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        <name>Bluemountain CLO 2014-2 Ltd.</name>
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        <name>Bluemountain CLO XXII LLC</name>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd.</name>
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        <name>Bluemountain CLO Ltd.</name>
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        <name>Bluemountain CLO 2018-3 LLC</name>
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      <invstOrSec>
        <name>Bluemountain CLO 2018-3 LLC</name>
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          <isin value="US09629VAG86"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Bluemountain CLO 2018-3 LTD/LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Bluemountain CLO 2018-3 LTD/LLC</name>
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        <title>BLUEM 2018-3A BR</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>BOSTON LENDING TRUST</name>
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        <title>BOLD 2022-2 A</title>
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        <name>Briggs &amp; Stratton Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding 2012-III Ltd.</name>
        <lei>N/A</lei>
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        <name>Comm 2016 Cor1 Mgt</name>
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        <name>Canyon Capital CLO 2014-1 Ltd.</name>
        <lei>549300W778MFSPI8C872</lei>
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        <name>Canyon Capital Clo Ltd.</name>
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        <name>Canyon Clo 2016-2. Ltd</name>
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        <name>Canyon Clo 2016-1 Ltd.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital Southwest Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Catamaran CLO Ltd. 2014-1 Ltd.</name>
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        <title>CRMN 2014-1A BR</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charah Solutions Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chenango Park CLO Ltd</name>
        <lei>N/A</lei>
        <title>CHPRK 2018-1A CR</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CION Investment Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crescent Capital BDC, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CROWN POINT CLO 4 Ltd</name>
        <lei>549300735PG2ZC70V672</lei>
        <title>CRNPT 2018-4A C</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Cumulus Media New Holdings Inc</name>
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        <name>Curaleaf Holdings Inc</name>
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        <name>Dakota Financial Llc</name>
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        <name>Dryden 40 Senior Loan Fund Limited Liability Company</name>
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        <name>Dryden 41 Senior Loan Fund LLC</name>
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        <name>Dryden 45 Senior Loan Fund</name>
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        <name>Dryden 50 Senior Loan Fund &amp; LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Dryden 50 Senior Loan Fund &amp; LLC</name>
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        <name>Ept 16 LLC</name>
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        <name>Ellington Clo Ii Llc</name>
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        <name>Fremf 2012 Kf01 Mortgage Trust</name>
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        <name>First American Funds Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>522 Funding Clo 2018-3(A) Ltd.</name>
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        <name>Fortress Credit Bsl VI Ltd.</name>
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        <name>Fortress Credit Bsl VI Ltd.</name>
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        <name>Fortress Credit BSL Limited</name>
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        <name>FORTRESS CREDIT BSL VIII LTD</name>
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        <name>Franklin Bsp Realty Trust Inc</name>
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        <name>Franklin Bsp Capital Corp.</name>
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        <name>Halcyon Ln Advisors Fdg 2018-2 Ltd/Llc</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Horizon Technology Finance Corporation</name>
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        <name>Hudson's Bay Simon JV Trust</name>
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        <name>Imperial Fund Mortgage Trust 2022-NQM7</name>
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        <name>Investcorp CR Mgmt BDC Inc</name>
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        <name>Investco Llc</name>
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        <name>Jamestown Clo Limited</name>
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        <name>JEFFERSON MILL CLO LTD</name>
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        <name>KKR Financial Clo 2007-1 Ltd.</name>
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        <name>Kkr Financial Clo 18 Ltd.</name>
        <lei>N/A</lei>
        <title>KKR 11 CR</title>
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          <isin value="US48250MAM91"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kkr Financial Clo 18 Ltd.</name>
        <lei>N/A</lei>
        <title>KKR 12 DR2</title>
        <cusip>48250RBL9</cusip>
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          <isin value="US48250RBL96"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5027595.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.03379900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kkr Financial Clo 18 Ltd.</name>
        <lei>N/A</lei>
        <title>KKR 12 BR2</title>
        <cusip>48250RBN5</cusip>
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          <isin value="US48250RBN52"/>
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        <balance>1125184.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1127212.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.63379800</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kkr Financial Clo 18 Ltd.</name>
        <lei>N/A</lei>
        <title>KKR 15 CR2</title>
        <cusip>48251MBG0</cusip>
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          <isin value="US48251MBG06"/>
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        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4509112.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.56763000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kkr Financial Clo 18 Ltd.</name>
        <lei>N/A</lei>
        <title>KKR 15 DR2</title>
        <cusip>48251MBJ4</cusip>
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          <isin value="US48251MBJ45"/>
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        <balance>0.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.66762800</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kkr Clo 20 Ltd 2017-20</name>
        <lei>549300HJX0LGFQYWTF96</lei>
        <title>KKR 20 DR</title>
        <cusip>48251TAL5</cusip>
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          <isin value="US48251TAL52"/>
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        <balance>11000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11087769.00000000</valUSD>
        <pctVal>0.330602588310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.57113000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kkr Clo 21 Ltd</name>
        <lei>5493008X0MRR4A6VYF15</lei>
        <title>KKR 21 C</title>
        <cusip>48252KAE9</cusip>
        <identifiers>
          <isin value="US48252KAE91"/>
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        <balance>14116000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14218199.84000000</valUSD>
        <pctVal>0.423942243765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.73379900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kkr Clo 21 Ltd</name>
        <lei>5493008X0MRR4A6VYF15</lei>
        <title>KKR 21 D</title>
        <cusip>48252KAG4</cusip>
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          <isin value="US48252KAG40"/>
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        <balance>4522000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4543732.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.53379800</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KKR CLO 24 LTD</name>
        <lei>549300LGO0WGOG6NE245</lei>
        <title>KKR 24 BR</title>
        <cusip>48252RAQ7</cusip>
        <identifiers>
          <isin value="US48252RAQ74"/>
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        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1605747.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57924000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kkr Clo  Ltd</name>
        <lei>549300GKHET0CQ690V42</lei>
        <title>KKR 22A B</title>
        <cusip>48252WAC7</cusip>
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          <isin value="US48252WAC73"/>
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        <balance>2150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2155310.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.52924000</annualizedRt>
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      <invstOrSec>
        <name>Kuvare United States Holdings Inc</name>
        <lei>254900MGBERNLZXF7O58</lei>
        <title>KUVARE 7 02/17/51</title>
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          <isin value="US50149XAA28"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lcm XVII LP</name>
        <lei>549300K6S4MWQOINB710</lei>
        <title>LCM 17A BRR</title>
        <cusip>50190AAR3</cusip>
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          <isin value="US50190AAR32"/>
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        <balance>1424431.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1425362.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.53380100</annualizedRt>
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      <invstOrSec>
        <name>Lcm XVII LP</name>
        <lei>549300K6S4MWQOINB710</lei>
        <title>LCM 17A CRR</title>
        <cusip>50190AAT9</cusip>
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          <isin value="US50190AAT97"/>
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        <balance>8330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8350208.58000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Lcm 27 LLC</name>
        <lei>N/A</lei>
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        <cusip>50200JAJ0</cusip>
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        <balance>4600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.88273800</annualizedRt>
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      <invstOrSec>
        <name>LCM 28 LTD / LCM 28 LLC</name>
        <lei>N/A</lei>
        <title>LCM 28A B</title>
        <cusip>50200WAC6</cusip>
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          <isin value="US50200WAC64"/>
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        <balance>137288.90000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Lcm 30 Ltd / Lcm 30 Llc</name>
        <lei>N/A</lei>
        <title>LCM 30A CR</title>
        <cusip>50200YAU2</cusip>
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        <balance>5750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5776519.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.92924000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LCM 29 Ltd / LCM 29 LLC</name>
        <lei>N/A</lei>
        <title>LCM 29A BR</title>
        <cusip>50201MAS2</cusip>
        <identifiers>
          <isin value="US50201MAS26"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1191877.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.53380100</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BCP Investment Corp.</name>
        <lei>254900YM5BVQKA01I468</lei>
        <title>LRFC 5 1/4 10/30/26</title>
        <cusip>541098AB5</cusip>
        <identifiers>
          <isin value="US541098AB52"/>
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        <balance>18000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17906400.00000000</valUSD>
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        <name>Mjx Venture Management Ii Llc</name>
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        <name>MORGAN STANLEY CAPTAL 24-BPR2</name>
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        <name>Mountain View CLO IX Ltd.</name>
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        <name>MOUNTAIN VIEW CLO</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN VIEW CLO</name>
        <lei>N/A</lei>
        <title>MVEW 2016-1A CR2</title>
        <cusip>62432FAU8</cusip>
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          <isin value="US62432FAU84"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3755677.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-14</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Mountain View CLO IX Ltd.</name>
        <lei>549300URXZ1TS31FK720</lei>
        <title>MVEW 2017-2A C</title>
        <cusip>62432LAE1</cusip>
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          <isin value="US62432LAE11"/>
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        <balance>467618.92000000</balance>
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        <curCd>USD</curCd>
        <valUSD>467910.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-16</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>National Commerce Capital Trust I</name>
        <lei>N/A</lei>
        <title>TFC Float 04/01/27</title>
        <cusip>635454AC5</cusip>
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          <isin value="US635454AC59"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6955453.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.90239000</annualizedRt>
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      <invstOrSec>
        <name>National Funding Inc</name>
        <lei>254900M755T2IVN0F977</lei>
        <title>NATLFD 5 3/4 08/31/26</title>
        <cusip>636190AA8</cusip>
        <identifiers>
          <isin value="US636190AA82"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3956192.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>New Mountain Finance Corporation</name>
        <lei>549300L1MPTT1H7SES77</lei>
        <title>NMFC 6 7/8 02/01/29</title>
        <cusip>647551AF7</cusip>
        <identifiers>
          <isin value="US647551AF79"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2039518.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>New Mountain Finance Corporation</name>
        <lei>549300L1MPTT1H7SES77</lei>
        <title>NMFC 6.2 10/15/27</title>
        <cusip>647551AG5</cusip>
        <identifiers>
          <isin value="US647551AG52"/>
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        <balance>42580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43115969.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Newark BSL CLO 2 Ltd</name>
        <lei>N/A</lei>
        <title>NBCLO 2017-1A BR</title>
        <cusip>65023PAS9</cusip>
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          <isin value="US65023PAS92"/>
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        <balance>3650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3658453.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67963000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NewtekOne Inc</name>
        <lei>549300YLU78IA8GKJ688</lei>
        <title>NEWT 8 3/8 04/01/30</title>
        <cusip>652526AE4</cusip>
        <identifiers>
          <isin value="US652526AE49"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2011198.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NexBank Capital, Inc.</name>
        <lei>549300H29S945S4X7A03</lei>
        <title>NEXBAN FLOAT PERP</title>
        <cusip>65341T305</cusip>
        <identifiers>
          <isin value="US65341T3059"/>
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        <balance>56000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56560000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nexpoint Real Estate Finance Inc</name>
        <lei>N/A</lei>
        <title>NREF 5 3/4 05/01/26</title>
        <cusip>65342VAA9</cusip>
        <identifiers>
          <isin value="US65342VAA98"/>
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        <balance>17228000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17044942.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northwoods Capital XII-B Ltd. / Northwoods Capital XII-B LLC</name>
        <lei>549300R06FSYRU75ZW78</lei>
        <title>WOODS 2018-12BA CR</title>
        <cusip>66858CAS6</cusip>
        <identifiers>
          <isin value="US66858CAS61"/>
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        <balance>12350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12362424.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.77320100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwoods Capital XVII</name>
        <lei>549300VSNJNLNM3KF997</lei>
        <title>WOODS 2018-17A C</title>
        <cusip>66860PAE4</cusip>
        <identifiers>
          <isin value="US66860PAE43"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1502556.00000000</valUSD>
        <pctVal>0.044801519826</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.78081200</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwoods Capital XVII</name>
        <lei>549300VSNJNLNM3KF997</lei>
        <title>WOODS 2018-17A D</title>
        <cusip>66860PAG9</cusip>
        <identifiers>
          <isin value="US66860PAG90"/>
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        <balance>8500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8555360.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.78080900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO 2014-5 Ltd.</name>
        <lei>254900NXH68CRC058O44</lei>
        <title>OCP 2014-5A BR</title>
        <cusip>67102SAQ7</cusip>
        <identifiers>
          <isin value="US67102SAQ75"/>
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        <balance>3505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3511431.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.72963000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OFS Cap Corp</name>
        <lei>549300XTK3HSWPDBJD13</lei>
        <title>OFS 7 1/2</title>
        <cusip>67103B803</cusip>
        <identifiers>
          <isin value="US67103B8037"/>
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        <balance>523281.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13286104.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OFS Cap Corp</name>
        <lei>549300XTK3HSWPDBJD13</lei>
        <title>OFS 4 3/4 02/10/26</title>
        <cusip>67103BAA8</cusip>
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          <isin value="US67103BAA89"/>
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        <balance>3479000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3479118.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Ozlm Vi</name>
        <lei>N/A</lei>
        <title>OZLM 2014-6A B1T</title>
        <cusip>67108LBP7</cusip>
        <identifiers>
          <isin value="US67108LBP76"/>
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        <balance>3595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3600820.31000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.66763100</annualizedRt>
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      <invstOrSec>
        <name>Ozlm Vi</name>
        <lei>N/A</lei>
        <title>OZLM 2014-6A CT</title>
        <cusip>67108LBR3</cusip>
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          <isin value="US67108LBR33"/>
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        <balance>16470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16526673.27000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Ozlm Xviii Limited</name>
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        <name>Ozlm Xviii Limited</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Ozlm XXI Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Ozlm XXIV Ltd.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-20</maturityDt>
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      <invstOrSec>
        <name>OWS CRE FUNDING III LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Octagon Investment Partners XXII Ltd.</name>
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        <title>OCT22 2014-1A CRR</title>
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          <isin value="US67572YBU55"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Octagon Investment Partners XXII Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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        <name>Octagon Investment Partners XIV Ltd.</name>
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        <title>OCT16 2013-1A BR</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <debtSec>
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        <name>Octagon Investment Partners XIV Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Octagon Investment Partners XVII Ltd.</name>
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        <name>Octagon Investment Partners XXI Ltd.</name>
        <lei>549300XIS9D4AHDX5A35</lei>
        <title>OCT21 2014-1A CR4</title>
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        <name>Octagon Investment Partners XXVII Ltd.</name>
        <lei>6354001JUH8Y4IJVGL43</lei>
        <title>OCT27 2016-1A CR</title>
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        <name>Octagon Investment Partners Ltd</name>
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        <title>OCT26 2016-1A CR</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Rockford Tower CLO 2019-2 Ltd.</name>
        <lei>549300IG5M07NI4QKK80</lei>
        <title>ROCKT 2019-2A CR2</title>
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          <isin value="US77341GAW06"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rockford Tower Clo 2018-1 Ltd/ Llc</name>
        <lei>549300KPFGDIQ0PMP224</lei>
        <title>ROCKT 2018-1A C</title>
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          <isin value="US77342JAE38"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rockford Tower CLO 2018-2 LTD/LLC</name>
        <lei>5493001SZ764RMCNU069</lei>
        <title>ROCKT 2018-2A C</title>
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          <isin value="US77342KAE01"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Romark Clo-I Ltd.</name>
        <lei>N/A</lei>
        <title>RMRK 2017-1A B</title>
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          <isin value="US77587UAE29"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Runway Growth Finance Corp</name>
        <lei>254900AXR3J2N1XT0V02</lei>
        <title>RWAY 7 1/4</title>
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          <isin value="US78163D4079"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SBL Holdings Inc.</name>
        <lei>635400MJW3QDSBJRKQ59</lei>
        <title>SECBEN 5.9 09/26/28</title>
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          <isin value="US78397DAE85"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMR MORTGAGE TRUST 2022-IND</name>
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        <title>SMR 2022-IND A</title>
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          <isin value="US78458MAA27"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMR MORTGAGE TRUST 2022-IND</name>
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        <cusip>78458MAC8</cusip>
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          <isin value="US78458MAC82"/>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SMR MORTGAGE TRUST 2022-IND</name>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Saratoga Investment Corp.</name>
        <lei>54930023WJCWPAGSWE41</lei>
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        <assetCat>EP</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Saratoga Investment Corp.</name>
        <lei>54930023WJCWPAGSWE41</lei>
        <title>SAR 4 3/8 02/28/26</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Saratoga Investment Corp.</name>
        <lei>54930023WJCWPAGSWE41</lei>
        <title>SAR 4.35 02/28/27</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SARATOGA INVESTMENT CORP</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shackleton 2014-V-R Clo Ltd / Llc</name>
        <lei>549300OM5GJJFIKCOZ48</lei>
        <title>SHACK 2014-5RA B</title>
        <cusip>81881JAE2</cusip>
        <identifiers>
          <isin value="US81881JAE29"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Shackleton 2014-V-R Clo Ltd / Llc</name>
        <lei>549300OM5GJJFIKCOZ48</lei>
        <title>SHACK 2014-5RA C</title>
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          <isin value="US81881JAG76"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Shackleton 2013-Iii Clo Ltd</name>
        <lei>549300S9WB2KLCOJR134</lei>
        <title>SHACK 2013-3A CR</title>
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          <isin value="US81881QAW69"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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      <invstOrSec>
        <name>Shenergy Co Ltd.</name>
        <lei>300300PA40YYCBW4WW70</lei>
        <title>SHACK 2013-4RA A2A</title>
        <cusip>81882HAC9</cusip>
        <identifiers>
          <isin value="US81882HAC97"/>
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        <balance>1650000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shenergy Co Ltd.</name>
        <lei>300300PA40YYCBW4WW70</lei>
        <title>SHACK 2013-4RA B</title>
        <cusip>81882HAE5</cusip>
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          <isin value="US81882HAE53"/>
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        <balance>1555000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shenergy Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sound Point CLO V Limited</name>
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        <name>Sound Point CLO V Limited</name>
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      <invstOrSec>
        <name>Sound Point CLO II Ltd.</name>
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        <title>SNDPT 2013-1A A3R</title>
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          <isin value="US83608GAS57"/>
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      <invstOrSec>
        <name>Sound Point Clo Ix  Ltd</name>
        <lei>549300W2FX6HEXN27U70</lei>
        <title>SNDPT 2015-2A BRRR</title>
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          <isin value="US83609GBQ73"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-20</maturityDt>
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      <invstOrSec>
        <name>Sound Point Clo Ix  Ltd</name>
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          <isin value="US83609GBS30"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-20</maturityDt>
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      <invstOrSec>
        <name>Sound Point CLO XVIII Limited/LLC</name>
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        <title>SNDPT 2017-4A B</title>
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          <isin value="US83609TAE73"/>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-21</maturityDt>
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      <invstOrSec>
        <name>Sound Point CLO IV Ltd.</name>
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        <title>SNDPT 2013-3RA B</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-18</maturityDt>
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      <invstOrSec>
        <name>Sound Point CLO IV Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2031-04-18</maturityDt>
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      <invstOrSec>
        <name>Sound Point Clo Vii  Ltd.</name>
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      <invstOrSec>
        <name>Sound point clo xix ltd</name>
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        <title>SNDPT 2018-1A D</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Sound Point  Clo Xvi Limited</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Sound Point Clo XXII Ltd.</name>
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        <name>Sound Pt Clo Xxi Ltd / Llc</name>
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      <invstOrSec>
        <name>Star Mountain Lower Middle-market Capital Corp.</name>
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        <name>Steele Creek Clo 2016 1 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Steele Creek Clo 2017 1 Ltd</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Steele Creek Clo 2014-1R Ltd.</name>
        <lei>N/A</lei>
        <title>STCR 2014-1RA C</title>
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          <isin value="US85816WAG96"/>
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        <curCd>USD</curCd>
        <valUSD>1917993.53000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STEELE CREEK CLO LTD 2019-1</name>
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          <isin value="US85817BAU35"/>
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        <curCd>USD</curCd>
        <valUSD>15019170.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Stellus Capital Investment Corporation</name>
        <lei>5493001DZV6QC1KUSC43</lei>
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          <isin value="US858568AC27"/>
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        <balance>31000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31031317.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Symphony CLO XVI Ltd.</name>
        <lei>5493004PWOYFPAFQVT02</lei>
        <title>SYMP 2015-16A C1RR</title>
        <cusip>87165VBB4</cusip>
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          <isin value="US87165VBB45"/>
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        <balance>4005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4013999.24000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Symphony Clo XIX</name>
        <lei>N/A</lei>
        <title>SYMP 2018-19A C</title>
        <cusip>87165YAG8</cusip>
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          <isin value="US87165YAG89"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2256086.25000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.68274000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Symphony Clo Xx Limited</name>
        <lei>N/A</lei>
        <title>SYMP 2018-20A CR2</title>
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          <isin value="US87166VBA52"/>
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        <balance>3880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3887049.96000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-16</maturityDt>
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          <annualizedRt>5.62113000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Symphony CLO XXII LTD/LLC</name>
        <lei>N/A</lei>
        <title>SYMP 2020-22A CR</title>
        <cusip>87167GCP3</cusip>
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          <isin value="US87167GCP37"/>
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        <balance>18250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18280970.25000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.76762800</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tci-Symphony Clo 2017-1 Ltd</name>
        <lei>N/A</lei>
        <title>TSYMP 2017-1A CR</title>
        <cusip>87232BAK8</cusip>
        <identifiers>
          <isin value="US87232BAK89"/>
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        <balance>2662000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2668002.81000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.73379900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tharaldson Hotel Portfolio Trust</name>
        <lei>N/A</lei>
        <title>THPT 2023-THL C</title>
        <cusip>87252LAG0</cusip>
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          <isin value="US87252LAG05"/>
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        <balance>10205047.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10413778.99000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.53369900</annualizedRt>
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      <invstOrSec>
        <name>Thl Credit Wr 2014-3K Clo Ltd</name>
        <lei>N/A</lei>
        <title>WINDR 2014-3KRA C</title>
        <cusip>88390BAG3</cusip>
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          <isin value="US88390BAG32"/>
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        <balance>10800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10823457.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Wind River 2015-1 CLO Ltd.</name>
        <lei>549300H4V7OE3OL7II20</lei>
        <title>WINDR 2015-1A C1</title>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-20</maturityDt>
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      <invstOrSec>
        <name>Wind River 2015-1 CLO Ltd.</name>
        <lei>549300H4V7OE3OL7II20</lei>
        <title>WINDR 2015-1A DR</title>
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          <isin value="US88432FBG37"/>
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        <balance>6000000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-20</maturityDt>
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      <invstOrSec>
        <name>Transamerica Capital II</name>
        <lei>N/A</lei>
        <title>AEGON 7.65 12/01/26</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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      <invstOrSec>
        <name>Trinitas CLO IV LLC</name>
        <lei>N/A</lei>
        <title>TRNTS 2016-4A CR</title>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinitas CLO IV LLC</name>
        <lei>N/A</lei>
        <title>TRNTS 2016-4A DR</title>
        <cusip>89640XAT3</cusip>
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        <balance>9200000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-18</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TRINITAS CLO XV LTD</name>
        <lei>N/A</lei>
        <title>TRNTS 2021-15A D</title>
        <cusip>89641XAJ4</cusip>
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          <isin value="US89641XAJ46"/>
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        <balance>20000000.00000000</balance>
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        <valUSD>20148500.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.68080900</annualizedRt>
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      <invstOrSec>
        <name>Trinity Capital Inc.</name>
        <lei>549300YGT4SBRQYDVU48</lei>
        <title>TRIN 7 7/8</title>
        <cusip>896442605</cusip>
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        <balance>1030072.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Trinity Capital Inc.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>VERDELITE STATIC CLO 2024-1 LTD/LLC</name>
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        <name>VERUS SEC TR 2023-5</name>
        <lei>984500BADC7CFE3B0756</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VERUS SECURITIZATION TRUST 2023-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VERUS SECURITIZATION TRUST 2023-3</name>
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      <invstOrSec>
        <name>Voya CLO 2014-4 Ltd</name>
        <lei>549300JHU3YI1LLL3V27</lei>
        <title>VOYA 2014-4A BR2</title>
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        <name>Voya CLO 2016-1 Limited</name>
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        <name>Voya CLO Limited</name>
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        <name>Voya CLO 2018-3 Ltd.</name>
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        <name>Voya CLO 2013-1 Ltd / Voya CLO 2013-1 LLC</name>
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      <invstOrSec>
        <name>Voya CLO Limited</name>
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      <invstOrSec>
        <name>Voya CLO 2019-3 Ltd. / Voya CLO 2019-3 LLC</name>
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        <name>W &amp; T Offshore Inc.</name>
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        <name>Whitehorse Finance Inc.</name>
        <lei>5493006LP9COIV2ZIB05</lei>
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        <issuerCat>RF</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>XCAL 2019-IL-1 MORTGAGE TRUST</name>
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        <title>XCAL 2019-1 A</title>
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        <curCd>USD</curCd>
        <valUSD>651420.24000000</valUSD>
        <pctVal>0.019423313871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00010100</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>X-Caliber Funding Llc</name>
        <lei>549300GGW5CBE4FDT866</lei>
        <title>XCALFD 5 09/01/24</title>
        <cusip>98373XAC4</cusip>
        <identifiers>
          <isin value="US98373XAC48"/>
        </identifiers>
        <balance>3300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3146665.17000000</valUSD>
        <pctVal>0.093823712394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>X-Caliber Funding Llc</name>
        <lei>549300GGW5CBE4FDT866</lei>
        <title>XCALFD 5 03/01/25</title>
        <cusip>98373XAX8</cusip>
        <identifiers>
          <isin value="US98373XAX84"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1998988.80000000</valUSD>
        <pctVal>0.059603593047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>X-Caliber Funding Llc</name>
        <lei>549300GGW5CBE4FDT866</lei>
        <title>XCAL 2023-MF9 A</title>
        <cusip>98373XBD1</cusip>
        <identifiers>
          <isin value="US98373XBD12"/>
        </identifiers>
        <balance>2868852.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2861455.70000000</valUSD>
        <pctVal>0.085319658152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.95000200</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>X-Caliber Funding Llc</name>
        <lei>549300GGW5CBE4FDT866</lei>
        <title>XCAL 2024-MSD A</title>
        <cusip>98373XBW9</cusip>
        <identifiers>
          <isin value="US98373XBW92"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4028820.00000000</valUSD>
        <pctVal>0.120126809986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.25000100</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>XRL ALC LLC</name>
        <lei>N/A</lei>
        <title>XRL 2025-OZK A</title>
        <cusip>98383MAA0</cusip>
        <identifiers>
          <isin value="US98383MAA09"/>
        </identifiers>
        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15192039.00000000</valUSD>
        <pctVal>0.452979081284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>XRL ALC LLC</name>
        <lei>N/A</lei>
        <title>XRL 2025-OZK B1</title>
        <cusip>98383MAB8</cusip>
        <identifiers>
          <isin value="US98383MAB81"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5057920.50000000</valUSD>
        <pctVal>0.150811367802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>13.50000000</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>X-CALI 2020-5 MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>XCALI 2020-5 A</title>
        <cusip>98401JAA5</cusip>
        <identifiers>
          <isin value="US98401JAA51"/>
        </identifiers>
        <balance>943580.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>941833.85000000</valUSD>
        <pctVal>0.028082539288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.08999800</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>ZAIS CLO 13, LIMITED</name>
        <lei>N/A</lei>
        <title>ZAIS 2019-13A C1R</title>
        <cusip>98876NBC7</cusip>
        <identifiers>
          <isin value="US98876NBC74"/>
        </identifiers>
        <balance>1850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1855910.75000000</valUSD>
        <pctVal>0.055337453154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.07218800</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>Z Capital Credit Partners CLO 2015-1 Ltd./Z Capital Credit Partners CLO 2015-1 LLC</name>
        <lei>N/A</lei>
        <title>ZCCP 2018-1A B</title>
        <cusip>98878CAG1</cusip>
        <identifiers>
          <isin value="US98878CAG15"/>
        </identifiers>
        <balance>1700639.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1704767.22000000</valUSD>
        <pctVal>0.050830825876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.38273900</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>Zais Clo 3 Ltd/Llc</name>
        <lei>549300SYHU0CNKIXQ691</lei>
        <title>ZCLO3 2015-3A BR</title>
        <cusip>98887HAN4</cusip>
        <identifiers>
          <isin value="US98887HAN44"/>
        </identifiers>
        <balance>2075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2085210.87000000</valUSD>
        <pctVal>0.062174465466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.58379900</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>Zais Clo 7 Ltd</name>
        <lei>549300XFDOUEB0QTZS87</lei>
        <title>ZAIS7 2017-2A C</title>
        <cusip>98887VAE3</cusip>
        <identifiers>
          <isin value="US98887VAE39"/>
        </identifiers>
        <balance>9822085.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9841631.25000000</valUSD>
        <pctVal>0.293446658606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.38380100</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>Zais Clo 11. Limited</name>
        <lei>549300FPW2E2MXLOFH93</lei>
        <title>ZAIS 2018-11A CR</title>
        <cusip>98887YAS6</cusip>
        <identifiers>
          <isin value="US98887YAS63"/>
        </identifiers>
        <balance>8825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8853142.04000000</valUSD>
        <pctVal>0.263973002423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.11763100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SNCR TL 1L USD</title>
        <cusip>BL5083896</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="7TV7HW7"/>
        </identifiers>
        <balance>21824816.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21197352.65000000</valUSD>
        <pctVal>0.632038749311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-24</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.31869200</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>B. RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
        <title>B. RILEY FIN 7R WARRANT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="RILYWRRNT"/>
        </identifiers>
        <balance>351012.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2169254.16000000</valUSD>
        <pctVal>0.064680373481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>US BANK NATIONAL ASSOCIATION</counterpartyName>
              <counterpartyLei>6BYL5QZYBDK8S7L73M02</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>B. Riley Financial Inc Com Warrants</issuerName>
                <issueTitle>B. Riley Financial Inc Com Warrants</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>351012.00000000</shareNo>
            <exercisePrice>10.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2032-04-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2057632.34000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SpecialTransportHolding</name>
        <lei>N/A</lei>
        <title>SpecialTransportHolding</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="STHOLDING"/>
        </identifiers>
        <balance>3242.01220000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6146821.55000000</valUSD>
        <pctVal>0.183278990959</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Two Roads Shared Trust</ncom:nameOfApplicant>
      <ncom:signature>Laura Szalyga</ncom:signature>
      <ncom:signerName>Laura Szalyga</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
