp 2025 Second Out Term Loan C</title>
        <cusip>04921TAS3</cusip>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Aventiv Technologies LLC</name>
        <lei>549300EBCNNXVCJ2FW66</lei>
        <title>Aventiv Technologies LLC 2025 5th Amendment Incremental Bridge Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BW NHHC Holdco Inc</name>
        <lei>549300Y5ZHAEE7MHCH51</lei>
        <title>BW NHHC Holdco Inc 2022 2nd Lien Third Out Term Loan</title>
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        <fairValLevel>3</fairValLevel>
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        <name>Boxer Parent Company Inc</name>
        <lei>5493006T045HLTF7YX04</lei>
        <title>Boxer Parent Company Inc 2025 USD Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Babson CLO Ltd</name>
        <lei>54930077KYY3RXLTEG63</lei>
        <title>Barings CLO Ltd 2022-I</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Great Outdoors Group LLC</name>
        <lei>549300IYLDI2E8I2AU46</lei>
        <title>Great Outdoors Group LLC 2025 Term Loan B</title>
        <cusip>07014QAP6</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BEIGNET INVESTOR LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bridge Street CLO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bullhorn Inc</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CHARLOTTE BUYER INC</name>
        <lei>N/A</lei>
        <title>CHARLOTTE BUYER INC 2026 TERM LOAN B</title>
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          <isin value="US12568YAJ38"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Catawba Nation Gaming Authority</name>
        <lei>N/A</lei>
        <title>Catawba Nation Gaming Authority Term Loan B</title>
        <cusip>14907EAD6</cusip>
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          <isin value="US14907EAD67"/>
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        <balance>1465851.05000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-29</maturityDt>
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      <invstOrSec>
        <name>Crash Champions LLC</name>
        <lei>391200ZDD75EGEUJ7625</lei>
        <title>Crash Champions LLC 2024 Term Loan B</title>
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          <isin value="US15870MAC01"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLOTTE BUYER INC</name>
        <lei>N/A</lei>
        <title>Charlotte Buyer Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Citrin Cooperman Advisors LLC</name>
        <lei>254900DPG9ZEAP5MK895</lei>
        <title>Citrin Cooperman Advisors LLC 2025 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CohnReznick LLP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CQS US CLO Ltd</name>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CROSSCOUNTRY INTER</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WCG INTERMEDIATE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DTI Holdco Inc</name>
        <lei>549300QQVMUL3P8XVJ27</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Delta TopCo Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DERBY BUYER LLC</name>
        <lei>2549003XRO7JUBUWQX87</lei>
        <title>DERBY BUYER LLC 2026 TERM LOAN</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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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>DWYER INSTRUMENTS INC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>Elevation CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elevation CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elmwood CLO 37 Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EMBURSE INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Emerald Technologies (U.S.) Acquisitionco, Inc</name>
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        <title>Emerald Technologies (US) Acquisitionco Inc 2026 7th Amendment Term Loan</title>
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        <fairValLevel>3</fairValLevel>
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        <name>EMERALD EXPOSITIONS HLDG INC</name>
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        <title>EMERALD EXPOSITIONS HLDG INC 2026 TERM LOAN</title>
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        <fairValLevel>3</fairValLevel>
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        <name>EMERALD EXPOSITIONS HLDG INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>EMERALD EXPOSITIONS HLDG INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Endo Luxembourg Finance Company I Sa rl</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Astrion Group, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENSEMBLE RCM LLC</name>
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        <title>Ensemble RCM LLC 2026 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EyeCare Partners LLC</name>
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        <title>EyeCare Partners LLC 2024 Third Out Term Loan C</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Foreside Financial</name>
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        <title>Foreside Financial Incremental Term Loan</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</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>GSM Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MAGNERA CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goosehead Insurance Holdings LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Grant Thornton Advisors LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesys Cloud Services Holdings II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greywolf CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Intrado Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSI HALO ACQUISITION INC</name>
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        <name>PHRG Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HalseyPoint CLO Ltd.</name>
        <lei>549300CMJUK1VCINNF57</lei>
        <title>HalseyPoint CLO 4 Ltd</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Herschend Entertainment Company, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ICG US CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IXS Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illuminate Buyer, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MH Sub I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OPENMARKET INC</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ION Platform Finance US Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRIS Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>JOHNSTONE SUPPLY 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>Learning Care Group (US) No 2 Inc</name>
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        <name>Liberty Company Insurance Brokers LLC</name>
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        <name>LSF12 HELIX PARENT LLC</name>
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        <name>Madison Park Funding Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Marble Point CLO Ltd.</name>
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        <title>Marble Point CLO XV Ltd</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marble Point CLO LTD</name>
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        <title>Marble Point CLO XVI Ltd</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Marble Point CLO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Red Planet Borrower LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MCAFEE CORP</name>
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        <title>McAfee Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mckissock Investment Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mckissock Investment Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Medical Solutions Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Medical Solutions Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Men's Wearhouse, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MICHAELS COS INC/THE</name>
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        <title>Michaels Cos Inc/The</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MICHAELS COS INC/THE</name>
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        <title>Michaels Cos Inc/The</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Michaels Companies, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gainwell Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Gainwell Acquisition Corp Term Loan B</title>
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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>MITCHELL INTERNATIONAL INC</name>
        <lei>5493002RDNIGEM7SSV41</lei>
        <title>Mitchell International Inc 2026 Add-on Term Loan</title>
        <cusip>60662WBC5</cusip>
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          <isin value="US60662WBC55"/>
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        <balance>1358182.90000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-17</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MOHEGAN TRIBAL / MS DIG</name>
        <lei>N/A</lei>
        <title>Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC</title>
        <cusip>60832QAA8</cusip>
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          <isin value="US60832QAA85"/>
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        <balance>1413000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1471782.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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      <invstOrSec>
        <name>MOUNTAIN VIEW CLO</name>
        <lei>254900VKL64PZVEG4F33</lei>
        <title>Mountain View Clo XV Ltd</title>
        <cusip>62432PBE1</cusip>
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          <isin value="US62432PBE16"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001268.30000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.92000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOUNTAIN VIEW CLO</name>
        <lei>254900VKL64PZVEG4F33</lei>
        <title>Mountain View Clo XV Ltd</title>
        <cusip>62432PBN1</cusip>
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          <isin value="US62432PBN15"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491398.55000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.33000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOUNTAIN VIEW CLO</name>
        <lei>549300MWKXOHYV7Z8O91</lei>
        <title>Mountain View CLO XVI Ltd</title>
        <cusip>62432UBJ9</cusip>
        <identifiers>
          <isin value="US62432UBJ97"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502251.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.36000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MP Clo VIII, LTD</name>
        <lei>549300D60LKSR31DKI65</lei>
        <title>MP CLO VIII Ltd</title>
        <cusip>62481WBA4</cusip>
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          <isin value="US62481WBA45"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986202.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.90000000</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>NEP Group Inc</name>
        <lei>N/A</lei>
        <title>NEP Group Inc 2025 Term Loan B</title>
        <cusip>62908HAR6</cusip>
        <identifiers>
          <isin value="US62908HAR66"/>
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        <balance>2522325.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2370052.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.14000000</annualizedRt>
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      <invstOrSec>
        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp</title>
        <cusip>64828TAB8</cusip>
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          <isin value="US64828TAB89"/>
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        <balance>1446000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp</title>
        <cusip>64828TAC6</cusip>
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          <isin value="US64828TAC62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>NP KABA MERGERSUB INC</name>
        <lei>N/A</lei>
        <title>NP Kaba Mergersub Inc Term Loan</title>
        <cusip>65342SAB4</cusip>
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          <isin value="US65342SAB43"/>
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        <balance>4465325.99000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2033-01-31</maturityDt>
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      <invstOrSec>
        <name>Northwoods Capital Ltd</name>
        <lei>N/A</lei>
        <title>Northwoods Capital XV Ltd</title>
        <cusip>66860HAK8</cusip>
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          <isin value="US66860HAK86"/>
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        <balance>250000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-20</maturityDt>
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        <name>OceanKey (US) II Corp</name>
        <lei>254900Q3ECXZMSZNNZ82</lei>
        <title>OceanKey (US) II Corp 2021 Term Loan</title>
        <cusip>67526KAC3</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Oak Hill Credit</name>
        <lei>549300EX32IF3NZCVL73</lei>
        <title>OHA Credit Funding 2 LTD</title>
        <cusip>67707ECA0</cusip>
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          <isin value="US67707ECA01"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-21</maturityDt>
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        <name>ONEX TSG INTERMEDIATE CORP</name>
        <lei>5493006IJC5WXT1WJK88</lei>
        <title>Onex TSG Intermediate Corp 2026 Term Loan B</title>
        <cusip>68276QAP1</cusip>
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          <isin value="US68276QAP19"/>
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        <balance>857100.88000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-06</maturityDt>
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        <name>OneDigital Borrower LLC</name>
        <lei>2549009GTKWWAO1E9X77</lei>
        <title>OneDigital Borrower LLC 2025 Repriced Term Loan</title>
        <cusip>68277FAN9</cusip>
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        <balance>1448474.40000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-02</maturityDt>
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      <invstOrSec>
        <name>OneSky Flight, LLC</name>
        <lei>549300PM6NEPXGG5B882</lei>
        <title>OneSky Flight LLC 2026 Term Loan B</title>
        <cusip>68279FAB3</cusip>
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          <isin value="US68279FAB31"/>
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        <balance>1375232.00000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.39000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Orion US Finco Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Osaic Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Petco Health and Wellness Company, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PETSMART LLC/PETSMART FI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PETSMART LLC/PETSMART FI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PHH ESCROW ISS LCC/PHH C</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PFI Lower Midco LLC</name>
        <lei>549300H3K3S9HXKVDV78</lei>
        <title>PFI Lower Midco LLC Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Parexel International Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pikes Peak CLO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ping Identity Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Polaris Newco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PREIT Associates LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRETIUM PKG HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Project Alpha Intermediate Holding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PROOFPOINT INC</name>
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        <title>Proofpoint Inc 2025 Repriced Term Loan</title>
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        <name>St George's University Scholastic Services</name>
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        <name>SINCLAIR TELEVISION GROU</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sound Point CLO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STAPLES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Symphony CLO Ltd</name>
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        <name>Star Parent Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Associated Materials Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Vensure Employer Services Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <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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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>IT Parent LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Keep Truckin Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Acquia Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Pico Quantitative Trading Holdings LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Greystone Affordable Housing Initiatives LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HowlCo LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Gainwell Acquisition Corp</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Traack Technologies Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Barri Financial Group LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Madison Logic Holdings Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>SKYDIO, Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <name>SKYDIO INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>DNANEXUS INC</name>
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          <other otherDesc="BlackRock Identifier" value="BYDCJ4V77"/>
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        <fairValLevel>3</fairValLevel>
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        <name>TL Voltron Purchaser LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>STITCH AQUISITION CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Smarsh, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Lightspeed Solution,LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>FIRSTUP INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>FIRSTUP INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Ligado Networks LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>G-3 Apollo Acquisition Corp.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Pathway Vet Alliance LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Streamland Media Midco LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>Brook and Whittle Holding Corp.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>RAZOR GROUP GMBH</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Jones DesLauriers Insurance Management Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.66000000</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>Oxea Holding Drei GmbH</name>
        <lei>529900MSP24R2FE9U796</lei>
        <title>Oxea Holding Drei GmbH 2017 USD Term Loan B2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAD7000RAD35"/>
        </identifiers>
        <balance>73796.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48398.15000000</valUSD>
        <pctVal>0.009362924374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.53000000</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>TK Elevator Midco GmbH</name>
        <lei>549300C2AFWPAYWS5574</lei>
        <title>TK Elevator Midco GmbH 2025 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAD9000BAJ17"/>
        </identifiers>
        <balance>1339463.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1344513.21000000</valUSD>
        <pctVal>0.260104477265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.38000000</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>Apex Group Treasury LLC</name>
        <lei>254900N6HRPDDNW7HP03</lei>
        <title>Apex Group Treasury LLC 2025 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG0472CAK18"/>
        </identifiers>
        <balance>3053976.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2884114.53000000</valUSD>
        <pctVal>0.557949967780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.15000000</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>JetBlue Airways Corporation</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JetBlue Airways Corporation 2024 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG5112TAB98"/>
        </identifiers>
        <balance>1470683.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1305231.65000000</valUSD>
        <pctVal>0.252505214161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.43000000</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>Mcdermott International Ltd</name>
        <lei>54930004RAXI4B3L4752</lei>
        <title>Mcdermott International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5924V1485"/>
        </identifiers>
        <balance>17.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>374.00000000</valUSD>
        <pctVal>0.000072352635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coral-US Co-Borrower LLC</name>
        <lei>N/A</lei>
        <title>Coral-US Co-Borrower LLC 2021 Term Loan B6</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG7739PAM23"/>
        </identifiers>
        <balance>2841823.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2760916.91000000</valUSD>
        <pctVal>0.534116618794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.74000000</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>STAR ENERGY GEOTHERMAL</name>
        <lei>N/A</lei>
        <title>Star Energy Geothermal Wayang Windu Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USG84393AC49"/>
        </identifiers>
        <balance>120500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122006.25000000</valUSD>
        <pctVal>0.023602871019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>Chrysaor Bidco Sarl</name>
        <lei>254900CXX37NCB7A8J31</lei>
        <title>Chrysaor Bidco Sarl 2025 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL1588MAL09"/>
        </identifiers>
        <balance>1345121.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1346694.88000000</valUSD>
        <pctVal>0.260526534952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.67000000</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>Oravel Stays Singapore Pte. Ltd.</name>
        <lei>N/A</lei>
        <title>Oravel Stays Singapore Pte Ltd 2025 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAY7000CAB70"/>
        </identifiers>
        <balance>4951317.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5102976.85000000</valUSD>
        <pctVal>0.987202740884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.73000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock HPS Credit Strategies Fund</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
