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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Bayer AG</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>CIFC Funding Ltd.</name>
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        <name>Delta Air Lines, Inc.</name>
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        <name>Helios Software Holdings, Inc.</name>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <name>SMB Private Education Loan Trust</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>INEOS Quattro Finance 2 plc</name>
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        <name>Nexstar Media, Inc.</name>
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        <name>N/A</name>
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        <name>Nestle Finance International Ltd.</name>
        <lei>0KLLMNHINTFDRMU6DI05</lei>
        <title>Nestle Finance International Ltd.</title>
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        <name>N/A</name>
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        <name>EDvestinU Private Education Loan Issue No. LLC</name>
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        <name>Bausch + Lomb Corp.</name>
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        <name>Clarios Global LP</name>
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        <name>Republic of the Philippines</name>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
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        <name>Performance Food Group, Inc.</name>
        <lei>549300OMUOGBYK0FFO76</lei>
        <title>Performance Food Group, Inc.</title>
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        <name>Xerox Holdings Corp.</name>
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        <name>Mobico Group plc</name>
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        <name>OI European Group BV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Duke Energy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Match Group Holdings II LLC</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US617932AA69"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Worldline SA</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>Worldline SA</title>
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          <isin value="FR001400U2E7"/>
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        <balance>100000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>N/A</name>
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        <title>IRS</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Banijay Entertainment SAS</name>
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        <title>Banijay Entertainment SAS</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Volkswagen Financial Services AG</name>
        <lei>529900SSGT49ZZSWYE62</lei>
        <title>Volkswagen Financial Services AG</title>
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        <invCountry>DE</invCountry>
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        <name>N/A</name>
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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>Opal Bidco SAS</name>
        <lei>969500R96XT7XY2UJ564</lei>
        <title>Opal Bidco SAS</title>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>College Avenue Student Loans LLC</name>
        <lei>N/A</lei>
        <title>College Avenue Student Loans LLC, Series 2021-C, Class A2</title>
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        <name>Parkland Corp.</name>
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        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>Almaviva-The Italian Innovation Co. SpA</name>
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        <name>Republic of Poland</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Federal National Mortgage Association</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>BAHA Trust</name>
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        <name>Whirlpool Corp.</name>
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        <name>N/A</name>
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        <name>HUB International Ltd.</name>
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        <name>Fressnapf Holding SE</name>
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        <name>Navient Private Education Refi Loan Trust</name>
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        <name>Delta Air Lines, Inc.</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>SGL Group ApS</name>
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        <name>N/A</name>
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        <name>CCO Holdings LLC</name>
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      <invstOrSec>
        <name>OBX Trust</name>
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        <name>N/A</name>
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        <name>Bank of America Corp.</name>
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        <name>Republic of Poland</name>
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        <name>N/A</name>
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        <name>SCG Mortgage Trust</name>
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        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <name>Ardonagh Finco Ltd.</name>
        <lei>254900D2T84O1K03BA28</lei>
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        <name>N/A</name>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
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        <name>Banque Federative du Credit Mutuel SA</name>
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        <name>AES Corp. (The)</name>
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      <invstOrSec>
        <name>RCI Banque SA</name>
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      <invstOrSec>
        <name>OBX Trust</name>
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      <invstOrSec>
        <name>DENTSPLY SIRONA, Inc.</name>
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      <invstOrSec>
        <name>Crescent Energy Finance LLC</name>
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      <invstOrSec>
        <name>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US06745AAA25"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="52889"/>
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      <invstOrSec>
        <name>IHO Verwaltungs GmbH</name>
        <lei>529900JL0HDVGZMUJF32</lei>
        <title>IHO Verwaltungs GmbH</title>
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          <isin value="XS2606019383"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.75000160</annualizedRt>
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      <invstOrSec>
        <name>Eutelsat SA</name>
        <lei>549300MCOOY1V7P2PG30</lei>
        <title>Eutelsat SA</title>
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          <isin value="XS2796660384"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GoodLeap Home Improvement Solutions Trust</name>
        <lei>N/A</lei>
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          <isin value="US38237EAA29"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRPM Trust</name>
        <lei>N/A</lei>
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        <cusip>74391EAA9</cusip>
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          <isin value="US74391EAA91"/>
          <other otherDesc="Inhouse Asset ID" value="74391EAA9"/>
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        <balance>90935.16370000</balance>
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        <valUSD>91677.49000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.80200120</annualizedRt>
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      <invstOrSec>
        <name>ING Groep NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV</title>
        <cusip>N/A</cusip>
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          <isin value="XS2891742731"/>
          <other otherDesc="Inhouse Asset ID" value="BYD7LLXS9"/>
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        <balance>100000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84893246"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>U.K. Treasury Bonds</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="56067"/>
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        <units>NC</units>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Cross Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Cross Mortgage Trust, Series 2024-H5, Class A1</title>
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          <isin value="US22757HAA95"/>
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        <balance>168843.37000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>McAfee Corp.</name>
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        <name>Federal National Mortgage Association</name>
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      <invstOrSec>
        <name>CD&amp;R Firefly Bidco plc</name>
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        <name>Adler Financing SARL</name>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
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      <invstOrSec>
        <name>Methanex Corp.</name>
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        <name>Navient Student Loan Trust</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Betony CLO 2 Ltd.</name>
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        <name>N/A</name>
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        <name>Republic of Indonesia</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>CENT Trust</name>
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        <name>Worldline SA</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>CSTL Commercial Mortgage Trust</name>
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        <name>Daimler Truck International Finance BV</name>
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        <name>Volkswagen Financial Services AG</name>
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        <name>Unipol Assicurazioni SpA</name>
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        <name>Sunrise FinCo. I BV</name>
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        <name>Motion Finco SARL</name>
        <lei>2549002L1LBQZKA7UN30</lei>
        <title>Motion Finco SARL</title>
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      <invstOrSec>
        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>United Mexican States</name>
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      <invstOrSec>
        <name>Service Corp. International</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Chase Home Lending Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>N/A</name>
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        <title>IRS</title>
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        <name>Kleopatra Finco SARL</name>
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        <title>Kleopatra Finco SARL</title>
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        <name>BMP</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
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      <invstOrSec>
        <name>College Avenue Student Loans LLC</name>
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        <name>UBS Group AG</name>
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      <invstOrSec>
        <name>New Residential Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
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        <name>Ellington Financial Mortgage Trust</name>
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        <name>Fibercop SpA</name>
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        <name>Ellington Financial Mortgage Trust</name>
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        <name>SCIL IV LLC</name>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>CVS Health Corp.</name>
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        <name>Navient Private Education Loan Trust</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Mercedes-Benz International Finance BV</name>
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        <name>N/A</name>
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        <name>Electricite de France SA</name>
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        <name>N/A</name>
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        <name>LoanCore 2025 Issuer LLC</name>
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        <name>Regatta XXVIII Funding Ltd.</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Vmed O2 UK Financing I plc</name>
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        <name>COLT Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>Frontier Communications Holdings LLC</name>
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      <invstOrSec>
        <name>A&amp;D Mortgage Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Julius Baer Group Ltd.</name>
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        <name>Vmed O2 UK Financing I plc</name>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>SoftBank Group Corp.</name>
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        <title>SoftBank Group Corp.</title>
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        <name>Prime Security Services Borrower LLC</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <name>Bombardier, Inc.</name>
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        <name>Republic of Turkiye (The)</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Verus Securitization Trust</name>
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        <name>USA Compression Partners LP</name>
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        <name>RCKT Mortgage Trust</name>
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        <name>Service Properties Trust</name>
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        <name>Worldline SA</name>
        <lei>549300CJMQNCA0U4TS33</lei>
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        <name>Engineering - Ingegneria Informatica - SpA</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EDP SA</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
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          <isin value="US64034QAA67"/>
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        <balance>69083.82380000</balance>
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      <invstOrSec>
        <name>Fontainebleau Miami Beach Mortgage Trust</name>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC</name>
        <lei>98450038B4549046D794</lei>
        <title>Allied Universal Holdco LLC</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="DE000F1NGF61"/>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
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      <invstOrSec>
        <name>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Cooperatieve Rabobank UA</title>
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          <isin value="XS2416413339"/>
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        <invCountry>NL</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>TRSIBOXX</title>
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                <indexName>Markit iBoxx USD Liquid Leveraged Loans Total Return Index</indexName>
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        <name>N/A</name>
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        <title>IRS</title>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>GFL Environmental, Inc.</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL Environmental, Inc.</title>
        <cusip>36168QAP9</cusip>
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          <isin value="US36168QAP90"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97103.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Vodafone Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRESTLES CLO III Ltd.</name>
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        <name>PRPM Trust</name>
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      <invstOrSec>
        <name>Mauser Packaging Solutions Holding Co.</name>
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        <name>Citycon Treasury BV</name>
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          <isin value="XS2310411090"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Delta Air Lines, Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>Oracle Corp.</name>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Federation of Malaysia</name>
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        <name>OBX Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>PRKCM Trust</name>
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      <invstOrSec>
        <name>Traton Finance Luxembourg SA</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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        <title>Tenet Healthcare Corp.</title>
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        <name>Builders FirstSource, Inc.</name>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>FMG Resources August 2006 Pty. Ltd.</name>
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        <name>Telefonica Europe BV</name>
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        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
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        <name>N/A</name>
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        <name>Apidos CLO XXII</name>
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        <name>A&amp;D Mortgage Trust</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Dynamo Newco II GmbH</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Lune Holdings SARL</name>
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        <name>Federative Republic of Brazil</name>
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        <name>OneMain Financial Issuance Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>N/A</name>
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        <name>GCAT Trust</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>N/A</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>United Mexican States</name>
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        <name>Aon Global Ltd.</name>
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        <name>Sealed Air Corp.</name>
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        <name>Mobico Group plc</name>
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        <name>Freedom Mortgage Holdings LLC</name>
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        <name>Republic of South Africa</name>
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        <name>Volkswagen Financial Services AG</name>
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        <name>N/A</name>
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        <name>TransDigm, Inc.</name>
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        <name>N/A</name>
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        <name>Avantor Funding, Inc.</name>
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        <name>Republic of Colombia</name>
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          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>ELFI Graduate Loan Program LLC</name>
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        <name>GS Finance Corp.</name>
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        <name>N/A</name>
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        <name>Lottomatica Group SpA</name>
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        <name>N/A</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Czech Republic</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>Czech Republic</title>
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        <name>Meta Platforms, Inc.</name>
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        <name>N/A</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>BRAVO Residential Funding Trust</name>
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        <name>MHP</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>Bracken MidCo1 plc</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Teva Pharmaceutical Finance Netherlands III BV</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
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        <name>Olin Corp.</name>
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        <name>Darling Global Finance BV</name>
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        <name>N/A</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Verus Securitization Trust</name>
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        <name>N/A</name>
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        <name>Government National Mortgage Association</name>
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        <name>FS Rialto Issuer LLC</name>
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        <name>N/A</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>SoftBank Group Corp.</name>
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        <name>Volkswagen Leasing GmbH</name>
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        <name>Darling Ingredients, Inc.</name>
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        <name>Ephios Subco 3 SARL</name>
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        <name>Birch Grove CLO 3 Ltd.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Whirlpool Corp.</name>
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        <name>J.P. Morgan Mortgage Trust</name>
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        <name>MGM Resorts International</name>
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        <name>Post Holdings, Inc.</name>
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        <name>Celanese US Holdings LLC</name>
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        <name>OBX Trust</name>
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        <name>CIM Trust</name>
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        <name>TK Elevator Holdco GmbH</name>
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        <name>Gen Digital, Inc.</name>
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        <name>Maxam Prill SARL</name>
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        <name>ARI Fleet Lease Trust</name>
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        <name>CBAM Ltd.</name>
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        <name>N/A</name>
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        <name>Allwyn Entertainment Financing UK plc</name>
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        <name>Delek Logistics Partners LP</name>
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        <name>Nidda Healthcare Holding GmbH</name>
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        <name>BX Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <title>IRS</title>
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        <name>N/A</name>
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        <name>Volkswagen International Finance NV</name>
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      <invstOrSec>
        <name>GreenSky Home Improvement Issuer Trust</name>
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        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Government National Mortgage Association</name>
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        <issuerCat>USGA</issuerCat>
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        <name>Rocket Mortgage LLC</name>
        <lei>549300FGXN1K3HLB1R50</lei>
        <title>Rocket Mortgage LLC</title>
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        <name>Kingdom of Spain</name>
        <lei>9598007A56S18711AH60</lei>
        <title>Bonos y Obligaciones del Estado</title>
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        <name>PMT Loan Trust</name>
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        <name>Atrium Hotel Portfolio Trust</name>
        <lei>N/A</lei>
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        <name>Seagate HDD Cayman</name>
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        <name>BP Capital Markets plc</name>
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        <name>Iron Mountain, Inc.</name>
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        <name>Kingdom of Thailand</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Radian Mortgage Capital Trust LLC</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republic of Indonesia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cross Mortgage Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>IRS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Pinnacle Bidco plc</name>
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        <title>Pinnacle Bidco plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Federal Home Loan Mortgage Corp. Variable Rate Notes, Series 5444, Class FC</title>
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          <isin value="US3137HFD778"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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          <isin value="US893647BP15"/>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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        <name>Post CLO VI Ltd.</name>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
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        <name>N/A</name>
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        <name>Dreyfus Treasury Prime Cash Management Institutional Shares</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Cedar Funding XIV CLO Ltd.</name>
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        <name>IPD 3 BV</name>
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        <name>Adler Financing SARL</name>
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        <name>Ball Corp.</name>
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        <name>College Avenue Student Loans LLC</name>
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      <invstOrSec>
        <name>Coty, Inc.</name>
        <lei>549300BO9IWPF3S48F93</lei>
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        <name>Tallgrass Energy Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlueMountain CLO Ltd.</name>
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        <name>NOVA Chemicals Corp.</name>
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        <name>N/A</name>
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        <name>Deephaven Residential Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Eni SpA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Antero Midstream Partners LP</name>
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        <name>N/A</name>
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        <name>Broadcom, Inc.</name>
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        <name>Tennessee Valley Authority</name>
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        <name>DC Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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        <name>Service Properties Trust</name>
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          <isin value="US44106MAX02"/>
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        <name>gategroup Finance Luxembourg SA</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>Park Intermediate Holdings LLC</name>
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        <name>N/A</name>
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        <title>IRS</title>
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        <name>Federal National Mortgage Association or Federal Home Loan Mortgage Corp.</name>
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        <name>MIRA Trust</name>
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        <name>HOMES Trust</name>
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          <isin value="US43761JAA51"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Republic Finance Issuance Trust</name>
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          <isin value="US76042GAA22"/>
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        <name>VistaJet Malta Finance plc</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>N/A</name>
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        <name>Pilgrim's Pride Corp.</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>NatWest Group plc</name>
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        <name>N/A</name>
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        <name>OneMain Financial Issuance Trust</name>
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        <name>Republic of the Philippines</name>
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        <name>N/A</name>
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        <name>Chemours Co. (The)</name>
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        <name>Quikrete Holdings, Inc.</name>
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        <name>Mariner Finance issuance Trust</name>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <name>BRAVO Residential Funding Trust</name>
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        <name>N/A</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
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        <name>Ardagh Packaging Finance plc</name>
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        <name>Electricite de France SA</name>
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        <name>Cali</name>
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      <invstOrSec>
        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp.</title>
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      <invstOrSec>
        <name>Outfront Media Capital LLC</name>
        <lei>5493005WC7J0FDMW0610</lei>
        <title>Outfront Media Capital LLC</title>
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        <balance>100000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
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          <isin value="US05613NAA54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="55937"/>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>Unique Pub Finance Co. plc (The)</name>
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          <isin value="XS0154961188"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="BYDM386Y2"/>
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        <balance>520000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="SWO">
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              <counterpartyName>J.P. Morgan</counterpartyName>
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      <invstOrSec>
        <name>Lamar Media Corp.</name>
        <lei>N/A</lei>
        <title>Lamar Media Corp.</title>
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          <isin value="US513075BW03"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Aston Martin Capital Holdings Ltd.</name>
        <lei>213800H4GKEF3CJ8C774</lei>
        <title>Aston Martin Capital Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2788344419"/>
          <other otherDesc="Inhouse Asset ID" value="BRYWUFA96"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
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        <pctVal>0.174958072746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.37500000</annualizedRt>
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      <invstOrSec>
        <name>MCR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MCR Mortgage Trust, Series 2024-TWA, Class A</title>
        <cusip>582923AA6</cusip>
        <identifiers>
          <isin value="US582923AA66"/>
          <other otherDesc="Inhouse Asset ID" value="582923AA6"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101207.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.92400000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Tenneco, Inc.</name>
        <lei>549300U0EXXFAQFAD785</lei>
        <title>Tenneco, Inc.</title>
        <cusip>880349AU9</cusip>
        <identifiers>
          <isin value="US880349AU90"/>
          <other otherDesc="Inhouse Asset ID" value="880349AU9"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98889.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
        <title>Comstock Resources, Inc.</title>
        <cusip>205768AS3</cusip>
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          <isin value="US205768AS39"/>
          <other otherDesc="Inhouse Asset ID" value="205768AS3"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100223.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="60556"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
        <lei>254900HC0S1X9R2JZB30</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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        <curCd>N/A</curCd>
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      <invstOrSec>
        <name>BFLD Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BFLD Commercial Mortgage Trust, Series 2024-UNIV, Class A</title>
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          <isin value="US08861RAA95"/>
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        <curCd>USD</curCd>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa</title>
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        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
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        <name>Edge Finco plc</name>
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        <name>iliad SA</name>
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        <name>MCR Mortgage Trust</name>
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        <name>Poste Italiane SpA</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Fibercop SpA</name>
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        <name>Republic of Poland</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Republic of Indonesia</name>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
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        <name>Republic of Colombia</name>
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        <invCountry>CO</invCountry>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
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          <isin value="US924926AA67"/>
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        <name>Sirius XM Radio LLC</name>
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      <invstOrSec>
        <name>OHA Credit Funding 5 Ltd.</name>
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        <name>Federative Republic of Brazil</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>Jefferies GmbH</name>
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        <name>Lion/Polaris Lux 4 SA</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Assurant CLO II Ltd.</name>
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        <name>N/A</name>
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        <name>Nelnet Student Loan Trust</name>
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        <name>N/A</name>
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        <name>Market Bidco Finco plc</name>
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        <name>Republic of Peru</name>
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        <invCountry>PE</invCountry>
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        <name>Lendmark Funding Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>GCAT Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Bubbles Bidco SpA</name>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Vmed O2 UK Financing I plc</name>
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        <name>N/A</name>
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        <name>GoldenTree Loan Management US CLO 10 Ltd.</name>
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        <name>Telenet Finance Luxembourg Notes SARL</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Gruenenthal GmbH</name>
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        <name>N/A</name>
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        <name>ELFI Graduate Loan Program LLC</name>
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        <name>Lion/Polaris Lux 4 SA</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <title>OIS</title>
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      </invstOrSec>
      <invstOrSec>
        <name>DK Trust</name>
        <lei>N/A</lei>
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          <isin value="US23346LAL27"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Navient Private Education Loan Trust</name>
        <lei>N/A</lei>
        <title>Navient Private Education Loan Trust, Series 2017-A, Class B</title>
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          <isin value="US63939XAD30"/>
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        <balance>48521.30600000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <title>IRS</title>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>OIS</title>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>PennyMac Financial Services, Inc.</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services, Inc.</title>
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          <isin value="US70932MAD92"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SoFi Consumer Loan Program Trust</name>
        <lei>N/A</lei>
        <title>SoFi Consumer Loan Program Trust, Series 2025-1, Class A</title>
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          <isin value="US83406YAA91"/>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Olympus Water US Holding Corp.</name>
        <lei>549300YU2GGVCBN3MY89</lei>
        <title>Olympus Water US Holding Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="XS2628988730"/>
          <other otherDesc="Inhouse Asset ID" value="BRYHPSFD3"/>
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        <balance>100000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84893246"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Riserva CLO Ltd.</name>
        <lei>549300640C8OB2I8SN35</lei>
        <title>Riserva CLO Ltd., Series 2016-3A, Class ARR</title>
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        <identifiers>
          <isin value="US76761RAY53"/>
          <other otherDesc="Inhouse Asset ID" value="76761RAY5"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250450.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>549300ZF1NDXLMCHNO20</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAL3</cusip>
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          <isin value="US36485MAL37"/>
          <other otherDesc="Inhouse Asset ID" value="36485MAL3"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97605.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hudson Yards Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Hudson Yards Mortgage Trust, Series 2019-55HY, Class A</title>
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          <isin value="US44421MAA80"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="60675"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Nelnet Student Loan Trust</name>
        <lei>N/A</lei>
        <title>Nelnet Student Loan Trust, Series 2021-CA, Class AFL</title>
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          <isin value="US64035GAA76"/>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Republic of South Africa</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <name>JetBlue Airways Corp.</name>
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        <name>VZ Vendor Financing II BV</name>
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        <name>Benefit Street Partners CLO XXXV Ltd.</name>
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        <name>TeamSystem SpA</name>
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        <name>Daimler Truck International Finance BV</name>
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        <name>1011778 BC ULC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Pinewood Finco plc</name>
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        <name>CIM Trust</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Regional Management Issuance Trust</name>
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        <name>BlueMountain CLO Ltd.</name>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>Morgan Stanley</name>
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        <name>SMB Private Education Loan Trust</name>
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        <name>EFMT</name>
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        <name>Rocket Cos., Inc.</name>
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        <name>Republic of Indonesia</name>
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        <name>N/A</name>
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        <name>Palmer Square Loan Funding Ltd.</name>
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      <invstOrSec>
        <name>Churchill Downs, Inc.</name>
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        <name>Fertitta Entertainment LLC</name>
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        <name>N/A</name>
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        <name>Rocket Cos., Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>2023-MIC Trust</name>
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        <title>IRS</title>
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        <name>Novelis Corp.</name>
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        <name>New Residential Mortgage Loan Trust</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Q-Park Holding I BV</name>
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        <name>Ziggo BV</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>Iliad Holding SASU</name>
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        <name>Standard Industries, Inc.</name>
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        <name>Pachelbel Bidco SpA</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>VZ Secured Financing BV</name>
        <lei>549300MG611MYCOWY949</lei>
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        <name>TRESTLES CLO II Ltd.</name>
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        <name>Public Service Electric and Gas Co.</name>
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        <name>N/A</name>
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        <name>Irca SpA</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Deuce Finco plc</name>
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          <isin value="XS2351480996"/>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="60328"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>United Rentals North America, Inc.</name>
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        <title>United Rentals North America, Inc.</title>
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          <isin value="US911363AM11"/>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3137HJ6Z51"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gruenenthal GmbH</name>
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        <title>Gruenenthal GmbH</title>
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          <isin value="XS2951378434"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hilton Grand Vacations Borrower LLC</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
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        <name>Bellis Acquisition Co. plc</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <title>IRS</title>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman Loan Advisers CLO 40 Ltd.</name>
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          <isin value="US64134JAA16"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ING Groep NV</name>
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          <isin value="XS2761357594"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Poland</name>
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          <isin value="PL0000105391"/>
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      <invstOrSec>
        <name>SMB Private Education Loan Trust</name>
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          <isin value="US78448YAB74"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INV Mortgage Trust</name>
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          <isin value="US45000DAA46"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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              <counterpartyName>ICE Clear US</counterpartyName>
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        <name>Medline Borrower LP</name>
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        <name>Preem Holdings AB</name>
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        <name>TTAN MHC</name>
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        <name>N/A</name>
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        <name>Brookfield Residential Properties, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <title>Forward Foreign Currency Contract</title>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Barclays Bank</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="56073"/>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Fedrigoni SpA</name>
        <lei>8156004CE82074779D19</lei>
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          <isin value="XS2748964850"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>IRS</title>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>EquipmentShare.com, Inc.</name>
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      <invstOrSec>
        <name>Hilcorp Energy I LP</name>
        <lei>549300ITPIHLG0LHEC09</lei>
        <title>Hilcorp Energy I LP</title>
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          <isin value="US431318BC74"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Wintershall Dea Finance BV</name>
        <lei>529900SUC9JUI6M74U66</lei>
        <title>Wintershall Dea Finance BV</title>
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          <isin value="XS2908095172"/>
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      <invstOrSec>
        <name>SELF Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US81631WAA45"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>1.00000000</balance>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Variable Rate Notes, Series 2024-94, Class FB</title>
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        <valUSD>24193.08000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2054-12-25</maturityDt>
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      <invstOrSec>
        <name>Goldstory SAS</name>
        <lei>969500NWR67ONUJD4A26</lei>
        <title>Goldstory SAS</title>
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          <isin value="XS2761222400"/>
          <other otherDesc="Inhouse Asset ID" value="BRYV0VEY7"/>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US123910AE11"/>
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        <balance>93771.40000000</balance>
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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
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      <invstOrSec>
        <name>LBA Trust</name>
        <lei>N/A</lei>
        <title>LBA Trust, Series 2024-BOLT, Class A</title>
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          <isin value="US50177BAA52"/>
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        <valUSD>70043.64000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BCP V Modular Services Finance II plc</name>
        <lei>213800227GGD6UI7PI97</lei>
        <title>BCP V Modular Services Finance II plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2397447538"/>
          <other otherDesc="Inhouse Asset ID" value="BRWTWFRN4"/>
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        <balance>100000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Federal Home Loan Mortgage Corp.</name>
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      <invstOrSec>
        <name>Hungary</name>
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        <name>Organon &amp; Co.</name>
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        <name>Open Text Corp.</name>
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        <name>N/A</name>
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        <name>BAHA Trust</name>
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        <name>FIS Fabbrica Italiana Sintetici SpA</name>
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        <name>Great Wolf Trust</name>
        <lei>N/A</lei>
        <title>Great Wolf Trust, Series 2024-WOLF, Class A</title>
        <cusip>39152MAA3</cusip>
        <identifiers>
          <isin value="US39152MAA36"/>
          <other otherDesc="Inhouse Asset ID" value="39152MAA3"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100156.25000000</valUSD>
        <pctVal>0.137018408259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.85375840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2023-DELC, Class A</title>
        <cusip>05610DAA0</cusip>
        <identifiers>
          <isin value="US05610DAA00"/>
          <other otherDesc="Inhouse Asset ID" value="05610DAA0"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100623.66000000</valUSD>
        <pctVal>0.137657846878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.00175880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HIH Trust</name>
        <lei>N/A</lei>
        <title>HIH Trust, Series 2024-61P, Class A</title>
        <cusip>40444VAA9</cusip>
        <identifiers>
          <isin value="US40444VAA98"/>
          <other otherDesc="Inhouse Asset ID" value="40444VAA9"/>
        </identifiers>
        <balance>98525.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98586.96000000</valUSD>
        <pctVal>0.134871546551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.15376080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="59826"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-3877.55000000</valUSD>
        <pctVal>-0.00530466874</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>197000.00000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>229389.42000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-09-17</settlementDt>
            <unrealizedAppr>-3877.55000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arroyo Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Arroyo Mortgage Trust, Series 2019-1, Class A1</title>
        <cusip>042859AA6</cusip>
        <identifiers>
          <isin value="US042859AA69"/>
          <other otherDesc="Inhouse Asset ID" value="042859AA6"/>
        </identifiers>
        <balance>12809.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12497.66000000</valUSD>
        <pctVal>0.017097380145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.80499840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDM0RNF5"/>
        </identifiers>
        <balance>53686.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="PLN" exchangeRt="3.60435000"/>
        <valUSD>22.69000000</valUSD>
        <pctVal>0.000031040975</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
              <counterpartyLei>549300TXTCI7WVVJS380</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.22600000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="WIBOR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2030-09-17</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>53686.00000000</notionalAmt>
            <curCd>PLN</curCd>
            <unrealizedAppr>22.69000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOCA Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BOCA Commercial Mortgage Trust, Series 2024-BOCA, Class A</title>
        <cusip>096817AA9</cusip>
        <identifiers>
          <isin value="US096817AA90"/>
          <other otherDesc="Inhouse Asset ID" value="096817AA9"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100250.00000000</valUSD>
        <pctVal>0.137146662619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23243880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jane Street Group</name>
        <lei>N/A</lei>
        <title>Jane Street Group</title>
        <cusip>47077WAA6</cusip>
        <identifiers>
          <isin value="US47077WAA62"/>
          <other otherDesc="Inhouse Asset ID" value="47077WAA6"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97009.23000000</valUSD>
        <pctVal>0.132713138531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Allocation Target Shares</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
