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        <name>Advance Auto Parts, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VoltaGrid LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Allison Transmission, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Starz Capital Holdings 1, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AAdvantage Loyality IP Ltd. (American Airlines, Inc.)</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Holdings, Inc.</name>
        <lei>98450079DA0B78DD6764</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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        <name>Navient Corp.</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>APLD ComputeCo LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Endo Finance Holdings L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sensata Technologies, Inc.</name>
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        <name>Navient Corp.</name>
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        <name>Neptune Bidco US Inc.</name>
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        <name>WULF Compute LLC</name>
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        <name>CoreWeave Compute Acquisition Co. VIII, LLC</name>
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        <assetCat>LON</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <name>Bath &amp; Body Works, Inc.</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>Bath &amp; Body Works, Inc.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fiesta Purchaser, Inc.</name>
        <lei>N/A</lei>
        <title>Fiesta Purchaser, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sinclair Television Group, Inc.</name>
        <lei>549300CQGEN0CH65UD62</lei>
        <title>Sinclair Television Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Studio City Finance Ltd.</name>
        <lei>254900D6R731QAUIG324</lei>
        <title>Studio City Finance Ltd.</title>
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        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Invesco Premier U.S. Government Money Portfolio</name>
        <lei>549300TCMEM5428K3T88</lei>
        <title>Invesco Premier U.S. Government Money Portfolio, Institutional Class</title>
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          <isin value="US00142W8432"/>
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        <issuerCat>RF</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Rocket Cos., Inc.</title>
        <cusip>77311WAA9</cusip>
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          <isin value="US77311WAA99"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PBF Holding Co. LLC / PBF Finance Corp.</name>
        <lei>N/A</lei>
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        <cusip>69318FAM0</cusip>
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          <isin value="US69318FAM05"/>
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        <balance>59000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Summit Midstream Holdings, LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Carrix Holdings, LLC</name>
        <lei>EC2837NM50M2I72ZCF05</lei>
        <title>Carrix Holdings, LLC, Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
        <lei>N/A</lei>
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        <cusip>1248EPCT8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Caturus Energy, LLC</name>
        <lei>254900LM244SIFQ1QY31</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group, LLC</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group, LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ION Platform Finance US Inc / ION Platform Finance S.a.r.l.</name>
        <lei>6488IU1F9M51Z3P60R77</lei>
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        <cusip>46206AAD4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Discovery Global Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Discovery Global Holdings, Inc.</title>
        <cusip>254948AQ5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR Energy, Inc.</title>
        <cusip>12662PAJ7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Jane Street Group / JSG Finance Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture Global LNG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Univision Communications Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RD Michigan Property Owner I LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-30</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Advance Auto Parts, Inc.</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>Advance Auto Parts, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM</title>
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        <curCd>USD</curCd>
        <valUSD>48773.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Directv Financing, LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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        <name>EnerSys</name>
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        <title>EnerSys</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global L.P./ Clarios US Finance Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caturus Energy, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carrix Holdings, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NESCO Holdings II, Inc.</name>
        <lei>254900FAHT0HW9T6L409</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Osaic Holdings, Inc.</name>
        <lei>549300XL60BDV6UW5C86</lei>
        <title>Osaic Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cipher Compute LLC</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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        <name>Comstock Resources, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Versant Media Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave Compute Acquisition Co. VIII, LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Clarivate Science Holdings Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Michaels Cos., Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
        <title>Rocket Cos., Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Brundage-Bone Concrete Pumping Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>EnPro Inc.</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>EnPro Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Marriott Ownership Resorts, Inc.</name>
        <lei>BW4532OH033VURR0IT68</lei>
        <title>Marriott Ownership Resorts, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Gray Media, Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Crescent Energy Co.</name>
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              <title>Crescent Energy Co.</title>
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        <name>Veritiv Operating Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors, Inc.</title>
        <cusip>536797AF0</cusip>
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        <balance>73000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Uniti Services LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Walker &amp; Dunlop, Inc.</name>
        <lei>N/A</lei>
        <title>Walker &amp; Dunlop, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.62500000</annualizedRt>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <balance>23000.00000000</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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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Nissan Motor Acceptance Corp.</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>Nissan Motor Acceptance Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-30</maturityDt>
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        <name>Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>Wayfair LLC</name>
        <lei>549300CTUWTZGOXMYI40</lei>
        <title>Wayfair LLC</title>
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        <balance>126000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Magnera Corp.</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>Magnera Corp.</title>
        <cusip>55939AAA5</cusip>
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          <isin value="US55939AAA51"/>
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        <balance>33000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32320.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34406.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>Bread Financial Holdings, Inc.</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Bread Financial Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Yondr JK 1, LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>Clydesdale Acquisition Holdings, Inc.</title>
        <cusip>18972EAD7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>Whirlpool Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>Freedom Mortgage Holdings LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CVR Energy, Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR Energy, Inc.</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>Iron Mountain Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whirlpool Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Excelerate Energy L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Provident Funding Associates L.P./ PFG Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FS KKR Capital Corp.</name>
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        <title>FS KKR Capital Corp.</title>
        <cusip>302635AP2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
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        <cusip>02406MAU1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Coeur Mining, Inc.</name>
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        <title>Coeur Mining, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PHINIA Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northriver Midstream Finance L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nationstar Mortgage Holdings LLC</name>
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        <name>APLD ComputeCo 2 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
        <lei>984500511DP2B6186053</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greystar Real Estate Partners, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO Holdings, LLC/CCO Holdings Capital Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GFL Environmental Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CROWN Americas LLC</name>
        <lei>RPPGGRL1J75WGF2DFO04</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DaVita Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita Inc.</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DaVita Inc.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DaVita Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PR RNO Property Owner 1, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Tidewater Inc.</name>
        <lei>2549000JA5GRUPLMUH98</lei>
        <title>Tidewater Inc.</title>
        <cusip>88642RAE9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Oceaneering International, Inc.</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>Oceaneering International, Inc.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Jane Street Group / JSG Finance Inc.</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group / JSG Finance Inc.</title>
        <cusip>47077WAA6</cusip>
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        <balance>65000.00000000</balance>
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        <valUSD>63106.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMRLD Borrower L.P./ Emerald Co-Issuer Inc.</name>
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        <curCd>USD</curCd>
        <valUSD>102782.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Core &amp; Main L.P.</name>
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          <isin value="US21867FAC86"/>
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        <curCd>USD</curCd>
        <valUSD>23887.99000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Airlines 2026-1 Class B Pass Through Trust</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
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        <curCd>USD</curCd>
        <valUSD>24619.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-10</maturityDt>
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      <invstOrSec>
        <name>Global Aircraft Leasing Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Global Aircraft Leasing Co., Ltd.</title>
        <cusip>37960JAC2</cusip>
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          <isin value="US37960JAC27"/>
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        <balance>184000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187160.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Directv Financing LLC / Directv Financing Co-Obligor Inc.</name>
        <lei>N/A</lei>
        <title>Directv Financing LLC / Directv Financing Co-Obligor Inc.</title>
        <cusip>25461LAD4</cusip>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62753.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAE1</cusip>
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          <isin value="US92332YAE14"/>
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        <balance>63000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64032.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
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        <cusip>N/A</cusip>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>Forvia SE</title>
        <cusip>31209DAA3</cusip>
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          <isin value="US31209DAA37"/>
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        <balance>32000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33651.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco L.P.</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>Sunoco L.P.</title>
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          <isin value="US86765KAF66"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24689.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp. /Six Flags Theme Parks Inc./ Canada's Wonderland Co.</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>Six Flags Entertainment Corp. /Six Flags Theme Parks Inc./ Canada's Wonderland Co.</title>
        <cusip>83002YAA7</cusip>
        <identifiers>
          <isin value="US83002YAA73"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31262.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
        <cusip>146869AM4</cusip>
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          <isin value="US146869AM47"/>
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        <balance>87660.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96484.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>Meridian Arc Holdco LLC</name>
        <lei>N/A</lei>
        <title>Meridian Arc Holdco LLC</title>
        <cusip>58990CAA1</cusip>
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          <isin value="US58990CAA18"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62517.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>MPT Operating Partnership L.P./ MPT Finance Corp.</name>
        <lei>N/A</lei>
        <title>MPT Operating Partnership L.P./ MPT Finance Corp.</title>
        <cusip>55342UAQ7</cusip>
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          <isin value="US55342UAQ76"/>
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        <balance>11000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11186.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>FTAI Aviation Investors LLC</name>
        <lei>529900E7PUVK6BC8PE80</lei>
        <title>FTAI Aviation Investors LLC</title>
        <cusip>34960PAF8</cusip>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63777.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Global Partners L.P./ GLP Finance Corp.</name>
        <lei>549300PCHWTW9P4DU444</lei>
        <title>Global Partners L.P./ GLP Finance Corp.</title>
        <cusip>37954FAL8</cusip>
        <identifiers>
          <isin value="US37954FAL85"/>
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        <balance>57000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57762.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
        <cusip>18453HAG1</cusip>
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          <isin value="US18453HAG11"/>
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        <balance>31000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31994.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAB7</cusip>
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          <isin value="US92332YAB74"/>
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        <balance>140000.00000000</balance>
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        <valUSD>144803.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ELK Grove Village Property LLC</name>
        <lei>254900LQ6GXC66JXL664</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arches Buyer Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Core Scientific Finance I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>S &amp; S Holdings, L.L.C.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allison Transmission, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Phoenix Aviation Capital Ltd.</name>
        <lei>8945008YQAKXZQ3VYJ15</lei>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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        <name>Flex Acquisition Co., Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>Flex Acquisition Co., Inc., Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Discovery Global Holdings, Inc.</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Discovery Global Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>EZCORP, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prairie Acquiror L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genesis Energy L.P./ Genesis Energy Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Petroleos Mexicanos</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saks Global Enterprises LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Newell Brands Inc.</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Petco Health and Wellness Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Icahn Enterprises L.P.</name>
        <lei>549300T0G4GS0SINS786</lei>
        <title>Icahn Enterprises L.P.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>1261229 B.C. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FMC Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TrueNoord Capital DAC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Danaos Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ESAB Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Transocean International Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Media Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Airlines Inc./AAdvantage Loyalty IP Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VMED 02 UK Financing I PLC</name>
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        <name>OneMain Finance Corp.</name>
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        <name>VOC Escrow Ltd.</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Nationstar Mortgage Holdings LLC</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
        <lei>254900QKSDYFR3K5YD98</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunoco L.P. and Sunoco Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ball Corp.</name>
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          <isin value="US058498AW66"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Asurion LLC/ Asurion Co-Issuer Inc.</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-31</maturityDt>
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        <name>Brink's Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Melco Resorts Finance Ltd.</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Carriage Services, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saturn Oil &amp; Gas Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CoreWeave, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APLD ComputeCo 3 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Actively Managed Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
