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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allison Transmission, Inc.</name>
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        <title>Allison Transmission, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bausch Health Cos. Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos. Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>Bausch Health Cos. Inc.</name>
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        <title>Bausch Health Cos. Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MPT Operating Partnership L.P./ MPT Finance Corp.</name>
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        <title>MPT Operating Partnership L.P./ MPT Finance Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AA8</cusip>
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        <balance>1000.00000000</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>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Studio City Finance Ltd.</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>Studio City Finance Ltd.</title>
        <cusip>86389QAG7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
        <cusip>12543DBK5</cusip>
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          <isin value="US12543DBK54"/>
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        <balance>82000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75493.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Navient Corp.</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp.</title>
        <cusip>63938CAL2</cusip>
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        <balance>37000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
        <cusip>25525PAB3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
        <cusip>15135BAX9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>American Airlines Inc./AAdvantage Loyalty IP Ltd.</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Inc./AAdvantage Loyalty IP Ltd.</title>
        <cusip>00253XAB7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NESCO Holdings II, Inc.</name>
        <lei>254900FAHT0HW9T6L409</lei>
        <title>NESCO Holdings II, Inc.</title>
        <cusip>64083YAA9</cusip>
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        <balance>95000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
        <title>CCO Holdings, LLC/CCO Holdings Capital Corp.</title>
        <cusip>1248EPCL5</cusip>
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        <balance>182000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Carriage Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC Holdings, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Univision Communications Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Vodafone Group PLC</name>
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        <title>Vodafone Group PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2081-06-04</maturityDt>
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        <name>Telecom Italia Capital S.A.</name>
        <lei>549300777DJZOR5C4L39</lei>
        <title>Telecom Italia Capital S.A.</title>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Americanas S.A.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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      <invstOrSec>
        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Clarivate Science Holdings Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Roller Bearing Co. of America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Enterprise Stone &amp; Lime Co, Inc.</name>
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        <title>New Enterprise Stone &amp; Lime Co, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Corp.</name>
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        <title>Navient Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hertz Corp. (The)</name>
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        <title>Hertz Corp. (The)</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Information Management Services, Inc.</name>
        <lei>N/A</lei>
        <title>Iron Mountain Information Management Services, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Corp.</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings, Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>Clydesdale Acquisition Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Iris Holding, Inc. (Intertape)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P. / Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Short Duration High Yield ETF</name>
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        <title>Invesco Short Duration High Yield ETF</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cloud Software Group, LLC</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group, LLC</title>
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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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          <annualizedRt>9.00000000</annualizedRt>
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        <name>Six Flags Entertainment Corp.</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>Six Flags Entertainment Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Navient Corp.</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>First Quantum Minerals Ltd.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LCM Investments Holdings II, LLC</name>
        <lei>549300P5V78NNQTG4428</lei>
        <title>LCM Investments Holdings II, LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Worldline</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>Worldline</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <name>Vistra Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationstar Mortgage Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FirstCash, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prairie Acquiror L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cleveland-Cliffs Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ESAB Corp.</name>
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        <title>ESAB Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iliad Holding</name>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cougar JV Subsidiary, LLC</name>
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        <name>Cloud Software Group, LLC</name>
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        <name>Starz Capital Holdings 1, Inc.</name>
        <lei>549300MWJHNLR35C0837</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Brink's Co. (The)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>Brink's Co. (The)</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wrangler Holdco Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Hertz Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northriver Midstream Finance L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fibercop S.p.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Summit Midstream Holdings, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Group 1 Automotive, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc.</name>
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        <name>Global Aircraft Leasing Co., Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
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        <name>TransDigm, Inc.</name>
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        <name>PHINIA Inc.</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHINIA Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Provident Funding Associates L.P./ PFG Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GGAM Finance Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BondBloxx CCC-Rated USD High Yield Corporate Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Venture Global LNG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Endo Finance Holdings L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Horizon Mutual Holdings, Inc.</name>
        <lei>254900R6BWV4LUXBN549</lei>
        <title>Horizon Mutual Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Finance Corp.</name>
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        <title>OneMain Finance Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Molina Healthcare, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EchoStar Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FS KKR Capital Corp.</name>
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        <title>FS KKR Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EchoStar Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iliad Holding</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>Iliad Holding</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabre GLBL Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>iHeartCommunications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Atos Group</name>
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        <title>Atos Group</title>
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          <isin value="XS2950595087"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-18</maturityDt>
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        <name>Caturus Energy, LLC</name>
        <lei>254900LM244SIFQ1QY31</lei>
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          <isin value="US49446BAA26"/>
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        <curCd>USD</curCd>
        <valUSD>127195.25000000</valUSD>
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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>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Brundage-Bone Concrete Pumping Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Brundage-Bone Concrete Pumping Holdings, Inc.</title>
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          <isin value="US66981QAB23"/>
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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>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>Sinclair Television Group, Inc.</title>
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          <isin value="US829259BH26"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15426.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Directv Financing LLC / Directv Financing Co-Obligor Inc.</name>
        <lei>N/A</lei>
        <title>Directv Financing LLC / Directv Financing Co-Obligor Inc.</title>
        <cusip>25461LAD4</cusip>
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          <isin value="US25461LAD47"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95528.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>BBVA Bancomer S.A.</name>
        <lei>549300WIWQK5Q9MCUN92</lei>
        <title>BBVA Bancomer S.A.</title>
        <cusip>YR2963183</cusip>
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          <isin value="USP2000GAA15"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC</title>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37663.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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        <name>TrueNoord Capital DAC</name>
        <lei>N/A</lei>
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        <balance>326000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <name>MPH Acquisition Holdings LLC</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH Acquisition Holdings LLC, Term Loan</title>
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        <balance>28914.05000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29010.48000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756CL2</cusip>
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          <isin value="US105756CL22"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205530.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>First Quantum Minerals Ltd.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>First Quantum Minerals Ltd.</title>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Walker &amp; Dunlop, Inc.</name>
        <lei>N/A</lei>
        <title>Walker &amp; Dunlop, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bread Financial Holdings, Inc.</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Bread Financial Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco L.P.</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco L.P.</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>EZCORP, Inc.</name>
        <lei>5493003K6PG3ZQ7TUQ63</lei>
        <title>EZCORP, Inc.</title>
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        <balance>321000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>1261229 B.C. Ltd.</name>
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        <name>Forvia SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Opal Bidco SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Excelerate Energy L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EnPro Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Navient Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabre GLBL Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telecom Argentina S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Finance Corp.</name>
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        <name>Rocket Cos., Inc.</name>
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        <name>Global Partners L.P./ GLP Finance Corp.</name>
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        <name>Phoenix Aviation Capital Ltd.</name>
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        <name>Tidewater Inc.</name>
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        <name>SGUS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gray Media, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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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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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Advance Auto Parts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>E.W. Scripps Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PetSmart LLC / PetSmart Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saks Global Enterprises LLC</name>
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        <name>Wynn Macau, Ltd.</name>
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        <name>TransDigm, Inc.</name>
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        <name>Clarios Global L.P./ Clarios US Finance Co.</name>
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        <title>Clarios Global L.P./ Clarios US Finance Co.</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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        <name>Allison Transmission, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HA Sustainable Infrastructure Capital, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Altice France Holding S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APLD ComputeCo LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Plaquemines LNG, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabre GLBL Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Level 3 Financing, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC/ Asurion Co-Issuer Inc.</name>
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        <title>Asurion LLC/ Asurion Co-Issuer Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bausch and Lomb, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Flash Compute LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <name>Calumet Specialty Products Partners L.P./ Calumet Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GFL Environmental Holdings (US), Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bristow Group Inc.</name>
        <lei>5493005Q24EN3UC1PV68</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC/ Asurion Co-Issuer Inc.</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC/ Asurion Co-Issuer Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>CVR Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>First Quantum Minerals Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SV RNO Property Owner 1, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HA Sustainable Infrastructure Capital, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oak-Eagle AcquireCo, Inc.</name>
        <lei>6488ICS9P20290MA1H31</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave Compute Acquisition Co. VIII, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Meridian Arc Holdco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Core Scientific Finance I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coeur Mining, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RD Michigan Property Owner I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Airlines 2026-1 Class B Pass Through Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FirstCash, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PR RNO Property Owner 1, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LSF12 Pillar Investments (US), Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blackstone Mortgage Trust, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Harvest Midstream I, L.P.</name>
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        <name>Par Petroleum, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rithm Capital Corp.</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FMC Corp.</name>
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        <name>Discovery Global Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ELK Grove Village Property LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphabet Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cushman &amp; Wakefield U.S. Borrower, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MM Mirage Bluewater II Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greystar Real Estate Partners, LLC</name>
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        <name>Robinhood Markets, Inc.</name>
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        <name>GFL Environmental Holdings (US), Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yondr JK 1, LLC</name>
        <lei>N/A</lei>
        <title>Yondr JK 1, LLC</title>
        <cusip>985925AA4</cusip>
        <identifiers>
          <isin value="US985925AA44"/>
        </identifiers>
        <balance>98000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98319.07000000</valUSD>
        <pctVal>0.253059819437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gaia Purchaser, Inc.</name>
        <lei>N/A</lei>
        <title>Gaia Purchaser, Inc.</title>
        <cusip>36276MAA0</cusip>
        <identifiers>
          <isin value="US36276MAA09"/>
        </identifiers>
        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197357.04000000</valUSD>
        <pctVal>0.507969989008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</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>Oceaneering International, Inc.</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>Oceaneering International, Inc.</title>
        <cusip>675232AE2</cusip>
        <identifiers>
          <isin value="US675232AE29"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73175.13000000</valUSD>
        <pctVal>0.188342761838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Core &amp; Main L.P.</name>
        <lei>549300ZSLF8Q660SCD17</lei>
        <title>Core &amp; Main L.P.</title>
        <cusip>21867FAC8</cusip>
        <identifiers>
          <isin value="US21867FAC86"/>
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        <balance>197000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198129.39000000</valUSD>
        <pctVal>0.509957912119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
        <cusip>925524AX8</cusip>
        <identifiers>
          <isin value="US925524AX89"/>
        </identifiers>
        <balance>97000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91034.03000000</valUSD>
        <pctVal>0.234309124308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>Bath &amp; Body Works, Inc.</title>
        <cusip>532716AN7</cusip>
        <identifiers>
          <isin value="US532716AN75"/>
        </identifiers>
        <balance>59000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59245.61000000</valUSD>
        <pctVal>0.152490085281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.60000000</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>Transocean International Ltd.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean International Ltd.</title>
        <cusip>893830AT6</cusip>
        <identifiers>
          <isin value="US893830AT68"/>
        </identifiers>
        <balance>199000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>184710.90000000</valUSD>
        <pctVal>0.475420556787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>AIM Variable Insurance Funds (Invesco Variable Insurance Funds)</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
