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        <name>Citigroup Inc.</name>
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        <name>Fidelity Instituti</name>
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        <name>Natixis US Medium Term Note Program LLC</name>
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        <name>Credit Suisse, Nassau Branch</name>
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        <name>Saratoga Investment Corp.</name>
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        <name>Jefferies Group LLC/Jefferies Group Capital Finance Inc</name>
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        <title>JEF 10 10/31/37</title>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C Float 08/29/34</title>
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        <name>CBL &amp; Associates Limited Partnership</name>
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        <name>Investcorp CR Mgmt BDC Inc</name>
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        <title>CMFN 6 1/8</title>
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        <name>Morgan Stanley Dean Witter Discover</name>
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        <title>MS Float 08/12/31</title>
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        <name>Newtek  Business Services Corporation</name>
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        <name>B. Riley Financial Inc</name>
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        <name>Jefferies Group LLC/Jefferies Group Capital Finance Inc</name>
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        <title>JEF 8 09/30/37</title>
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        <name>AmTrust Financial Services Inc.</name>
        <lei>549300SNNS1GRWBTGA28</lei>
        <title>AFSI 6 1/8 08/15/23</title>
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        <name>RiverNorth Specialty Finance Corporation</name>
        <lei>54930061II7PXY87SC72</lei>
        <title>RMPLX 5 7/8</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Bank of Nova Scotia</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIDUS INVESTMENT CORPORATION</name>
        <lei>549300836CRWCROFBC02</lei>
        <title>FDUS 6</title>
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          <isin value="US3165003050"/>
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        <balance>83184.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jefferies Group LLC/Jefferies Group Capital Finance Inc</name>
        <lei>NY9Q8VBNB6D1L6YV0J84</lei>
        <title>JEF 10 04/28/33</title>
        <cusip>47233JAL2</cusip>
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          <isin value="US47233JAL26"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-28</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>GS Finance Corp</name>
        <lei>549300FR80KBVO6DRL61</lei>
        <title>GS FLOAT 08/31/31</title>
        <cusip>40054KGZ3</cusip>
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          <isin value="US40054KGZ30"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94150.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.26400100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank of America Corporation</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC FLOAT 12/23/33</title>
        <cusip>06048WPJ3</cusip>
        <identifiers>
          <isin value="US06048WPJ35"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.86580200</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Suisse, Nassau Branch</name>
        <lei>N/A</lei>
        <title>CS 10 01/29/31</title>
        <cusip>22546VTV8</cusip>
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          <isin value="US22546VTV89"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-29</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Harvest Capital Credit Corporation</name>
        <lei>549300FQOJ24DD6JNQ51</lei>
        <title>HCAP 6 1/8</title>
        <cusip>41753F307</cusip>
        <identifiers>
          <isin value="US41753F3073"/>
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        <balance>60820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1393386.20000000</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>THL CREDIT INC</name>
        <lei>N/A</lei>
        <title>TCRD 6 1/8</title>
        <cusip>872438403</cusip>
        <identifiers>
          <isin value="US8724384032"/>
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        <balance>58925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1386505.25000000</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>Morgan Stanley Dean Witter Discover</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS Float 01/21/26</title>
        <cusip>61745E2K6</cusip>
        <identifiers>
          <isin value="US61745E2K60"/>
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        <balance>39000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33345.00000000</valUSD>
        <pctVal>0.025522772653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS FLOAT 08/19/33</title>
        <cusip>61760QDB7</cusip>
        <identifiers>
          <isin value="US61760QDB77"/>
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        <balance>123000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97477.50000000</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>2033-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.39500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>OFS Cap Corp</name>
        <lei>549300XTK3HSWPDBJD13</lei>
        <title>OFS 6 1/2</title>
        <cusip>67103B407</cusip>
        <identifiers>
          <isin value="US67103B4077"/>
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        <balance>7000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157570.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Priority Income Fund Inc</name>
        <lei>549300QXQ3QH1Z59TL58</lei>
        <title>PRIORT 6 1/4</title>
        <cusip>74274W202</cusip>
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          <isin value="US74274W2026"/>
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        <balance>48400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1138368.00000000</valUSD>
        <pctVal>0.871324266310</pctVal>
        <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>First Eagle Alternative Capital Bdc Inc</name>
        <lei>ZPFGW6VV73M9CW4FN909</lei>
        <title>TCRD 6 3/4</title>
        <cusip>872438304</cusip>
        <identifiers>
          <isin value="US8724383042"/>
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        <balance>106123.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2582842.80000000</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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      <invstOrSec>
        <name>OFS Cap Corp</name>
        <lei>549300XTK3HSWPDBJD13</lei>
        <title>OFS 5.95</title>
        <cusip>67103B506</cusip>
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          <isin value="US67103B5066"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>544750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Natixis US Medium Term Note Program LLC</name>
        <lei>549300MPTYP2BAQOK371</lei>
        <title>KNFP Float 10/31/34</title>
        <cusip>63873HKM5</cusip>
        <identifiers>
          <isin value="US63873HKM50"/>
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        <balance>150000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-31</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Bank of America Corporation</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC Float 11/19/24</title>
        <cusip>06048WPY0</cusip>
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          <isin value="US06048WPY02"/>
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        <balance>46000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.42909900</annualizedRt>
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      <invstOrSec>
        <name>SARANAC CLO VIII LIMITED</name>
        <lei>5493002KTJG5M0SYTB50</lei>
        <title>SRANC 2020-8A CF</title>
        <cusip>80316TAJ6</cusip>
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          <isin value="US80316TAJ60"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1004090.00000000</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>2033-02-20</maturityDt>
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      <invstOrSec>
        <name>Natixis US Medium Term Note Program LLC</name>
        <lei>549300MPTYP2BAQOK371</lei>
        <title>KNFP Float 11/30/30</title>
        <cusip>63873HGY4</cusip>
        <identifiers>
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        <balance>90000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TriplePoint Venture Growth BDC Corp</name>
        <lei>549300ATPBY6JIFH9Z88</lei>
        <title>TPVG 5 3/4</title>
        <cusip>89677Y308</cusip>
        <identifiers>
          <isin value="US89677Y3080"/>
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        <balance>64910.00000000</balance>
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        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Suisse AG London Branch</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>CS 10 04/29/31</title>
        <cusip>22548Q2R5</cusip>
        <identifiers>
          <isin value="US22548Q2R55"/>
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        <balance>103000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75705.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MPLX LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Medley Capital Corporation</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <title>New Mountain Finance Corporation COM</title>
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        <name>Morgan Stanley Finance LLC.</name>
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        <name>Black Diamond CLO Ltd</name>
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        <name>Washington Prime Group, L.P</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank of Nova Scotia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Briggs &amp; Stratton Corporation</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SACHEM CAPITAL CORP</name>
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        <name>READY CAP CORP</name>
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        <name>Stellus Capital Investment Corporation</name>
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        <name>Morgan Stanley</name>
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        <title>MS Float 02/28/34</title>
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        <name>Jefferies Group LLC/Jefferies Group Capital Finance Inc</name>
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        <name>Natixis US Medium Term Note Program LLC</name>
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        <title>KNFP Float 07/31/28</title>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>RY 9 07/31/34</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>PennantPark Investment Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>International Bank for Reconstruction and Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Mountain Finance Corporation</name>
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        <title>NMFC 5 3/4</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <cusip>78010UVX2</cusip>
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        <balance>50000.00000000</balance>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-30</maturityDt>
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      <invstOrSec>
        <name>Golar LNG Limited</name>
        <lei>213800C2VSFZG3EZLO34</lei>
        <title>GLNG 2 3/4 02/15/22</title>
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        <balance>1250000.00000000</balance>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Credit Suisse, Nassau Branch</name>
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        <title>CS Float 02/27/30</title>
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        <invCountry>CH</invCountry>

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        <name>Medallion Finl Cor</name>
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        <title>MFIN 9</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Montage Resources Corporation</name>
        <lei>54930070862I62NN3X72</lei>
        <title>MR 8 7/8 07/15/23</title>
        <cusip>27890GAB6</cusip>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Priority Income Fund Inc</name>
        <lei>549300QXQ3QH1Z59TL58</lei>
        <title>PRIORT 6 3/8</title>
        <cusip>74274W830</cusip>
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        <balance>8473.00000000</balance>
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        <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>New York Mortgage Trust, Inc.</name>
        <lei>549300JFGR0M7ULHWG48</lei>
        <title>NYMT 6 1/4 01/15/22</title>
        <cusip>649604AD7</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <title>New York Mortgage Trust, Inc. COM PAR $.02</title>
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      <invstOrSec>
        <name>FS KKR MM CLO 1 LLC</name>
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        <title>FSKMM 2019-1A A2</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>B. Riley Financial Inc</name>
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        <cusip>05580M801</cusip>
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        <name>Morgan Stanley Finance LLC.</name>
        <lei>5493003FCPSE9RKT4B56</lei>
        <title>MS 10 12/30/36</title>
        <cusip>61766YAY7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Natixis US Medium Term Note Program LLC</name>
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        <title>KNFP 10 11/27/33</title>
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        <name>Capitala Finance Corp</name>
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        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C Float 10/31/34</title>
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        <name>Gamestop Corp</name>
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        <name>Gladstone Capital Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Medley LLC</name>
        <lei>5493004BP5XOV8UGHN68</lei>
        <title>MEDCAP 7 1/4</title>
        <cusip>58503Y204</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <cusip>05574LHR2</cusip>
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          <isin value="US05574LHR24"/>
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        <balance>1551000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1178232.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.25999900</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C Float 06/18/34</title>
        <cusip>1730T0R50</cusip>
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          <isin value="US1730T0R502"/>
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        <balance>826000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>707221.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.52800000</annualizedRt>
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      <invstOrSec>
        <name>Oxford Square Cap Corp</name>
        <lei>549300EGQH8WWU1U6Q06</lei>
        <title>OXSQ 6 1/4</title>
        <cusip>69181V305</cusip>
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          <isin value="US69181V3050"/>
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        <balance>26194.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>590674.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Natixis US Medium Term Note Program LLC</name>
        <lei>549300MPTYP2BAQOK371</lei>
        <title>KNFP Float 08/29/33</title>
        <cusip>63873HLN2</cusip>
        <identifiers>
          <isin value="US63873HLN25"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673680.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.68200000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C Float 04/30/35</title>
        <cusip>1730T07K9</cusip>
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          <isin value="US1730T07K94"/>
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        <balance>726000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>490050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00009900</annualizedRt>
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      <invstOrSec>
        <name>Black Diamond CLO Ltd</name>
        <lei>N/A</lei>
        <title>BLACK 2013-1A BR</title>
        <cusip>09202LAQ3</cusip>
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          <isin value="US09202LAQ32"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>988215.00000000</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>2026-02-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.77287800</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS FLOAT 10/31/28</title>
        <cusip>61760QDQ4</cusip>
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          <isin value="US61760QDQ47"/>
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        <balance>144000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111240.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.34426200</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM Float 09/20/23</title>
        <cusip>48126D6Y0</cusip>
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          <isin value="US48126D6Y06"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117396.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.18400000</annualizedRt>
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      <invstOrSec>
        <name>Horizon Tech Fin C</name>
        <lei>N/A</lei>
        <title>HRZN 6 1/4</title>
        <cusip>44045A300</cusip>
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          <isin value="US44045A3005"/>
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        <balance>9404.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236604.64000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Customers Bancorp, Inc.</name>
        <lei>549300WLBCHYKZ53FN68</lei>
        <title>CUBI 4 1/2 09/25/24</title>
        <cusip>23204GAD2</cusip>
        <identifiers>
          <isin value="US23204GAD25"/>
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        <balance>1473000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1540564.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Blackrock Capital Investment Corp</name>
        <lei>H88PPRS67HRMQX6CRF26</lei>
        <title>BKCC 5 06/15/22</title>
        <cusip>092533AC2</cusip>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isContngtConvrtbl>N</isContngtConvrtbl>
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            <dbtSecRefInstrument>
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              <title>Blackrock Capital Investment Corp COM</title>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS FLOAT 07/20/25</title>
        <cusip>61760QGQ1</cusip>
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          <isin value="US61760QGQ10"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.41000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS FLOAT 08/30/28</title>
        <cusip>61760QDG6</cusip>
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          <isin value="US61760QDG64"/>
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        <balance>538000.00000000</balance>
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        <valUSD>457300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.36000100</annualizedRt>
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      <invstOrSec>
        <name>Gulfport Energy Corporation</name>
        <lei>549300FJX18IDUFPHD40</lei>
        <title>GPOR 6 5/8 05/01/23</title>
        <cusip>402635AE6</cusip>
        <identifiers>
          <isin value="US402635AE62"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1190480.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>RY Float 09/29/34</title>
        <cusip>78010UWN3</cusip>
        <identifiers>
          <isin value="US78010UWN35"/>
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        <balance>77000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-29</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Natixis US Medium Term Note Program LLC</name>
        <lei>549300MPTYP2BAQOK371</lei>
        <title>KNFP FLOAT 07/31/34</title>
        <cusip>63873HLU6</cusip>
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          <isin value="US63873HLU67"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33054.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-31</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MVC Capital Inc</name>
        <lei>5493003AXRTRR491J673</lei>
        <title>MVC 6 1/4</title>
        <cusip>553829409</cusip>
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        <balance>86149.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2067576.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>W &amp; T Offshore Inc.</name>
        <lei>549300Q7EOY2YIO3YK85</lei>
        <title>WTI 9 3/4 11/01/23</title>
        <cusip>92922PAL0</cusip>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>669140.00000000</valUSD>
        <pctVal>0.512169983308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS Float 07/31/28</title>
        <cusip>61760QCY8</cusip>
        <identifiers>
          <isin value="US61760QCY89"/>
        </identifiers>
        <balance>498000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>393420.00000000</valUSD>
        <pctVal>0.301129681132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.72700000</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>SACHEM CAPITAL CORP</name>
        <lei>N/A</lei>
        <title>SACH 6 7/8</title>
        <cusip>78590A307</cusip>
        <identifiers>
          <isin value="US78590A3077"/>
        </identifiers>
        <balance>69311.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1653427.77000000</valUSD>
        <pctVal>1.265558886575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUXURY LEASE PARTNERS AUTO LEASE TRUST 2019-ARC1</name>
        <lei>549300J5XQIZMR9LLR50</lei>
        <title>LLP 2019-ARC1 B</title>
        <cusip>55069RAB8</cusip>
        <identifiers>
          <isin value="US55069RAB87"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>487860.15000000</valUSD>
        <pctVal>0.373415615390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS Float 03/30/27</title>
        <cusip>61760QAP9</cusip>
        <identifiers>
          <isin value="US61760QAP90"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156275.00000000</valUSD>
        <pctVal>0.119615273547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.05956200</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>Ofs Credit Company Inc</name>
        <lei>549300A7A6U0QNX5FB55</lei>
        <title>OCCI 6 7/8</title>
        <cusip>67111Q206</cusip>
        <identifiers>
          <isin value="US67111Q2066"/>
        </identifiers>
        <balance>12498.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291953.28000000</valUSD>
        <pctVal>0.223465502801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Finance LLC.</name>
        <lei>5493003FCPSE9RKT4B56</lei>
        <title>MS Float 09/29/37</title>
        <cusip>61766YBX8</cusip>
        <identifiers>
          <isin value="US61766YBX85"/>
        </identifiers>
        <balance>921000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>695355.00000000</valUSD>
        <pctVal>0.532235344985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.94590100</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>Credit Suisse, Nassau Branch</name>
        <lei>ANGGYXNX0JLX3X63JN86</lei>
        <title>CS 10 08/28/30</title>
        <cusip>22546VJG2</cusip>
        <identifiers>
          <isin value="US22546VJG23"/>
        </identifiers>
        <balance>975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>838500.00000000</valUSD>
        <pctVal>0.641800715850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.16000200</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>Cowen Inc</name>
        <lei>5493008QI0EFC5WBED75</lei>
        <title>COWN 7 1/4 05/06/24</title>
        <cusip>223622AH4</cusip>
        <identifiers>
          <isin value="US223622AH49"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2093400.00000000</valUSD>
        <pctVal>1.602320356066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-06</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>MONROE</name>
        <lei>549300RZ898DGFGWKV04</lei>
        <title>MRCC 5 3/4</title>
        <cusip>610335200</cusip>
        <identifiers>
          <isin value="US6103352000"/>
        </identifiers>
        <balance>147588.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3387144.60000000</valUSD>
        <pctVal>2.592572246833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Float 04/30/33</title>
        <cusip>05574LHU5</cusip>
        <identifiers>
          <isin value="US05574LHU52"/>
        </identifiers>
        <balance>217000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140904.61000000</valUSD>
        <pctVal>0.107850542116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-30</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>FIDUS INVESTMENT CORPORATION</name>
        <lei>549300836CRWCROFBC02</lei>
        <title>FDUS 5 3/8</title>
        <cusip>316500404</cusip>
        <identifiers>
          <isin value="US3165004041"/>
        </identifiers>
        <balance>77164.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1786732.42000000</valUSD>
        <pctVal>1.367592303148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Finance Corp</name>
        <lei>549300FR80KBVO6DRL61</lei>
        <title>GS FLOAT 10/31/31</title>
        <cusip>40054KLP9</cusip>
        <identifiers>
          <isin value="US40054KLP92"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191957.00000000</valUSD>
        <pctVal>0.146926821720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.81999800</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>Medley Capital Corporation</name>
        <lei>549300JJH1QEB0RKNO53</lei>
        <title>MCC 6 1/8</title>
        <cusip>58503F304</cusip>
        <identifiers>
          <isin value="US58503F3047"/>
        </identifiers>
        <balance>76017.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1500317.12000000</valUSD>
        <pctVal>1.148365654882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newtek  Business Services Corporation</name>
        <lei>549300YLU78IA8GKJ688</lei>
        <title>NEWT 5 3/4</title>
        <cusip>652526609</cusip>
        <identifiers>
          <isin value="US6525266093"/>
        </identifiers>
        <balance>139032.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3397942.08000000</valUSD>
        <pctVal>2.600836803057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS FLOAT 08/19/28</title>
        <cusip>61760QDA9</cusip>
        <identifiers>
          <isin value="US61760QDA94"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182250.00000000</valUSD>
        <pctVal>0.139496935556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.10400100</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>Portman Ridge Finance Corporation</name>
        <lei>254900YM5BVQKA01I468</lei>
        <title>PTMN 6 1/8</title>
        <cusip>48668E309</cusip>
        <identifiers>
          <isin value="US48668E3099"/>
        </identifiers>
        <balance>165680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4016083.20000000</valUSD>
        <pctVal>3.073971464133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saratoga Investment Corp.</name>
        <lei>54930023WJCWPAGSWE41</lei>
        <title>SAR 7 1/4</title>
        <cusip>80349A604</cusip>
        <identifiers>
          <isin value="US80349A6047"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1141875.00000000</valUSD>
        <pctVal>0.874008577712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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"/>

      <explntrNote note="ISO country code is not applicable for supra/multinational securities." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-08-28</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>
