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        <title>Occidental Petroleum Corp</title>
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      <invstOrSec>
        <name>Hin Timeshare Trust</name>
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      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
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      <invstOrSec>
        <name>BLACKSTONE PRIVATE CRE</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>Blackstone Private Credit Fund</title>
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          <isin value="US09261HAD98"/>
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          <maturityDt>2026-12-15</maturityDt>
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      <invstOrSec>
        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>Newell Brands Inc</title>
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      <invstOrSec>
        <name>SBNA Auto Receivables Trust</name>
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        <name>SILGAN HOLDINGS INC</name>
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        <title>Silgan Holdings Inc</title>
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        <name>SYNCHRONY FINANCIAL</name>
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        <name>UNIVISION COMMUNICATIONS</name>
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        <title>Univision Communications Inc</title>
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      <invstOrSec>
        <name>F&amp;G ANNUITIES &amp; LIFE INC</name>
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        <name>Fannie Mae</name>
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        <name>FOUNDRY JV HOLDCO LLC</name>
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        <name>Greensky Home Improvement Issu</name>
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        <name>INEOS QUATTRO FINANCE 2</name>
        <lei>213800V48W4Y5MT5Q131</lei>
        <title>INEOS Quattro Finance 2 Plc</title>
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        <invCountry>GB</invCountry>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>LADDER CAP FIN LLLP/CORP</name>
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        <name>WRANGLER HOLDCO CORP</name>
        <lei>N/A</lei>
        <title>Wrangler Holdco Corp</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>IQVIA INC</name>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>MARS INC</name>
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        <title>Mars Inc</title>
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          <isin value="US571676AY11"/>
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        <curCd>USD</curCd>
        <valUSD>20251.52000000</valUSD>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Regional Management Issuance T</name>
        <lei>N/A</lei>
        <title>Regional Management Issuance Trust 2024-2</title>
        <cusip>75907AAA1</cusip>
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          <isin value="US75907AAA16"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30234.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.11000000</annualizedRt>
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      <invstOrSec>
        <name>American Heritage Auto Receiva</name>
        <lei>N/A</lei>
        <title>American Heritage Auto Receivables Trust 2024-1</title>
        <cusip>026944AC2</cusip>
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          <isin value="US026944AC26"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30310.51000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>BERRY GLOBAL INC</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global Inc</title>
        <cusip>08576BAB8</cusip>
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          <isin value="US08576BAB80"/>
          <other otherDesc="SEDOL" value="BSSB334"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>FERRELLGAS LP/FERRELLGAS</name>
        <lei>N/A</lei>
        <title>Ferrellgas LP / Ferrellgas Finance Corp</title>
        <cusip>315289AA6</cusip>
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          <isin value="US315289AA69"/>
          <other otherDesc="SEDOL" value="BLGZL35"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31144.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>ASHTON WOODS USA/FINANCE</name>
        <lei>N/A</lei>
        <title>Ashton Woods USA LLC / Ashton Woods Finance Co</title>
        <cusip>045086AK1</cusip>
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          <isin value="US045086AK16"/>
          <other otherDesc="SEDOL" value="BKKBHX4"/>
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        <balance>32000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31970.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc</title>
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          <isin value="US11135FCB58"/>
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        <curCd>USD</curCd>
        <valUSD>29647.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley BAML Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22</title>
        <cusip>61690FAP8</cusip>
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          <isin value="US61690FAP80"/>
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        <assetCat>ABS-MBS</assetCat>
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        <debtSec>
          <maturityDt>2048-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.56100000</annualizedRt>
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        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CLG4</cusip>
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          <isin value="US91282CLG41"/>
          <other otherDesc="SEDOL" value="BR2NN84"/>
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        <balance>220000.00000000</balance>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Secur</name>
        <lei>N/A</lei>
        <title>Bridgecrest Lending Auto Securitization Trust 2025-1</title>
        <cusip>10806HAE7</cusip>
        <identifiers>
          <isin value="US10806HAE71"/>
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        <balance>25000.00000000</balance>
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        <valUSD>25185.34000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <name>REGAL REXNORD CORP</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Rexnord Corp</title>
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        <issuerCat>CORP</issuerCat>
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        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CKY6</cusip>
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          <isin value="US91282CKY65"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2026-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Dext ABS</name>
        <lei>N/A</lei>
        <title>Dext ABS 2023-2 LLC</title>
        <cusip>25216CAC4</cusip>
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          <isin value="US25216CAC47"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30579.78000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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        <name>RIO TINTO FIN USA PLC</name>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
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      <invstOrSec>
        <name>Oportun Funding LLC</name>
        <lei>N/A</lei>
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          <isin value="US68377KAB35"/>
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        <debtSec>
          <maturityDt>2032-02-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.83000000</annualizedRt>
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      <invstOrSec>
        <name>The Huntington National Bank</name>
        <lei>N/A</lei>
        <title>Huntington Bank Auto Credit-Linked Notes Series 2024-1</title>
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          <isin value="US44644NAA72"/>
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        <balance>12878.36000000</balance>
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          <maturityDt>2032-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15300000</annualizedRt>
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      <invstOrSec>
        <name>BP CAPITAL MARKETS PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
        <title>BP Capital Markets PLC</title>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>N/A</maturityDt>
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        <name>GENESIS ENERGY LP/FIN</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP / Genesis Energy Finance Corp</title>
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      <invstOrSec>
        <name>TSC SPV FUNDING, LLC</name>
        <lei>N/A</lei>
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          <maturityDt>2054-08-20</maturityDt>
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      <invstOrSec>
        <name>ALASKA AIRLINES 2020 TR</name>
        <lei>N/A</lei>
        <title>Alaska Airlines 2020-1 Class A Pass Through Trust</title>
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          <isin value="US01166VAA70"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83368RBW1</cusip>
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          <isin value="US83368RBW16"/>
          <other otherDesc="SEDOL" value="BP2RDT3"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20410.74000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.63400000</annualizedRt>
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        <name>PHILIP MORRIS INTL INC</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc</title>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>REGAL REXNORD CORP</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Rexnord Corp</title>
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        <invCountry>US</invCountry>
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        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
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        <invCountry>US</invCountry>
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        <name>PRIME SECSRVC BRW/FINANC</name>
        <lei>N/A</lei>
        <title>Prime Security Services Borrower LLC / Prime Finance Inc</title>
        <cusip>74166MAE6</cusip>
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          <maturityDt>2028-01-15</maturityDt>
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      <invstOrSec>
        <name>SOFI CONSUMER LOAN PROGRAM TRU</name>
        <lei>N/A</lei>
        <title>SoFi Consumer Loan Program 2025-1 Trust</title>
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          <annualizedRt>4.80000000</annualizedRt>
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        <name>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties</title>
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          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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        <name>Hilton Grand Vacations Trust</name>
        <lei>N/A</lei>
        <title>Hilton Grand Vacations Trust 2024-2</title>
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        <name>SOUTHERN CO</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>BAT CAPITAL CORP</name>
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        <name>PNC FINANCIAL SERVICES</name>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
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          <isin value="US91282CJE21"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2025-10-31</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>AMERICAN ELECTRIC POWER</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc</title>
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          <isin value="US02557TAD19"/>
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          <maturityDt>2025-08-15</maturityDt>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
        <title>BBCMS Trust 2018-CBM</title>
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          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>U.S. Bank National Association</name>
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          <isin value="US90357PAV67"/>
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        <name>SMITH &amp; NEPHEW PLC</name>
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        <title>Smith &amp; Nephew PLC</title>
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        <invCountry>GB</invCountry>
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          <maturityDt>2030-10-14</maturityDt>
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          <annualizedRt>2.03200000</annualizedRt>
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      <invstOrSec>
        <name>BLOCK INC</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SOUTH BOW USA INFRA HLDS</name>
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        <invCountry>US</invCountry>

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        <name>COLT Funding LLC</name>
        <lei>213800MIPEZY1A8W1N28</lei>
        <title>COLT 2023-3 Mortgage Loan Trust</title>
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        <name>NABORS INDUSTRIES INC</name>
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        <title>Nabors Industries Inc</title>
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        <name>Oportun Funding LLC</name>
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        <name>KYNDRYL HOLDINGS INC</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings Inc</title>
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        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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        <name>Taco Bell Funding, LLC</name>
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        <name>Carvana Auto Receivables Trust</name>
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        <assetCat>ABS-O</assetCat>
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      <invstOrSec>
        <name>Woodward Capital Management</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Tharaldson Hotel Portfolio Tru</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
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        <name>HUNTINGTON BANCSHARES</name>
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      <invstOrSec>
        <name>GLS Auto Select Receivables Tr</name>
        <lei>N/A</lei>
        <title>GLS Auto Select Receivables Trust 2023-2</title>
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          <isin value="US36269EAC30"/>
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      <invstOrSec>
        <name>BANK OF NY MELLON CORP</name>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Ellington Financial Mortgage T</name>
        <lei>N/A</lei>
        <title>Ellington Financial Mortgage Trust 2020-2</title>
        <cusip>31573WAA9</cusip>
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          <isin value="US31573WAA99"/>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust</name>
        <lei>N/A</lei>
        <title>Flagship Credit Auto Trust 2024-3</title>
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        <name>BUCKEYE PARTNERS LP</name>
        <lei>549300C1PQJLVEIUBK50</lei>
        <title>Buckeye Partners LP</title>
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      <invstOrSec>
        <name>WEEKLEY HOMES LLC/ FINAN</name>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
        <title>BBCMS 2018-TALL Mortgage Trust</title>
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        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust 2025-ROIC</title>
        <cusip>05593VAJ2</cusip>
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        <name>GLOBAL ATLANTIC FIN CO</name>
        <lei>98450051B2E65CAA7E94</lei>
        <title>Global Atlantic Fin Co</title>
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        <name>DIRECTV FIN LLC/COINC</name>
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        <title>Directv Financing LLC / Directv Financing Co-Obligor Inc</title>
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        <name>COSTAR GROUP INC</name>
        <lei>984500Q1D53D08E2E698</lei>
        <title>CoStar Group Inc</title>
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      <invstOrSec>
        <name>HAT HOLDINGS I LLC/HAT</name>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2020-RPL4 Trust</title>
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          <isin value="US126405AA77"/>
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      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
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          <isin value="US91282CLC37"/>
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      <invstOrSec>
        <name>CVS HEALTH CORP</name>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
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        <title>Citigroup Inc</title>
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      <invstOrSec>
        <name>LAD Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>LAD Auto Receivables Trust 2025-1</title>
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          <isin value="US505712AG41"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2032-05-17</maturityDt>
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      <invstOrSec>
        <name>BUILDERS FIRSTSOURCE INC</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource Inc</title>
        <cusip>12008RAP2</cusip>
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          <isin value="US12008RAP29"/>
          <other otherDesc="SEDOL" value="BMD9BZ9"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9015.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>NMEF Funding LLC</name>
        <lei>N/A</lei>
        <title>NMEF Funding 2024-A LLC</title>
        <cusip>62919UAB9</cusip>
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          <isin value="US62919UAB98"/>
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        <balance>46978.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47183.33000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Mortgage Capita</name>
        <lei>N/A</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>BOEING CO/THE</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co/The</title>
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        <name>SABINE PASS LIQUEFACTION</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>Sabine Pass Liquefaction LLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>GLS Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>GLS Auto Receivables Issuer Trust 2023-1</title>
        <cusip>36266XAC4</cusip>
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          <isin value="US36266XAC48"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.19000000</annualizedRt>
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        <name>ALGONQUIN PWR &amp; UTILITY</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Discover Card Execution Note T</name>
        <lei>549300CKCX1QE4RUW216</lei>
        <title>Discover Card Execution Note Trust</title>
        <cusip>254683CZ6</cusip>
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        <balance>205000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>KRONOS ACQUISITION HOLDI</name>
        <lei>N/A</lei>
        <title>Kronos Acquisition Holdings Inc</title>
        <cusip>50106GAG7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>DT Auto Owner Trust</name>
        <lei>N/A</lei>
        <title>DT Auto Owner Trust 2023-3</title>
        <cusip>23345WAC9</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>95000U2V4</cusip>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24587.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.52600000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>SOUTH BOW CAN INFRA HOLD</name>
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      <invstOrSec>
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        <name>CITIGROUP INC</name>
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        <name>DT MIDSTREAM INC</name>
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        <name>New Residential Mortgage Loan</name>
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        <name>Exeter Automobile Receivables</name>
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        <name>Foursight Capital Automobile R</name>
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        <name>Woodward Capital Management</name>
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        <name>KEYCORP</name>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <name>PEAC Solutions Receivables LLC</name>
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        <name>NISOURCE INC</name>
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        <name>New Residential Mortgage Loan</name>
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        <name>CITIZENS FINANCIAL GROUP</name>
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        <name>MERITAGE HOMES CORP</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>Meritage Homes Corp</title>
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        <name>ENEL FINANCE INTL NV</name>
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        <name>Verus Securitization Trust</name>
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        <name>Onslow Bay Financial LLC</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <name>Starwood Mortgage Residential</name>
        <lei>N/A</lei>
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        <name>Auxilior Term Funding LLC</name>
        <lei>N/A</lei>
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        <name>US BANCORP</name>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <title>JPMorgan Chase &amp; Co</title>
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        <name>QUIKRETE HOLDINGS INC</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings Inc</title>
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        <name>SOUTHERN CAL EDISON</name>
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        <name>Drive Auto Receivables Trust</name>
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        <title>Drive Auto Receivables Trust 2024-1</title>
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        <name>US TREASURY N/B</name>
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        <name>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust 2025-INV1</title>
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        <name>Lendbuzz Securitization Trust</name>
        <lei>N/A</lei>
        <title>Lendbuzz Securitization Trust 2024-2</title>
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      <invstOrSec>
        <name>American Credit Acceptance Rec</name>
        <lei>N/A</lei>
        <title>American Credit Acceptance Receivables Trust 2025-1</title>
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        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co</title>
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          <isin value="US025816DX41"/>
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      <invstOrSec>
        <name>APPLOVIN CORP</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>AppLovin Corp</title>
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      <invstOrSec>
        <name>PUGET ENERGY INC</name>
        <lei>SYBSJ96YIDMIUY7WDR33</lei>
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      <invstOrSec>
        <name>Metlife Securitization Trust</name>
        <lei>N/A</lei>
        <title>METLIFE SECURITIZATION TRUST 2019-1</title>
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          <isin value="US59166EAB11"/>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2058-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ONEMAIN FINANCE CORP</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp</title>
        <cusip>85172FAQ2</cusip>
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          <isin value="US85172FAQ28"/>
          <other otherDesc="SEDOL" value="BK62TX5"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35276.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN INC</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNIVERSAL HEALTH SVCS</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>Universal Health Services Inc</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HEXCEL CORP</name>
        <lei>S6Q7LW43WUBUHXY2QP69</lei>
        <title>Hexcel Corp</title>
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        <curCd>USD</curCd>
        <valUSD>31546.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>CPS Auto Trust</name>
        <lei>N/A</lei>
        <title>Consumer Portfolio Services Auto Trust 2025-A</title>
        <cusip>12633SAC2</cusip>
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          <isin value="US12633SAC26"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30258.21000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Tricolor Auto Securitization T</name>
        <lei>N/A</lei>
        <title>Tricolor Auto Securitization Trust 2024-2</title>
        <cusip>89616PAC7</cusip>
        <identifiers>
          <isin value="US89616PAC77"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30466.12000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.93000000</annualizedRt>
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      <invstOrSec>
        <name>Diamond Resorts Owner Trust</name>
        <lei>N/A</lei>
        <title>Diamond Resorts Owner Trust 2021-1</title>
        <cusip>25273CAA8</cusip>
        <identifiers>
          <isin value="US25273CAA80"/>
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        <balance>17562.18690000</balance>
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        <curCd>USD</curCd>
        <valUSD>17353.82000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.51000000</annualizedRt>
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      <invstOrSec>
        <name>NGPL PIPECO LLC</name>
        <lei>549300K3NT1HSQFEM073</lei>
        <title>NGPL PipeCo LLC</title>
        <cusip>62912XAF1</cusip>
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          <isin value="US62912XAF15"/>
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        <balance>30000.00000000</balance>
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        <valUSD>30015.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-08-15</maturityDt>
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      <invstOrSec>
        <name>INEOS FINANCE PLC</name>
        <lei>2138002D68XDR4LZCG32</lei>
        <title>INEOS Finance PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust 2022-CLS</title>
        <cusip>05609XAA9</cusip>
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        <balance>110000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLS Auto Select Receivables Tr</name>
        <lei>N/A</lei>
        <title>GLS Auto Select Receivables Trust 2024-3</title>
        <cusip>37989EAG1</cusip>
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          <isin value="US37989EAG17"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.92000000</annualizedRt>
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      <invstOrSec>
        <name>BLUE OWL FINANCE LLC</name>
        <lei>254900OF2NO2GYFV5T41</lei>
        <title>Blue Owl Finance LLC</title>
        <cusip>09581JAR7</cusip>
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          <isin value="US09581JAR77"/>
          <other otherDesc="SEDOL" value="BRJZ275"/>
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        <balance>20000.00000000</balance>
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        <valUSD>17481.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>EQT CORP</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp</title>
        <cusip>26884LAY5</cusip>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5118.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTERGY CORP</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp</title>
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        <name>Westlake Automobile Receivable</name>
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        <name>Pawnee Equipment Receivables</name>
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        <name>Octane Receivables Trust</name>
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      <invstOrSec>
        <name>OneMain Financial Issuance Tru</name>
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        <name>BOEING CO/THE</name>
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        <name>ORACLE CORP</name>
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        <name>BOOZ ALLEN HAMILTON INC</name>
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        <name>ENBRIDGE INC</name>
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        <invCountry>CA</invCountry>
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        <name>Reach Financial LLC</name>
        <lei>N/A</lei>
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        <name>WEIR GROUP PLC (THE)</name>
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        <invCountry>GB</invCountry>
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        <name>Mission Lane Credit Card Maste</name>
        <lei>N/A</lei>
        <title>Mission Lane Credit Card Master Trust</title>
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        <name>LENDBUZZ AUTO RECEIVABLES TRUST</name>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>UNITED AIRLINES INC</name>
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        <name>Exeter Automobile Receivables</name>
        <lei>N/A</lei>
        <title>Exeter Automobile Receivables Trust 2023-2</title>
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        <name>DEUTSCHE BANK NY</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <issuerCat>USGSE</issuerCat>
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        <name>CPS Auto Trust</name>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.74000000</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>COTY/HFC PRESTIGE/INT US</name>
        <lei>N/A</lei>
        <title>Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC</title>
        <cusip>222070AG9</cusip>
        <identifiers>
          <isin value="US222070AG98"/>
          <other otherDesc="SEDOL" value="BNQNFX1"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30816.30000000</valUSD>
        <pctVal>0.280642757529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VONTIER CORP</name>
        <lei>549300VVSQLG4P5K4639</lei>
        <title>Vontier Corp</title>
        <cusip>928881AD3</cusip>
        <identifiers>
          <isin value="US928881AD35"/>
          <other otherDesc="SEDOL" value="BPVBWX3"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22382.04000000</valUSD>
        <pctVal>0.203832303836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</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>MEDLINE BORROWER/MEDL CO</name>
        <lei>N/A</lei>
        <title>Medline Borrower LP/Medline Co-Issuer Inc</title>
        <cusip>58506DAA6</cusip>
        <identifiers>
          <isin value="US58506DAA63"/>
          <other otherDesc="SEDOL" value="BQV0HY3"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5044.52000000</valUSD>
        <pctVal>0.045940233032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746RN3</cusip>
        <identifiers>
          <isin value="US949746RN35"/>
          <other otherDesc="SEDOL" value="BVFJP14"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29936.57000000</valUSD>
        <pctVal>0.272631093147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.87500000</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>BOOZ ALLEN HAMILTON INC</name>
        <lei>549300D7XCH2480XU542</lei>
        <title>Booz Allen Hamilton Inc</title>
        <cusip>09951LAB9</cusip>
        <identifiers>
          <isin value="US09951LAB99"/>
          <other otherDesc="SEDOL" value="BM9Y6N1"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4766.96000000</valUSD>
        <pctVal>0.043412505700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EquipmentShare</name>
        <lei>N/A</lei>
        <title>OWN Equipment Fund I LLC</title>
        <cusip>69121NAA6</cusip>
        <identifiers>
          <isin value="US69121NAA63"/>
        </identifiers>
        <balance>28195.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28563.88000000</valUSD>
        <pctVal>0.260130062627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>SPRINT CAPITAL CORP</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>Sprint Capital Corp</title>
        <cusip>852060AD4</cusip>
        <identifiers>
          <isin value="US852060AD48"/>
          <other otherDesc="SEDOL" value="2327354"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32095.91000000</valUSD>
        <pctVal>0.292296112375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</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>CHS/COMMUNITY HEALTH SYS</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc</title>
        <cusip>12543DBM1</cusip>
        <identifiers>
          <isin value="US12543DBM11"/>
          <other otherDesc="SEDOL" value="BPVBWV1"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25622.77000000</valUSD>
        <pctVal>0.233345496647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Virtus ETF Trust II</ncom:nameOfApplicant>
      <ncom:signature>Brinton W. Frith</ncom:signature>
      <ncom:signerName>Brinton W. Frith</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
