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        <fairValLevel>2</fairValLevel>
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        <name>ADMI Corp</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADMI Corp</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Advantage Sales &amp; Marketing, Inc.</name>
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          <isin value="US00769EBC30"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Albion Financing 3 SARL</name>
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        <title>Albion Financing 3 SARL 2025 USD Term Loan</title>
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          <isin value="US01330EAD04"/>
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        <balance>85400.54000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ALLISON TRANSMISSION INC</name>
        <lei>MWKQ3I0U1GXP2YDSZW75</lei>
        <title>Allison Transmission Inc 2025 Incremental Term Loan B</title>
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          <isin value="US01973KAJ51"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Alltech Inc</name>
        <lei>549300HV8FN6KMLFMN67</lei>
        <title>Alltech Inc 2025 Term Loan</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allwyn Entertainment Financing US LLC</name>
        <lei>N/A</lei>
        <title>Allwyn Entertainment Financing US LLC 2025 1st Lien Term Loan B</title>
        <cusip>02008EAE7</cusip>
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          <isin value="US02008EAE77"/>
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        <balance>682942.94000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Alpha Generation LLC</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>Alpha Generation LLC Term Loan B</title>
        <cusip>02072UAC6</cusip>
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          <isin value="US02072UAC62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DWYER INSTRUMENTS INC</name>
        <lei>N/A</lei>
        <title>DWYER INSTRUMENTS INC 2026 TERM LOAN B</title>
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          <isin value="US02317YAB56"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>DWYER INSTRUMENTS INC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>AMENTUM HOLDINGS INC</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>Amentum Holdings Inc 2026 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN AIRLINES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Rock Salt Company LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Rock Salt Company LLC</name>
        <lei>549300FBKBNV4GSVVR46</lei>
        <title>American Rock Salt Company LLC 2024 First Out Delayed Draw Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AMNEAL PHARMACEUTICALS LLC</name>
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        <title>Amneal Pharmaceuticals LLC 2026 Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AMSPEC PARENT LLC</name>
        <lei>254900LUGRP5Z7OOV477</lei>
        <title>Amspec Parent LLC 2026 Term Loan B</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>AMWINS GROUP INC</name>
        <lei>549300SJE7MUB8NMRG61</lei>
        <title>AmWINS Group Inc 2026 Term Loan B</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Prime Security Services Borrower, LLC</name>
        <lei>549300O6QPZVWXV2DC15</lei>
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          <isin value="US03765VAQ32"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apro LLC</name>
        <lei>549300HALLMPVGYAKP14</lei>
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        <cusip>03834XAP8</cusip>
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        <balance>459679.20000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Aramark Services Inc</name>
        <lei>42YMHYH0XMHJEXDUB065</lei>
        <title>Aramark Services Inc 2025 Repriced Term Loan</title>
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          <isin value="US03852JBB61"/>
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        <balance>1169059.46000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Arches Buyer Inc</name>
        <lei>2549009ADY4208OH2Y47</lei>
        <title>Arches Buyer Inc 2021 Term Loan B</title>
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          <isin value="US03952HAD61"/>
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        <balance>497368.42000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arcis Golf LLC</name>
        <lei>254900ZMGXNNIX4SXQ48</lei>
        <title>Arcis Golf LLC 2025 Term Loan B</title>
        <cusip>03958MAF4</cusip>
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          <isin value="US03958MAF41"/>
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        <balance>1253272.84000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Heritage Environmental Services, Inc.</name>
        <lei>549300E3IIHNPMXFHC03</lei>
        <title>Heritage Environmental Services Inc 2026 Term Loan B</title>
        <cusip>03970GAC8</cusip>
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          <isin value="US03970GAC87"/>
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        <balance>735000.00000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ASURION LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC 2026 Term Loan B14</title>
        <cusip>04649VBF6</cusip>
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          <isin value="US04649VBF67"/>
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        <balance>399000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-23</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ATHENAHEALTH GROUP INC</name>
        <lei>254900AA3KZN4Q7A5Z33</lei>
        <title>Athenahealth Group Inc 2026 Term Loan B</title>
        <cusip>04686RAF0</cusip>
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          <isin value="US04686RAF01"/>
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        <balance>311233.47000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Avolon TLB Borrower 1 (US) LLC</name>
        <lei>635400O84AGITYFZQB55</lei>
        <title>Avolon TLB Borrower 1 (US) LLC 2023 Term Loan B6</title>
        <cusip>05400KAJ9</cusip>
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          <isin value="US05400KAJ97"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods Inc 2024 Term Loan B</title>
        <cusip>05508TAV4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BCPE Empire Holdings Inc</name>
        <lei>549300O2G0VI2955B626</lei>
        <title>BCPE Empire Holdings Inc 2025 Term Loan B</title>
        <cusip>05550HAQ8</cusip>
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        <balance>496221.65000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BCPE EMPIRE HOLDINGS INC</name>
        <lei>549300O2G0VI2955B626</lei>
        <title>BCPE Empire Holdings Inc 2026 10th Amendment Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BCPE North Star US HoldCo 2, Inc.</name>
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        <title>BCPE North Star US HoldCo 2 Inc Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BW Gas &amp; Convenience Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boxer Parent Company Inc</name>
        <lei>5493006T045HLTF7YX04</lei>
        <title>Boxer Parent Company Inc 2025 USD Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Barracuda Networks Inc</name>
        <lei>549300CXGRZWNMPU8080</lei>
        <title>Barracuda Networks Inc 2022 Term Loan</title>
        <cusip>06832FAB3</cusip>
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        <balance>847834.79000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>QXO INC</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>QXO INC 2026 TERM LOAN B</title>
        <cusip>07368RAN1</cusip>
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        <balance>614889.86000000</balance>
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        <valUSD>614582.42000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BRIGHTVIEW LANDSCAPES LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Burlington Coat Factory Warehouse Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLOTTE BUYER INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Antylia Scientific</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global Calcasieu Pass, LLC</name>
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        <name>CARROLL COUNTY ENERGY LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CELSIUS HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Charter Communications Operating LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CHEWY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chobani, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Churchill Downs Incorporated</name>
        <lei>529900FODTBQC8MIS994</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CITY FOOTBALL GROUP LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cleanova US Holdings LLC</name>
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        <title>Cleanova US Holdings LLC 2025 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CLOROX COMPANY</name>
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        <title>Clorox Co/The</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Clydesdale Acquisition Holdings Inc</name>
        <lei>254900QKSDYFR3K5YD98</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>COLOSSUS ACQUIRECO LLC</name>
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        <title>Colossus Acquireco LLC 2026 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>COMPASS POWER GENERATION LLC</name>
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        <title>Compass Power Generation LLC 2026 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Concentra Health Services Inc</name>
        <lei>984500GB84105F75DE32</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Confluent Medical Technologies, Inc</name>
        <lei>549300I0TF2DFR26JU13</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSTELLATION SOFTWARE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cotiviti Corporation</name>
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        <title>Cotiviti Corporation 2025 2nd Amendment Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Reworld Holding Corp</name>
        <lei>40XIFLS8XDQGGHGPGC04</lei>
        <title>Reworld Holding Corp Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Crescent Midstream Operating LLC</name>
        <lei>N/A</lei>
        <title>Crescent Midstream Operating LLC Term Loan B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-18</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DG Investment Intermediate Holdings 2, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DTI Holdco Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DAYFORCE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dechra Pharmaceuticals Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dermatology Intermediate Holdings III Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dermatology Intermediate Holdings III Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DUKE ENERGY CAROLINAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Engineered Machinery Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EOC Borrower LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Citibank NA</name>
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        <name>ECOLAB INC</name>
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        <title>Ecolab Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Emerald Expositions Holding, Inc.</name>
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        <name>Emerald Expositions Holding, Inc.</name>
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        <name>ABU DHABI GOVT INT'L</name>
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        <name>Energizer Holdings, Inc.</name>
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        <name>Astrion Group, LLC</name>
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        <name>FOUR SEASONS HOTELS LIMITED</name>
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        <name>GUGGENHEIM PARTNERS LLC</name>
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        <name>Gates Global LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GETTY IMAGES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>GOGO Intermediate Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesys Cloud Services Holdings II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HDI Aerospace Intermediate Holding III Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Core &amp; Main LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Heartland Dental LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Herc Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilton Domestic Operating Company Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Holley Purchaser Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOLOGIC INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HONEYWELL AEROSPACE INC</name>
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        <title>Honeywell Aerospace Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hoya Midco LLC</name>
        <lei>549300LK73TSUP0YKH27</lei>
        <title>Hoya Midco LLC 2025 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ITG Communications LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITT HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INCEPTION HOLDCO SARL</name>
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        <title>Inception Holdco Sarl 2026 USD Term Loan</title>
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          <isin value="US45073SAE54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-09</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Coherent Corp</name>
        <lei>549300O5C25A0MMHHU33</lei>
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          <isin value="US45173JAT16"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Illuminate Buyer, LLC</name>
        <lei>549300K1Y0YC1YC1H809</lei>
        <title>Illuminate Buyer LLC 2025 Term Loan B</title>
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          <isin value="US45232UAH14"/>
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        <balance>618919.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MH Sub I LLC</name>
        <lei>2549005VFKP807SR8N49</lei>
        <title>MH Sub I LLC 2023 Term Loan</title>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MH Sub I LLC</name>
        <lei>2549005VFKP807SR8N49</lei>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CCRR Parent Inc</name>
        <lei>N/A</lei>
        <title>CCRR Parent Inc 2026 Term Loan</title>
        <cusip>45684SAB2</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alterra Mountain Company</name>
        <lei>549300C5O4FSVNUEI843</lei>
        <title>Alterra Mountain Company 2025 Term Loan B8</title>
        <cusip>46124CAS6</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Alterra Mountain Company</name>
        <lei>549300C5O4FSVNUEI843</lei>
        <title>Alterra Mountain Company 2025 Term Loan B9</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ION Platform Finance US Inc</name>
        <lei>213800FKHT3BRRKMCC89</lei>
        <title>ION Platform Finance US Inc USD Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRON MOUNTAIN INC</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc 2022 Term Loan A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Heritage-Crystal Clean Inc</name>
        <lei>254900KPFL42CYD2VY03</lei>
        <title>Heritage-Crystal Clean Inc Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>J&amp;J Ventures Gaming, LLC</name>
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        <title>J&amp;J Ventures Gaming LLC 2025 Repriced Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group LLC</name>
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        <title>Jane Street Group LLC 2024 Term Loan B1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jupiter Borrower Inc</name>
        <lei>N/A</lei>
        <title>Jupiter Borrower Inc Term Loan B</title>
        <cusip>48207CAB9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KELSO INDUSTRIES LLC</name>
        <lei>N/A</lei>
        <title>Kelso Industries LLC Term Loan</title>
        <cusip>48825CAB1</cusip>
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        <balance>1431503.77000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kenan Advantage Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LAVENDER DUTCH BORROWERCO BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Learning Care Group (US) No 2 Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Darktrace PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GENIUS SPORTS LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOCKHEED MARTIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LSF12 HELIX PARENT LLC</name>
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        <title>LSF12 Helix Parent LLC USD Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MIS ACQUISITION LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PMI US BIDCO INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PMI (Us) Bidco, Inc</name>
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        <name>McAfee, LLC</name>
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        <title>McAfee LLC 2024 USD 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MEDLINE BORROWER LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Men's Wearhouse, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michaels Companies, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Midcontinent Communications</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MIRION TECHNOLOGIES INC</name>
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        <title>Mirion Technologies Inc 2025 Repriced Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mission Broadcasting Inc</name>
        <lei>N/A</lei>
        <title>Mission Broadcasting Inc 2021 Term Loan B</title>
        <cusip>605024AS7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Modern Aviation FBO Holdings LLC</name>
        <lei>254900BPOBYV9PQJVF52</lei>
        <title>MODERN AVIATION FBO HOLD LLC TERM LOAN B</title>
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          <isin value="US60754SAB60"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Murphy USA Inc</name>
        <lei>N32S6DTR2ZZ5222WHV58</lei>
        <title>Murphy USA Inc Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEP Group Inc</name>
        <lei>N/A</lei>
        <title>NEP Group Inc 2025 Term Loan B</title>
        <cusip>62908HAR6</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Naked Juice LLC</name>
        <lei>549300Y5TU1XQ1KVLJ64</lei>
        <title>Naked Juice LLC 2025 FLFO Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NCR Atleos LLC</name>
        <lei>9845005FC3S0VA714741</lei>
        <title>NCR Atleos LLC 2025 Term Loan B</title>
        <cusip>63001PAG6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>NAPA Management Services Corporation</name>
        <lei>549300C5SN85QZ48R870</lei>
        <title>NAPA Management Services Corporation Term Loan B</title>
        <cusip>63035HAC3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>NORTHROP GRUMMAN CORP</name>
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        <title>Northrop Grumman Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NOURISH BUYER I INC</name>
        <lei>254900WHHUSAU0TJQB23</lei>
        <title>Nourish Buyer I Inc 2026 Repriced Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVARTIS CAPITAL CORP</name>
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        <title>Novartis Capital Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>OEG Borrower LLC</name>
        <lei>254900UUVX9EYPUMP391</lei>
        <title>OEG Borrower LLC 2024 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>1440 Food Topco LLC</name>
        <lei>25490024DAA5SE6DQ846</lei>
        <title>1440 Food Topco LLC Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>1011778 BC / NEW RED FIN</name>
        <lei>N/A</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Option Care Health Inc</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
        <title>Option Care Health Inc 2025 Term Loan B</title>
        <cusip>68404YAD6</cusip>
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        <balance>532703.58000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-22</maturityDt>
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        <name>Nuvei Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PATHFINDER POWER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PCI Gaming Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Pediatric Associates Holding Company, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENN Entertainment Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Perrigo Investments, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KFC Holding Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Planview Parent Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pluto Acquisition I Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRO MACH GROUP INC</name>
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        <name>Project Alpha Intermediate Holding, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloudera Inc</name>
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        <title>Cloudera Inc 2021 Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PUG LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quartz Acquireco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Renaissance Holding Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>REPUBLIC SERVICES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Resideo Funding Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Research Now Group Inc</name>
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        <title>Research Now Group Inc 2024 First Lien First Out Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA Senior Finance II LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SABERT CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>St George's University Scholastic Services</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MATIV HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Light and Wonder International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Secretariat Advisors LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AIR COMM CORPORATION LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SKYSHIELD US BIDCO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TTF Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOTERA HEALTH HOLDINGS LLC</name>
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        <title>Sotera Health Holdings LLC 2026 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Splat Super Holdco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BLOCK INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Station Casinos LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stonepeak Bayou Holdings LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Surf Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SWORD PURCHASER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Star Parent Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TCP Sunbelt Acquisition Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TCW Central Cash Fund</name>
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        <name>TMS International Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tempo Acquisition LLC</name>
        <lei>549300VV0B2RPMHQGA61</lei>
        <title>Tempo Acquisition LLC 2025 Repriced Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRILON GROUP LLC</name>
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        <name>TRILON GROUP LLC</name>
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        <name>TripAdvisor Inc</name>
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        <name>TKO WORLDWIDE HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US FERTILITY ENTERPRISES LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <title>Lumexa Imaging Inc 2026 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNION PACIFIC CORP</name>
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        <title>Union Pacific Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Rentals Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury</name>
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          <isin value="US91282CQX29"/>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury</name>
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          <isin value="US91282CRA17"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PG Investment Company 59 Sa rl</name>
        <lei>254900XMCCB3IEZ2A005</lei>
        <title>PG Investment Company 59 Sa rl 2025 Repriced Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>VT Topco Inc</name>
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        <title>VT Topco Inc 2024 1st Lien Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Veritiv Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Liquid Tech Solutions LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WH Borrower LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WEC US Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WALMART INC</name>
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        <title>Walmart Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Allwyn Entertainment Financing US LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Upfield BV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>INDECK NILES LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lakeland Tours LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCHROMA FINANCE SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BASF COATINGS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SUBTERRA ENERGY BORROWER LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ESCO TECHNOLOGIES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BELDEN INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inspired FinCo Holdings Limited</name>
        <lei>213800X9E8N2AXUVDM80</lei>
        <title>Inspired FinCo Holdings Limited 2026 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG4800AAJ34"/>
        </identifiers>
        <balance>154879.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154976.71000000</valUSD>
        <pctVal>0.069591364780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.57000000</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>Jazz Financing Lux Sarl</name>
        <lei>635400WUEO2NSG5OIU34</lei>
        <title>Jazz Financing Lux Sarl 2024 1st Lien Term Loan B2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG5080AAJ16"/>
        </identifiers>
        <balance>970956.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>974689.84000000</valUSD>
        <pctVal>0.437678643479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.98000000</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>Setanta Aircraft Leasing Designated Activity Company</name>
        <lei>N/A</lei>
        <title>Setanta Aircraft Leasing Designated Activity Company 2024 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG8057JAC09"/>
        </identifiers>
        <balance>420583.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>422276.05000000</valUSD>
        <pctVal>0.189620534813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.48000000</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>Virgin Media Bristol LLC</name>
        <lei>213800IQ982XX69LE276</lei>
        <title>Virgin Media Bristol LLC 2020 USD Term Loan Q</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG9368PBE34"/>
        </identifiers>
        <balance>500665.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>454176.28000000</valUSD>
        <pctVal>0.203945142314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.04000000</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>Virgin Media Bristol LLC</name>
        <lei>213800IQ982XX69LE276</lei>
        <title>Virgin Media Bristol LLC 2023 USD Term Loan Y</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG9368PBH64"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>665531.25000000</valUSD>
        <pctVal>0.298852827575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.97000000</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>Altice Financing SA</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>Altice Financing SA 2022 USD Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL0178UAM89"/>
        </identifiers>
        <balance>248071.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164223.66000000</valUSD>
        <pctVal>0.073743652376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AURIS LUXEMBOURG III SARL</name>
        <lei>N/A</lei>
        <title>AURIS LUXEMBOURG III SARL 2026 USD TERM LOAN B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL0421UAH40"/>
        </identifiers>
        <balance>723127.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>725535.77000000</valUSD>
        <pctVal>0.325797498422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.02000000</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>Camelot US Acquisition LLC</name>
        <lei>549300U6VBJHQP2SFL81</lei>
        <title>Camelot US Acquisition LLC 2024 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL2000AAF74"/>
        </identifiers>
        <balance>942050.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>881259.65000000</valUSD>
        <pctVal>0.395724375423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.48000000</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>Delta 2 (LUX) S.a.r.l.</name>
        <lei>549300BBG8Z3D6QSYP53</lei>
        <title>Delta 2 (LUX) Sarl 2024 Term Loan B1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL2465BAW62"/>
        </identifiers>
        <balance>1366666.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1368942.17000000</valUSD>
        <pctVal>0.614715294424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.48000000</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>Flutter Financing BV</name>
        <lei>635400VFWPBIKJK6GN11</lei>
        <title>Flutter Financing BV 2024 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN3313EAG51"/>
        </identifiers>
        <balance>1275395.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1266149.17000000</valUSD>
        <pctVal>0.568556712531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.48000000</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>Peer Holding III BV</name>
        <lei>7245002S0K5Q59JCVQ03</lei>
        <title>Peer Holding III BV 2025 USD Term Loan B4B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN6872NAM82"/>
        </identifiers>
        <balance>1741315.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1748062.95000000</valUSD>
        <pctVal>0.784957213335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23000000</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>PEGASUS BIDCO BV</name>
        <lei>254900U303DPAFR7MA71</lei>
        <title>Pegasus BidCo BV 2026 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN6872PAP61"/>
        </identifiers>
        <balance>833593.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>836094.55000000</valUSD>
        <pctVal>0.375443257380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.17000000</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>NOURYON FINANCE BV</name>
        <lei>549300GD4NJGLPVYB245</lei>
        <title>NOURYON FINANCE BV 2025 USD TERM LOAN B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN8232NAP23"/>
        </identifiers>
        <balance>775978.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777072.88000000</valUSD>
        <pctVal>0.348939929448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.23000000</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>Ziggo Financing Partnership</name>
        <lei>N/A</lei>
        <title>Ziggo Financing Partnership 2025 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN9833RAK58"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>455105.00000000</valUSD>
        <pctVal>0.204362178476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.91000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>TCW ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Richard Villa</ncom:signature>
      <ncom:signerName>Richard Villa</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
