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        <fairValLevel>2</fairValLevel>
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        <name>TCFAT 2016-PT1 1.93% 06/15/22</name>
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        <name>SDART 2020-1 A2B V/R 07/15/21</name>
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        <name>ATCLO 2013-1A AR V/R 11/17/27</name>
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        <cusip>04941GAL2</cusip>
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        <name>RBIT 2019-1 M2 V/R 02/25/22</name>
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        <cusip>76971DAC0</cusip>
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        <valUSD>4458195.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.87170000</annualizedRt>
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        <name>FHR 2432 FH V/R 03/15/32</name>
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        <identifiers>
          <isin value="US31339NNP77"/>
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        <balance>79086.70000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>TRTX 2019-FL3 C V/R 05/15/24</name>
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        <title>TRTX 2019-FL3 ISSUER LTD SER 2019-FL3 CL C V/R REGD P/P 2.29388000</title>
        <cusip>87276VAG0</cusip>
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          <isin value="US87276VAG05"/>
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        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
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        <name>UMBS P#761756 V/R 02/01/34</name>
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        <identifiers>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WELLS FARGO BANK  V/R 05/27/22</name>
        <lei>N/A</lei>
        <title>WELLS FARGO BANK NA REGD V/R SER BKNT 0.98925000</title>
        <cusip>94988J5W3</cusip>
        <identifiers>
          <isin value="US94988J5W36"/>
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        <balance>6430000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.98925000</annualizedRt>
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      <invstOrSec>
        <name>ABBVIE INC V/R 05/21/21</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD V/R 144A P/P 0.72413000</title>
        <cusip>00287YBT5</cusip>
        <identifiers>
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        <name>BCRK 2015-1A XR V/R 04/20/31</name>
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        <title>BEAN CREEK CLO LTD SER 2015-1A CL XR V/R REGD 144A P/P 1.73525000</title>
        <cusip>07378WAN8</cusip>
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        <name>HPA 2017-1 D V/R 07/17/22</name>
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        <title>HOME PARTNERS OF AMERICA 2017-1 TRUST SER 2017-1 CL D V/R REGD 144A P/P 2.09388000</title>
        <cusip>43730TAG8</cusip>
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          <isin value="US43730TAG85"/>
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        <name>SOFI 2018-A A1 V/R 09/25/26</name>
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        <title>SOFI PROFESSIONAL LOAN PROGRAM 2018-A LLC SER 2018-A CL A1 V/R REGD 144A P/P 0.53450000</title>
        <cusip>83406EAA3</cusip>
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          <isin value="US83406EAA38"/>
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        <name>FHLMC P#865451 V/R 06/01/35</name>
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        <cusip>31348UBU2</cusip>
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        <issuerCat>USGA</issuerCat>
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          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>BAT CAPITAL CORP V/R 08/14/20</name>
        <lei>N/A</lei>
        <title>BAT CAPITAL CORP REGD V/R 1.01400000</title>
        <cusip>05526DAT2</cusip>
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          <isin value="US05526DAT28"/>
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        <valUSD>800057.92000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-14</maturityDt>
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        <name>DRB 2015-D A1 V/R 02/25/25</name>
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        <title>DRB PRIME STUDENT LOAN TRUST 2015-D SER 2015-D CL A1 V/R REGD 144A P/P 1.88450000</title>
        <cusip>23341KAA3</cusip>
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          <isin value="US23341KAA34"/>
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        <valUSD>496381.48000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.88450000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>CAS 2018-C06 1M2 V/R 03/25/31</name>
        <lei>N/A</lei>
        <title>FANNIE MAE CONNECTICUT AVENUE SECURITIES SER 2018-C06 CL 1M2 V/R REGD 2.18450000</title>
        <cusip>30711X3H5</cusip>
        <identifiers>
          <isin value="US30711X3H56"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>HEAT 2005-7 M1 V/R 01/25/36</name>
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        <name>FNR 2006-104 GF V/R 11/25/36</name>
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        <name>CWL 2006-4 2A3 V/R 07/25/36</name>
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        <name>SANDERS RE LTD V/R 12/06/21</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>FHR 2411 FR V/R 06/15/31</name>
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        <identifiers>
          <isin value="US31339D4M75"/>
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        <balance>110072.25000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CGCMT 2019-SST2  V/R 02/15/22</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>DRSLF 2019-80A X V/R 01/17/33</name>
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        <cusip>26245JAA6</cusip>
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          <isin value="US26245JAA60"/>
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        <debtSec>
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        <name>T/L CLEAR CHANNEL 0% 8/21/26</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX182154"/>
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        <curCd>USD</curCd>
        <valUSD>905656.25000000</valUSD>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CAS 2018-C05 1M2 V/R 01/25/31</name>
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        <title>FANNIE MAE CONNECTICUT AVENUE SECURITIES SER 2018-C05 CL 1M2 V/R REGD 2.53450000</title>
        <cusip>30711XY24</cusip>
        <identifiers>
          <isin value="US30711XY248"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>GSMS 2020-DUNE A V/R 12/15/21</name>
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          <isin value="US36258BAA61"/>
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        <debtSec>
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      <invstOrSec>
        <name>DEFT 2020-1 A2 2.26% 03/22/22</name>
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        <cusip>24703NAB5</cusip>
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          <isin value="US24703NAB55"/>
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        <curCd>USD</curCd>
        <valUSD>2034219.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.26000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TORONTO-DOMINIO 3.15% 09/17/20</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO-DOMINION BANK REGD MTN SER GMTN 3.15000000</title>
        <cusip>89114QC71</cusip>
        <identifiers>
          <isin value="US89114QC716"/>
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        <balance>2070000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2082293.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>BABSN 2019-1A X V/R 04/15/31</name>
        <lei>N/A</lei>
        <title>BARINGS CLO LTD 2019-I SER 2019-1A CL X V/R REGD 144A P/P 1.96888000</title>
        <cusip>06759JAA6</cusip>
        <identifiers>
          <isin value="US06759JAA60"/>
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        <curCd>USD</curCd>
        <valUSD>1249994.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.96888000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CWALT 04-6CB A V/R 5/25/34</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN TRUST SER 2004-6CB CL A REGD V/R 0.76450000</title>
        <cusip>12667FCW3</cusip>
        <identifiers>
          <isin value="US12667FCW32"/>
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        <balance>28574.93000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28523.97000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.76450000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FHR 3239 FB V/R 11/15/36</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 3239 CL FB V/R 0.53475000</title>
        <cusip>31397CV89</cusip>
        <identifiers>
          <isin value="US31397CV898"/>
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        <balance>139230.96000000</balance>
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        <valUSD>139038.85000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>BECTON DICKINSON  V/R 06/06/22</name>
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        <title>BECTON DICKINSON AND CO REGD V/R SER 5FRN 1.34763000</title>
        <cusip>075887BU2</cusip>
        <identifiers>
          <isin value="US075887BU29"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>COMCAST CORP V/R 10/01/21</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP REGD V/R 1.87338000</title>
        <cusip>20030NCW9</cusip>
        <identifiers>
          <isin value="US20030NCW92"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>1.87338000</annualizedRt>
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        <name>FNR 1999-49 FB V/R 03/25/23</name>
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        <title>FANNIE MAE REMICS 1999-49 FB__  V/R 0.68450000</title>
        <cusip>31359W6A4</cusip>
        <identifiers>
          <isin value="US31359W6A42"/>
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        <debtSec>
          <maturityDt>2023-03-25</maturityDt>
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        <name>BSABS 2005-TC1 M V/R 05/25/35</name>
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        <title>BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-TC1 SER 2005-TC1 CL M1 V/R REGD 0.84450000</title>
        <cusip>073879VF2</cusip>
        <identifiers>
          <isin value="US073879VF29"/>
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        <valUSD>175584.36000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.84450000</annualizedRt>
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      <invstOrSec>
        <name>FFML 2005-FFH2 M V/R 04/25/35</name>
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        <title>FIRST FRANKLIN MORTGAGE LOAN TRUST 2005-FFH2 SER 2005-FFH2 CL M2 V/R REGD 144A P/P 0.99450000</title>
        <cusip>32027NTV3</cusip>
        <identifiers>
          <isin value="US32027NTV37"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <name>ANNSA 2016-2A X V/R 07/20/31</name>
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        <name>OR 2020-4A A1 V/R 05/20/29</name>
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        <name>IHSFR 2018-SFR1  V/R 03/17/20</name>
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        <name>MATTERHORN RE LTD V/R 12/07/21</name>
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        <name>EMIR 2020-1 M1A V/R 01/25/30</name>
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        <name>FNR 2003-7 FA V/R 02/25/33</name>
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        <name>T/L GRIFOLS 0% 11/15/2027</name>
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        <name>VOLKSWAGEN GROUP  V/R 11/12/21</name>
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        <name>NCHET 2005-2 M2 V/R 06/25/35</name>
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        <name>ARIFL 2017-A A 1.91% 04/15/26</name>
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        <name>NHEL 2003-1 A2 V/R 05/25/33</name>
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        <cusip>66987XCE3</cusip>
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        <name>SWEDBANK AB</name>
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        <title>SWEDBANK AB                     FRN 24/08/20 USD1000 0.67950000</title>
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        <name>T/L RACKSPACE HOST 0% 11/03/23</name>
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        <name>STACR 2017-DNA1  V/R 07/25/29</name>
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        <name>FREED 2020-2CP 4.52% 11/18/21</name>
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        <name>FNR 2002-82 FB V/R 12/25/32</name>
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        <name>FFML 2004-FF4 M1 V/R 06/25/34</name>
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        <name>IHPT 2018-STAY A V/R 01/15/21</name>
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      <invstOrSec>
        <name>GOLDMAN SACHS GRO V/R 02/25/21</name>
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      <invstOrSec>
        <name>DOMINION ENERGY  2.8% 11/15/20</name>
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        <title>DOMINION ENERGY GAS HLDG REGD 2.80000000</title>
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          <isin value="US257375AK17"/>
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        <name>STACR 2018-HRP1  V/R 04/25/43</name>
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        <title>STACR TRUST 2018-HRP1 SER 2018-HRP1 CL B1 V/R REGD 144A P/P 3.93450000</title>
        <cusip>3137G0VA4</cusip>
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          <isin value="US3137G0VA44"/>
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        <debtSec>
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      <invstOrSec>
        <name>VIRIBUS RE 2018 0% 12/31/21</name>
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          <other otherDesc="CLIENT ID" value="BNR3MUHU9"/>
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        <fairValLevel>3</fairValLevel>
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        <name>T/L DTI HOLDCO INC 0% 09/29/23</name>
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        <name>VZOT 2019-C A1B V/R 11/21/22</name>
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        <name>VITALITY RE X LTD V/R 01/10/23</name>
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        <name>T/L US FOODS INC 0% 9/13/26</name>
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        <name>KENDALL RE LTD V/R 05/06/21</name>
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          <isin value="US48878QAA85"/>
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      <invstOrSec>
        <name>CHEVRON CORP V/R 03/03/22</name>
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        <name>FHLT 2006-2 1A1 V/R 02/25/36</name>
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        <name>CYPRESS 2017 0% 1/10/21</name>
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        <name>CAS 2016-C03 2M2 V/R 10/25/28</name>
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        <name>US BANK NA CINCIN V/R 04/26/21</name>
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        <name>CAS 2018-C04 2M2 V/R 12/25/30</name>
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        <name>BCCFC 2019-1A A 2.3% 10/20/20</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ORIX 2018-CRE1 A V/R 11/15/23</name>
        <lei>N/A</lei>
        <title>OREC 2018-CRE1 LTD SER 2018-CRE1 CL A V/R REGD 144A P/P 1.36475000</title>
        <cusip>685785AA5</cusip>
        <identifiers>
          <isin value="US685785AA56"/>
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        <balance>12950000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12395629.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.36475000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HEAT 2006-3 2A4 V/R 07/25/36</name>
        <lei>N/A</lei>
        <title>HOME EQUITY ASSET TRUST 2006-3 SER 2006-3 CL 2A4 V/R REGD 0.49450000</title>
        <cusip>437084UP9</cusip>
        <identifiers>
          <isin value="US437084UP91"/>
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        <balance>2839989.80000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2835235.37000000</valUSD>
        <pctVal>0.058055019398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.49450000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GEWMC 2005-2 A1 V/R 12/25/35</name>
        <lei>N/A</lei>
        <title>GE-WMC ASSET-BACKED PASS-THROUGH CERTIFICATES  SER 2005-2 CL A1 V/R REGD 0.63450000</title>
        <cusip>367910AR7</cusip>
        <identifiers>
          <isin value="US367910AR76"/>
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        <balance>891364.33000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>891177.41000000</valUSD>
        <pctVal>0.018247981233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.63450000</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>CITIGROUP INC V/R 08/02/21</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC REGD V/R SER 5FRN 1.74613000</title>
        <cusip>172967KW0</cusip>
        <identifiers>
          <isin value="US172967KW08"/>
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        <balance>1620000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1635134.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.74613000</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>OMIR 2018-1A M1 V/R 07/25/28</name>
        <lei>N/A</lei>
        <title>OAKTOWN RE II LTD SER 2018-1A CL M1 V/R REGD 144A P/P 1.73450000</title>
        <cusip>67400CAA6</cusip>
        <identifiers>
          <isin value="US67400CAA62"/>
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        <balance>5356955.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5329854.16000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.73450000</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>UACST 2018-1 E 4.84% 08/10/23</name>
        <lei>N/A</lei>
        <title>UNITED AUTO CREDIT SECURITIZATION TRUST 2018-1 SER 2018-1 CL E REGD 144A P/P 4.84000000</title>
        <cusip>90943TAE7</cusip>
        <identifiers>
          <isin value="US90943TAE73"/>
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        <balance>12000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12210541.20000000</valUSD>
        <pctVal>0.250026228415</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.84000000</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>ACE 2005-WF1 M2 V/R 05/25/35</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIE SER 2005-WF1 CL M2 V/R REGD 0.84450000</title>
        <cusip>004421QQ9</cusip>
        <identifiers>
          <isin value="US004421QQ96"/>
        </identifiers>
        <balance>645239.64000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>651036.34000000</valUSD>
        <pctVal>0.013330790010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.84450000</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>ACAR 2020-2 A 1.65% 12/13/23</name>
        <lei>N/A</lei>
        <title>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2020-2 SER 2020-2 CL A REGD 144A P/P 1.65000000</title>
        <cusip>02529WAA5</cusip>
        <identifiers>
          <isin value="US02529WAA53"/>
        </identifiers>
        <balance>5452096.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5479566.77000000</valUSD>
        <pctVal>0.112201039283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</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>HFLF 2019-1 A1 V/R 07/10/22</name>
        <lei>N/A</lei>
        <title>HERTZ FLEET LEASE FUNDING LP SER 2019-1 CL A1 V/R REGD 144A P/P 0.64663000</title>
        <cusip>428041BJ5</cusip>
        <identifiers>
          <isin value="US428041BJ51"/>
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        <balance>344426.11000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>340182.64000000</valUSD>
        <pctVal>0.006965668520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.64663000</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>XCALI 2020-1 A V/R 01/22/23</name>
        <lei>N/A</lei>
        <title>XCALI 2020-1 MORTGAGE TRUST SER 2020-1 CL A V/R REGD 144A P/P 4.05000000</title>
        <cusip>98370AAA1</cusip>
        <identifiers>
          <isin value="US98370AAA16"/>
        </identifiers>
        <balance>14200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13736533.30000000</valUSD>
        <pctVal>0.281272840921</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CFIP 2018-1A X V/R 07/18/31</name>
        <lei>N/A</lei>
        <title>CFIP CLO LTD SER 2018-1A CL X V/R REGD 144A P/P 1.88525000</title>
        <cusip>12528VAA7</cusip>
        <identifiers>
          <isin value="US12528VAA70"/>
        </identifiers>
        <balance>187500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>187499.25000000</valUSD>
        <pctVal>0.003839283578</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.88525000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RAAC 2006-RP1 M2 V/R 10/25/45</name>
        <lei>N/A</lei>
        <title>RAAC SERIES 2006-RP1 TRUST SER 2006-RP1 CL M2 V/R REGD 1.38450000</title>
        <cusip>76112B2W9</cusip>
        <identifiers>
          <isin value="US76112B2W92"/>
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        <balance>6579843.05000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6467241.54000000</valUSD>
        <pctVal>0.132424925645</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.38450000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNR 2007-2 FT V/R 02/25/37</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2007-2 CL FT V/R 0.43450000</title>
        <cusip>31396PJX0</cusip>
        <identifiers>
          <isin value="US31396PJX06"/>
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        <balance>141669.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141375.18000000</valUSD>
        <pctVal>0.002894835082</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.43450000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CMLTI 2006-WFH1  V/R 01/25/36</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST INC SER 2006-WFH1 CL M3 V/R REGD 0.78450000</title>
        <cusip>17307G2Q0</cusip>
        <identifiers>
          <isin value="US17307G2Q06"/>
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        <balance>1540981.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1536618.80000000</valUSD>
        <pctVal>0.031464207587</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.78450000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CLNY 2019-IKPR E V/R 11/15/21</name>
        <lei>N/A</lei>
        <title>CLNY TRUST 2019-IKPR SER 2019-IKPR CL E V/R REGD 144A P/P 2.90575000</title>
        <cusip>12564NAN2</cusip>
        <identifiers>
          <isin value="US12564NAN21"/>
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        <balance>3290000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2723006.34000000</valUSD>
        <pctVal>0.055756988489</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.90575000</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>
      <invstOrSec>
        <name>JPMCC 2018-WPT B V/R 07/05/23</name>
        <lei>N/A</lei>
        <title>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURI SER 2018-WPT CL BFL V/R REGD 144A P/P 1.42363000</title>
        <cusip>46645WAC7</cusip>
        <identifiers>
          <isin value="US46645WAC73"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2646543.48000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-05</maturityDt>
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        <name>STACR 2020-HQA2  V/R 03/25/50</name>
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        <name>KEY BANK NA V/R 02/01/22</name>
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        <name>RBIT 2019-1 M1 V/R 12/25/21</name>
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        <name>HENDR 2006-2A A1 V/R 06/15/41</name>
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        <name>FNR 2003-49 FY V/R 06/25/23</name>
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        <name>HENDR 2006-1A A1 V/R 03/15/41</name>
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        <name>BARCLAYS PLC V/R 02/15/23</name>
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        <name>VEROS 2018-1 A 3.63% 05/15/23</name>
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        <name>T/L GBT US LLC 0% 02/26/2027</name>
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        <name>MMAF 2019-B A2 2.07% 10/12/22</name>
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        <name>SOFI 2016-A A1 V/R 08/25/36</name>
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        <cusip>78469PAA2</cusip>
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        <name>CAS 2017-C06 2M2 V/R 02/25/30</name>
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        <cusip>30711XST2</cusip>
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          <isin value="US30711XST27"/>
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        <name>STACR 2015-DNA3  V/R 04/25/28</name>
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        <name>MATTERHORN RE LTD ZCP 12/07/20</name>
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        <name>CNFHE 2002-C MV1 V/R 05/15/32</name>
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        <cusip>20846QKM9</cusip>
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        <name>CWHEL 2006-RES 4 V/R 02/15/34</name>
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        <name>LONGPOINT RE LTD  V/R 06/01/22</name>
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        <name>PANGAEA 2016-2 0% 11/30/20</name>
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        <name>WELLS FARGO &amp; CO 2.5% 03/04/21</name>
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        <name>FNR 2007-41 FA V/R 05/25/37</name>
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        <name>GALILEI RE LTD V/R 01/08/21</name>
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        <name>AMERICAN HONDA FI V/R 02/12/21</name>
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        <name>IHSFR 2018-SFR2  V/R 06/17/20</name>
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        <name>T/L AXALTA COAT 0% 6/1/24</name>
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        <name>SAIL 2005-HE1 M1 V/R 07/25/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNR 2004-91 HF V/R 11/25/34</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>MDPK 2014-12A CR V/R 07/20/26</name>
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        <cusip>55818PAS9</cusip>
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        <invCountry>KY</invCountry>
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        <debtSec>
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        <name>HMIR 2018-1 M1 V/R 10/25/25</name>
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        <cusip>43730MAA6</cusip>
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        <name>PEPAU 21A A1U V/R 01/16/60</name>
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        <cusip>71336WAA3</cusip>
        <identifiers>
          <isin value="US71336WAA36"/>
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        <name>BRASS 8A A1 V/R 11/16/66</name>
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        <cusip>10554MAA8</cusip>
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        <name>MATTERHORN RE LTD V/R 12/07/21</name>
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        <name>CGDB 2019-MOB C V/R 11/15/21</name>
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        <name>CAS 2017-C01 1M2 V/R 07/25/29</name>
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        <name>T/L REGIONALCARE H 0% 11/16/25</name>
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        <name>GLM 2018-3A X V/R 04/20/30</name>
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        <title>GOLDENTREE LOAN MANAGEMENT US CLO 3 LTD SER 2018-3A CL X V/R REGD 144A P/P 1.68525000</title>
        <cusip>38138BAA8</cusip>
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        <name>RAMP 2006-EFC2 A V/R 12/25/36</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOWLINE RE 2018 V/R 05/23/22</name>
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        <name>FNR 2006-70 BF V/R 08/25/36</name>
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        <name>CCCIT 2017-A7 A7 V/R 08/08/22</name>
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        <cusip>17305EGF6</cusip>
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        <name>SASC 2005-AR1 M1 V/R 09/25/35</name>
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        <name>GNR 2009-66 UF V/R 08/16/39</name>
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        <name>MSC 2017-ASHF B V/R 11/15/19</name>
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        <name>KILIMANJARO II RE V/R 04/20/21</name>
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        <name>LLOYDS BANK CORPORATE V/R 07/19/2021</name>
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        <name>FHR 2186 FY V/R 04/15/28</name>
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        <name>CAS 2017-C05 1M2 V/R 01/25/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LDPT 2019-1 A 3.154% 01/15/21</name>
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          <isin value="US52606BAA26"/>
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      <invstOrSec>
        <name>FREMF 2014-KF03  V/R 01/25/21</name>
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        <name>GPMT 2018-FL1 AS V/R 12/19/20</name>
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        <cusip>36255CAC3</cusip>
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          <isin value="US36255CAC38"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>USAA CAPITAL CO 2.45% 08/01/20</name>
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          <isin value="US90327QCX51"/>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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      <invstOrSec>
        <name>T/L VIZIENT INC 0% 05/06/26</name>
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          <other otherDesc="LOANX" value="LX186059"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>T/L CALPINE CORP 0% 08/12/26</name>
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          <isin value="US13134MBS17"/>
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        <curCd>USD</curCd>
        <valUSD>477795.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNR 2010-17 AF V/R 10/20/38</name>
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        <cusip>38376VWC7</cusip>
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          <isin value="US38376VWC70"/>
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        <curCd>USD</curCd>
        <valUSD>67.69000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>BMIR 2019-4A M1B V/R 10/25/29</name>
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        <cusip>07876LAB5</cusip>
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        <name>UBS GROUP AG 3% 04/15/21</name>
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          <isin value="US90351DAD93"/>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>LSTRZ 2019-2 A1 V/R 04/01/21</name>
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        <name>MSAC 2006-NC2 A2 V/R 02/25/36</name>
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        <cusip>617451EF2</cusip>
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        <name>PORTRUSH2017 0% 6/15/21</name>
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        <name>T/L VIRGIN MEDIA 0% 01/31/28</name>
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        <name>PEPPER I-PRIME 2018-2 TRUST</name>
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        <debtSec>
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        <name>LCM 28A X V/R 10/20/30</name>
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      <invstOrSec>
        <name>HENDR 2006-3A A1 V/R 09/15/41</name>
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      <invstOrSec>
        <name>ABSHE 2006-HE1 A V/R 01/25/36</name>
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        <title>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST SERIES SER 2006-HE1 CL A3 V/R REGD 0.38450000</title>
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          <isin value="US04541GVJ83"/>
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      <invstOrSec>
        <name>FHR 3173 FC V/R 06/15/36</name>
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          <isin value="US31396RS811"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>MIZUHO FINANCIAL  V/R 09/13/23</name>
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        <identifiers>
          <isin value="US60687YBB48"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-13</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>CGMS 2019-4A M V/R 01/15/33</name>
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        <title>CARLYLE US CLO 2019-4 LTD SER 2019-4A CL M V/R REGD 144A P/P 2.20904000</title>
        <cusip>14317VAA8</cusip>
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          <isin value="US14317VAA89"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>STACR 2017-HQA1  V/R 08/25/29</name>
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        <title>FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES SER 2017-HQA1 CL M2 V/R REGD 3.73450000</title>
        <cusip>3137G0NE5</cusip>
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          <isin value="US3137G0NE57"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>RMIR 2018-1 M1 V/R 03/25/28</name>
        <lei>N/A</lei>
        <title>RADNOR RE 2018-1 LTD SER 2018-1 CL M1 V/R REGD 144A P/P 1.58450000</title>
        <cusip>750496AA9</cusip>
        <identifiers>
          <isin value="US750496AA90"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.58450000</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>GNR 2009-88 MF V/R 07/20/39</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2009-88 CL MF V/R 0.79000000</title>
        <cusip>38376EDC6</cusip>
        <identifiers>
          <isin value="US38376EDC66"/>
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        <balance>594675.58000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595343.88000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.79000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PANGAEA 2017-1 V/R 11/30/21</name>
        <lei>N/A</lei>
        <title>PANGAEA 2017-1 V/R             931DSDII0                      BNR30QU11 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CLIENT ID" value="BNR30QU11"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>OAKC 2019-3A X V/R 07/20/32</name>
        <lei>N/A</lei>
        <title>OHA CREDIT FUNDING 3 LTD SER 2019-3A CL X V/R REGD 144A P/P 1.78525000</title>
        <cusip>67112RAA2</cusip>
        <identifiers>
          <isin value="US67112RAA23"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.78525000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FNR 2010-43 FD V/R 05/25/40</name>
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        <title>FANNIE MAE REMICS SER 2010-43_  CL FD V/R 0.78450000</title>
        <cusip>31398RCX1</cusip>
        <identifiers>
          <isin value="US31398RCX17"/>
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        <curCd>USD</curCd>
        <valUSD>69447.54000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>CRVNA 2020-N1A 3.43% 01/15/24</name>
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        <title>CARVANA AUTO RECEIVABLES TRUST 2020-NP1 SER 2020-N1A CL D REGD 144A P/P 3.43000000</title>
        <cusip>14687PAG0</cusip>
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          <isin value="US14687PAG00"/>
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        <valUSD>5104146.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>MSC 2017-CLS C V/R 11/15/19</name>
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        <title>MORGAN STANLEY CAPITAL I TRUST 2017-CLS SER 2017-CLS CL C V/R REGD 144A P/P 1.18475000</title>
        <cusip>61691LAJ8</cusip>
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          <isin value="US61691LAJ89"/>
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        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>FHR 3175 FE V/R 06/15/36</name>
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        <title>FREDDIE MAC REMICS SER 3175 CL FE V/R 0.49475000</title>
        <cusip>31396RZY6</cusip>
        <identifiers>
          <isin value="US31396RZY60"/>
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        <valUSD>700367.83000000</valUSD>
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        <debtSec>
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        <name>ST. ANDREWS 2017-4 0% 06/01/21</name>
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        <title>ST. ANDREWS 2017-4 ARTEX SAC LIMITED ZCP /931QWXII2/ /BNR36B755/ 0.00000000</title>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>T/L NCR CORPORATI 0% 08/28/26</name>
        <lei>N/A</lei>
        <title>T/L NCR CORPORATION REGD 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="LOANX" value="LX182096"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>BANC 2018-CRE4 A V/R 08/15/21</name>
        <lei>N/A</lei>
        <title>BANCORP COMMERCIAL MORTGAGE 2018 CRE4 TRUST SER 2018-CRE4 CL A V/R REGD 144A P/P 1.08475000</title>
        <cusip>05972LAA4</cusip>
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        <name>FHR 2577 FA V/R 02/15/33</name>
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          <isin value="US31393LBU61"/>
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        <name>FHR 3708 PF V/R 07/15/40</name>
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          <isin value="US3137A1K360"/>
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        <debtSec>
          <maturityDt>2040-07-15</maturityDt>
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        <name>FNR 2007-50 FN V/R 06/25/37</name>
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        <cusip>31396V5C8</cusip>
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          <isin value="US31396V5C86"/>
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        <debtSec>
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        <name>FHR 2439 F V/R 03/15/32</name>
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        <identifiers>
          <isin value="US31339WXS06"/>
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        <name>MOTOR 2017-1A A1 V/R 09/25/24</name>
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        <cusip>62006FAA8</cusip>
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        <name>SASC 2007-TC1 A V/R 4/25/31</name>
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        <name>HASC 2006-OPT1 2 V/R 12/25/35</name>
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        <name>HENDR 2007-1A A1 V/R 03/15/42</name>
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        <name>IHSFR 2018-SFR1  V/R 03/17/20</name>
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        <name>VITALITY RE XI LT V/R 01/09/24</name>
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        <name>TORONTO-DOMINION  V/R 12/01/22</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CELESTICA INC 0% 06/27/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTR 2017-1A  4.05% 07/20/21</name>
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        <name>PEPAU 18A A1UA V/R 03/12/47</name>
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        <name>T/L HC GROUP HOLDI 0% 08/06/26</name>
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          <other otherDesc="LOANX" value="LX180310"/>
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        <name>T/L RPI INTERMED 0% 02/11/2027</name>
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          <other otherDesc="LOANX" value="LX185385"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>OSCAR 2018-2A  3.15% 07/10/20</name>
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        <cusip>68784XAB2</cusip>
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        <name>T/L VICI PROPER 0% 12/20/24</name>
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        <name>XAN 2020-RSO8 A V/R 10/15/24</name>
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        <name>LDPT 2020-1 A 2.512% 05/10/21</name>
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        <cusip>52606TAA3</cusip>
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          <isin value="US52606TAA34"/>
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        <name>CAELUS RE VI LTD V/R 06/07/24</name>
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        <name>FHR 3222 FN V/R 09/15/36</name>
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        <name>KIZUNA II RE LTD V/R 04/11/23</name>
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        <title>KIZUNA II RE LTD REGD V/R 144A P/P SER B 2.57372200</title>
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        <name>T/L ZIGGO FINANCE 0% 04/30/28</name>
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        <name>DRB 2016-B A1 V/R 06/25/40</name>
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      <invstOrSec>
        <name>NEW YORK LIFE G 2.95% 01/28/21</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NHLT 2019-1A A V/R 10/25/21</name>
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        <cusip>63862VAA4</cusip>
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      <invstOrSec>
        <name>GCBDC 2014-1A A1 V/R 04/25/26</name>
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        <cusip>38174AAL1</cusip>
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          <isin value="US38174AAL17"/>
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        <name>BX 2019-ATL B V/R 10/15/21</name>
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        <cusip>056058AG5</cusip>
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          <isin value="US056058AG54"/>
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          <maturityDt>2036-10-15</maturityDt>
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        <name>BALTA 2004-12 1A V/R 01/25/35</name>
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        <cusip>07386HNR8</cusip>
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          <isin value="US07386HNR83"/>
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        <name>COOPERAT RABOBANK V/R 01/10/22</name>
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        <cusip>21688AAK8</cusip>
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          <isin value="US21688AAK88"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-10</maturityDt>
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      <invstOrSec>
        <name>FHR 3982 FL V/R 12/15/39</name>
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        <cusip>3137AKAK7</cusip>
        <identifiers>
          <isin value="US3137AKAK75"/>
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        <balance>397210.42000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TRANSCANADA PIPE 3.8% 10/01/20</name>
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          <isin value="US893526DK63"/>
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        <valUSD>5039674.75000000</valUSD>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FNR 2009-113 FB V/R 01/25/40</name>
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        <cusip>31398GWG0</cusip>
        <identifiers>
          <isin value="US31398GWG09"/>
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        <balance>64041.35000000</balance>
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        <valUSD>64259.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-25</maturityDt>
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      <invstOrSec>
        <name>IHSFR 2017-SFR2  V/R 12/17/19</name>
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        <cusip>46187BAC7</cusip>
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        <balance>2067000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>FNR 2003-31 FM V/R 04/25/33</name>
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        <cusip>31393ALV7</cusip>
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          <isin value="US31393ALV79"/>
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      <invstOrSec>
        <name>FHR 3102 FG V/R 01/15/36</name>
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        <cusip>31396H5Q8</cusip>
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          <isin value="US31396H5Q89"/>
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        <name>FHR 3780 FE V/R 12/15/20__</name>
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        <cusip>3137A4QS9</cusip>
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          <isin value="US3137A4QS99"/>
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        <name>RAMP 2006-RZ4 A3 V/R 10/25/36</name>
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        <cusip>75156XAC5</cusip>
        <identifiers>
          <isin value="US75156XAC56"/>
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        <name>XCALI 2020-2 A V/R 02/07/23</name>
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        <cusip>98400WAA7</cusip>
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          <isin value="US98400WAA71"/>
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        <name>SUMITOMO MITSUI F V/R 10/18/22</name>
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        <cusip>86562MAT7</cusip>
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          <isin value="US86562MAT71"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>RESIDENTIAL RE 20 V/R 06/06/24</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL RE 2020 LTD REGD V/R 144A P/P SER 13 0.63692200</title>
        <cusip>76124AAB4</cusip>
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          <isin value="US3137AAS798"/>
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        <balance>30989.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30951.35000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CHC 2019-CHC C V/R 06/15/21</name>
        <lei>N/A</lei>
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        <cusip>162665AJ2</cusip>
        <identifiers>
          <isin value="US162665AJ29"/>
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        <balance>14935550.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13589790.39000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>T/L BASS PRO GROUP 0% 09/25/24</name>
        <lei>N/A</lei>
        <title>T/L BASS PRO GROUP LLC REGD 0.00000000</title>
        <cusip>07014QAK7</cusip>
        <identifiers>
          <isin value="US07014QAK76"/>
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        <balance>731250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>706753.13000000</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>2024-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>RASC 2005-KS11 M V/R 12/25/35</name>
        <lei>N/A</lei>
        <title>RASC SERIES 2005-KS11 TRUST SER 2005-KS11 CL M1 V/R REGD 0.58450000</title>
        <cusip>76110W7D2</cusip>
        <identifiers>
          <isin value="US76110W7D25"/>
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        <curCd>USD</curCd>
        <valUSD>51854.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MSBT 2018-16 A V/R 08/04/21</name>
        <lei>N/A</lei>
        <title>BTH-16 MORTGAGE-BACKED SECURITIES TRUST SER 2018-16 CL A V/R REGD 144A P/P 2.67263000</title>
        <cusip>11778MAA6</cusip>
        <identifiers>
          <isin value="US11778MAA62"/>
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        <balance>5700000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5514687.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.67263000</annualizedRt>
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      <invstOrSec>
        <name>MSBT 2018-21 A V/R 10/07/21</name>
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        <title>BTH-21 MORTGAGE-BACKED SECURITIES TRUST SER 2018-21 CL A V/R REGD 144A P/P 2.67263000</title>
        <cusip>11779FAA0</cusip>
        <identifiers>
          <isin value="US11779FAA03"/>
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        <balance>7625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7344115.59000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-07</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.67263000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FHR 2631 FC V/R 06/15/33</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 2631 CL FC V/R 0.58475000</title>
        <cusip>31393RTT7</cusip>
        <identifiers>
          <isin value="US31393RTT76"/>
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        <balance>176088.60000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>176680.89000000</valUSD>
        <pctVal>0.003617764015</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.58475000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>GCAR 2018-3A A 3.35% 08/15/22</name>
        <lei>N/A</lei>
        <title>GLS AUTO RECEIVABLES TRUST 2018-3 SER 2018-3A CL A REGD 144A P/P 3.35000000</title>
        <cusip>36255XAA1</cusip>
        <identifiers>
          <isin value="US36255XAA19"/>
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        <balance>1481562.82000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1488490.76000000</valUSD>
        <pctVal>0.030478725279</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UACST 2019-1 B 3.03% 12/10/20</name>
        <lei>N/A</lei>
        <title>UNITED AUTO CREDIT SECURITIZATION TRUST 2019-1 SER 2019-1 CL B REGD 144A P/P 3.03000000</title>
        <cusip>90945QAB7</cusip>
        <identifiers>
          <isin value="US90945QAB77"/>
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        <balance>8680000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8720199.68000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MFT 2017-1A C 6.658% 03/15/24</name>
        <lei>N/A</lei>
        <title>MARLETTE FUNDING TRUST 2017-1 SER 2017-1A CL C REGD 144A P/P 6.65800000</title>
        <cusip>571085AC3</cusip>
        <identifiers>
          <isin value="US571085AC38"/>
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        <balance>2608284.85000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2600129.79000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TPMT 2019-SJ2 XA V/R 11/25/58</name>
        <lei>N/A</lei>
        <title>TOWD POINT MORTGAGE TRUST 2019-SJ2 SER 2019-SJ2 CL XA V/R REGD 144A P/P 5.00000000</title>
        <cusip>89177KAT2</cusip>
        <identifiers>
          <isin value="US89177KAT25"/>
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        <curCd>USD</curCd>
        <valUSD>2427851.84000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CGCMT 2017-MDRC  V/R 07/15/22</name>
        <lei>N/A</lei>
        <title>CGMS COMMERCIAL MORTGAGE TRUST 2017-MDDR SER 2017-MDRC CL C V/R REGD 144A P/P 1.48475000</title>
        <cusip>125333BU7</cusip>
        <identifiers>
          <isin value="US125333BU71"/>
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        <balance>5700000.00000000</balance>
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        <valUSD>5343193.11000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CIMLT 2018-1A A V/R 03/20/43</name>
        <lei>N/A</lei>
        <title>CIM SMALL BUSINESS LOAN TRUST 2018-1 SER 2018-1A CL A V/R REGD 144A P/P 1.59000000</title>
        <cusip>17181CAA6</cusip>
        <identifiers>
          <isin value="US17181CAA62"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>SOFI 2018-B A1 2.64% 05/25/21</name>
        <lei>N/A</lei>
        <title>SOFI PROFESSIONAL LOAN PROGRAM 2018-B TRUST SER 2018-B CL A1FX REGD 144A P/P 2.64000000</title>
        <cusip>83404RAA6</cusip>
        <identifiers>
          <isin value="US83404RAA68"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>RASC 2005-KS7 M4 V/R 08/25/35</name>
        <lei>N/A</lei>
        <title>RASC SERIES 2005-KS7 TRUST SER 2005-KS7 CL M4 V/R REGD 1.05450000</title>
        <cusip>76110W3A2</cusip>
        <identifiers>
          <isin value="US76110W3A22"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>GOCAP 2015-25A A V/R 05/05/30</name>
        <lei>N/A</lei>
        <title>GOLUB CAPITAL PARTNERS CLO 25M LTD SER 2015-25A CL AR V/R REGD 144A P/P 1.92088000</title>
        <cusip>38175NAA6</cusip>
        <identifiers>
          <isin value="US38175NAA63"/>
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        <balance>1821000.00000000</balance>
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        <valUSD>1726127.72000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-05</maturityDt>
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        <name>FIRST COAST RE II V/R 06/07/23</name>
        <lei>N/A</lei>
        <title>FIRST COAST RE II PTE REGD V/R 144A P/P SER A 5.38220800</title>
        <cusip>31970MAA0</cusip>
        <identifiers>
          <isin value="US31970MAA09"/>
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        <valUSD>678300.00000000</valUSD>
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        <name>FNR 2007-103 AF V/R 03/25/37</name>
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        <name>SYMP 2012-9A XR2 V/R 07/16/32</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IHSFR 2018-SFR2  V/R 06/17/20</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELMW4 2020-1A X V/R 04/15/33</name>
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        <cusip>29002GAA9</cusip>
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          <isin value="US29002GAA94"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.88180000</annualizedRt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PL 3.4% 03/08/21</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC REGD 3.40000000</title>
        <cusip>404280AV1</cusip>
        <identifiers>
          <isin value="US404280AV16"/>
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        <balance>5000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5101418.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMBAC LSNI LLC V/R 02/12/2023</name>
        <lei>N/A</lei>
        <title>AMBAC LSNI LLC VARIABLE REGD  144A 6.00000000</title>
        <cusip>02315QAA6</cusip>
        <identifiers>
          <isin value="US02315QAA67"/>
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        <balance>2.45000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2.42000000</valUSD>
        <pctVal>0.000000049552</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>FNW 2005-W3 3A V/R 04/25/45</name>
        <lei>N/A</lei>
        <title>FANNIE MAE TRUST 2005-W3 SER 2005-W3 CL 3A V/R 3.91828000</title>
        <cusip>31394FSD8</cusip>
        <identifiers>
          <isin value="US31394FSD86"/>
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        <balance>52010.16000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56681.29000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.91828000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CGCC 2014-FL2 A V/R 11/15/31</name>
        <lei>N/A</lei>
        <title>CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 SER 2014-FL2 CL A V/R REGD 144A P/P 2.03875000</title>
        <cusip>12528PAA0</cusip>
        <identifiers>
          <isin value="US12528PAA03"/>
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        <balance>722572.18000000</balance>
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        <curCd>USD</curCd>
        <valUSD>676439.49000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.03875000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>STACR 2017-HRP1  V/R 12/25/42</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES SER 2017-HRP1 CL M2 V/R REGD 2.63450000</title>
        <cusip>3137G0SN0</cusip>
        <identifiers>
          <isin value="US3137G0SN02"/>
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        <balance>6352759.53000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6156137.81000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.63450000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>NFMOT 2020-1A A1 V/R 02/15/23</name>
        <lei>N/A</lei>
        <title>NEXTGEAR FLOORPLAN MASTER OWNER TRUST SER 2020-1A CL A1 V/R REGD 144A P/P 0.98475000</title>
        <cusip>65341KBM7</cusip>
        <identifiers>
          <isin value="US65341KBM71"/>
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        <balance>19500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18599530.95000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.98475000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ABBVIE INC 2.3% 05/14/21</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC REGD 2.30000000</title>
        <cusip>00287YAU3</cusip>
        <identifiers>
          <isin value="US00287YAU38"/>
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        <balance>4962000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5028728.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI F V/R 07/12/22</name>
        <lei>N/A</lei>
        <title>SUMITOMO MITSUI FINL GRP REGD V/R 2.09138000</title>
        <cusip>86562MAP5</cusip>
        <identifiers>
          <isin value="US86562MAP59"/>
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        <balance>21084000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.09138000</annualizedRt>
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        <name>DROT 2016-1 B 3.37% 11/20/28</name>
        <lei>N/A</lei>
        <title>DIAMOND RESORTS OWNER TRUST 2016-1 SER 2016-1 CL B REGD 144A P/P 3.37000000</title>
        <cusip>25273BAB8</cusip>
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          <isin value="US25273BAB80"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>TPMT 2019-HY2 A1 V/R 05/25/58</name>
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        <title>TOWD POINT MORTGAGE TRUST 2019-HY2 SER 2019-HY2 CL A1 V/R REGD 144A P/P 1.18450000</title>
        <cusip>89177HAA0</cusip>
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          <isin value="US89177HAA05"/>
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        <name>T/L SCIENTIFIC GAM 0% 08/14/24</name>
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        <title>T/L SCIENTIFIC GAMES           INTERNATIONAL INC REGD 0.00000000</title>
        <cusip>80875AAP6</cusip>
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          <isin value="US80875AAP66"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>JPMMT 2018-7FRB  V/R 04/25/46</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST 2018-7FRB SER 2018-7FRB CL B2 V/R REGD 144A P/P 2.43030400</title>
        <cusip>46650AAL7</cusip>
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          <isin value="US46650AAL70"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-25</maturityDt>
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        <name>PSTAT 2018-1A A2 V/R 04/15/26</name>
        <lei>N/A</lei>
        <title>PALMER SQUARE LOAN FUNDING 2018-1 LTD SER 2018-1A CL A2 V/R REGD 144A P/P 2.26888000</title>
        <cusip>69700EAC1</cusip>
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          <isin value="US69700EAC12"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4159241.25000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>OR 2019-2A A1L V/R 01/20/31</name>
        <lei>N/A</lei>
        <title>OWL ROCK CLO II LTD SER 2019-2A CL A1L V/R REGD 144A P/P 2.88525000</title>
        <cusip>98955RAA7</cusip>
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          <isin value="US98955RAA77"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>2.88525000</annualizedRt>
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        <debtSec>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MCCT 2019-1A A V/R 01/21/21</name>
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        <cusip>576339BZ7</cusip>
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        <debtSec>
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        <name>ARTEX SAC LTD V/R 12/31/21</name>
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        <name>FHR 3307 FT V/R 07/15/34</name>
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        <identifiers>
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        <name>T/L WATERJET HOL 0% 04/21/2025</name>
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        <name>FHR 2471 FD V/R 03/15/32</name>
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        <identifiers>
          <isin value="US31392R6E64"/>
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        <name>ADARE RE 2020-1 0% 01/31/21</name>
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        <name>JPSMT 2014-1 B2 V/R 01/25/27</name>
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        <name>FASST 2019-HB1 M V/R 08/25/21</name>
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        <name>GALILEI RE LTD V/R 01/08/21</name>
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        <name>US TREAS NTS V/R 10/31/21</name>
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        <name>FHLT 2005-E 1A1 V/R 01/25/36</name>
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        <name>FNR 2002-93 FH V/R 01/25/33</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SCML 2018-SBC7 A V/R 05/25/39</name>
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        <name>BSMSI 1997-6 3B1 V/R 06/25/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARTEX SAC LTD V/R 12/31/21</name>
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        <invCountry>BM</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>TPMT 2015-5 A1B V/R 09/25/22</name>
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        <cusip>89171VAK3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>T/L AVSC HOLDING 0% 02/03/2025</name>
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        <name>LPFA 2011-A A2 V/R 01/25/20</name>
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        <name>SBIZ 2020-A A 2.62% 12/15/26</name>
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        <name>IHSFR 2018-SFR1  V/R 03/17/20</name>
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        <name>MATTERHORN RE LTD V/R 12/07/21</name>
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        <name>SCFET 2017-1A  3.77% 01/20/23</name>
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        <name>LNCR 2019-CRE2 A V/R 10/15/23</name>
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        <name>BCCFC 2018-1A  2.96% 06/20/23</name>
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        <name>STACR 2016-DNA4  V/R 03/25/29</name>
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        <name>RESIDENTIAL RE 18 V/R 06/06/22</name>
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        <name>JPMCC 2015-UES C V/R 09/05/20</name>
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        <name>WALT DISNEY COMPA V/R 09/01/21</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOFI 2015-C A1 V/R 08/27/35</name>
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          <isin value="US834016AA51"/>
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        <name>T/L ACADIA HEALTHC 0% 02/16/23</name>
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        <name>TMTS 2006-3 1A2 V/R 04/25/37</name>
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        <name>FNR 2006-82 F V/R 09/25/36</name>
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        <name>FREMF 2014-KS02  V/R 08/25/23</name>
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        <name>FNR 2005-83 KT V/R 10/25/35</name>
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        <name>FNR 2001-72 FB V/R 12/25/31</name>
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        <name>BANK OF NOVA SCO 2.5% 01/08/21</name>
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        <name>FREMF 2014-KF05  V/R 09/25/21</name>
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        <name>LAN 2018-1A 1A V/R 08/22/20</name>
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        <name>FNR 2007-100 YF V/R 10/25/37</name>
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        <name>HEAT 2004-8 M1 V/R 03/25/35</name>
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      </invstOrSec>
      <invstOrSec>
        <name>STACR 2016-DNA4  V/R 03/25/29</name>
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        <debtSec>
          <maturityDt>2029-03-25</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RESILIENCE RE LTD ZCP 04/16/21</name>
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          <isin value="BMG7527LAD75"/>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FNR 2008-6 FA V/R 02/25/38</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS P#661690 V/R 09/01/32</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARES 2015-35RA X V/R 07/15/30</name>
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        <title>ARES XXXVR CLO LTD SER 2015-35RA CL X V/R REGD 144A P/P 1.86888000</title>
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          <isin value="US00192RAA68"/>
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        <balance>112500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112499.55000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARTEX SAC FORM 0.0% 02/28/2021</name>
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          <other otherDesc="CLIENT ID" value="BNR3X5JE6"/>
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        <balance>2000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>377042.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Series Trust X</ncom:nameOfApplicant>
      <ncom:signature>Mark E. Bradley </ncom:signature>
      <ncom:signerName>Mark E. Bradley </ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
