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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>A&amp;D Mortgage Trust</name>
        <lei>98450000E04EA82B8915</lei>
        <title>A&amp;D Mortgage Trust 2024-NQM4</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Achieve Mortgage</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>ADIENT GLOBAL HOLDINGS</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ADVANCE AUTO PARTS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AERCAP IRELAND CAP/GLOBA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AFRICAN EXPORT-IMPORT BA</name>
        <lei>21380068LJCDYA42GJ76</lei>
        <title>African Export-Import Bank/The</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Affirm Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ajax Mortgage Loan Trust</name>
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        <title>Ajax Mortgage Loan Trust 2021-E</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Aligned Data Centers Issuers LLC</name>
        <lei>N/A</lei>
        <title>Aligned Data Centers Issuer LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE</title>
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        <fairValLevel>2</fairValLevel>
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        <title>Allianz SE</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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        <title>Athene Global Funding</title>
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          <isin value="US04685A4R91"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ATHENE GLOBAL FUNDING</name>
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        <title>Athene Global Funding</title>
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        <curCd>USD</curCd>
        <valUSD>1224000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <title>Avolon Holdings Funding Ltd</title>
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          <isin value="US05401AAP66"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>The BAHA Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays Commercial Mortgage Securities LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BBVA MEX BANCA GRUPO TX</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</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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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Trust</name>
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          <isin value="US05612AAJ51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boca Commercial Mortgage Trust</name>
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          <isin value="US05619RAC60"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>BAKER HUGHES LLC/CO-OBL</name>
        <lei>N/A</lei>
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          <isin value="US05724BAP40"/>
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        <fairValLevel>2</fairValLevel>
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        <name>BANCOLOMBIA SA</name>
        <lei>54930052NWJRPNMP1W58</lei>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
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          <isin value="US05971PAD06"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
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          <isin value="US05973KAA51"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>635400C8EK6DRI12LJ39</lei>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF MONTREAL</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank</name>
        <lei>549300664283JRAXM588</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BANQUE OUEST AFRICAINE D</name>
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        <title>Banque Ouest Africaine de Developpement</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BANQUE OUEST AFRICAINE D</name>
        <lei>529900LIZJABE4JJS826</lei>
        <title>Banque Ouest Africaine de Developpement</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BASIN ELECTRIC PWR COOP</name>
        <lei>5493002CLOJ5KYT5GB16</lei>
        <title>Basin Electric Power Cooperative</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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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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        <name>BDS Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BEACON POINT DC LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BECLE SA DE CV</name>
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        <title>Becle SAB de CV</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bankers Healthcare Group Securitization Trust</name>
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        <title>BHG Securitization Trust 2025-1CON</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Bankers Healthcare Group Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bankers Healthcare Group Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BHMS Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BLACKSTONE MORTGAGE TR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blue Bridge Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blue Bridge Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Blue Owl Asset Leasing Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bojangles Issuer, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOOZ ALLEN HAMILTON INC</name>
        <lei>549300D7XCH2480XU542</lei>
        <title>Booz Allen Hamilton 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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        <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>Credit Suisse Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Suisse Mortgage Trust</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>Carvana Auto Receivables Trust</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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        <name>CHEMOURS CO</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>CITADEL FINANCE LLC</name>
        <lei>549300BQL283NCR7P163</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cityfed Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEVELAND-CLIFFS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ClickLease Equipment Receivables 2024-1 Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CLOUD SOFTWARE GRP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cogent IPv4 LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMISION FEDERAL DE ELEC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>CyrusOne Data Centers Issuer I LLC</name>
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        <name>Morgan Stanley &amp; Co. International PLC</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>ENTERGY MISSISSIPPI LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortress Credit Realty Income Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FS Trust</name>
        <lei>N/A</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FS Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL ATLANTIC FIN CO</name>
        <lei>98450051B2E65CAA7E94</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-01</maturityDt>
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      <invstOrSec>
        <name>GUARDIAN LIFE INSURANCE</name>
        <lei>N1YIDVMMKBHFYCCAIX69</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HAVN Trust</name>
        <lei>N/A</lei>
        <title>HAVN Trust 2025-MOB</title>
        <cusip>40408XAA9</cusip>
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          <isin value="US40408XAA90"/>
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        <balance>2450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2448469.66000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HA SUSTAINABLE INF CAP</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA Sustainable Infrastructure Capital Inc</title>
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          <isin value="US40409AAB61"/>
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        <balance>1095000.00000000</balance>
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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>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280EW5</cusip>
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          <isin value="US404280EW52"/>
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        <balance>2495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2497794.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.24000000</annualizedRt>
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      <invstOrSec>
        <name>HARBOUR ENERGY FINANCE 2</name>
        <lei>213800BKOBDNCABGIG43</lei>
        <title>Harbour Energy Finance 2 PLC</title>
        <cusip>411618AD3</cusip>
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          <isin value="US411618AD32"/>
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        <balance>4730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4774083.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.33000000</annualizedRt>
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      <invstOrSec>
        <name>HARBOUR ENERGY FINANCE 2</name>
        <lei>213800BKOBDNCABGIG43</lei>
        <title>Harbour Energy Finance 2 PLC</title>
        <cusip>41166CAA5</cusip>
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          <isin value="US41166CAA53"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>951590.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HARVEST MIDSTREAM I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>Harvest Midstream I LP</title>
        <cusip>417558AB9</cusip>
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          <isin value="US417558AB90"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>715026.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>HARVEST MIDSTREAM I LP</name>
        <lei>549300DW5M17KJOXCY66</lei>
        <title>Harvest Midstream I LP</title>
        <cusip>417558AD5</cusip>
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          <isin value="US417558AD56"/>
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        <balance>3340000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>harvest commercial capital loan trust</name>
        <lei>N/A</lei>
        <title>Harvest Commercial Capital Loan Trust 2024-1</title>
        <cusip>417927AA8</cusip>
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        <balance>232652.22000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hawaii Hotel Trust</name>
        <lei>N/A</lei>
        <title>Hawaii Hotel Trust 2025-MAUI</title>
        <cusip>419909AC0</cusip>
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        <balance>3700000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Hertz Vehicle Financing LLC</name>
        <lei>549300MNOMKDMDFI8J66</lei>
        <title>Hertz Vehicle Financing III LLC</title>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>HP ENTERPRISE CO</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HILCORP ENERGY I/HILCORP</name>
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        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Hipgnosis Music Assets LP</name>
        <lei>N/A</lei>
        <title>Hipgnosis Music Assets 2022-1 LP</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Home Partners of America Trust</name>
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        <title>Home Partners of America 2021-1 Trust</title>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HUT 8 DC LLC</name>
        <lei>2549001DBTVKADI7M690</lei>
        <title>HUT 8 DC LLC</title>
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        <balance>1935000.00000000</balance>
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        <valUSD>1879252.65000000</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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        <fairValLevel>2</fairValLevel>
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        <name>IRON MOUNTAIN INFO MGMT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iskandar Enterprise LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>iShares Broad USD High Yield Corporate Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STATE OF ISRAEL</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JP Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JBHP ABS I LLC</name>
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        <name>Jack in the Box Funding, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JP Morgan Mortgage Trust</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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        <fairValLevel>2</fairValLevel>
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        <name>Mill City Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mill City Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Monroe Capital ABS Funding LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MOO Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands Inc</title>
        <cusip>651229BF2</cusip>
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          <isin value="US651229BF23"/>
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        <balance>724000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>734186.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.38000000</annualizedRt>
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      <invstOrSec>
        <name>NEWS CORP</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>News Corp</title>
        <cusip>65249BAA7</cusip>
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          <isin value="US65249BAA70"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>628036.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NextGear Floorplan Master Owner Trust</name>
        <lei>N/A</lei>
        <title>NextGear Floorplan Master Owner Trust</title>
        <cusip>65341KCC8</cusip>
        <identifiers>
          <isin value="US65341KCC80"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3593192.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.42000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIAGARA MOHAWK POWER</name>
        <lei>3T97Y9RR5EN5Y18QHB56</lei>
        <title>Niagara Mohawk Power Corp</title>
        <cusip>653522DV1</cusip>
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          <isin value="US653522DV13"/>
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        <balance>4470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4257809.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTHWESTERN MUTUAL LIFE</name>
        <lei>1DU7IM20QESYGDO4HO54</lei>
        <title>Northwestern Mutual Life Insurance Co/The</title>
        <cusip>668138AG5</cusip>
        <identifiers>
          <isin value="US668138AG50"/>
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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1440188.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oak Street Investment Grade Net Lease Fund</name>
        <lei>N/A</lei>
        <title>Oak Street Investment Grade Net Lease Fund Series 2021-1</title>
        <cusip>67190AAC0</cusip>
        <identifiers>
          <isin value="US67190AAC09"/>
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        <balance>247812.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150442.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>1345 Trust</name>
        <lei>N/A</lei>
        <title>1345T 2025-AOA</title>
        <cusip>68271CAA0</cusip>
        <identifiers>
          <isin value="US68271CAA09"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2003957.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.24000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oportun Funding LLC</name>
        <lei>N/A</lei>
        <title>Oportun Issuance Trust 2025-C</title>
        <cusip>68378RAB7</cusip>
        <identifiers>
          <isin value="US68378RAB78"/>
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        <balance>5486000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5442453.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.93000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OUTFRONT MEDIA CAP LLC/C</name>
        <lei>N/A</lei>
        <title>Outfront Media Capital LLC / Outfront Media Capital Corp</title>
        <cusip>69007TAC8</cusip>
        <identifiers>
          <isin value="US69007TAC80"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>324702.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.63000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EquipmentShare</name>
        <lei>N/A</lei>
        <title>OWN Equipment Fund II LLC</title>
        <cusip>690912AA8</cusip>
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          <isin value="US690912AA86"/>
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        <balance>2496800.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2455613.94000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.48000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLUE OWL CAPITAL CORP</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Blue Owl Capital Corp</title>
        <cusip>69121KAH7</cusip>
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          <isin value="US69121KAH77"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2496900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EquipmentShare</name>
        <lei>N/A</lei>
        <title>OWN Equipment Fund I LLC</title>
        <cusip>69121NAA6</cusip>
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          <isin value="US69121NAA63"/>
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        <balance>2477705.14000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2455491.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Oxford Finance Credit Fund III LP</name>
        <lei>N/A</lei>
        <title>Oxford Finance Credit Fund III 2024-A LP</title>
        <cusip>69145DAA0</cusip>
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          <isin value="US69145DAA00"/>
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        <balance>211406.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212419.65000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.68000000</annualizedRt>
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      <invstOrSec>
        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp</title>
        <cusip>69331CAM0</cusip>
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          <isin value="US69331CAM01"/>
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        <balance>3630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3648440.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.38000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PFS Financing Corp.</name>
        <lei>N/A</lei>
        <title>PFS Financing Corp</title>
        <cusip>69335PFE0</cusip>
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          <isin value="US69335PFE07"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>PRA GROUP INC</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRA Group Inc</title>
        <cusip>69354NAD8</cusip>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>893683.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRKCM Trust</name>
        <lei>N/A</lei>
        <title>PRKCM 2022-AFC1 Trust</title>
        <cusip>69377CAA1</cusip>
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          <isin value="US69377CAA18"/>
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        <balance>1137416.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1123848.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PFDR Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>PACIFICORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pagaya AI Debt Selection Trust</name>
        <lei>254900ULYEY0HX0PKA54</lei>
        <title>Pagaya AI Debt Trust 2025-4</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Panama Government International Bonds</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Panama Government International Bonds</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-29</maturityDt>
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        <name>PERRIGO FINANCE UNLIMITE</name>
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        <title>Perrigo Finance Unlimited Co</title>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PETSMART LLC/PETSMART FI</name>
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        <title>PetSmart LLC / PetSmart Finance Corp</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
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        <name>PIEDMONT OPERATING PARTN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PINNACLE FINANCIAL PARTN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRAIRIE ACQUIROR LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRAIRIE ECI ACQUIROR LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PROLOGIS TARGETED US</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Prosper Credit Card Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PROVINCE OF SANTA FE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC SERVICE COLORADO</name>
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        <title>Public Service Co of Colorado</title>
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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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        <name>State Street SPDR Portfolio High Yield Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SV RNO PROPERTY OWNER 1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SWCH Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sabey Data Center Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saluda Grade Alternative Mortgage Trust</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>SEMPRA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SENSATA TECHNOLOGIES INC</name>
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        <name>ServiceMaster Brands</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>SUBWAY FUNDING LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-30</maturityDt>
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      <invstOrSec>
        <name>Switch ABS Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Switch ABS Issuer LLC</title>
        <cusip>871044AE3</cusip>
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          <isin value="US871044AE30"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Switch ABS Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Switch ABS Issuer LLC</title>
        <cusip>871044AU7</cusip>
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          <isin value="US871044AU71"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-25</maturityDt>
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      <invstOrSec>
        <name>Taco Bell Funding, LLC</name>
        <lei>N/A</lei>
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          <isin value="US87342RAJ32"/>
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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>2051-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TALLGRASS NRG PRTNR/FIN</name>
        <lei>N/A</lei>
        <title>Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp</title>
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          <isin value="US87470LAJ08"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TELUS Corp</title>
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          <isin value="US87971MCM38"/>
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        <balance>1995000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TELUS Corp</title>
        <cusip>87971MCR2</cusip>
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          <isin value="US87971MCR25"/>
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        <balance>1920000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TERRAFORM POWER OPERATIN</name>
        <lei>5493000S2OLR3UT5BE13</lei>
        <title>TerraForm Power Operating LLC</title>
        <cusip>88104LAG8</cusip>
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          <isin value="US88104LAG86"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187279.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TierPoint Issuer LLC</name>
        <lei>N/A</lei>
        <title>TierPoint Issuer LLC</title>
        <cusip>88651CAE0</cusip>
        <identifiers>
          <isin value="US88651CAE03"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3968321.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TIME WARNER CABLE LLC</name>
        <lei>549300U5NFR7S6E3GM41</lei>
        <title>Time Warner Cable LLC</title>
        <cusip>88732JBB3</cusip>
        <identifiers>
          <isin value="US88732JBB35"/>
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        <balance>935000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490010CSYSAQU59J50</lei>
        <title>Towd Point Mortgage Trust 2019-HY3</title>
        <cusip>89177XAC1</cusip>
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          <isin value="US89177XAC11"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-10-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490010CSYSAQU59J50</lei>
        <title>Towd Point Mortgage Trust 2020-4</title>
        <cusip>89179JAB2</cusip>
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          <isin value="US89179JAB26"/>
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        <balance>350000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-10-25</maturityDt>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490010CSYSAQU59J50</lei>
        <title>Towd Point Mortgage Trust 2024-CES1</title>
        <cusip>89183CAC9</cusip>
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          <isin value="US89183CAC91"/>
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        <balance>1370000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490034D0KGIZRC3Y05</lei>
        <title>Towd Point Mortgage Trust 2026-FIX2</title>
        <cusip>89183VCG6</cusip>
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        <balance>1076413.74000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.31000000</annualizedRt>
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      <invstOrSec>
        <name>TRANSATLANTIC HOLDINGS</name>
        <lei>RN37QJVS1BV19MNIC295</lei>
        <title>Transatlantic Holdings Inc</title>
        <cusip>893521AB0</cusip>
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          <isin value="US893521AB05"/>
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        <balance>378000.00000000</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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          <couponKind>Fixed</couponKind>
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        <name>TRINIDAD &amp; TOBAGO</name>
        <lei>N/A</lei>
        <title>Trinidad &amp; Tobago Government International Bond</title>
        <cusip>896292AN9</cusip>
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          <isin value="US896292AN92"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2536700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRIVIUM PACKAGING FIN</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>Trivium Packaging Finance BV</title>
        <cusip>89686QAD8</cusip>
        <identifiers>
          <isin value="US89686QAD88"/>
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        <balance>910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>963771.90000000</valUSD>
        <pctVal>0.077193918210</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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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>Vanguard Short-Term Corporate Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Vanguard Intermediate-Term Corporate Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VENTURE GLOBAL CALCASIEU</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
        <lei>213800278TKDEXPH6140</lei>
        <title>Verus Securitization Trust 2021-R3</title>
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        <fairValLevel>2</fairValLevel>
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        <lei>213800278TKDEXPH6140</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
        <lei>213800WNY873LW1L3M73</lei>
        <title>Verus Securitization Trust 2024-4</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Verus Securitization Trust</name>
        <lei>213800LFRCPWSTP6LX39</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Visio Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>VORNADO REALTY LP</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>Westlake Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KBC GROUP NV</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>RCI BANQUE SA</name>
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        <name>IBERDROLA FINANZAS SAU</name>
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        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 2YR NOTE (CBT) DEC26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG02188HQT2"/>
        </identifiers>
        <balance>1546.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-826290.17000000</valUSD>
        <pctVal>-0.06618223233</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Board of Trade</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CBOT 2 Year U.S. Treasury Notes Futures</indexName>
                <indexIdentifier>TUZ6 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-12-31</expDate>
            <notionalAmt>318118635.47000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-826290.17000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 5YR NOTE (CBT) DEC26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG02188HT52"/>
        </identifiers>
        <balance>978.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-588327.64000000</valUSD>
        <pctVal>-0.04712247340</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Board of Trade</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CBOT 5 Year U.S. Treasury Notes</indexName>
                <indexIdentifier>FVZ6 Comdty</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-12-31</expDate>
            <notionalAmt>103965983.89000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-588327.64000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ModivCare Buyer LLC</name>
        <lei>254900MKEPTFAS1J2168</lei>
        <title>ModivCare Buyer LLC Takeback Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX280795"/>
        </identifiers>
        <balance>167753.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141752.00000000</valUSD>
        <pctVal>0.011353715847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.73000000</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>Transurban Finance Co. Pty. Ltd.</name>
        <lei>54930081LPJMUMEA6E57</lei>
        <title>Transurban Finance Co. Pty. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2614623978"/>
        </identifiers>
        <balance>363000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86091900"/>
        <valUSD>426520.86000000</valUSD>
        <pctVal>0.034162457301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.23000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.K. Gilts</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>U.K. Gilts</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BSQNRC93"/>
        </identifiers>
        <balance>6765000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73800700"/>
        <valUSD>9162437.71000000</valUSD>
        <pctVal>0.733871227406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.38000000</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>U.K. Gilts</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>U.K. Gilts</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BSQNRD01"/>
        </identifiers>
        <balance>4466000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73800700"/>
        <valUSD>6015858.32000000</valUSD>
        <pctVal>0.481843966522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.38000000</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>2026-09-15</ncom:dateSigned>
      <ncom:nameOfApplicant>ALLSPRING FUNDS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Jeremy DePalma</ncom:signature>
      <ncom:signerName>Jeremy DePalma</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
