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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-14</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>SolarWinds Holdings Inc</name>
        <lei>N/A</lei>
        <title>SOLARWINDS HOLD 02/05/24</title>
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          <other otherDesc="INTERNAL" value="FT0242522"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-05</maturityDt>
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      <invstOrSec>
        <name>MH Sub I, LLC</name>
        <lei>N/A</lei>
        <title>MH SUB I LLC INET TL 1L USD</title>
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          <other otherDesc="INTERNAL" value="FT0261036"/>
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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>2024-09-13</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Hyland Software Inc</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0222864"/>
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        <balance>3660471.44754700</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio</name>
        <lei>549300D1XR6GP7EZ0T47</lei>
        <title>Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio</title>
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          <isin value="US61747C5821"/>
          <ticker value="MISXX"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marcel Bidco LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0218917"/>
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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>2026-03-16</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Mallinckrodt International Finance S.A.</name>
        <lei>N/A</lei>
        <title>MALLINCKRODT INTERNATIONAL MNK TL B 1L USD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="FT0201860"/>
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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>2024-09-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vistra Energy Corp</name>
        <lei>N/A</lei>
        <title>Vistra Energy Corp</title>
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          <other otherDesc="INTERNAL" value="FT0166770"/>
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        <balance>14134.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIAMOND SPORTS GR/DIAMON</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC / Diamond Sports Finance Co</title>
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          <isin value="US25277LAC00"/>
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        <balance>1097000.00000000</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>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CEMEX SAB DE CV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>Cemex SAB de CV</title>
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          <isin value="US151290BW27"/>
          <other otherDesc="SEDOL" value="BM9LYN8"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEABODY ENERGY CORP</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>Peabody Energy Corp</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>KAR AUCTION SERVICES INC</name>
        <lei>5493004HKD20LBSG7D03</lei>
        <title>KAR Auction Services Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>American Energy Marcellus Class A Common Shares</name>
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        <title>American Energy Marcellus Class A Common Shares</title>
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          <other otherDesc="INTERNAL" value="FT0201376"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>USI Inc</name>
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        <title>USI INC/NY COMINV TERM LOAN B</title>
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          <other otherDesc="INTERNAL" value="FT0175393"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MALLINCKRODT FIN/SB</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>INEOS US PETROCHEM LLC INEOS TL B 1L USD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ExamWorks Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zelis Cost Management Buyer Inc</name>
        <lei>N/A</lei>
        <title>ZELIS PAYMENTS BUYER INC STRATO TL B 1L USD</title>
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          <other otherDesc="INTERNAL" value="FT0265788"/>
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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>2026-09-30</maturityDt>
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      <invstOrSec>
        <name>DIAMOND SPORTS GR/DIAMON</name>
        <lei>N/A</lei>
        <title>Diamond Sports Group LLC / Diamond Sports Finance Co</title>
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        <name>Reynolds Group Holdings Inc.</name>
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        <name>Azalea TopCo Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vistra Corp</name>
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        <name>Crown Finance US Inc</name>
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        <name>Boxer Parent Company Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MPH Acquisition Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scientific Games International, Inc.</name>
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        <name>NEW TROJAN PARENT INC STAPAR TL 1L USD</name>
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        <name>US Radiology Specialists Inc</name>
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        <name>Nielsen Finance LLC</name>
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        <name>AmWINS Group Inc</name>
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        <name>Team Health Holdings Inc</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMWINS GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cumulus Media Inc</name>
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          <ticker value="CMLS"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PEABODY ENERGY CORP</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NIELSEN FINANCE LLC/CO</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Cross Financial Corp</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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        <name>DUN &amp; BRADSTREET CORP DNB TL B 1L USD</name>
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          <other otherDesc="INTERNAL" value="FT0275724"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-08</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Surgery Center Holdings Inc</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0180470"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-02</maturityDt>
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        <name>MODIVCARE INC</name>
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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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      <invstOrSec>
        <name>Verscend Holding Corp</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0213044"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Project Alpha Intermediate Holding Inc</name>
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          <other otherDesc="INTERNAL" value="FT0232062"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TENET HEALTHCARE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HAH Group Holding Company LLC</name>
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        <name>DELL INT LLC / EMC CORP</name>
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        <name>Meredith Corporation</name>
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        <name>ENDO DAC/FIN LLC/FINCO</name>
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        <name>IRB Holding Corp</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Solera LLC</name>
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        <name>CEMEX SAB DE CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHG Healthcare Services Inc</name>
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        <name>Camelot US Acquisition I Co</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EW Scripps Company (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Air Methods Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Brave Parent Holdings Inc</name>
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        <name>Riverbed Technology Inc</name>
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        <name>Applied Systems Inc</name>
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        <name>Asurion LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMSCOPE TECH LLC</name>
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        <name>Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.)</name>
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        <name>Vertical Midco Gmbh</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Golden Nugget Inc</name>
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        <name>FRONTIER COMMUNICATIONS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FLEXERA SOFTWARE LLC FLESOF TL 1L USD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HUB INTERNATIONAL LTD</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>Gentiva Health Services Inc</name>
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        <name>Ryan Specialty Group LLC</name>
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        <name>MH Sub I, LLC</name>
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        <name>ALLIANT HOLD / CO-ISSUER</name>
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      <invstOrSec>
        <name>IRB Holding Corp</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ClubCorp Holdings Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Akorn Operating Company LLC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>iHeartCommunications Inc</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0251166"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mallinckrodt International Finance S.A.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AssuredPartners Inc</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0252238"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-12</maturityDt>
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        <name>Frontier Communications Corporation</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS FTR DIP-TL B 1L USD</title>
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          <other otherDesc="INTERNAL" value="FT0271752"/>
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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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          <couponKind>Floating</couponKind>
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        <name>FRONTIER COMMUNICATIONS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Gates Global LLC</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0190262"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>UTZ Quality Foods LLC</name>
        <lei>N/A</lei>
        <title>UTZ QUALITY FOODS LLC UTZQFD TL B 1L USD</title>
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          <other otherDesc="INTERNAL" value="FT0275016"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GRAY TELEVISION INC</name>
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        <title>Gray Television Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LIVE NATION ENTERTAINMEN</name>
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        <title>Live Nation Entertainment Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Caesars Resort Collection LLC</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pug LLC</name>
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          <other otherDesc="Internal" value="FT0251376"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Twin River Worldwide Holdings Inc</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="FT0234380"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>New Millennium Lender Claim</name>
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        <title>New Millennium Lender Claim</title>
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          <other otherDesc="INTERNAL" value="NMILTC02"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>Surf Holdings Sarl</name>
        <lei>N/A</lei>
        <title>SURF HOLDINGS SARL SOPHLN TL B 1L USD</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="FT0250496"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>AMERICAN ENERGY MARCELLUS FIRST LIEN WARRANTS</name>
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        <title>AMERICAN ENERGY MARCELLUS FIRST LIEN WARRANTS</title>
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          <other otherDesc="INTERNAL" value="FT0201379"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Envision Healthcare Corporation</name>
        <lei>N/A</lei>
        <title>ENTERPRISE MERGER SUB IN EVHC TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0219931"/>
        </identifiers>
        <balance>2435270.33850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2063891.61000000</valUSD>
        <pctVal>1.291188491058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.87075000</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>Logmein Inc</name>
        <lei>N/A</lei>
        <title>LOGMEIN INC LOGM TL B 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0265194"/>
        </identifiers>
        <balance>1447432.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1440195.32000000</valUSD>
        <pctVal>0.900998682803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.88088000</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>Array Technologies Inc</name>
        <lei>N/A</lei>
        <title>ARRAY TECHNOLOGIES INC ARRY TL B 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0269046"/>
        </identifiers>
        <balance>792841.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>795156.42000000</valUSD>
        <pctVal>0.497456752631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spirit Aerosystems Inc</name>
        <lei>N/A</lei>
        <title>SPIRIT AEROSYSTEMS INC SPR TL B 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0268300"/>
        </identifiers>
        <balance>354112.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>358539.22000000</valUSD>
        <pctVal>0.224305245592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00000000</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>New Millennium Corp Claim</name>
        <lei>N/A</lei>
        <title>New Millennium Corp Claim</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="NMILTC01"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000006256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAH Group Holding Company LLC</name>
        <lei>N/A</lei>
        <title>HAH GROUP HOLDING CO LLC HAHGRO TL DD 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0269734"/>
        </identifiers>
        <balance>54291.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54426.94000000</valUSD>
        <pctVal>0.034049965701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOYD GAMING CORP</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>Boyd Gaming Corp</title>
        <cusip>103304BS9</cusip>
        <identifiers>
          <isin value="US103304BS93"/>
          <other otherDesc="SEDOL" value="BMFK4H3"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56418.75000000</valUSD>
        <pctVal>0.035296059311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</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>Akorn Operating Company LLC</name>
        <lei>N/A</lei>
        <title>Akorn Operating Company</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0269142"/>
        </identifiers>
        <balance>313567.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>313827.81000000</valUSD>
        <pctVal>0.196333399720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Graham Packaging Company Inc</name>
        <lei>N/A</lei>
        <title>GRAHAM PACKAGING/GPC CAP REYN TL 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0264111"/>
        </identifiers>
        <balance>2919235.52410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2926124.92000000</valUSD>
        <pctVal>1.830609127822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-04</maturityDt>
          <couponKind>Floating</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>
      <invstOrSec>
        <name>Finastra USA Inc</name>
        <lei>549300ZB2RO6QC7YTK71</lei>
        <title>ALMONDE INC MSYLN TERM LOAN B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0176941"/>
        </identifiers>
        <balance>490964.21082000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>481606.43000000</valUSD>
        <pctVal>0.301297159512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-13</maturityDt>
          <couponKind>Floating</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>
      <invstOrSec>
        <name>Packers Holdings LLC</name>
        <lei>N/A</lei>
        <title>PACKERS HOLDINGS LLC PCKHLD TL 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0190263"/>
        </identifiers>
        <balance>1044433.08390000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1044171.98000000</valUSD>
        <pctVal>0.653243046644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.00000000</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>EPICOR SOFTWARE CORP EGLPT TL B 1L USD</name>
        <lei>N/A</lei>
        <title>EPICOR SOFTWARE CORP EGLPT TL B 1L USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0275938"/>
        </identifiers>
        <balance>1515149.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1518558.81000000</valUSD>
        <pctVal>0.950023561783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.00000000</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>LOGMEIN INC</name>
        <lei>549300D12V5KRBV00592</lei>
        <title>LogMeIn Inc</title>
        <cusip>541056AA5</cusip>
        <identifiers>
          <isin value="US541056AA53"/>
          <other otherDesc="SEDOL" value="BL6KYT7"/>
        </identifiers>
        <balance>291000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304822.50000000</valUSD>
        <pctVal>0.190699599682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MILEAGE PLUS HLDINGS LLC</name>
        <lei>N/A</lei>
        <title>Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd</title>
        <cusip>599191AA1</cusip>
        <identifiers>
          <isin value="US599191AA16"/>
          <other otherDesc="SEDOL" value="BMGHHT6"/>
        </identifiers>
        <balance>176000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192720.00000000</valUSD>
        <pctVal>0.120567303433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IHEARTCOMMUNICATIONS INC</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications Inc</title>
        <cusip>45174HBG1</cusip>
        <identifiers>
          <isin value="US45174HBG11"/>
          <other otherDesc="SEDOL" value="BKM81Q4"/>
        </identifiers>
        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>639337.50000000</valUSD>
        <pctVal>0.399975084884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>CINEWORLD WARRANT</name>
        <lei>N/A</lei>
        <title>CINEWORLD WARRANT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FT0273004"/>
        </identifiers>
        <balance>97523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72984709"/>
        <valUSD>54383.80000000</valUSD>
        <pctVal>0.034022976943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <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>2021-03-26</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Series Fund</ncom:nameOfApplicant>
      <ncom:signature>Donald P. Swade</ncom:signature>
      <ncom:signerName>Donald P. Swade</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
