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      <regStreet1>METROPOLITAN WEST ASSET MANAGEMENT</regStreet1>
      <regStreet2>865 S. FIGUEROA STREET, SUITE 2100</regStreet2>
      <regCity>LOS ANGELES</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>90017</regZipOrPostalCode>
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      <seriesName>TCW METWEST LOW DURATION BOND FUND</seriesName>
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      <repPdEnd>2026-03-31</repPdEnd>
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      <isFinalFiling>N</isFinalFiling>
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      </invstOrSec>
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        <name>JPMorgan Chase Bank NA</name>
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                    <descOthUnits>Notional Amount</descOthUnits>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Residential Accredit Loans, Inc.</name>
        <lei>N/A</lei>
        <title>RALI Series 2005-QA3 Trust</title>
        <cusip>76110H2H1</cusip>
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          <isin value="US76110H2H19"/>
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        <balance>812310.91000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.66000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06051GGL7</cusip>
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          <isin value="US06051GGL77"/>
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        <balance>944000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>937882.88000000</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>2028-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.71000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31419ACV7</cusip>
        <identifiers>
          <isin value="US31419ACV70"/>
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        <balance>328927.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>347254.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fremont Home Loan Trust</name>
        <lei>N/A</lei>
        <title>Fremont Home Loan Trust 2005-E</title>
        <cusip>35729PNC0</cusip>
        <identifiers>
          <isin value="US35729PNC04"/>
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        <balance>3473035.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3365456.70000000</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>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.93000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>549300BH0PFEW6WVTN52</lei>
        <title>Dryden 40 Senior Loan Fund</title>
        <cusip>26244GAS4</cusip>
        <identifiers>
          <isin value="US26244GAS49"/>
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        <balance>2198962.28000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2200569.72000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0424A8</cusip>
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          <isin value="US01F0424A83"/>
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        <balance>30175000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS CORP</name>
        <lei>N/A</lei>
        <title>Frontier Communications Corp 2025 Term Loan B</title>
        <cusip>35906EAU4</cusip>
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          <isin value="US35906EAU47"/>
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        <balance>31427.50000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CONSTELLATION BRANDS INC</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands Inc</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Trust 2007-A1</title>
        <cusip>46630GAS4</cusip>
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          <isin value="US46630GAS49"/>
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        <balance>38419.00000000</balance>
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        <valUSD>38319.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Trinity Rail Leasing L.P.</name>
        <lei>549300JQ2JIV94ZI1045</lei>
        <title>Trinity Rail Leasing 2019-1 LLC</title>
        <cusip>89657BAA2</cusip>
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        <balance>2027467.89000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.82000000</annualizedRt>
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      <invstOrSec>
        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG Inc</title>
        <cusip>92332YAD3</cusip>
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        <balance>290000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300UHUHCR3388B324</lei>
        <title>Neuberger Berman CLO XVI-S Ltd</title>
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        <balance>2250000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>HUDSON PACIFIC PROPERTIE</name>
        <lei>5493007NTUGLGZ8T3526</lei>
        <title>Hudson Pacific Properties LP</title>
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        <name>Berry Global Inc</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global Inc</title>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>ORACLE CORP</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp</title>
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        <balance>950000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Renaissance Holding Corp.</name>
        <lei>549300UKKEC0Y6TXNF09</lei>
        <title>Renaissance Holding Corp 2024 1st Lien Term Loan</title>
        <cusip>75972JAK0</cusip>
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        <balance>109438.22000000</balance>
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        <valUSD>95131.36000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Freddiemac Strip</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Strips</title>
        <cusip>3128HXMD4</cusip>
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        <balance>871360.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>868390.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.99000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ReadyCap Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ReadyCap Commercial Mortgage Trust 2019-6</title>
        <cusip>75575QAA7</cusip>
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          <isin value="US75575QAA76"/>
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        <balance>779749.30000000</balance>
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        <curCd>USD</curCd>
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        <name>DELTA AIR LINES 2020-AA</name>
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        <name>Freddie Mac</name>
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        <name>SREIT Trust</name>
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        <name>CIFC Funding Ltd</name>
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        <name>Palmer Square Loan Funding Ltd</name>
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        <name>DOMINION ENERGY INC</name>
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        <name>1011778 BC Unlimited Liability Company</name>
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        <name>BOOST NEWCO BORROWER LLC</name>
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        <title>Boost Newco Borrower LLC 2025 USD Term Loan B2</title>
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        <name>VOYAGER PARENT LLC</name>
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        <name>Arches Buyer Inc</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Residential Mortgage Loan Trust 2025-1</title>
        <cusip>617944AF0</cusip>
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          <isin value="US617944AF03"/>
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        <balance>2240206.67000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MMI CAPITAL TRUST I</name>
        <lei>N/A</lei>
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          <isin value="US553086AC35"/>
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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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      <invstOrSec>
        <name>McAfee, LLC</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>McAfee LLC 2024 USD 1st Lien Term Loan B</title>
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          <isin value="US57906HAF47"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US38373M4R81"/>
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        <balance>321260.92000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-16</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>PEER HOLDING III BV</name>
        <lei>7245002S0K5Q59JCVQ03</lei>
        <title>Peer Holding III BV 2025 USD Term Loan B5B</title>
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          <isin value="XAN6872NAN65"/>
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        <balance>124732.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125018.83000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Potomac Energy Center, LLC</name>
        <lei>549300BHYFK6M9HVNA29</lei>
        <title>Potomac Energy Center LLC 2025 Term Loan</title>
        <cusip>73767TAB2</cusip>
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          <isin value="US73767TAB26"/>
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        <balance>30546.31000000</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>
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          <maturityDt>2032-08-05</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc</title>
        <cusip>87264ABD6</cusip>
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          <isin value="US87264ABD63"/>
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        <balance>3015000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chase Mortgage Finance Corporation</name>
        <lei>N/A</lei>
        <title>Chase Mortgage Finance Trust Series 2007-A2</title>
        <cusip>16163LAF9</cusip>
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          <isin value="US16163LAF94"/>
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        <balance>321661.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320869.98000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIS NORTH AMERICA INC</name>
        <lei>5493004KVU1HWZCP0C66</lei>
        <title>Willis North America Inc</title>
        <cusip>970648AL5</cusip>
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          <isin value="US970648AL56"/>
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        <balance>2202000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2219395.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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      <invstOrSec>
        <name>SANTANDER UK GROUP HLDGS</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>Santander UK Group Holdings PLC</title>
        <cusip>80281LAQ8</cusip>
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        <balance>3007000.00000000</balance>
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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>2027-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.67000000</annualizedRt>
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      <invstOrSec>
        <name>GENERAL ELECTRIC CO</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>General Electric Co</title>
        <cusip>36962GX74</cusip>
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        <balance>2182000.00000000</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>2036-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>LXP INDUSTRIAL TRUST</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>LXP Industrial Trust</title>
        <cusip>529043AF8</cusip>
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          <isin value="US529043AF83"/>
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        <balance>3325000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WP CAREY INC</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP Carey Inc</title>
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        <balance>2220000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Capital Street Master Trust</name>
        <lei>N/A</lei>
        <title>Capital Street Master Trust</title>
        <cusip>14051LAD4</cusip>
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          <isin value="US14051LAD47"/>
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        <balance>1525000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-16</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>5493002GUQ80FGGGNP40</lei>
        <title>BlueMountain CLO XXX Ltd</title>
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          <isin value="US09630QAU58"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SCRIPPS ESCROW II INC</name>
        <lei>N/A</lei>
        <title>Scripps Escrow II Inc</title>
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          <isin value="US81105DAA37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88526.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SLM Student Loan Trust</name>
        <lei>N/A</lei>
        <title>SLM Student Loan Trust 2012-2</title>
        <cusip>78446YAA1</cusip>
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          <isin value="US78446YAA10"/>
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        <balance>1182976.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1151114.07000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.17000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MH Sub I LLC</name>
        <lei>2549005VFKP807SR8N49</lei>
        <title>MH Sub I LLC 2023 Term Loan</title>
        <cusip>45567YAN5</cusip>
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        <curCd>USD</curCd>
        <valUSD>49977.40000000</valUSD>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SLM Student Loan Trust</name>
        <lei>549300JQFJDGC1WO7674</lei>
        <title>SLM Student Loan Trust 2008-6</title>
        <cusip>78445CAD4</cusip>
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          <isin value="US78445CAD48"/>
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        <balance>663713.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>656656.99000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Sabre GLBL Inc</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL Inc 2022 1st Lien Term Loan B</title>
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          <isin value="US78571YBJ82"/>
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        <balance>16411.25000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
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          <other otherDesc="Trade Identifier" value="25GFKBBW54G"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank NA</counterpartyName>
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      <invstOrSec>
        <name>United Natural Foods Inc</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods Inc 2024 Term Loan</title>
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          <isin value="US91116KAD72"/>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>MODIVCARE INC</name>
        <lei>549300EFZIFW7F7I0Q28</lei>
        <title>Modivcare Inc 2024 Term Loan B</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36225DCE22"/>
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        <balance>82846.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84201.24000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61772BAB99"/>
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        <balance>5855000.00000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Great Wolf Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>OCTAGON INVESTMENT PARTNERS 41, LTD.</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JAZZ FINANCING LUX SARL</name>
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        <title>Jazz Financing Lux Sarl 2024 1st Lien Term Loan B2</title>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charter Communications Operating, LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Mativ Holdings Inc</name>
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        <title>Mativ Holdings Inc Delayed Draw Term Loan A</title>
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        <name>Credit Suisse First Boston Mortgage Securities</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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          <isin value="US31398FDH10"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AERCAP IRELAND CAP/GLOBA</name>
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        <title>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</title>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Century Home Equity Loan Trust</name>
        <lei>N/A</lei>
        <title>New Century Home Equity Loan Trust Series 2005-D</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>31398MDK9</cusip>
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        <name>TEVA PHARM FNC NL II</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>CROWN CASTLE INC</name>
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        <name>Chicago Board of Trade</name>
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        <name>ALPHA GENERATION LLC</name>
        <lei>254900K5V62L4YGVKF49</lei>
        <title>Alpha Generation LLC Term Loan B</title>
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          <isin value="US02072UAC62"/>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Structured Asset Securities Corporation</name>
        <lei>N/A</lei>
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          <isin value="US86362VAD47"/>
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        <name>TransDigm Inc</name>
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        <title>TransDigm Inc 2025 Term Loan M</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>X Corp.</name>
        <lei>N/A</lei>
        <title>X Corp Term Loan</title>
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          <isin value="US90184NAG34"/>
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        <balance>87218.40000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>Extended Stay America Trust</name>
        <lei>N/A</lei>
        <title>Extended Stay America Trust 2021-ESH</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>JP Morgan Mortgage Trust</name>
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        <title>JP Morgan Mortgage Trust Series 2024-4</title>
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      <invstOrSec>
        <name>IMPERIAL BRANDS FIN PLC</name>
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        <title>Imperial Brands Finance PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GLOBAL PAYMENTS INC</name>
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        <title>Global Payments Inc</title>
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        <name>United States Treasury</name>
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        <title>U.S. Treasury Notes</title>
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        <name>Cleanova US Holdings LLC</name>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
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        <title>GS Mortgage Securities Trust 2011-GC5</title>
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        <name>Ameriquest Mortgage Securities Inc.</name>
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        <title>Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Ctfs Ser 2005-R9</title>
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        <name>HEARTLAND DENTAL LLC</name>
        <lei>5493008FRC0GRKBN1075</lei>
        <title>Heartland Dental LLC 2025 Term Loan</title>
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        <name>EXTRA SPACE STORAGE LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>Extra Space Storage LP</title>
        <cusip>30225VAM9</cusip>
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        <balance>6745000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>CIM Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Nyack Park CLO, Ltd.</name>
        <lei>N/A</lei>
        <title>NYACK Park CLO Ltd</title>
        <cusip>67080PAA4</cusip>
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          <isin value="US67080PAA49"/>
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        <balance>418526.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>418547.71000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300IN02DS1MN5HW62</lei>
        <title>Neuberger Berman Loan Advisers CLO 49 Ltd</title>
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          <isin value="US64135JAL61"/>
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        <balance>7150000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
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      <invstOrSec>
        <name>X Corp.</name>
        <lei>N/A</lei>
        <title>X Corp 2025 Fixed Term Loan</title>
        <cusip>90184NAK4</cusip>
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          <isin value="US90184NAK46"/>
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        <balance>31241.32000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-26</maturityDt>
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      <invstOrSec>
        <name>NAKED JUICE LLC</name>
        <lei>549300Y5TU1XQ1KVLJ64</lei>
        <title>Naked Juice LLC 2025 FLTO Term Loan</title>
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          <isin value="US62984CAN39"/>
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        <balance>43267.73000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18100.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.10000000</annualizedRt>
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      <invstOrSec>
        <name>Dave &amp; Buster's, Inc.</name>
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        <title>Dave &amp; Buster's Inc 2024 1st Lien Term Loan B</title>
        <cusip>23833EAY0</cusip>
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          <isin value="US23833EAY05"/>
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        <balance>63510.90000000</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>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.56000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMBC AVIATION CAPITAL FI</name>
        <lei>549300OD7VKRVNWB2J98</lei>
        <title>SMBC Aviation Capital Finance DAC</title>
        <cusip>78448TAN2</cusip>
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          <isin value="US78448TAN28"/>
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        <balance>1595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1632498.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vantage Data Centers LLC</name>
        <lei>5493000RL8X7WTQ7HO20</lei>
        <title>Vantage Data Centers Issuer LLC</title>
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          <isin value="US92212KAD81"/>
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        <balance>1355000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.17000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 5YR NOTE (CBT) DEC25</title>
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          <other otherDesc="Bloomberg Identifier" value="BBG01T2J7432"/>
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        <balance>-1233.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Short</payOffProf>
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      <invstOrSec>
        <name>GLOBAL SWITCH FINANCE</name>
        <lei>635400GVJAKOJNEUMF33</lei>
        <title>Global Switch Finance BV</title>
        <cusip>000000000</cusip>
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          <isin value="XS2241825111"/>
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        <balance>485000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-07</maturityDt>
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          <annualizedRt>1.38000000</annualizedRt>
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      <invstOrSec>
        <name>Arbor Realty Collateralized Loan Obligation Ltd</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd</title>
        <cusip>03880KAA2</cusip>
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          <isin value="US03880KAA25"/>
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        <balance>543089.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>543123.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.33000000</annualizedRt>
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      <invstOrSec>
        <name>GLP CAPITAL LP / FIN II</name>
        <lei>N/A</lei>
        <title>GLP Capital LP / GLP Financing II Inc</title>
        <cusip>361841AL3</cusip>
        <identifiers>
          <isin value="US361841AL38"/>
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        <balance>2179000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36225DKP86"/>
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        <balance>3031.01000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BAYER US FINANCE LLC</name>
        <lei>54930093Q75GSEM74I71</lei>
        <title>Bayer US Finance LLC</title>
        <cusip>07274EAJ2</cusip>
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        <balance>6230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6550595.80000000</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>2029-01-21</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Specialty Underwriting &amp; Residential Finance</name>
        <lei>N/A</lei>
        <title>Specialty Underwriting &amp; Residential Finance Trust Series 2005-BC2</title>
        <cusip>84751PFW4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-25</maturityDt>
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      <invstOrSec>
        <name>GLP CAPITAL LP / FIN II</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WAMU Mortgage Pass-Through Certificates</name>
        <lei>N/A</lei>
        <title>WaMu Mortgage Pass-Through Certificates Series 2004-CB2 Trust</title>
        <cusip>92922FTX6</cusip>
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          <isin value="US92922FTX68"/>
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        <balance>304063.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306886.10000000</valUSD>
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        <name>IndyMac INDX Mortgage Loan Trust</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>Xerox Holdings Corp</name>
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        <name>WAMU Mortgage Pass-Through Certificates</name>
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        <name>AI AQUA MERGER SUB INC</name>
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        <name>GSR Mortgage Loan Trust</name>
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        <name>Freddiemac Strip</name>
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        <title>Freddie Mac Strips</title>
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      <invstOrSec>
        <name>Barracuda Networks Inc</name>
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        <name>Vistra Operations Company LLC</name>
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        <name>Global SC Finance SRL</name>
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        <title>Global SC Finance VII Srl</title>
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        <name>Navient Student Loan Trust</name>
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        <title>Navient Private Education Refi Loan Trust 2021-C</title>
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        <name>MARS INC</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Gold Pool</title>
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        <name>Asurion LLC</name>
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        <title>Asurion LLC 2021 Second Lien Term Loan B4</title>
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      <invstOrSec>
        <name>Grifols Worldwide Operations USA Inc</name>
        <lei>N/A</lei>
        <title>Grifols Worldwide Operations USA Inc 2019 USD Term Loan B</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <isin value="US36225CVC71"/>
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        <curCd>USD</curCd>
        <valUSD>3279.12000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>31398FXF3</cusip>
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          <isin value="US31398FXF34"/>
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        <balance>828744.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>833265.01000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
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          <isin value="US05610AAE82"/>
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        <balance>2170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2165935.59000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.46000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zayo Group Holdings Inc</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings Inc USD Term Loan</title>
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          <isin value="US98919XAB73"/>
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        <balance>101885.40000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.28000000</annualizedRt>
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      <invstOrSec>
        <name>GREAT CAN GAMING/RAPTOR</name>
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        <title>Great Canadian Gaming Corp/Raptor LLC</title>
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        <identifiers>
          <isin value="US389925AA64"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bank of New York Mellon</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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          <other otherDesc="Trade Identifier" value="25IIKBCCQXN"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Bank of New York Mellon</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418EKT6</cusip>
        <identifiers>
          <isin value="US31418EKT63"/>
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        <balance>12860515.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Virgin Media Bristol LLC</name>
        <lei>213800IQ982XX69LE276</lei>
        <title>Virgin Media Bristol LLC USD Term Loan N</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG9368PBC77"/>
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        <balance>13617.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13619.65000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.76000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WAMU Mortgage Pass-Through Certificates</name>
        <lei>N/A</lei>
        <title>WaMu Mortgage Pass-Through Certificates Series 2004-AR14 Trust</title>
        <cusip>939336V91</cusip>
        <identifiers>
          <isin value="US939336V916"/>
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        <balance>203325.49000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192016.87000000</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>2035-01-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>SOUTH FIELD LLC</name>
        <lei>549300M3RBW5ZIH20760</lei>
        <title>South Field LLC 2025 Term Loan C</title>
        <cusip>83783XAE6</cusip>
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          <isin value="US83783XAE67"/>
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        <balance>1942.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1949.89000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>31398CKM9</cusip>
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        <balance>153946.89000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.43000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASTR Seasoned Securitization Trust</name>
        <lei>N/A</lei>
        <title>MASTR Seasoned Securitization Trust 2004-1</title>
        <cusip>55265WBD4</cusip>
        <identifiers>
          <isin value="US55265WBD48"/>
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        <balance>65608.31000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64596.51000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WORLDLINE SA/FRANCE</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>Worldline SA/France</title>
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          <isin value="FR0013439304"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85106400"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Worldline SA</name>
              <title>Worldline SA</title>
              <curCd>EUR</curCd>
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      <invstOrSec>
        <name>CASTLE US HOLDING CORPORATION</name>
        <lei>254900VXLMLPIE9ID612</lei>
        <title>Castle US Holding Corporation 2025 New Money FLFO Term Loan</title>
        <cusip>14852DAG6</cusip>
        <identifiers>
          <isin value="US14852DAG60"/>
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        <balance>4374.04000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4433.40000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank</name>
        <lei>N/A</lei>
        <title>BANK 2018-BNK14</title>
        <cusip>06035RAP1</cusip>
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        <balance>3303050.12000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0526A5</cusip>
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          <isin value="US01F0526A56"/>
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        <balance>5425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5471112.50000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ALLO Issuer, LLC</name>
        <lei>N/A</lei>
        <title>ALLO Issuer LLC</title>
        <cusip>01983KAA2</cusip>
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          <isin value="US01983KAA25"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1472240.83000000</valUSD>
        <pctVal>0.168812035989</pctVal>
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      <invstOrSec>
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        <name>Fannie Mae</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL REALTY OP LP</name>
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        <name>MASTR Asset Backed Securities Trust</name>
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        <name>BOEING CO/THE</name>
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        <name>LCM Ltd Partnership</name>
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        <name>Extended Stay America Trust</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Last Mile Logistics Pan Euro Finance DAC</name>
        <lei>635400NOPX1IKIAX7N90</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <title>Avolon Holdings Funding Ltd</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILIP MORRIS INTL INC</name>
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        <title>Philip Morris International Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CIGNA GROUP/THE</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Group/The</title>
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          <isin value="US125523CX69"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCRR Parent Inc</name>
        <lei>N/A</lei>
        <title>CCRR Parent Inc Term Loan B</title>
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          <isin value="US12510MAB54"/>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PHH Alternative Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PHH Alternative Mortgage Trust Series 2007-3</title>
        <cusip>69337MAC4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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          <isin value="US3136B9AC17"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2020-B17 Mortgage Trust</title>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <issuerCat>USGA</issuerCat>
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      <invstOrSec>
        <name>Merrill Lynch First Franklin Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3</title>
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      <invstOrSec>
        <name>World Omni Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>World Omni Auto Receivables Trust 2021-D</title>
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      <invstOrSec>
        <name>FOUNDRY JV HOLDCO LLC</name>
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        <title>Foundry JV Holdco LLC</title>
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        <name>BAT Capital Corp</name>
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        <name>Countrywide Asset-Backed Certificates</name>
        <lei>N/A</lei>
        <title>CWABS Asset-Backed Certificates Trust 2006-4</title>
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          <isin value="US126670WV66"/>
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        <name>DTI HOLDCO INC</name>
        <lei>549300QQVMUL3P8XVJ27</lei>
        <title>DTI Holdco Inc 2025 Term Loan B</title>
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        <name>Eurex Deutschland</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>EURO-SCHATZ FUT DEC25</title>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust 2018-C12</title>
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          <isin value="US90353DAV73"/>
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        <balance>543666.27000000</balance>
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        <invCountry>US</invCountry>
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        <name>Element Materials Technology Group US Holdings Inc</name>
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        <name>Government National Mortgage Association</name>
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        <name>Rockford Tower CLO Ltd</name>
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        <name>LAS VEGAS SANDS CORP</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae REMICS</title>
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        <name>SLM Student Loan Trust</name>
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        <name>AA BOND CO LTD</name>
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        <name>JP Morgan Mortgage Acquisition Corp</name>
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        <name>State Street Global Advisors</name>
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        <name>NMLT Trust</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
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      <invstOrSec>
        <name>VENTURE GLOBAL PLAQUE</name>
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        <name>ABG Intermediate Holdings 2 LLC</name>
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        <title>ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B</title>
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        <name>Freddiemac Strip</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Strips</title>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Board of Trade</name>
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      <invstOrSec>
        <name>Octagon Investment Partners 45, Ltd.</name>
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        <name>QUIDELORTHO CORP</name>
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        <title>QUIDELORTHO CORP TERM LOAN</title>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Avolon TLB Borrower 1 (US) LLC</name>
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        <name>AMERIGAS PART/FIN CORP</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransDigm Inc</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm Inc 2023 Term Loan J</title>
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          <isin value="US89364MCA09"/>
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        <curCd>USD</curCd>
        <valUSD>35687.27000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SREIT Trust</name>
        <lei>N/A</lei>
        <title>SREIT Trust 2021-MFP2</title>
        <cusip>85236WCE4</cusip>
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          <isin value="US85236WCE49"/>
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        <balance>3640000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Octagon Investment Partners XVII LTD</name>
        <lei>54930007Y57X4ONHQV20</lei>
        <title>Octagon Investment Partners XVII Ltd</title>
        <cusip>67590GBL2</cusip>
        <identifiers>
          <isin value="US67590GBL23"/>
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        <balance>1310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1313175.44000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>EDGEWATER GENERATION LLC</name>
        <lei>5493004PLDT1L28SWG83</lei>
        <title>Edgewater Generation LLC 2025 Repriced Term Loan</title>
        <cusip>28031FAM2</cusip>
        <identifiers>
          <isin value="US28031FAM23"/>
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        <balance>29332.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29440.63000000</valUSD>
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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>2030-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.16000000</annualizedRt>
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      <invstOrSec>
        <name>KEDRION SPA</name>
        <lei>81560047FA58E1BEDF67</lei>
        <title>Kedrion SpA</title>
        <cusip>49272YAB9</cusip>
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          <isin value="US49272YAB92"/>
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        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>366092.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BXP Trust</name>
        <lei>N/A</lei>
        <title>BXP Trust 2017-GM</title>
        <cusip>056083AG3</cusip>
        <identifiers>
          <isin value="US056083AG38"/>
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        <balance>2465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2401555.09000000</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>2039-06-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.54000000</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>MASTR Alternative Loans Trust</name>
        <lei>N/A</lei>
        <title>MASTR Alternative Loan Trust 2003-1</title>
        <cusip>576434BZ6</cusip>
        <identifiers>
          <isin value="US576434BZ60"/>
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        <balance>376204.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>386723.74000000</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>2032-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>46647PBR6</cusip>
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          <isin value="US46647PBR64"/>
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        <balance>879000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>852287.19000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.18000000</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>AMERIGAS PART/FIN CORP</name>
        <lei>N/A</lei>
        <title>AmeriGas Partners LP / AmeriGas Finance Corp</title>
        <cusip>030981AM6</cusip>
        <identifiers>
          <isin value="US030981AM61"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267532.20000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.38000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAND CANYON UNIVERSITY</name>
        <lei>N/A</lei>
        <title>Grand Canyon University</title>
        <cusip>38528UAE6</cusip>
        <identifiers>
          <isin value="US38528UAE64"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147598.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.13000000</annualizedRt>
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      <invstOrSec>
        <name>PREMIER HEALTH PARTNERS</name>
        <lei>549300KETC002I82TF46</lei>
        <title>Premier Health Partners</title>
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          <isin value="US74052BAA52"/>
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        <curCd>USD</curCd>
        <valUSD>3446240.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.91000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
        <title>BALTIMORE MD</title>
        <cusip>059189NR7</cusip>
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          <isin value="US059189NR78"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>PURCHASED USD / SOLD EUR</title>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Nelnet Student Loan Trust 2013-1</title>
        <cusip>64033CAA8</cusip>
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          <couponKind>Floating</couponKind>
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        <name>Red Ventures LLC</name>
        <lei>9845004G68FBD7FP1585</lei>
        <title>Red Ventures LLC 2024 Term Loan B</title>
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          <isin value="US75703UAL98"/>
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        <balance>63257.46000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59778.30000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GENERAL ELECTRIC CO</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>General Electric Co</title>
        <cusip>36962GW75</cusip>
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          <isin value="US36962GW752"/>
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        <balance>2235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2239514.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.96000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP Morgan Mortgage Acquisition Corp</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Acquisition Trust 2007-CH4</title>
        <cusip>46630CAF1</cusip>
        <identifiers>
          <isin value="US46630CAF14"/>
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        <balance>7152634.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7030084.46000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust Inc</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust 2006-AMC1</title>
        <cusip>17309PAS5</cusip>
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          <isin value="US17309PAS56"/>
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        <balance>3934055.37000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3836913.31000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>3136BTBD4</cusip>
        <identifiers>
          <isin value="US3136BTBD41"/>
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        <balance>13004770.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13022734.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.56000000</annualizedRt>
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        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMRT</name>
        <lei>N/A</lei>
        <title>SMRT 2022-MINI</title>
        <cusip>78457JAA0</cusip>
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          <isin value="US78457JAA07"/>
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        <balance>2885000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2882379.84000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Access Group Inc</name>
        <lei>N/A</lei>
        <title>Access Group Inc 2015-1</title>
        <cusip>00435TAA9</cusip>
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          <isin value="US00435TAA97"/>
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        <balance>541791.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538203.54000000</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>2056-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.17000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>31392KC38</cusip>
        <identifiers>
          <isin value="US31392KC389"/>
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        <balance>1446.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1462.51000000</valUSD>
        <pctVal>0.000167696266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.49000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCI-Symphony CLO</name>
        <lei>5493005WLG3H3B8NI222</lei>
        <title>TCI-Symphony CLO 2016-1 Ltd</title>
        <cusip>87229WAQ4</cusip>
        <identifiers>
          <isin value="US87229WAQ42"/>
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        <balance>5744912.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5750335.63000000</valUSD>
        <pctVal>0.659352631406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0406A0</cusip>
        <identifiers>
          <isin value="US01F0406A02"/>
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        <balance>13700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12914654.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GC Ferry Acquisition I Inc</name>
        <lei>549300ZKYR56QRODD510</lei>
        <title>GC Ferry Acquisition I Inc Term Loan</title>
        <cusip>32009UAD9</cusip>
        <identifiers>
          <isin value="US32009UAD90"/>
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        <balance>32346.58000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32075.19000000</valUSD>
        <pctVal>0.003677848092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.71000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DK CROWN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>DK Crown Holdings Inc 2025 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX259337"/>
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        <balance>37481.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37469.73000000</valUSD>
        <pctVal>0.004296404012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HDI Aerospace Intermediate Holding III Corporation</name>
        <lei>254900LKRYAGKIYOHW04</lei>
        <title>HDI Aerospace Intermediate Holding III Corporation Term Loan B</title>
        <cusip>40415WAB0</cusip>
        <identifiers>
          <isin value="US40415WAB00"/>
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        <balance>61845.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62115.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.83000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOC DR LLC</name>
        <lei>549300P6Q1UMT0X60U20</lei>
        <title>DOC DR LLC</title>
        <cusip>71951QAA0</cusip>
        <identifiers>
          <isin value="US71951QAA04"/>
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        <balance>3995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3996797.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>BDL2CYFJ9 FWDP 5Y RTP SWAPTION</title>
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        <balance>18017000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>19597.09000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <writtenOrPur>Purchased</writtenOrPur>
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                    <name>JPMorgan Chase Bank NA</name>
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      <invstOrSec>
        <name>IQVIA INC</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA Inc 2025 Incremental Term Loan B5</title>
        <cusip>44969CBP4</cusip>
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          <isin value="US44969CBP41"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MTG</name>
        <lei>549300164ZV2301BC703</lei>
        <title>CREDIT SUISSE FIRST BOSTON MTG</title>
        <cusip>22540AFG8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="22540AFG8"/>
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        <balance>54699.13000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54610.65000000</valUSD>
        <pctVal>0.006261838977</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.49000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LHOME Mortgage Trust</name>
        <lei>N/A</lei>
        <title>LHOME Mortgage Trust 2023-RTL3</title>
        <cusip>50205TAA2</cusip>
        <identifiers>
          <isin value="US50205TAA25"/>
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        <balance>2180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2184247.08000000</valUSD>
        <pctVal>0.250453043528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLIANT ENERGY FINANCE</name>
        <lei>54930033ER6EOI5DL570</lei>
        <title>Alliant Energy Finance LLC</title>
        <cusip>01882YAE6</cusip>
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          <isin value="US01882YAE68"/>
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        <balance>805000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-30</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Mid-State Trust</name>
        <lei>N/A</lei>
        <title>Mid-State Trust</title>
        <cusip>59549RAG9</cusip>
        <identifiers>
          <isin value="US59549RAG92"/>
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        <balance>108304.06000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107999.44000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.82000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HTL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>HTL Commercial Mortgage Trust 2024-T53</title>
        <cusip>404300AA3</cusip>
        <identifiers>
          <isin value="US404300AA33"/>
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        <balance>2668000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2707485.60000000</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>2039-05-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.07000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Countrywide Asset-Backed Certificates</name>
        <lei>N/A</lei>
        <title>CWABS Asset-Backed Certificates Trust 2007-7</title>
        <cusip>12669VAA6</cusip>
        <identifiers>
          <isin value="US12669VAA61"/>
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        <balance>5533469.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5262384.16000000</valUSD>
        <pctVal>0.603402491024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.47000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Impac CMB Trust</name>
        <lei>N/A</lei>
        <title>Impac CMB Trust Series 2005-5</title>
        <cusip>45254NPU5</cusip>
        <identifiers>
          <isin value="US45254NPU53"/>
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        <balance>673156.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>635925.83000000</valUSD>
        <pctVal>0.072917373240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.91000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NAKED JUICE LLC</name>
        <lei>549300Y5TU1XQ1KVLJ64</lei>
        <title>Naked Juice LLC 2025 FLFO Term Loan</title>
        <cusip>62984CAK9</cusip>
        <identifiers>
          <isin value="US62984CAK99"/>
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        <balance>446698.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450979.90000000</valUSD>
        <pctVal>0.051710857054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KELSO INDUSTRIES LLC</name>
        <lei>N/A</lei>
        <title>Kelso Industries LLC Term Loan</title>
        <cusip>48825CAB1</cusip>
        <identifiers>
          <isin value="US48825CAB19"/>
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        <balance>94295.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94766.64000000</valUSD>
        <pctVal>0.010866258506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.91000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OPEN TEXT CORP</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>Open Text Corp</title>
        <cusip>683715AF3</cusip>
        <identifiers>
          <isin value="US683715AF36"/>
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        <balance>2635000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2743667.40000000</valUSD>
        <pctVal>0.314598040235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLUMINA INC</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>Illumina Inc</title>
        <cusip>452327AP4</cusip>
        <identifiers>
          <isin value="US452327AP42"/>
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        <balance>2275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2341225.25000000</valUSD>
        <pctVal>0.268452683222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
        <title>VOYA CLO 2017-2</title>
        <cusip>92915UAG9</cusip>
        <identifiers>
          <isin value="US92915UAG94"/>
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        <balance>547118.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>547461.68000000</valUSD>
        <pctVal>0.062773779224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.56000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FERRELLGAS LP/FERRELLGAS</name>
        <lei>N/A</lei>
        <title>Ferrellgas LP / Ferrellgas Finance Corp</title>
        <cusip>315289AC2</cusip>
        <identifiers>
          <isin value="US315289AC26"/>
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        <balance>86000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80082.34000000</valUSD>
        <pctVal>0.009182507770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.88000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0326A7</cusip>
        <identifiers>
          <isin value="US01F0326A74"/>
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        <balance>8150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7450619.98000000</valUSD>
        <pctVal>0.854312896763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Advantage Sales &amp; Marketing Inc</name>
        <lei>549300T4O24KQDED1182</lei>
        <title>Advantage Sales &amp; Marketing Inc 2024 Term Loan</title>
        <cusip>00769EBA7</cusip>
        <identifiers>
          <isin value="US00769EBA73"/>
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        <balance>68841.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61903.65000000</valUSD>
        <pctVal>0.007098078642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade FL Aviation Revenue</name>
        <lei>N/A</lei>
        <title>MIAMI-DADE CNTY FL AVIATION REVENUE</title>
        <cusip>59333P6D5</cusip>
        <identifiers>
          <isin value="US59333P6D52"/>
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        <balance>445000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>422101.64000000</valUSD>
        <pctVal>0.048399579600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.14000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06051GKJ7</cusip>
        <identifiers>
          <isin value="US06051GKJ75"/>
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        <balance>4275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4188174.75000000</valUSD>
        <pctVal>0.480230063058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy</title>
        <cusip>30040WAQ1</cusip>
        <identifiers>
          <isin value="US30040WAQ15"/>
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        <balance>5425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5329357.25000000</valUSD>
        <pctVal>0.611081848538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPRINT SPECTRUM / SPEC I</name>
        <lei>N/A</lei>
        <title>Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC</title>
        <cusip>85208NAE0</cusip>
        <identifiers>
          <isin value="US85208NAE04"/>
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        <balance>517500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>521313.98000000</valUSD>
        <pctVal>0.059775596872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd</title>
        <cusip>05401AAR2</cusip>
        <identifiers>
          <isin value="US05401AAR23"/>
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        <balance>1118000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1075683.70000000</valUSD>
        <pctVal>0.123341474966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs International</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASTR Alternative Loans Trust</name>
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          <isin value="US576434KX12"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
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          <isin value="US31397GQR47"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HUDSON PACIFIC PROPERTIE</name>
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          <isin value="US44409MAB28"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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      <invstOrSec>
        <name>CELSIUS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Celsius Holdings Inc Term Loan</title>
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          <isin value="US15118XAB01"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTR Adjustable Rate Mortgages Trust</name>
        <lei>N/A</lei>
        <title>MASTR Adjustable Rate Mortgages Trust 2003-6</title>
        <cusip>576433GH3</cusip>
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          <isin value="US576433GH35"/>
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        <balance>1819.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1783.14000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      <invstOrSec>
        <name>Fanniemae-Aces</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae-Aces</title>
        <cusip>3136BDUA4</cusip>
        <identifiers>
          <isin value="US3136BDUA49"/>
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        <balance>754772.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>729965.82000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.87000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Gold Pool</title>
        <cusip>31298EX91</cusip>
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          <isin value="US31298EX916"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC</title>
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          <isin value="US05377RFX70"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.24000000</annualizedRt>
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        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings 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>
        <debtSec>
          <maturityDt>2028-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.01000000</annualizedRt>
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        <name>AMWINS GROUP INC</name>
        <lei>549300SJE7MUB8NMRG61</lei>
        <title>AmWINS Group Inc 2025 Term Loan B</title>
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          <isin value="US03234TBA51"/>
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        <balance>69928.55000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>AMERICAN TOWER CORP</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GMAC Mortgage Corporation Loan Trust</name>
        <lei>N/A</lei>
        <title>GMACM Home Equity Loan Trust 2000-HE2</title>
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        <name>Diamond Infrastructure Funding LLC</name>
        <lei>N/A</lei>
        <title>Diamond Infrastructure Funding LLC</title>
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        <assetCat>ABS-O</assetCat>
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          <couponKind>Fixed</couponKind>
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        <name>UBER TECHNOLOGIES INC</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies Inc</title>
        <cusip>90353TAN0</cusip>
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          <isin value="US90353TAN00"/>
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        <curCd>USD</curCd>
        <valUSD>2139376.72000000</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>4.30000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE</title>
        <cusip>64971XMF2</cusip>
        <identifiers>
          <isin value="US64971XMF23"/>
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        <balance>4060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3994816.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.31000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>31397JE91</cusip>
        <identifiers>
          <isin value="US31397JE915"/>
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        <balance>582166.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>578145.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>31394NT81</cusip>
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          <isin value="US31394NT813"/>
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        <balance>715457.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>718847.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SREIT Trust</name>
        <lei>N/A</lei>
        <title>SREIT Trust 2021-MFP2</title>
        <cusip>85236WCG9</cusip>
        <identifiers>
          <isin value="US85236WCG96"/>
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        <balance>2150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2148783.53000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.44000000</annualizedRt>
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      <invstOrSec>
        <name>MASTR Alternative Loans Trust</name>
        <lei>N/A</lei>
        <title>MASTR Alternative Loan Trust 2004-7</title>
        <cusip>576434TC8</cusip>
        <identifiers>
          <isin value="US576434TC83"/>
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        <balance>916443.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>930201.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Credit-Based Asset Servicing and Securitization</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Securitized Asset Backed Receivables LLC Trust 2006-CB1</title>
        <cusip>81375WHH2</cusip>
        <identifiers>
          <isin value="US81375WHH25"/>
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        <balance>1267116.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1091404.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.82000000</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>ALTICE FINANCING SA</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>Altice Financing SA</title>
        <cusip>02154CAJ2</cusip>
        <identifiers>
          <isin value="US02154CAJ27"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194129.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.63000000</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>HEALTHPEAK PROPERTIES INC</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
        <title>Healthpeak Properties Inc Term Loan A1</title>
        <cusip>42250UAD4</cusip>
        <identifiers>
          <isin value="US42250UAD46"/>
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        <balance>331628.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329141.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BERRY GLOBAL INC</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global Inc</title>
        <cusip>08576PAF8</cusip>
        <identifiers>
          <isin value="US08576PAF80"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1937680.00000000</valUSD>
        <pctVal>0.222180841090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>LINEAGE OP LP</name>
        <lei>254900CSRDL1G4SRQE89</lei>
        <title>Lineage OP LP</title>
        <cusip>53567YAA7</cusip>
        <identifiers>
          <isin value="US53567YAA73"/>
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        <balance>825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>836649.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>313921X45</cusip>
        <identifiers>
          <isin value="US313921X453"/>
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        <balance>174073.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176001.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MODIVCARE INC</name>
        <lei>549300EFZIFW7F7I0Q28</lei>
        <title>Modivcare Inc 2025 Incremental Term Loan</title>
        <cusip>60783LAD2</cusip>
        <identifiers>
          <isin value="US60783LAD29"/>
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        <balance>81492.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36671.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.78000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aligned Data Centers Issuer LLC</name>
        <lei>N/A</lei>
        <title>Aligned Data Centers Issuer LLC</title>
        <cusip>01627AAA6</cusip>
        <identifiers>
          <isin value="US01627AAA60"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1562087.04000000</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>2046-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.94000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>One New York Plaza Trust 2020-1NYP</name>
        <lei>N/A</lei>
        <title>One New York Plaza Trust 2020-1NYP</title>
        <cusip>68249DAA7</cusip>
        <identifiers>
          <isin value="US68249DAA72"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1968920.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.22000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38384W6J9</cusip>
        <identifiers>
          <isin value="US38384W6J93"/>
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        <balance>13020756.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13061655.43000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.54000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
        <cusip>38384WM28</cusip>
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          <isin value="US38384WM284"/>
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        <balance>9548425.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9586349.12000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31404KNR9</cusip>
        <identifiers>
          <isin value="US31404KNR94"/>
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        <balance>54206.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54354.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.55000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>31359QS96</cusip>
        <identifiers>
          <isin value="US31359QS969"/>
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        <balance>1057.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1056.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Merrill Lynch Mortgage Investors Trust</name>
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        <name>Terwin Mortgage Trust</name>
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        <name>JBS USA HOLD/FOOD/LUX CO</name>
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        <name>Pelican Products Inc</name>
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        <name>HUDSON PACIFIC PROPERTIE</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>JPMorgan Chase Bank NA</name>
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        <name>HYATT HOTELS CORP</name>
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        <title>Hyatt Hotels Corp</title>
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        <name>Air Lease Corp</name>
        <lei>5493004NW4M4P8TMMK63</lei>
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        <name>Cast and Crew Payroll LLC</name>
        <lei>549300XE7OZGFGN5F466</lei>
        <title>Cast and Crew Payroll LLC 2021 Incremental Term Loan</title>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>TEVA PHARM FIN IV</name>
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        <name>Freddie Mac</name>
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        <name>WEC US Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <name>JP Morgan Chase Commercial Mortgage Sec Trust</name>
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      <invstOrSec>
        <name>Goldman Sachs International</name>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>TruGreen Limited Partnership</name>
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        <name>GoldenTree Loan Management US CLO, LTD</name>
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        <name>LCM Ltd Partnership</name>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
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        <name>AGL CLO 13 Ltd</name>
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      <invstOrSec>
        <name>Firstkey Homes Trust</name>
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        <title>FirstKey Homes 2021-SFR1 Trust</title>
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      <invstOrSec>
        <name>EOC BORROWER LLC</name>
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      <invstOrSec>
        <name>Goldman Sachs International</name>
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        <title>PURCHASED USD / SOLD EUR</title>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ace Securities Corp.</name>
        <lei>N/A</lei>
        <title>ACE Securities Corp Home Equity Loan Trust Series 2006-OP1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASTR Adjustable Rate Mortgages Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BALCAN INNOVATIONS INC</name>
        <lei>549300C2CLNRVCUDIH93</lei>
        <title>Balcan Innovations Inc Term Loan B</title>
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          <isin value="XAC0564DAB29"/>
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        <balance>44417.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-18</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHEVY CHASE MORTGAGE FUNDING CORP.</name>
        <lei>549300QD5ZVFK417DY24</lei>
        <title>Chevy Chase Funding LLC Mortgage-Backed Certificates Series 2005-2</title>
        <cusip>16678RDK0</cusip>
        <identifiers>
          <isin value="US16678RDK05"/>
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        <balance>224560.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215864.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae</title>
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        <balance>7400000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bear Stearns Adjustable Rate Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Bear Stearns ARM Trust 2004-3</title>
        <cusip>07384MR20</cusip>
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          <isin value="US07384MR208"/>
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        <balance>152900.02000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.38000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac REMICS</title>
        <cusip>3133TLMU9</cusip>
        <identifiers>
          <isin value="US3133TLMU97"/>
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        <balance>82793.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84664.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>TCW Central Cash Fund</name>
        <lei>2549003KPNUIFJCJM366</lei>
        <title>TCW Central Cash Fund</title>
        <cusip>872365671</cusip>
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          <isin value="US8723656711"/>
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        <balance>64811802.30000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VICI PROPERTIES / NOTE</name>
        <lei>N/A</lei>
        <title>VICI Properties LP / VICI Note Co Inc</title>
        <cusip>92564RAJ4</cusip>
        <identifiers>
          <isin value="US92564RAJ41"/>
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        <balance>2590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2623385.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>First Franklin Mtg Loan Asset Backed Certificates</name>
        <lei>N/A</lei>
        <title>FFMLT Trust 2005-FF8</title>
        <cusip>362341QS1</cusip>
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          <isin value="US362341QS10"/>
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        <balance>273943.49000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Primo Brands Corporation</name>
        <lei>254900J0WS4AXV2LAX55</lei>
        <title>Primo Brands Corporation 2025 Term Loan B</title>
        <cusip>89678QAD8</cusip>
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          <isin value="US89678QAD88"/>
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        <balance>14334.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14348.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Asset Backed Securities Corp Home Equity Ln Trst</name>
        <lei>N/A</lei>
        <title>Asset Backed Securities Corp Home Equity Loan Trust Series OOMC 2006-HE3</title>
        <cusip>04541GXC1</cusip>
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        <name>RESEARCH NOW GROUP INC</name>
        <lei>549300XTHJNIVC5Q8K50</lei>
        <title>Research Now Group Inc 2024 First Lien First Out Term Loan</title>
        <cusip>76100MAB6</cusip>
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        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc</title>
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        <balance>755000.00000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MASSACHUSETTS ST SPL OBLG REVENUE</title>
        <cusip>576004HG3</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PLANO HOLDCO INC</name>
        <lei>254900C53JLEP3CCOQ10</lei>
        <title>Plano HoldCo Inc Term Loan B</title>
        <cusip>72712EAB3</cusip>
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        <balance>19900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19502.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-02</maturityDt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FLUTTER FINANCING BV</name>
        <lei>635400VFWPBIKJK6GN11</lei>
        <title>Flutter Financing BV 2025 Term Loan B</title>
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          <isin value="XAN3313EAJ90"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DataBank Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US23802WAA99"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORP</name>
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        <title>Oracle Corp</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SLM Student Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
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        <title>JPMorgan Chase &amp; Co</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Opteum Mortgage Acceptance Corporation</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apidos CLO Ltd</name>
        <lei>549300IG6PHVJ3WBR394</lei>
        <title>Apidos CLO XXXI</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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      <invstOrSec>
        <name>KFC Holding Co</name>
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        <title>KFC Holding Co 2021 Term Loan B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPAL BIDCO SAS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL LNG INC</name>
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        <name>Blackhawk Network Holdings, Inc</name>
        <lei>549300LFU3K8UIR03132</lei>
        <title>Blackhawk Network Holdings Inc 2025 Term Loan B</title>
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        <name>Regatta XVI Funding Ltd.</name>
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        <title>Regatta XVI Funding Ltd</title>
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        <name>ALLIANT ENERGY FINANCE</name>
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        <title>Alliant Energy Finance LLC</title>
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        <name>STATE OF ISRAEL</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>Israel Government International Bond</title>
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        <name>Allegro CLO Ltd</name>
        <lei>635400EBXLHIKFL2MP73</lei>
        <title>Allegro CLO VII Ltd</title>
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        <name>Soundview Home Equity Loan Trust</name>
        <lei>N/A</lei>
        <title>Soundview Home Loan Trust 2006-OPT4</title>
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        <name>Artera Services LLC</name>
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        <name>NAKED JUICE LLC</name>
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        <name>TCP Sunbelt Acquisition Co</name>
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      <invstOrSec>
        <name>WAMU Mortgage Pass-Through Certificates</name>
        <lei>N/A</lei>
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        <name>Countrywide Asset-Backed Certificates</name>
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        <name>Bank of America NA</name>
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        <name>GVC Holdings (Gibraltar) Limited</name>
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        <name>Station Casinos LLC</name>
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        <name>MASTR Adjustable Rate Mortgages Trust</name>
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        <name>Park Place Securities Inc</name>
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        <name>Citibank NA</name>
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        <name>Charter Communications Operating LLC</name>
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        <title>Charter Communications Operating LLC 2023 Term Loan B4</title>
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        <name>JP Morgan Chase Commercial Mortgage Sec Trust</name>
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        <name>Last Mile Logistics Pan Euro Finance DAC</name>
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        <title>Last Mile Logistics Pan Euro Finance DAC</title>
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        <name>Mid-State Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs International</name>
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          <other otherDesc="Trade Identifier" value="25IDKBB748B"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ZAYO GROUP HOLDINGS INC</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings Inc</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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      <invstOrSec>
        <name>EagleView Technology Corporation</name>
        <lei>549300HLIL8HO4PPLG50</lei>
        <title>EagleView Technology Corporation 2025 Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-14</maturityDt>
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      <invstOrSec>
        <name>MAGNITE INC</name>
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        <title>Magnite Inc 2025 Repriced Term Loan B</title>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>DAVIDE CAMPARI-MILANO SP</name>
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        <title>Davide Campari-Milano NV</title>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <title>Davide Campari-Milano NV</title>
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      <invstOrSec>
        <name>Ziggo Financing Partnership</name>
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          <isin value="XAN9833RAJ85"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ALA Trust</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <title>Goldman Sachs Group Inc/The</title>
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        <name>RAC BOND CO PLC</name>
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        <name>COMM Mortgage Trust</name>
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        <name>NIAGARA MOHAWK POWER</name>
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        <name>Calpine Corporation</name>
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        <title>Calpine Corporation 2024 Term Loan B5</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CIM Trust</name>
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        <name>Goal Capital Funding Trust</name>
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        <name>321 Henderson Receivables LLC</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36225CUP9</cusip>
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          <isin value="US36225CUP93"/>
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        <balance>6264.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6298.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX 2021-MFM1</title>
        <cusip>05608VAE6</cusip>
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          <isin value="US05608VAE65"/>
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        <balance>1354500.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association</title>
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          <isin value="US38378MVN28"/>
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        <balance>18076.74000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <cusip>3137FRTX9</cusip>
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          <isin value="US3137FRTX93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-25</maturityDt>
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        <name>FABBRICA ITA SINTETICI</name>
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          <isin value="XS2436585355"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PNC FINANCIAL SERVICES</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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          <isin value="US693475BR55"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ANTYLIA SCIENTIFIC</name>
        <lei>N/A</lei>
        <title>Antylia Scientific Term Loan</title>
        <cusip>12592HAG6</cusip>
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          <isin value="US12592HAG65"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae</title>
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          <isin value="US21H0426A28"/>
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        <balance>3700000.00000000</balance>
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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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      <invstOrSec>
        <name>ZAYO GROUP HOLDINGS INC</name>
        <lei>529900Z6OTS7RT0V0I47</lei>
        <title>Zayo Group Holdings Inc</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Elmwood CLO 15 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 15 Ltd</title>
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        <balance>4400000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MortgageIT Trust</name>
        <lei>N/A</lei>
        <title>MortgageIT Trust 2005-4</title>
        <cusip>61913PAZ5</cusip>
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          <couponKind>Floating</couponKind>
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        <name>SKYLINE CL A TR 2020 1</name>
        <lei>N/A</lei>
        <title>SKYLINE CL A TR 2020 1</title>
        <cusip>83084RAA3</cusip>
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        <curCd>USD</curCd>
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        <name>HEALTHCARE RLTY HLDGS LP</name>
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        <title>Healthcare Realty Holdings LP</title>
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          <couponKind>Fixed</couponKind>
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        <name>MORGAN STANLEY BANK NA</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
        <title>Morgan Stanley Bank NA</title>
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        <name>KELSO INDUSTRIES LLC</name>
        <lei>N/A</lei>
        <title>Kelso Industries LLC Delayed Draw Term Loan</title>
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          <isin value="US48825CAC91"/>
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        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross 2024-H6 Mortgage Trust</title>
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          <isin value="US227919AA56"/>
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      <invstOrSec>
        <name>Lehman ABS Manufactured Housing Contract</name>
        <lei>N/A</lei>
        <title>Lehman ABS Manufactured Housing Contract Trust 2001-B</title>
        <cusip>52519SAK9</cusip>
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          <isin value="US52519SAK96"/>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0404A2</cusip>
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          <isin value="US01F0404A20"/>
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        <balance>20000000.00000000</balance>
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      <invstOrSec>
        <name>Navient Student Loan Trust</name>
        <lei>549300ZUZB9UCBWEBN39</lei>
        <title>Navient Private Education Refi Loan Trust 2021-F</title>
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      <invstOrSec>
        <name>Hilton Domestic Operating Company Inc</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>Hilton Domestic Operating Company Inc 2023 Term Loan B4</title>
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        <balance>498366.10000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Campbell Union School District</name>
        <lei>N/A</lei>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSAMP Trust</name>
        <lei>N/A</lei>
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        <cusip>362334LJ1</cusip>
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          <isin value="US362334LJ15"/>
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        <balance>753106.20000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
        <lei>5493000IS30HKV5IAS29</lei>
        <title>Freddie Mac STACR REMIC Trust 2022-DNA6</title>
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          <isin value="US35564KH362"/>
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        <balance>565800.45000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Delivery Hero SE</name>
        <lei>529900KR9IO53KSCSQ67</lei>
        <title>Delivery Hero SE 2024 USD Term Loan B</title>
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          <isin value="XAD2007ZAE79"/>
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        <balance>103826.25000000</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>
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          <maturityDt>2029-12-12</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GSAMP Trust</name>
        <lei>N/A</lei>
        <title>GSAMP Trust 2005-HE4</title>
        <cusip>362341KE8</cusip>
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          <isin value="US362341KE87"/>
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        <balance>338727.83000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multifamily Structured Pass Through Certificates</title>
        <cusip>3137FARM2</cusip>
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          <isin value="US3137FARM22"/>
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        <balance>599404.13000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Star Parent Inc</name>
        <lei>254900GRGCJYRMDRWT73</lei>
        <title>Star Parent Inc Term Loan B</title>
        <cusip>87169DAB1</cusip>
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          <isin value="US87169DAB10"/>
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        <balance>22642.16000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22670.46000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-27</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Store Master Funding I - VII, XIV</name>
        <lei>N/A</lei>
        <title>Store Master Funding I-VII and XIV</title>
        <cusip>86212XAC4</cusip>
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          <isin value="US86212XAC48"/>
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        <balance>975687.33000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VOYAGER PARENT LLC</name>
        <lei>2549002DYVI4ACSV4V71</lei>
        <title>Voyager Parent LLC Term Loan B</title>
        <cusip>92921HAC9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Saxon Asset Securities Trust</name>
        <lei>N/A</lei>
        <title>Saxon Asset Securities Trust 2006-2</title>
        <cusip>80556XAG2</cusip>
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        <balance>7973566.16000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71000000</annualizedRt>
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      <invstOrSec>
        <name>KESTREL ACQUISITION LLC</name>
        <lei>549300ER0JUHJLPPMH08</lei>
        <title>Kestrel Acquisition LLC 2024 Term Loan B</title>
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          <isin value="US44579UAB89"/>
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        <balance>30103.75000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-06</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Ryan LLC</name>
        <lei>549300TG86D8HZC6TE67</lei>
        <title>Ryan LLC Term Loan</title>
        <cusip>78350LAZ8</cusip>
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          <isin value="US78350LAZ85"/>
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        <balance>36193.41000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.66000000</annualizedRt>
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      <invstOrSec>
        <name>Modena Buyer LLC</name>
        <lei>254900B0G2IU0VBDOY26</lei>
        <title>Modena Buyer LLC Term Loan</title>
        <cusip>60753DAC8</cusip>
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          <isin value="US60753DAC83"/>
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        <balance>20655.11000000</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>2031-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.81000000</annualizedRt>
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      <invstOrSec>
        <name>MortgageIT Trust</name>
        <lei>N/A</lei>
        <title>MortgageIT Trust 2005-3</title>
        <cusip>61915RAK2</cusip>
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          <isin value="US61915RAK23"/>
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        <balance>53779.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53721.40000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>JP Morgan Mortgage Acquisition Corp</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Acquisition Corp 2005-FRE1</title>
        <cusip>46626LCC2</cusip>
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          <isin value="US46626LCC28"/>
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        <balance>1290707.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1274825.37000000</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>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Chase Mortgage Finance Corporation</name>
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      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Argent Securities Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MH SUB I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rockford Tower CLO Ltd</name>
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        <name>Chicago Board of Trade</name>
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        <name>HTS Funding DE LLC</name>
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        <name>CORNERSTONE GENERATION LLC</name>
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        <name>BCPE North Star US Holdco 2 Inc</name>
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        <name>Rockford Tower CLO Ltd</name>
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        <name>INTEL CORP</name>
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        <name>Hilton USA Trust</name>
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        <name>DUKE ENERGY CORP</name>
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        <title>Duke Energy Corp</title>
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        <name>AMERICAN EXPRESS CO</name>
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        <name>Trestles CLO LTD</name>
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        <invCountry>KY</invCountry>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NRTH PARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>NRTH 2024-PARK Mortgage Trust</title>
        <cusip>67021HAA4</cusip>
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          <isin value="US67021HAA41"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2997448.50000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.79000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PAPA JOHN'S INTERNATIONA</name>
        <lei>HZYLD3DK5XOX0WBVNB56</lei>
        <title>Papa John's International Inc</title>
        <cusip>698813AA0</cusip>
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          <isin value="US698813AA06"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221004.70000000</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>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Franklin Mtg Loan Asset Backed Certificates</name>
        <lei>N/A</lei>
        <title>First Franklin Mortgage Loan Trust 2004-FF5</title>
        <cusip>32027NKU4</cusip>
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          <isin value="US32027NKU45"/>
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        <balance>299634.74000000</balance>
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        <curCd>USD</curCd>
        <valUSD>283063.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.27000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransDigm Inc</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm Inc 2024 Term Loan I</title>
        <cusip>89364MCC6</cusip>
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          <isin value="US89364MCC64"/>
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        <balance>43686.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43693.18000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CNY3</cusip>
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          <isin value="US91282CNY39"/>
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        <balance>16305000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.38000000</annualizedRt>
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      <invstOrSec>
        <name>JANE STREET GROUP LLC</name>
        <lei>5493002N1IVX6KHGYO08</lei>
        <title>Jane Street Group LLC 2024 Term Loan B1</title>
        <cusip>47077DAM2</cusip>
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          <isin value="US47077DAM20"/>
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        <balance>80496.82000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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      <invstOrSec>
        <name>MODIVCARE INC</name>
        <lei>549300EFZIFW7F7I0Q28</lei>
        <title>ModivCare Inc</title>
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          <isin value="US60783XAC83"/>
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        <balance>909300.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0324A9</cusip>
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          <isin value="US01F0324A92"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F0506A9</cusip>
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          <isin value="US01F0506A92"/>
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        <balance>12900000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chase Funding Mortgage Loan Asset-Backed CTFS</name>
        <lei>N/A</lei>
        <title>Chase Funding Trust Series 2002-2</title>
        <cusip>161551FX9</cusip>
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          <isin value="US161551FX90"/>
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        <balance>618870.07000000</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>2032-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HUMANA INC</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOUTH FIELD LLC</name>
        <lei>549300M3RBW5ZIH20760</lei>
        <title>South Field LLC 2025 Term Loan B</title>
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        <balance>30208.43000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-29</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Highways PLC</name>
        <lei>635400GGBFFTA8MRIA09</lei>
        <title>Highways 2021 PLC</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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        <name>SABRE GLBL INC</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL Inc 2024 Term Loan B1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FERRELLGAS LP/FERRELLGAS</name>
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        <title>Ferrellgas LP / Ferrellgas Finance Corp</title>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4905150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNC Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>BNC Mortgage Loan Trust 2007-1</title>
        <cusip>05569GAD8</cusip>
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          <isin value="US05569GAD88"/>
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        <balance>2412369.88000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.43000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>31398NTE4</cusip>
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        <balance>338334.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>337796.10000000</valUSD>
        <pctVal>0.038732825654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.87000000</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>BLACKSTONE PP EUR HOLD</name>
        <lei>213800Y3B5GQFBGVHP79</lei>
        <title>Blackstone Property Partners Europe Holdings Sarl</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2338355014"/>
        </identifiers>
        <balance>935000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85106400"/>
        <valUSD>1045813.89000000</valUSD>
        <pctVal>0.119916503088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</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>Banc of America Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Banc of America Alternative Loan Trust 2003-8</title>
        <cusip>05948XTV3</cusip>
        <identifiers>
          <isin value="US05948XTV37"/>
        </identifiers>
        <balance>2101389.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2122831.46000000</valUSD>
        <pctVal>0.243410924030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06051GJS9</cusip>
        <identifiers>
          <isin value="US06051GJS93"/>
        </identifiers>
        <balance>1495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1465369.10000000</valUSD>
        <pctVal>0.168024100545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.73000000</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>Genesys Cloud Services Holdings II LLC</name>
        <lei>254900CRMBG6WX4HX396</lei>
        <title>Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B</title>
        <cusip>39479UAY9</cusip>
        <identifiers>
          <isin value="US39479UAY91"/>
        </identifiers>
        <balance>37626.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37434.60000000</valUSD>
        <pctVal>0.004292375889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.66000000</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>Invitation Homes Operating Partnership LP</name>
        <lei>549300147YMUQB3GW319</lei>
        <title>Invitation Homes Operating Partnership LP 2024 Term Loan</title>
        <cusip>46187CAJ0</cusip>
        <identifiers>
          <isin value="US46187CAJ09"/>
        </identifiers>
        <balance>954196.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>954196.13000000</valUSD>
        <pctVal>0.109411305648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13000000</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>HEALTHPEAK PROPERTIES INC</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
        <title>Healthpeak Properties Inc Term Loan A2</title>
        <cusip>42250UAE2</cusip>
        <identifiers>
          <isin value="US42250UAE29"/>
        </identifiers>
        <balance>331628.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329141.38000000</valUSD>
        <pctVal>0.037740446640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.10000000</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>First Horizon Alternative Mortgage Securities</name>
        <lei>N/A</lei>
        <title>First Horizon Alternative Mortgage Securities Trust 2004-AA3</title>
        <cusip>32051D6B3</cusip>
        <identifiers>
          <isin value="US32051D6B35"/>
        </identifiers>
        <balance>677.33000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>691.41000000</valUSD>
        <pctVal>0.000079279372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.10000000</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>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
        <cusip>31398RCR4</cusip>
        <identifiers>
          <isin value="US31398RCR49"/>
        </identifiers>
        <balance>272386.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276755.18000000</valUSD>
        <pctVal>0.031733670507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>SOUTHERN CO GAS CAPITAL</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
        <title>Southern Co Gas Capital Corp</title>
        <cusip>001192AL7</cusip>
        <identifiers>
          <isin value="US001192AL76"/>
        </identifiers>
        <balance>1950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1949298.00000000</valUSD>
        <pctVal>0.223512999657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.88000000</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>2025-11-03</ncom:dateSigned>
      <ncom:nameOfApplicant>TCW Metropolitan West Funds</ncom:nameOfApplicant>
      <ncom:signature>Richard Villa</ncom:signature>
      <ncom:signerName>Richard Villa</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
