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      <invstOrSec>
        <name>Snacking Investments US LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sedgwick Claims Management Services Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>McGraw-Hill Education Inc</name>
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        <name>Autokiniton US Holdings Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JetBlue Airways Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LSF12 HELIX PARENT LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JetBlue Airways Corp</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Dragon Buyer Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cyberswift BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL MENTOR HOLDINGS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAFFINLAND IRON CORP/LP</name>
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        <invCountry>CA</invCountry>
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        <name>JONES DESLAURIERS INSURA</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TK Elevator US Newco Inc</name>
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        <name>TK Elevator US Newco Inc</name>
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        <name>Mavis Tire Express Services Topco Corp</name>
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        <name>International Entertainment JJCO US LLC</name>
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        <name>Performance Health Holdings Inc</name>
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        <title>PERFORMANCE HEAL 02/28/32</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.60380000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Crown Subsea Communications Holding Inc</name>
        <lei>5493003AYLUE132FIO27</lei>
        <title>Crown Subsea Com 06/30/31</title>
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          <isin value="US22860EAK82"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25109.38000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.18020000</annualizedRt>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>MEDLINE BORROW 10/23/30</title>
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          <isin value="US58503UAJ25"/>
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        <balance>49750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49949.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67190000</annualizedRt>
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      <invstOrSec>
        <name>CP Iris Holdco I Inc</name>
        <lei>25490024F0AS5UR7DB02</lei>
        <title>IPS DELAY-DRAW T 10/18/27</title>
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          <other otherDesc="LoanX ID" value="LX272515"/>
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        <balance>3160.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3147.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-27</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SPARTA US HOLDCO LLC</name>
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        <title>SPARTA US HOLDCO LLC</title>
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          <isin value="US84673EAE95"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-02</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>First Eagle Holdings Inc</name>
        <lei>549300ZKYR56QRODD510</lei>
        <title>GC FERRY ACQUISI 06/04/32</title>
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          <isin value="US32009UAD90"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-16</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Access CIG LLC</name>
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        <title>ACCESS CI 08/19/30</title>
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          <isin value="US00435CAV00"/>
          <other otherDesc="LoanX ID" value="LX268153"/>
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        <balance>104736.84000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.67540000</annualizedRt>
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      <invstOrSec>
        <name>BCP VI Summit Holdings LP</name>
        <lei>254900LK60A9DK5W5N81</lei>
        <title>BCP VI SUMMIT HL 01/30/32</title>
        <cusip>05614GAC5</cusip>
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          <isin value="US05614GAC50"/>
          <other otherDesc="LoanX ID" value="LX245155"/>
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        <balance>24937.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24958.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.67130000</annualizedRt>
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      <invstOrSec>
        <name>PatientPoint Health Technologies LLC</name>
        <lei>N/A</lei>
        <title>PATIENTPOINT TER 11/01/32</title>
        <cusip>74277YAB2</cusip>
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          <isin value="US74277YAB20"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82450.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.67390000</annualizedRt>
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      <invstOrSec>
        <name>PROMETRIC HOLDINGS INC</name>
        <lei>54930034OH1XQT27TX40</lei>
        <title>PROMETRIC HOLDINGS INC</title>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Heron Bidco Llc</name>
        <lei>N/A</lei>
        <title>HEIDRICK &amp; STRUG 11/24/32</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AthenaHealth Group Inc</name>
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        <title>ATHENAHEALTH GRO 02/14/29</title>
        <cusip>04686RAB9</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Clear Channel Outdoor Holdings Inc</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Ou 08/21/28</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>White Cap Supply Holdings LLC</name>
        <lei>254900L2N0T6GULCL366</lei>
        <title>WHIT 10/07/29</title>
        <cusip>96350TAH3</cusip>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eyecare Partners LLC</name>
        <lei>254900ZAACWK09RJ8W93</lei>
        <title>EyeCare Partner 11/30/28</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>EYECARE PARTNERS LLC</name>
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        <title>EYECARE PARTNERS LLC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CWGS Group LLC</name>
        <lei>254900FU20N3SJ8BIA66</lei>
        <title>CWGS 05/24/28</title>
        <cusip>12670UAE7</cusip>
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          <isin value="US12670UAE73"/>
          <other otherDesc="LoanX ID" value="LX195057"/>
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        <curCd>USD</curCd>
        <valUSD>1165.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.28580000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>CWGS Group LLC</name>
        <lei>254900FU20N3SJ8BIA66</lei>
        <title>CWGS 05/24/28</title>
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        <name>Great Outdoors Group LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CP Iris Holdco I Inc</name>
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        <name>Advancion Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Infinite Bidco LLC</name>
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        <name>MADISON SAFETY &amp; FLOW</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Trio Bidco LLC</name>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>US Fertility Enterprises LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DORNOCH DEBT MERGER SUB</name>
        <lei>N/A</lei>
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        <name>Aveanna Healthcare LLC</name>
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        <name>MajorDrive Holdings IV LLC</name>
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        <name>Starlight Parent LLC</name>
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        <name>Beach Acquisition Bidco LLC</name>
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        <name>Trio Bidco LLC</name>
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        <title>TRACE3 TERM L 10/08/32</title>
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        <name>SCIL IV LLC</name>
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        <invCountry>US</invCountry>
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        <name>OSCAR ACQUISITIONCO LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Heartland Dental LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HUB International Ltd</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Red Planet Borrower LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>First Eagle Holdings Inc</name>
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          <isin value="US32009UAE73"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Engineered Machinery Holdings Inc</name>
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          <isin value="US26658NAT63"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KDC/ONE Development Corp Inc</name>
        <lei>N/A</lei>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38950.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>MH Sub I LLC</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-23</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>COREWEAVE INC</name>
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        <title>CoreWeave Inc</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ATHENAHEALTH GROUP INC</name>
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        <title>AthenaHealth Group Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FERTITTA ENTERTAINMENT</name>
        <lei>N/A</lei>
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        <name>Genmab A/S</name>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lavender US HoldCo 1 Inc</name>
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        <title>Lavender Dutch B 12/02/32</title>
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        <title>Lavender Dutch B 12/02/32</title>
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        <name>Covetrus Inc</name>
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        <title>CVET Midco 10/13/29</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Cengage Learning Inc</name>
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        <title>CENGAGE LEARNIN 03/24/31</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lavender US HoldCo 1 Inc</name>
        <lei>254900WC9QQXLKNE2931</lei>
        <title>Lavender Dutch B 12/02/32</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Learning Care Group US No 2 Inc</name>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eyecare Partners LLC</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Iris Holding Inc</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Learning Care Group US No 2 Inc</name>
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          <isin value="US52200MAL46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WH Borrower LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Azalea Topco Inc</name>
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        <invCountry>US</invCountry>
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        <name>FIESTA PURCHASER INC</name>
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        <name>REAL HERO MERGER SUB 2</name>
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        <name>Asurion LLC</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-22</maturityDt>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings Inc</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>CLYDESDALE ACQUI 04/13/29</title>
        <cusip>18972FAC6</cusip>
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          <isin value="US18972FAC68"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.84630000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Kaseya Inc</name>
        <lei>254900MISXMLRZ63NH46</lei>
        <title>KASEY 03/05/33</title>
        <cusip>48578AAE8</cusip>
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          <isin value="US48578AAE82"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245437.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.67540000</annualizedRt>
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      <invstOrSec>
        <name>Fiesta Purchaser Inc</name>
        <lei>N/A</lei>
        <title>SHEARER'S FOODS 02/12/31</title>
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          <isin value="US31659LAF94"/>
          <other otherDesc="LoanX ID" value="LX267309"/>
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        <balance>13457.07000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13094.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.42130000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MADISON IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
        <title>MADISON IAQ LLC</title>
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          <isin value="US55759VAE83"/>
          <other otherDesc="LoanX ID" value="LX272232"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25080.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.41360000</annualizedRt>
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      <invstOrSec>
        <name>Fiesta Purchaser Inc</name>
        <lei>N/A</lei>
        <title>SHEARER'S FOODS 02/12/31</title>
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          <isin value="US31659LAF94"/>
          <other otherDesc="LoanX ID" value="LX267309"/>
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        <balance>11355.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11049.39000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.42130000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch + Lomb Corp</name>
        <lei>549300NY6OZM39SO6475</lei>
        <title>BAUSCH LOMB 01/15/31</title>
        <cusip>000000000</cusip>
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          <isin value="XAC0787FAL67"/>
          <other otherDesc="LoanX ID" value="LX278575"/>
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        <balance>74649.94000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75303.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.42130000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apple Bidco LLC</name>
        <lei>2549001SCJD3WEYJFM53</lei>
        <title>ATLANTIC AVIATIO 09/23/31</title>
        <cusip>48254EAG6</cusip>
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          <isin value="US48254EAG61"/>
          <other otherDesc="LoanX ID" value="LX259061"/>
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        <balance>24874.38000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24918.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.17330000</annualizedRt>
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      <invstOrSec>
        <name>Nexus Buyer LLC</name>
        <lei>254900PILSANV8WOOF24</lei>
        <title>Nexus Buye 07/31/31</title>
        <cusip>65343UAH5</cusip>
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          <isin value="US65343UAH59"/>
          <other otherDesc="LoanX ID" value="LX258128"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24480.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.17130000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HP PHRG Borrower LLC</name>
        <lei>N/A</lei>
        <title>PHRG INTERMEDIAT 02/28/32</title>
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          <isin value="US40445XAC02"/>
          <other otherDesc="LoanX ID" value="LX258919"/>
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        <balance>184112.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180660.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.04980000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arsenal AIC Parent LLC</name>
        <lei>N/A</lei>
        <title>ARSENAL AIC PARE 08/18/30</title>
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          <isin value="US04287KAG67"/>
          <other otherDesc="LoanX ID" value="LX258370"/>
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        <balance>29223.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29324.17000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.42260000</annualizedRt>
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      <invstOrSec>
        <name>ASURION LLC/ASURION CO</name>
        <lei>N/A</lei>
        <title>Asurion LLC and Asurion Co-Issuer Inc</title>
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          <isin value="US045941AB79"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>National Mentor Holdings Inc</name>
        <lei>5493004QULJVJP3CNZ62</lei>
        <title>SEVITA TERM 12/12/30</title>
        <cusip>63689EAX3</cusip>
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          <isin value="US63689EAX31"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-12</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SC GAMES HOLDIN/US FINCO</name>
        <lei>N/A</lei>
        <title>Scientific Games Holdings LP/Scientific Games US FinCo Inc</title>
        <cusip>80874DAA4</cusip>
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          <isin value="US80874DAA46"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>CP Iris Holdco I Inc</name>
        <lei>25490024F0AS5UR7DB02</lei>
        <title>IPS DELAY-DRAW T 10/18/27</title>
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        <balance>10580.94000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10536.29000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-27</maturityDt>
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        <name>Eyecare Partners LLC</name>
        <lei>254900ZAACWK09RJ8W93</lei>
        <title>EyeCare Partner 11/15/29</title>
        <cusip>30233PAK6</cusip>
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          <other otherDesc="LoanX ID" value="LX199185"/>
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        <curCd>USD</curCd>
        <valUSD>4000.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.60180000</annualizedRt>
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      <invstOrSec>
        <name>KnowBe4 Inc</name>
        <lei>64883ZJ0RS5039H4PN24</lei>
        <title>KNOWBE 07/22/32</title>
        <cusip>49925TAD7</cusip>
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          <other otherDesc="LoanX ID" value="LX266122"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125450.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.42260000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Altar Bidco Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortress Intermediate 3 Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Qnity Electronics Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ten-X LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Advancion Holdings LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bingo Holdings I LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kestra Advisor Services Holdings A Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bingo Holdings I LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Emrld Borrower LP</name>
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        <invCountry>US</invCountry>
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        <name>National Mentor Holdings Inc</name>
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        <title>SEVITA DELAY-DRA 12/12/30</title>
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        <invCountry>US</invCountry>
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        <name>MajorDrive Holdings IV LLC</name>
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        <name>US Fertility Enterprises LLC</name>
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        <name>Olympus Water US Holding Corp</name>
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        <name>Mitchell International Inc</name>
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        <name>Wand NewCo 3 Inc</name>
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        <name>Sweetwater Borrower LLC</name>
        <lei>254900JJU57789DC8283</lei>
        <title>Sweetwater Borro 08/07/28</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-08-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.03580000</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>SGH 09/30/32</name>
        <lei>N/A</lei>
        <title>SGH 09/30/32</title>
        <cusip>78424SAB8</cusip>
        <identifiers>
          <isin value="US78424SAB88"/>
          <other otherDesc="LoanX ID" value="LX266213"/>
        </identifiers>
        <balance>74812.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75141.68000000</valUSD>
        <pctVal>0.771994037035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.17540000</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>COREWEAVE INC</name>
        <lei>984500511DP2B6186053</lei>
        <title>CoreWeave Inc</title>
        <cusip>21873SAC2</cusip>
        <identifiers>
          <isin value="US21873SAC26"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53350.64000000</valUSD>
        <pctVal>0.548116251220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DREYFUS TRSY OBLIG CASH M</name>
        <lei>N/A</lei>
        <title>DREYFUS TRSY OBLIG CASH M</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="X9USDDRET"/>
        </identifiers>
        <balance>643280.65000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643280.65000000</valUSD>
        <pctVal>6.608966234720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC</name>
        <lei>5493006Q26653NF8SI73</lei>
        <title>ALLIANT HLDGS IN 09/19/31</title>
        <cusip>01881UAN5</cusip>
        <identifiers>
          <isin value="US01881UAN54"/>
          <other otherDesc="LoanX ID" value="LX267284"/>
        </identifiers>
        <balance>74687.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74558.89000000</valUSD>
        <pctVal>0.766006542413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.17130000</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>DG Investment Intermediate Holdings 2 Inc</name>
        <lei>N/A</lei>
        <title>DG INVT INTER HL 07/22/33</title>
        <cusip>23344MAN8</cusip>
        <identifiers>
          <isin value="US23344MAN83"/>
          <other otherDesc="LoanX ID" value="LX266714"/>
        </identifiers>
        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65325.00000000</valUSD>
        <pctVal>0.671138979981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.17190000</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>Engineered Machinery Holdings Inc</name>
        <lei>5493008AR0NPSLW8EW07</lei>
        <title>Engineered Machi 05/21/29</title>
        <cusip>26658NAQ2</cusip>
        <identifiers>
          <isin value="US26658NAQ25"/>
          <other otherDesc="LoanX ID" value="LX197098"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40400.00000000</valUSD>
        <pctVal>0.415063372235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.84350000</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>Gloves Buyer Inc</name>
        <lei>54930015O0Y94T5H8Z18</lei>
        <title>GLOVES BUYE 01/17/32</title>
        <cusip>37987UAG7</cusip>
        <identifiers>
          <isin value="US37987UAG76"/>
          <other otherDesc="LoanX ID" value="LX257433"/>
        </identifiers>
        <balance>99750.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99396.89000000</valUSD>
        <pctVal>1.021188325571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.67120000</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>RH</name>
        <lei>549300H9H1H3OC7C3H47</lei>
        <title>RH</title>
        <cusip>76133MAC5</cusip>
        <identifiers>
          <isin value="US76133MAC55"/>
          <other otherDesc="LoanX ID" value="LX204424"/>
        </identifiers>
        <balance>209458.76000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209140.38000000</valUSD>
        <pctVal>2.148676024588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.02130000</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>Veritiv Operating Co</name>
        <lei>5493004G8OK5L1UTIY12</lei>
        <title>VERDE PURC 11/30/30</title>
        <cusip>92338TAB2</cusip>
        <identifiers>
          <isin value="US92338TAB26"/>
          <other otherDesc="LoanX ID" value="LX219615"/>
        </identifiers>
        <balance>24936.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24472.42000000</valUSD>
        <pctVal>0.251425870593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.66360000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-25</ncom:dateSigned>
      <ncom:nameOfApplicant>FundVantage Trust</ncom:nameOfApplicant>
      <ncom:signature>Christine S. Catanzaro</ncom:signature>
      <ncom:signerName>Christine S. Catanzaro</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
