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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BXMT 2026-FL6 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>05620AAA4</cusip>
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          <isin value="US05620AAA43"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11000550</valUSD>
        <pctVal>0.8936</pctVal>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.11961</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONE Trust 2024-DFW1</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>20682AAL4</cusip>
        <identifiers>
          <isin value="US20682AAL44"/>
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        <balance>9000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9026512.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.71608</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FS Rialto 2024-FL9 Issuer LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>30338WAE9</cusip>
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          <isin value="US30338WAE93"/>
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        <balance>7572000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7583290.61</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Greystone CRE Notes 2025-FL4 LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>39810MAE9</cusip>
        <identifiers>
          <isin value="US39810MAE93"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Greystone CRE Notes 2025-FL4 LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>39810MAG4</cusip>
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          <isin value="US39810MAG42"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2006260</valUSD>
        <pctVal>0.163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.56464</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HIH Trust 2024-61P</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>40444VAC5</cusip>
        <identifiers>
          <isin value="US40444VAC54"/>
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        <balance>8213852.79</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8266200.5</valUSD>
        <pctVal>0.6715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.01737</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HIH Trust 2024-61P</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>40444VAE1</cusip>
        <identifiers>
          <isin value="US40444VAE11"/>
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        <balance>11499393.9</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11594020.11</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.51737</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONO 2021-LULU Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>40390MAJ4</cusip>
        <identifiers>
          <isin value="US40390MAJ45"/>
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        <balance>4525000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4528834.03</valUSD>
        <pctVal>0.3679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.64148</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>HYT Commercial Mortgage Trust 2024-RGCY</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>449173AE3</cusip>
        <identifiers>
          <isin value="US449173AE38"/>
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        <balance>6000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6028252.2</valUSD>
        <pctVal>0.4897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5164</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LoanCore 2025 2025-CRE8 Issuer LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>53947FAL5</cusip>
        <identifiers>
          <isin value="US53947FAL58"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2977345.5</valUSD>
        <pctVal>0.2419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.16954</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LSTR Trust 2026-HTL6</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>50220QAA9</cusip>
        <identifiers>
          <isin value="US50220QAA94"/>
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        <balance>16600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16588086.18</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.17637</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MF1 2021-FL7 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55284AAG3</cusip>
        <identifiers>
          <isin value="US55284AAG31"/>
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        <balance>3006000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3007953.9</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.83409</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2021-FL7 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55284AAL2</cusip>
        <identifiers>
          <isin value="US55284AAL26"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5007611</valUSD>
        <pctVal>0.4068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.58409</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2024-FL15</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>58003MAE6</cusip>
        <identifiers>
          <isin value="US58003MAE66"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1504680</valUSD>
        <pctVal>0.1222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.16061</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2024-FL15</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>58003MAG1</cusip>
        <identifiers>
          <isin value="US58003MAG15"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3013125</valUSD>
        <pctVal>0.2448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.60961</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2025-FL19 LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55287KAE3</cusip>
        <identifiers>
          <isin value="US55287KAE38"/>
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        <balance>5437000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5447167.19</valUSD>
        <pctVal>0.4425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.011</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2025-FL19 LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55287KAG8</cusip>
        <identifiers>
          <isin value="US55287KAG85"/>
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        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8014960</valUSD>
        <pctVal>0.6511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.51029</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2026-FL21 LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55287NAA5</cusip>
        <identifiers>
          <isin value="US55287NAA54"/>
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        <balance>12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12011160</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <name>NYCT Trust 2024-3ELV</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
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      <invstOrSec>
        <name>PGA Trust 2024-RSR2</name>
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        <cusip>69381CAJ6</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SWCH Commercial Mortgage Trust 2025-DATA</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>78489CAE9</cusip>
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          <isin value="US78489CAE93"/>
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        <balance>2000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AB BSL CLO 5 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>00038GAL4</cusip>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AGL CLO 35 Ltd</name>
        <lei>254900LDCU83O7QV9777</lei>
        <title>ABS</title>
        <cusip>00852KAD6</cusip>
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          <isin value="US00852KAD63"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-21</maturityDt>
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      <invstOrSec>
        <name>Allegro Clo XIX Ltd</name>
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        <cusip>01749XAE1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-17</maturityDt>
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      <invstOrSec>
        <name>Allegro CLO XV Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>01749WAW3</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allegro CLO XV Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMMC CLO 26 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>00177RAQ0</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apex Credit CLO 12 Ltd</name>
        <lei>213800NFRK9CK455KQ32</lei>
        <title>ABS</title>
        <cusip>03753GAG2</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apex Credit CLO 12 Ltd</name>
        <lei>213800NFRK9CK455KQ32</lei>
        <title>ABS</title>
        <cusip>03753GAL1</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APIDOS CLO XLI Ltd</name>
        <lei>213800RGMG7DPJTR8V62</lei>
        <title>ABS</title>
        <cusip>03770CAU9</cusip>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Athena CLO III LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>04684AAC6</cusip>
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        <balance>4000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-20</maturityDt>
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      <invstOrSec>
        <name>Athena CLO III LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
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        <valUSD>6028625.4</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Atlantic Avenue 2024-2 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>04822BAE3</cusip>
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          <isin value="US04822BAE39"/>
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        <balance>6000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6056193.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bain Capital Credit CLO 2022-3 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>05684NAS0</cusip>
        <identifiers>
          <isin value="US05684NAS09"/>
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        <balance>1750000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.64952</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bain Capital Credit CLO 2023-4 Ltd</name>
        <lei>254900ZFJ59QPVWB0563</lei>
        <title>ABS</title>
        <cusip>05685EAU4</cusip>
        <identifiers>
          <isin value="US05685EAU47"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2013490</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.58373</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ballyrock CLO 25 Ltd</name>
        <lei>2549000LY2B016K4LA62</lei>
        <title>ABS</title>
        <cusip>05876QAW2</cusip>
        <identifiers>
          <isin value="US05876QAW24"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2942147.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.56015</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ballyrock Clo 32 Ltd</name>
        <lei>254900RL3S1UBVHQYH63</lei>
        <title>ABS</title>
        <cusip>058944AA7</cusip>
        <identifiers>
          <isin value="US058944AA70"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5012331.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.02015</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Barings CLO Ltd 2019-II</name>
        <lei>549300JIWL5GWW2H2336</lei>
        <title>ABS</title>
        <cusip>06761HBC1</cusip>
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          <isin value="US06761HBC16"/>
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        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7924332</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.00292</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barings Clo Ltd 2021-III</name>
        <lei>549300V1VT2NXKFG0H98</lei>
        <title>ABS</title>
        <cusip>06762TAQ4</cusip>
        <identifiers>
          <isin value="US06762TAQ40"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10049759</valUSD>
        <pctVal>0.8163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.62921</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Battalion CLO XX Ltd</name>
        <lei>549300CDYR56PY734566</lei>
        <title>ABS</title>
        <cusip>07134UBA4</cusip>
        <identifiers>
          <isin value="US07134UBA43"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1979046.2</valUSD>
        <pctVal>0.1608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.90292</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Benefit Street Partners CLO XIV Ltd</name>
        <lei>5493008E17UEFI73RC63</lei>
        <title>ABS</title>
        <cusip>08179LAQ4</cusip>
        <identifiers>
          <isin value="US08179LAQ41"/>
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        <balance>4050000</balance>
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        <curCd>USD</curCd>
        <valUSD>4067093.43</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.72921</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>08182DAW4</cusip>
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          <isin value="US08182DAW48"/>
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        <balance>3125000</balance>
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        <curCd>USD</curCd>
        <valUSD>3120811.25</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.47921</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Birch Grove CLO 2 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>09077LAS1</cusip>
        <identifiers>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5021104.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.77921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Birch Grove Clo 9 Ltd</name>
        <lei>254900VS6E4BD1HWHW18</lei>
        <title>ABS</title>
        <cusip>09077WAG3</cusip>
        <identifiers>
          <isin value="US09077WAG33"/>
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        <balance>2110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2118903.78</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.73322</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Black Diamond CLO 2024-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>09204UAE8</cusip>
        <identifiers>
          <isin value="US09204UAE82"/>
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        <balance>19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19109641.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.16015</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>BlackRock Shasta CLO XIII LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>09263EAG7</cusip>
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        <balance>12500000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.80292</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BlueMountain CLO XXII Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>09629PAG1</cusip>
        <identifiers>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004170.3</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.96453</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brightwood Capital MM CLO 2024-2 Ltd</name>
        <lei>2549000G72BYQPXZVH78</lei>
        <title>ABS</title>
        <cusip>10950BAJ3</cusip>
        <identifiers>
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        <balance>8000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8038817.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.60292</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bryant Park Funding 2024-25 Ltd</name>
        <lei>391200WG98O5N39H7C57</lei>
        <title>ABS</title>
        <cusip>117913AL7</cusip>
        <identifiers>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5000283.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-18</maturityDt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Canyon CLO 2025-1 Ltd</name>
        <lei>2549003XZO020J9AAJ87</lei>
        <title>ABS</title>
        <cusip>138919AL9</cusip>
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          <isin value="US138919AL94"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4955874.5</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.65292</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Capital Four US CLO III Ltd</name>
        <lei>2138007OEEVG7UTPUH03</lei>
        <title>ABS</title>
        <cusip>14016LAU0</cusip>
        <identifiers>
          <isin value="US14016LAU08"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2006995.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-21</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Capital Four US CLO III Ltd</name>
        <lei>2138007OEEVG7UTPUH03</lei>
        <title>ABS</title>
        <cusip>14016LAY2</cusip>
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          <isin value="US14016LAY20"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-21</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE US CLO 2019-3 LTD</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>14314HBQ6</cusip>
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          <isin value="US14314HBQ65"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5024770.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.17921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Carlyle US CLO 2021-7 LTD</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>14316WAW9</cusip>
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          <isin value="US14316WAW91"/>
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        <balance>3750000</balance>
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        <curCd>USD</curCd>
        <valUSD>3699708.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.75292</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Carlyle US CLO 2022-6 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>14317GBA0</cusip>
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          <isin value="US14317GBA04"/>
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        <balance>13500000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.56015</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE US CLO 2023-2 LTD</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>14318GAU6</cusip>
        <identifiers>
          <isin value="US14318GAU67"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4028604.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.62921</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cedar Funding XII CLO Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>15033TBE4</cusip>
        <identifiers>
          <isin value="US15033TBE47"/>
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        <balance>7000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7048723.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.71015</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CFIP CLO 2017-1 Ltd</name>
        <lei>635400N9HTJKJSK1AS88</lei>
        <title>ABS</title>
        <cusip>12528JAS5</cusip>
        <identifiers>
          <isin value="US12528JAS50"/>
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        <balance>6000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6034405.8</valUSD>
        <pctVal>0.4902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.59082</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CIFC Funding 2018-I Ltd</name>
        <lei>635400VBVF8AYJQBI411</lei>
        <title>ABS</title>
        <cusip>17181NAL8</cusip>
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          <isin value="US17181NAL82"/>
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        <balance>6500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6510635.95</valUSD>
        <pctVal>0.5289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.52921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIFC Funding 2014-II-R Ltd</name>
        <lei>549300O8WGQU5B6HEB94</lei>
        <title>ABS</title>
        <cusip>12548RAR5</cusip>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3963623.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.77509</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>Columbia Cent CLO 32 Ltd</name>
        <lei>549300NBGVSLUALOY827</lei>
        <title>ABS</title>
        <cusip>19737TBN5</cusip>
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          <isin value="US19737TBN54"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2518632.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.87509</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden 49 Senior Loan Fund</name>
        <lei>549300VCB8LYR1RGV869</lei>
        <title>ABS</title>
        <cusip>26244QAS2</cusip>
        <identifiers>
          <isin value="US26244QAS21"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004232.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.04082</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden 93 CLO Ltd</name>
        <lei>5493009K6Z2DW3X76185</lei>
        <title>ABS</title>
        <cusip>26190TAS0</cusip>
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          <isin value="US26190TAS06"/>
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        <balance>6000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.45292</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden 93 CLO Ltd</name>
        <lei>5493009K6Z2DW3X76185</lei>
        <title>ABS</title>
        <cusip>26190TAY7</cusip>
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        <balance>6600000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Elevation CLO 2026-19 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>28624QAC3</cusip>
        <identifiers>
          <isin value="US28624QAC33"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3005742.3</valUSD>
        <pctVal>0.2442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.03292</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elevation CLO 2020-11 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>28621YBA2</cusip>
        <identifiers>
          <isin value="US28621YBA29"/>
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        <balance>4100000</balance>
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        <curCd>USD</curCd>
        <valUSD>4052518.72</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.75292</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>Elevation CLO 2025-18 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>28623JAJ5</cusip>
        <identifiers>
          <isin value="US28623JAJ51"/>
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        <balance>16000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-28</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Elevation CLO 2025-18 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>28623JAL0</cusip>
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          <isin value="US28623JAL08"/>
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        <balance>9000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8932792.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.72921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elmwood CLO 39 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>289910AN1</cusip>
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          <isin value="US289910AN19"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4960598.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.29952</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Elmwood CLO VII Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>29002QAY5</cusip>
        <identifiers>
          <isin value="US29002QAY52"/>
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        <balance>3750000</balance>
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        <curCd>USD</curCd>
        <valUSD>3765824.63</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.74952</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Elmwood CLO XI Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>29002LAS9</cusip>
        <identifiers>
          <isin value="US29002LAS97"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2497256.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.42921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gallatin CLO XI 2024-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>36362HAG3</cusip>
        <identifiers>
          <isin value="US36362HAG39"/>
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        <balance>1100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1106341.17</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.02921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hayfin US XV Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>420916AJ7</cusip>
        <identifiers>
          <isin value="US420916AJ77"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10075316</valUSD>
        <pctVal>0.8184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.37013</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ICG US Clo 2020-1 Ltd</name>
        <lei>254900UXTGDH0QOBDH07</lei>
        <title>ABS</title>
        <cusip>449251AS6</cusip>
        <identifiers>
          <isin value="US449251AS60"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002490.3</valUSD>
        <pctVal>0.0814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.59082</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco US CLO 2023-4 Ltd</name>
        <lei>254900CLWY1AN9F4PD86</lei>
        <title>ABS</title>
        <cusip>46091XAY6</cusip>
        <identifiers>
          <isin value="US46091XAY67"/>
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        <balance>15702000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15807911.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57921</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco US CLO 2023-3 Ltd</name>
        <lei>213800YAVR2FVYDIRM63</lei>
        <title>ABS</title>
        <cusip>46091RAQ6</cusip>
        <identifiers>
          <isin value="US46091RAQ65"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10071423</valUSD>
        <pctVal>0.8181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.65292</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kennedy Lewis CLO 4 Ltd</name>
        <lei>549300HNXZUJB12SQJ60</lei>
        <title>ABS</title>
        <cusip>37148BAL4</cusip>
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          <isin value="US37148BAL45"/>
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        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7815266.4</valUSD>
        <pctVal>0.6348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.52921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KKR CLO 49 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>481939AX4</cusip>
        <identifiers>
          <isin value="US481939AX41"/>
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        <balance>600000</balance>
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        <curCd>USD</curCd>
        <valUSD>603859.08</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.02921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Park Funding LXII Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55817HBC2</cusip>
        <identifiers>
          <isin value="US55817HBC25"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10077057</valUSD>
        <pctVal>0.8186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.79286</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Madison Park Funding XXXVI Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55819PBK4</cusip>
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          <isin value="US55819PBK49"/>
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        <balance>11000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.45292</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Madison Park Funding LXIX Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>55822VAL5</cusip>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1982446</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.56015</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Magnetite Xli Ltd</name>
        <lei>529900IDXPZZY6034K03</lei>
        <title>ABS</title>
        <cusip>55956AAE5</cusip>
        <identifiers>
          <isin value="US55956AAE55"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1507409.7</valUSD>
        <pctVal>0.1224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.66015</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Magnetite XXXIV Ltd</name>
        <lei>5493007RY5PFZOE8RF76</lei>
        <title>ABS</title>
        <cusip>55952MAW3</cusip>
        <identifiers>
          <isin value="US55952MAW38"/>
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        <balance>1515000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500198.15</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.30292</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marble Point CLO XVIII Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>566076BG9</cusip>
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        <balance>7500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7554316.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.75292</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Neuberger Berman CLO XXI Ltd</name>
        <lei>549300VBBLOSKH8XQ869</lei>
        <title>ABS</title>
        <cusip>64130DCC2</cusip>
        <identifiers>
          <isin value="US64130DCC20"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>998844</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-20</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 26 Ltd</name>
        <lei>549300P0MOXZPIM3AS61</lei>
        <title>ABS</title>
        <cusip>64131QAW0</cusip>
        <identifiers>
          <isin value="US64131QAW06"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2468713.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.07921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NGC CLO 2 LTD</name>
        <lei>254900VQH7AI9RS70C59</lei>
        <title>ABS</title>
        <cusip>652942AJ2</cusip>
        <identifiers>
          <isin value="US652942AJ24"/>
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        <balance>1200000</balance>
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        <curCd>USD</curCd>
        <valUSD>1210414.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.92921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oaktree CLO 2019-2 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>67401UBC0</cusip>
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          <isin value="US67401UBC09"/>
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        <balance>5589000</balance>
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        <curCd>USD</curCd>
        <valUSD>5618327.72</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.95292</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oaktree CLO 2023-2 Ltd</name>
        <lei>254900E6646RC82IR359</lei>
        <title>ABS</title>
        <cusip>67401QAS5</cusip>
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          <isin value="US67401QAS57"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4028578</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67921</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oaktree CLO 2024-27 Ltd</name>
        <lei>2549005VHJ8BB9WPL105</lei>
        <title>ABS</title>
        <cusip>67402UAL0</cusip>
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          <isin value="US67402UAL08"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000474.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.93322</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Obra CLO 1 Ltd</name>
        <lei>254900IXPSGZDGZO2P84</lei>
        <title>ABS</title>
        <cusip>67443AAL5</cusip>
        <identifiers>
          <isin value="US67443AAL52"/>
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        <balance>1025000</balance>
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        <curCd>USD</curCd>
        <valUSD>1007115.39</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.259</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ocean Trails CLO XV Ltd</name>
        <lei>5493000CJCL8E235WY49</lei>
        <title>ABS</title>
        <cusip>67515BAS1</cusip>
        <identifiers>
          <isin value="US67515BAS16"/>
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        <balance>11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11087241</valUSD>
        <pctVal>0.9006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.75292</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Octagon 52 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>67577KAS6</cusip>
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          <isin value="US67577KAS69"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2010401.2</valUSD>
        <pctVal>0.1633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00217</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OFSI BSL XII Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>67629HAN2</cusip>
        <identifiers>
          <isin value="US67629HAN26"/>
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        <balance>6000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5853595.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.72921</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OFSI BSL XIII CLO LTD</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>67118VAY5</cusip>
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          <isin value="US67118VAY56"/>
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        <balance>18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18135624.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>OFSI BSL XIV CLO Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>67119GAJ0</cusip>
        <identifiers>
          <isin value="US67119GAJ04"/>
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        <balance>5625000</balance>
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        <curCd>USD</curCd>
        <valUSD>5678485.31</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.87921</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OHA Credit Partners VII Ltd</name>
        <lei>549300LXLBAFTIMXZT54</lei>
        <title>ABS</title>
        <cusip>67102QBV9</cusip>
        <identifiers>
          <isin value="US67102QBV95"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1991512</valUSD>
        <pctVal>0.1618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.14192</annualizedRt>
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      <invstOrSec>
        <name>Palmer Square CLO 2021-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>69701WAU0</cusip>
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          <isin value="US69701WAU09"/>
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        <balance>4750000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.27921</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Park Blue CLO 2022-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>70016WAY0</cusip>
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          <isin value="US70016WAY03"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004738.3</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PPM CLO 3 Ltd</name>
        <lei>549300UEAJV6RALDS969</lei>
        <title>ABS</title>
        <cusip>69355EAS4</cusip>
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          <isin value="US69355EAS46"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.11113</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rad CLO 10 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>48662LAE1</cusip>
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          <isin value="US48662LAE11"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2517594</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-23</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Rad CLO 16 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>75009LAS5</cusip>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5030888</valUSD>
        <pctVal>0.4087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RAD CLO 21 Ltd</name>
        <lei>N/A</lei>
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        <cusip>750099AQ6</cusip>
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          <isin value="US750099AQ69"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>Rad Clo 25 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>75009GAN7</cusip>
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          <isin value="US75009GAN79"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2012380.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Sculptor CLO XXVI Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>81124TAS6</cusip>
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          <isin value="US81124TAS69"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Steele Creek Clo 2018-1 Ltd</name>
        <lei>5493003MADGN3MR3LO39</lei>
        <title>ABS</title>
        <cusip>85815CAG4</cusip>
        <identifiers>
          <isin value="US85815CAG42"/>
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        <balance>6500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6552086.45</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.86453</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Steele Creek CLO 2016-1 Ltd</name>
        <lei>5493003PZ3HX9NW9PS65</lei>
        <title>ABS</title>
        <cusip>858102BA3</cusip>
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          <isin value="US858102BA39"/>
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        <balance>6250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.82596</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Sycamore Tree CLO 2024-5 Ltd</name>
        <lei>213800TOX9K8OSWW9S26</lei>
        <title>ABS</title>
        <cusip>87122YAW5</cusip>
        <identifiers>
          <isin value="US87122YAW57"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5036244.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.62921</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TCI-Symphony CLO 2017-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>87232BAK8</cusip>
        <identifiers>
          <isin value="US87232BAK89"/>
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        <balance>749037.28</balance>
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        <curCd>USD</curCd>
        <valUSD>752033.73</valUSD>
        <pctVal>0.0611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.81453</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TCW CLO 2019-2 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>87242BBN9</cusip>
        <identifiers>
          <isin value="US87242BBN91"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5034754.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.62921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TCW CLO 2021-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>87190KBA9</cusip>
        <identifiers>
          <isin value="US87190KBA97"/>
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        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7850318.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.72921</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Trinitas CLO XV Ltd</name>
        <lei>254900ZVDNHQAUJNHH42</lei>
        <title>ABS</title>
        <cusip>89641XAS4</cusip>
        <identifiers>
          <isin value="US89641XAS45"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2517611.75</valUSD>
        <pctVal>0.2045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.78322</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VCC CLO 1 LLC</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>91825AAG4</cusip>
        <identifiers>
          <isin value="US91825AAG40"/>
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        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8044568</valUSD>
        <pctVal>0.6535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.37921</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Voya 2012-4 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>92916GBG8</cusip>
        <identifiers>
          <isin value="US92916GBG82"/>
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        <balance>1300000</balance>
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        <curCd>USD</curCd>
        <valUSD>1305411.25</valUSD>
        <pctVal>0.106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.96453</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Voya CLO 2014-4 Ltd</name>
        <lei>549300JHU3YI1LLL3V27</lei>
        <title>ABS</title>
        <cusip>92914RBE1</cusip>
        <identifiers>
          <isin value="US92914RBE18"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1011015.8</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.35216</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wellfleet CLO 2022-1 Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>94950TBA6</cusip>
        <identifiers>
          <isin value="US94950TBA60"/>
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        <balance>4950000</balance>
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        <curCd>USD</curCd>
        <valUSD>4799244.29</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.35292</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wind River 2021-3 CLO Ltd</name>
        <lei>254900AGKLJSTAXGRN27</lei>
        <title>ABS</title>
        <cusip>97316DBA3</cusip>
        <identifiers>
          <isin value="US97316DBA37"/>
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        <balance>9400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9218258.52</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.67921</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wind River 2021-4 CLO Ltd</name>
        <lei>N/A</lei>
        <title>ABS</title>
        <cusip>97316UAG3</cusip>
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          <isin value="US97316UAG31"/>
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        <balance>7500000</balance>
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        <curCd>USD</curCd>
        <valUSD>7240029.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.19082</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>CORPORATE BONDS</title>
        <cusip>023135DK9</cusip>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4610950</valUSD>
        <pctVal>0.3745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2076-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05</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>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>CORPORATE BONDS</title>
        <cusip>02079KBB2</cusip>
        <identifiers>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4413575</valUSD>
        <pctVal>0.3585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2075-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7</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>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>CORPORATE BONDS</title>
        <cusip>30303M8Y1</cusip>
        <identifiers>
          <isin value="US30303M8Y18"/>
        </identifiers>
        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4140155</valUSD>
        <pctVal>0.3363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>CORPORATE BONDS</title>
        <cusip>30303MAL6</cusip>
        <identifiers>
          <isin value="US30303MAL63"/>
        </identifiers>
        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4566640</valUSD>
        <pctVal>0.3709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45</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>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>CORPORATE BONDS</title>
        <cusip>71654QBX9</cusip>
        <identifiers>
          <isin value="US71654QBX97"/>
        </identifiers>
        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3880000</valUSD>
        <pctVal>0.3152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>CORPORATE BONDS</title>
        <cusip>71654QDD1</cusip>
        <identifiers>
          <isin value="US71654QDD16"/>
        </identifiers>
        <balance>40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35760000</valUSD>
        <pctVal>2.9048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69</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>Flagstar Bank NA</name>
        <lei>SS1TRMSN6BRNMOREEV51</lei>
        <title>CORPORATE BONDS</title>
        <cusip>649445AC7</cusip>
        <identifiers>
          <isin value="US649445AC78"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2954151</valUSD>
        <pctVal>0.24</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.80252</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>CIG DS1 LLC</name>
        <lei>N/A</lei>
        <title>CORPORATE BONDS</title>
        <cusip>171786AA4</cusip>
        <identifiers>
          <isin value="US171786AA49"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5000000</valUSD>
        <pctVal>0.4062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>Blue Owl Technology Finance Corp</name>
        <lei>254900G5EZJSOD3UKL16</lei>
        <title>CORPORATE BONDS</title>
        <cusip>095924AD8</cusip>
        <identifiers>
          <isin value="US095924AD81"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9898800</valUSD>
        <pctVal>0.8041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>Academy Veteran Bond ETF</name>
        <lei>5493000KQ8XCYEBZT527</lei>
        <title>EXCHANGE-TRADED FUND</title>
        <cusip>886364389</cusip>
        <identifiers>
          <isin value="US8863643891"/>
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        <balance>50000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>969300</valUSD>
        <pctVal>0.0787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>GOVERNMENT SECURITIES</title>
        <cusip>912810UV8</cusip>
        <identifiers>
          <isin value="US912810UV88"/>
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        <balance>50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48371094</valUSD>
        <pctVal>3.9292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>Fidelity Government Portfolio</name>
        <lei>549300FQDFZGLUOCWN51</lei>
        <title>MONEY MARKET FUND</title>
        <cusip>31607A703</cusip>
        <identifiers>
          <isin value="US31607A7037"/>
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        <balance>211651632.3</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211651632.3</valUSD>
        <pctVal>17.1925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leader Short Term High Yield Bond Fund</name>
        <lei>54930055U85E86N3X724</lei>
        <title>MUTUAL FUND</title>
        <cusip>52169B103</cusip>
        <identifiers>
          <isin value="US52169B1035"/>
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        <balance>3617067.4</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29479099.31</valUSD>
        <pctVal>2.3946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boxabl, Inc.</name>
        <lei>N/A</lei>
        <title>PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BXABL3052"/>
        </identifiers>
        <balance>506849</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2089231.578</valUSD>
        <pctVal>0.1697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KKR &amp; Co Inc</name>
        <lei>54930013V5I303TF9571</lei>
        <title>PREFERRED STOCK</title>
        <cusip>48251W500</cusip>
        <identifiers>
          <isin value="US48251W5004"/>
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        <balance>200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8678000</valUSD>
        <pctVal>0.7049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bill</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>Government Securities</title>
        <cusip>912797VA2</cusip>
        <identifiers>
          <isin value="US912797VA22"/>
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        <balance>50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49364301</valUSD>
        <pctVal>4.0099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-09-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Leader Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Larry Beaver</ncom:signature>
      <ncom:signerName>Larry Beaver</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
