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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERITEX HOLDCO INTERMED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMNEAL PHARMACEUTICALS L</name>
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        <fairValLevel>2</fairValLevel>
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        <name>APLD COMPUTECO 2 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCHES BUYER INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ARDAGH METAL PACKAGING</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARDAGH GROUP SA</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ARSENAL AIC PARENT 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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        <title>Azorra Finance Ltd</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BLACK PEARL COMPUTE 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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CCO HLDGS LLC/CAP CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>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>Charter Communications Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHOBANI LLC/FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHOBANI LLC/FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIENA CORP</name>
        <lei>W0CZ7N0GH8UIGXDM1H41</lei>
        <title>Ciena Corp</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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        <fairValLevel>2</fairValLevel>
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        <name>SM ENERGY CO</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <title>Clean Harbors Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEAR CHANNEL OUTDOOR HO</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEAR CHANNEL OUTDOOR HO</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings 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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US23166MAC73"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBR LAND HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>DBR Land Holdings LLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIEBOLD NIXDORF INC</name>
        <lei>549300XZK6EWDBAZSY16</lei>
        <title>Diebold Nixdorf Inc</title>
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          <isin value="US253651AK94"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DISCOVERY HOLDINGS INC</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Discovery Global Holdings Inc</title>
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          <isin value="US254948AR31"/>
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        <balance>7564000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5275890.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMRLD Borrower LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMRLD Borrower LP Term Loan B</title>
        <cusip>26872NAC3</cusip>
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          <isin value="US26872NAC39"/>
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        <balance>10738070.70000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-31</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMRLD Borrower LP</name>
        <lei>5493000GJYE7GAQCUC61</lei>
        <title>EMRLD Borrower LP 2024 Term Loan B</title>
        <cusip>26872NAD1</cusip>
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          <isin value="US26872NAD12"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>E.W. Scripps Company (The)</name>
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        <title>EW Scripps Company (The) 2025 Term Loan B2</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Bank &amp; Trust Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ECHOSTAR CORP</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ELDORADO GOLD CORP</name>
        <lei>5493004PWQ01YDD1IH62</lei>
        <title>Eldorado Gold Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ELK GROVE VILLAGE PROPER</name>
        <lei>254900LQ6GXC66JXL664</lei>
        <title>ELK Grove Village Property LLC</title>
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        <balance>6165000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>EMRLD BOR / EMRLD CO-ISS</name>
        <lei>98450099EE3A0ZD5F786</lei>
        <title>EMRLD Borrower LP / Emerald Co-Issuer Inc</title>
        <cusip>29103CAA6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273V100</cusip>
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          <isin value="US29273V1008"/>
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        <balance>275000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29278NAR4</cusip>
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        <balance>9457000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7676123.20000000</valUSD>
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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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      <invstOrSec>
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        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL PART/GLP FINANCE</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL PART/GLP FINANCE</name>
        <lei>N/A</lei>
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          <isin value="US37954FAL85"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL MEDICAL RESPONSE</name>
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        <title>Global Medical Response Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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      <invstOrSec>
        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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      <invstOrSec>
        <name>GREYSTAR REAL ESTATE PAR</name>
        <lei>254900HGC806SXAS4M46</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GROUP 1 AUTOMOTIVE INC</name>
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        <title>Group 1 Automotive 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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        <name>GROUP 1 AUTOMOTIVE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Spectacle Gary Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HEALTHEQUITY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300TP80QLITMSBP82</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ESC 144A HERTZ CORP</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>ESC 144A HERTZ CORP</title>
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        <fairValLevel>3</fairValLevel>
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        <name>HIGHTOWER HOLDING LLC</name>
        <lei>254900MKOSB7RTMA9K12</lei>
        <title>Hightower Holding LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HUDBAY MINERALS INC</name>
        <lei>894500LX3TMESP27BE29</lei>
        <title>Hudbay Minerals Inc</title>
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          <isin value="US443628AH54"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>IHO VERWALTUNGS GMBH</name>
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        <title>IHO Verwaltungs GmbH</title>
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          <isin value="US44963BAJ70"/>
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        <curCd>USD</curCd>
        <valUSD>2520553.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>Iliad Holding SAS</title>
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          <isin value="US449691AF14"/>
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        <curCd>USD</curCd>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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      <invstOrSec>
        <name>ILIAD HOLDING SAS</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>INEOS FINANCE PLC</name>
        <lei>2138002D68XDR4LZCG32</lei>
        <title>INEOS Finance PLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INGRAM MICRO INC</name>
        <lei>549300KJMEWPKRQZHX63</lei>
        <title>Ingram Micro 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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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CRESCENT ENERGY FINANCE</name>
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        <title>Crescent Energy Finance LLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>INGLES MARKETS INC</name>
        <lei>549300XH5RYBMYP8TF26</lei>
        <title>Ingles Markets Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>INSIGHT ENTERPRS</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BRIGHTSTAR LOTTERY PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
        <title>Brightstar Lottery PLC</title>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>IQVIA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JH NORTH AMERICA HOLDING</name>
        <lei>254900A6FXA0D81TL967</lei>
        <title>JH North America Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JH NORTH AMERICA HOLDING</name>
        <lei>254900A6FXA0D81TL967</lei>
        <title>JH North America Holdings Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JB POINDEXTER &amp; CO INC</name>
        <lei>549300W6P81HOZZGPQ16</lei>
        <title>JB Poindexter &amp; Co 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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        <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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      <invstOrSec>
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        <lei>N/A</lei>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OUTFRONT MEDIA CAP LLC/C</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>P&amp;L DEV LLC/PLD FIN CORP</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.00000000</annualizedRt>
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      <invstOrSec>
        <name>CRC INSURANCE GROUP LLC</name>
        <lei>N/A</lei>
        <title>CRC Insurance Group LLC</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>Park River Holdings Inc</name>
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        <assetCat>LON</assetCat>
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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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        <title>Patrick Industries Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PATRICK INDUSTRIES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PATTERN ENERGY OP LP/PAT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PELOTON INTERACTIVE INC</name>
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        <title>Peloton Interactive Inc 2024 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Peninsula Pacific Entertainment LLC</name>
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        <title>Peninsula Pacific Entertainment LLC 2025 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PERFORMANCE FOOD GROUP I</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>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>Signal Parent Inc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SINCLAIR TELEVISION GROU</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SONIC AUTOMOTIVE INC</name>
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        <title>Sonic Automotive Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Specialty Building Products Holdings LLC</name>
        <lei>549300ICFD46O3KMJC06</lei>
        <title>Specialty Building Products Holdings LLC 2021 Term Loan B</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>SPECIALTY BUILDING PRODU</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPEEDWAY MOT/SPEEDWAY FD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BLOCK INC</name>
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        <title>Block Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SMYRNA READY MIX CONCRET</name>
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        <title>Smyrna Ready Mix Concrete LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>STANDARD BUILDING SOLUTI</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>54930064UHXCIUWVI755</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>STANDARD INDUSTRI INC/NY</name>
        <lei>54930064UHXCIUWVI755</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>STINGRAY COMPUTE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STONEBRIAR ABF LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>STONEPEAK NILE PARENT</name>
        <lei>254900TJV3VAFZD0GU41</lei>
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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>SUNOCO LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUPERIOR PLUS/GEN PRTNR</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>SURGERY CENTER HOLDINGS</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>SYNERGY INFRASTRUCTURE H</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TKC HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TMS INTERNATIONAL CORP</name>
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        <name>TALEN ENERGY SUPPLY LLC</name>
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        <title>Talen Energy Supply LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TEAM HEALTH HOLDINGS INC</name>
        <lei>549300PVTQ4UDTTMQT11</lei>
        <title>Team Health Holdings 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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <cusip>98379YAA0</cusip>
        <identifiers>
          <isin value="US98379YAA01"/>
        </identifiers>
        <balance>8605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9016284.58000000</valUSD>
        <pctVal>0.228290110429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>XPLR INFRAST OPERATING</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XPLR Infrastructure Operating Partners LP</title>
        <cusip>98380MAA3</cusip>
        <identifiers>
          <isin value="US98380MAA36"/>
        </identifiers>
        <balance>8987000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9556029.88000000</valUSD>
        <pctVal>0.241956328820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>XPLR INFRAST OPERATING</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XPLR Infrastructure Operating Partners LP</title>
        <cusip>98380MAB1</cusip>
        <identifiers>
          <isin value="US98380MAB19"/>
        </identifiers>
        <balance>5628000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6016022.46000000</valUSD>
        <pctVal>0.152324210660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</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>YUM! BRANDS INC</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>Yum! Brands Inc</title>
        <cusip>988498AN1</cusip>
        <identifiers>
          <isin value="US988498AN16"/>
        </identifiers>
        <balance>12005000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11086527.46000000</valUSD>
        <pctVal>0.280708151530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>3.62500000</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>ZSCALER INC.</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>Zscaler Inc</title>
        <cusip>98980GAD4</cusip>
        <identifiers>
          <isin value="US98980GAD43"/>
        </identifiers>
        <balance>11280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10487949.08000000</valUSD>
        <pctVal>0.265552294008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Zscaler, Inc.</name>
              <title>Zscaler, Inc.</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="98980G102"/>
                <isin value="US98980G1022"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="2.27520000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENNOVA THERAPEUTICS.</name>
        <lei>549300LMDE3RUP8Z3L60</lei>
        <title>KENNOVA THERAPEUTICS.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AANVX3"/>
        </identifiers>
        <balance>2829.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>278028.46000000</valUSD>
        <pctVal>0.007039612300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAR HEALTH, INC. PVE</name>
        <lei>N/A</lei>
        <title>PAR HEALTH, INC. PVE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABLNB3"/>
        </identifiers>
        <balance>2829.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17983.95000000</valUSD>
        <pctVal>0.000455349195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QXO INC</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>QXO INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ADFXF4"/>
        </identifiers>
        <balance>3139.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22517838.43000000</valUSD>
        <pctVal>0.570146136827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Generation Gas Gathering LLC</name>
        <lei>N/A</lei>
        <title>New Generation Gas Gathering LLC Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0008NQ7"/>
        </identifiers>
        <balance>23506756.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22962269.74000000</valUSD>
        <pctVal>0.581399028408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.07300000</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>ABC Technologies Inc</name>
        <lei>5493001F3JRVFSNAPG47</lei>
        <title>ABC Technologies Inc 2025 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX260938"/>
        </identifiers>
        <balance>40590623.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39742279.12000000</valUSD>
        <pctVal>1.006264743369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.98200000</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>WORTHINGTON STEEL INC</name>
        <lei>2549009ZUUWL3QLK6G24</lei>
        <title>Worthington Steel Inc Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX291014"/>
        </identifiers>
        <balance>6725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6759465.63000000</valUSD>
        <pctVal>0.171148009074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.73100000</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>Bausch Health Companies Inc</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Companies Inc 2025 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAC6903HAB06"/>
        </identifiers>
        <balance>29122574.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28328256.23000000</valUSD>
        <pctVal>0.717264488010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.98100000</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>Clarios Global LP</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>Clarios Global LP 2024 USD Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAC8000CAM55"/>
        </identifiers>
        <balance>8962774.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8994144.30000000</valUSD>
        <pctVal>0.227729523979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23100000</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>INEOS FINANCE PLC</name>
        <lei>5493008MHJ4R367SNK31</lei>
        <title>INEOS FINANCE PLC 2026 USD TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG4768PAU57"/>
        </identifiers>
        <balance>6870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6389100.00000000</valUSD>
        <pctVal>0.161770442315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>2026-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Eaton Vance Series Trust II</ncom:nameOfApplicant>
      <ncom:signature>James Kirchner</ncom:signature>
      <ncom:signerName>James Kirchner</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
