<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001677615</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>




    </filerInfo>
  </headerData>
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      <regName>Federated Hermes Project &amp; Trade Finance Tender Fund</regName>
      <regFileNumber>811-23174</regFileNumber>
      <regCik>0001677615</regCik>
      <regLei>254900KZZTQ7NIF5KQ63</regLei>
      <regStreet1>Federated Hermes Funds</regStreet1>
      <regStreet2>4000 Ericsson Drive</regStreet2>
      <regCity>Warrendale</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>15086-7561</regZipOrPostalCode>
      <regPhone>8003417400</regPhone>
      <seriesName>Federated Hermes Project &amp; Trade Finance Tender Fund</seriesName>
      <seriesLei>254900KZZTQ7NIF5KQ63</seriesLei>
      <repPdEnd>2026-03-31</repPdEnd>
      <repPdDate>2025-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>935851895.480000000000</totAssets>
      <totLiabs>16951935.290000000000</totLiabs>
      <netAssets>918899960.190000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
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      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>24930908.400000000000</cshNotRptdInCorD>
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      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
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        <monthlyReturnCats>
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          </foreignExchgContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="3845592.4800000000" netUnrealizedAppr="1982323.2600000000"/>
        <othMon2 netRealizedGain="968350.0900000000" netUnrealizedAppr="3022982.5400000000"/>
        <othMon3 netRealizedGain="633071.2200000000" netUnrealizedAppr="6097720.4300000000"/>
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      <mon1Flow redemption="0.00" reinvestment="0.00" sales="10000000.00"/>
      <mon2Flow redemption="0.00" reinvestment="0.00" sales="1.00"/>
      <mon3Flow redemption="1800000.00" reinvestment="10145959.53" sales="5900000.00"/>


      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>Securities Portfolio VaR</nameDesignatedIndex>
          <indexIdentifier>Designated Reference Portfolio is the Fund's Securities Portfolio</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>PURCHASED USD / SOLD EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="25FOKBB0ZSX"/>
        </identifiers>
        <balance>1.0</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8441422020"/>
        <valUSD>-1264281.0200000000</valUSD>
        <pctVal>-0.1375863614</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank NA</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <amtCurSold>42000000.0000000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>48490369.2000000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-09-26</settlementDt>
            <unrealizedAppr>-1264281.0200000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Oil Company of Azerbaijan Republic</name>
        <lei>N/A</lei>
        <title>State Oil Company of Azerbaijan Republic 2021 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="938QENII7"/>
        </identifiers>
        <balance>5000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5000000.0000000000</valUSD>
        <pctVal>0.5441288733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.1400000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Republic of Benin</name>
        <lei>N/A</lei>
        <title>The Republic of Benin EUR Tied Commercial Facility</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="941DHBII4"/>
        </identifiers>
        <balance>2057142.86</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>2373619.2700000000</valUSD>
        <pctVal>0.2583109558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-21</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navoi Mining and Metallurgical Company</name>
        <lei>N/A</lei>
        <title>Navoi Mining and Metallurgical Company Unsecured Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="943VFNII8"/>
        </identifiers>
        <balance>3504069.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3504069.3900000000</valUSD>
        <pctVal>0.3813330658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
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        <name>TDC Net A/S</name>
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        <title>TDC Net A/S EUR Sustainability Linked Senior Term Loan</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="953DYDII6"/>
        </identifiers>
        <balance>12750000.00</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>15018870.7700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.5000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Egyptian Ethylene &amp; Derivatives Company SAE</name>
        <lei>N/A</lei>
        <title>Egyptian Ethylene &amp; Derivatives Company SAE Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953HXEII6"/>
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        <balance>3494999.99</balance>
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        <curCd>USD</curCd>
        <valUSD>3494141.2000000000</valUSD>
        <pctVal>0.3802526229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3200000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern and Southern African Trade and Development Bank</name>
        <lei>2138004HC83AB2ENIZ64</lei>
        <title>Eastern and Southern African Trade and Development Bank 2022 Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953LHAII3"/>
        </identifiers>
        <balance>5000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4990327.6000000000</valUSD>
        <pctVal>0.5430762669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.2800000000</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>Medina Partnership, S.A.</name>
        <lei>95980009Z4RBNZPHLM09</lei>
        <title>Medina Partnership, S.A. EUR Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953PYRII8"/>
        </identifiers>
        <balance>5103159.28</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>5984175.9100000000</valUSD>
        <pctVal>0.6512325791</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.1900000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gridiron Fiber Corp.</name>
        <lei>254900FRDJ7U5ZYHHW28</lei>
        <title>Gridiron Fiber Corp. 2023 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953SAXII5"/>
        </identifiers>
        <balance>10972500.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10972500.0000000000</valUSD>
        <pctVal>1.1940908124</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of Cote d'Ivoire The</name>
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        <identifiers>
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        <balance>12500000.00</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>14724383.1100000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BlueNord Energy Denmark AS</name>
        <lei>213800GRFGOYKMAT8217</lei>
        <title>BLUENORD ENERGY DENMARK AS TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <balance>9947826.09</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9947826.0900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ithaca Energy (UK) Limited</name>
        <lei>213800PNX6EV1XVAFR95</lei>
        <title>Ithaca Energy (UK) LimitedRBL Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000B1F8"/>
        </identifiers>
        <balance>1942500.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1942500.0000000000</valUSD>
        <pctVal>0.2113940673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3100000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>PURCHASED USD / SOLD EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="25FOKBB0HCN"/>
        </identifiers>
        <balance>1.0</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8474763270"/>
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        <pctVal>-0.1409920161</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Toronto-Dominion Bank</counterpartyName>
              <counterpartyLei>PT3QB789TSUIDF371261</counterpartyLei>
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            <amtCurSold>42370000.0000000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>48699921.2300000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-07-28</settlementDt>
            <unrealizedAppr>-1295575.5800000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Harmony Gold Mining Company Limited</name>
        <lei>N/A</lei>
        <title>HARMONY GOLD MINING COMP LTD TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="933NVJII9"/>
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        <balance>5500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5500000.0000000000</valUSD>
        <pctVal>0.5985417606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.1300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alfa Lula Alto SARL</name>
        <lei>549300EXUOF3G2SCPA35</lei>
        <title>Alfa Lula Alto SARL Term Loan Tranche A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953LSXII1"/>
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        <balance>8675731.66</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8779115.8400000000</valUSD>
        <pctVal>0.9553940821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.7600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Glencore International AG</name>
        <lei>213800PSSU2QXF1WLR89</lei>
        <title>Glencore International AG 2022 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0002VJ7"/>
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        <balance>15582607.26</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15328561.5200000000</valUSD>
        <pctVal>1.6681425818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.8300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS DEL PERU</name>
        <lei>549300ZMGDLC9JT2OR80</lei>
        <title>PETROLEOS DEL PERU 2023 TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0006SC7"/>
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        <balance>13000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13005423.8600000000</valUSD>
        <pctVal>1.4153253263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.8200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEO ENERGY GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>NEO Energy Group LimitedRevolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000BM40"/>
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        <balance>9554532.19</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9554532.1900000000</valUSD>
        <pctVal>1.0397793671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.1500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Caliche Development Partners III LLC, SPV</name>
        <lei>N/A</lei>
        <title>Caliche Development Partners III LLC, SPV Senior Secured Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000C802"/>
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        <balance>5905566.92</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5900960.8700000000</valUSD>
        <pctVal>0.6421766379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5400000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAAG - Linhas Aereas de Angola</name>
        <lei>N/A</lei>
        <title>TAAG - Linhas Aereas de AngolaPre-Delivery Payments Financing Facility</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000FDY5"/>
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        <balance>16500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16481913.3600000000</valUSD>
        <pctVal>1.7936569892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.2800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government of The Republic of Kenya Acting through The National Treasury</name>
        <lei>N/A</lei>
        <title>Government of The Republic of Kenya Acting through The National Treasury 2019 Syndicated Term Loan facility</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="934HQAII6"/>
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        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000.0000000000</valUSD>
        <pctVal>0.2176515493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.1500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Guarantor Aercap Holdings N.V</name>
        <lei>N/A</lei>
        <title>Guarantor Aercap Holdings N.V Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="941VTUII9"/>
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        <balance>3427919.94</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3427919.9400000000</valUSD>
        <pctVal>0.3730460429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.8000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CC Energy Development Limited - BVI Incorporated</name>
        <lei>3003002B8IFJYQS02Y36</lei>
        <title>CC Energy Development Limited - BVI Incorporated Borrowing Base Facility</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="948AVXII9"/>
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        <balance>11000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11000000.0000000000</valUSD>
        <pctVal>1.1970835212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>OM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.2700000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Phoenix Tower International Chile SPA</name>
        <lei>N/A</lei>
        <title>Phoenix Tower International Chile SPA PTI Americas Syndicated Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="948DDFII2"/>
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        <balance>12000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12144741.7200000000</valUSD>
        <pctVal>1.3216609257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JSC UzAuto Motors</name>
        <lei>25490082QA3E2MKBZI88</lei>
        <title>JSC UzAuto Motors 2023 Unsecured Syndicated Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953GFGII3"/>
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        <balance>3200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3198760.8300000000</valUSD>
        <pctVal>0.3481076253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.4900000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Senegal Ministry of Finance and Budget</name>
        <lei>N/A</lei>
        <title>Republic of Senegal Ministry of Finance and Budget 2023 EUR 1st Lien Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0000GC3"/>
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        <balance>10937500.00</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.8700000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ten Ghana MV25 B.V.</name>
        <lei>5493006FDLBIFXFO2L56</lei>
        <title>Ten Ghana MV25 BV Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0002JJ1"/>
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        <balance>3673404.93</balance>
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        <curCd>USD</curCd>
        <valUSD>3433254.8000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.8200000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maher Terminal LLC</name>
        <lei>5493003O33D623BOS892</lei>
        <title>Maher Terminal LLC Senior Secured Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0002MF5"/>
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        <balance>9000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8987938.6500000000</valUSD>
        <pctVal>0.9781193862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.0800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prime Oil and Gas Cooperatief UA</name>
        <lei>549300TOUWS8F4NPOG76</lei>
        <title>Prime Oil and Gas Cooperatief UA Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0004DG9"/>
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        <balance>7067857.14</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6942975.1000000000</valUSD>
        <pctVal>0.7555746437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puma International Financing S.A.</name>
        <lei>222100YFBPO7IDRUBR17</lei>
        <title>Puma International Financing S.A. 2024 Sustainability Linked Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0004W86"/>
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        <balance>12018181.81</balance>
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        <fairValLevel>3</fairValLevel>
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        <name>Eastern and Southern African Trade and Development Bank</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <lei>2138004HC83AB2ENIZ64</lei>
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        <fairValLevel>N/A</fairValLevel>
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          <other otherDesc="Internal Identifier" value="BA000DC54"/>
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        <balance>5000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>5000000.0000000000</valUSD>
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        <invCountry>TR</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-29</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TURK EXIMBANK</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="BA000J6Y5"/>
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        <invCountry>TR</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>T.C. Ziraat Bankasi A.S.</name>
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        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>T.C. Ziraat Bankasi A.S.</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000KKG5"/>
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        <balance>5000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>4962854.8000000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.5400000000</annualizedRt>
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        <name>Avolon TLB Borrower 1 US LLC</name>
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        <title>Avolon TLB Borrower 1 US LLC2023 Term Loan B6</title>
        <cusip>05400KAJ9</cusip>
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        <curCd>USD</curCd>
        <valUSD>9958435.7100000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>Credit Agricole CIB</name>
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          <other otherDesc="Trade Identifier" value="25ELKBB492X"/>
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      <invstOrSec>
        <name>Federated Government Obligations Fund</name>
        <lei>254900VAJ9169N7JRF45</lei>
        <title>Federated Hermes Government Obligations Fund</title>
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          <ticker value="GOFXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ISLAMIC REPUBLIC OF PAKISTAN</name>
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        <title>ISLAMIC REPUBLIC OF PAKISTAN2025 Term Loan (PAK-216)</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000LDF3"/>
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        <balance>2409979.65</balance>
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        <curCd>USD</curCd>
        <valUSD>2414673.8300000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Sonangol Finance Ltd.</name>
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        <curCd>USD</curCd>
        <valUSD>12406446.9800000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>YINSON AZALEA PRODUCTION</name>
        <lei>254900G6K1J3N945GS77</lei>
        <title>Yinson Azalea Production Term Loan A</title>
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        <curCd>USD</curCd>
        <valUSD>10001278.4100000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>7.3300000000</annualizedRt>
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      <invstOrSec>
        <name>Vicentin S.A.I.C.</name>
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        <title>VICENTIN S.A.I.C. PRE EXPORT TERM LOAN</title>
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          <other otherDesc="LoanX ID" value="927MFGII3"/>
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        <curCd>USD</curCd>
        <valUSD>0.0000000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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      <invstOrSec>
        <name>The Sharjah Electricity and Water Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="LoanX ID" value="938MYSII3"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-23</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IHS Zambia</name>
        <lei>N/A</lei>
        <title>IHS Zambia 2021 Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="941EAZII6"/>
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        <balance>8398076.90</balance>
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        <curCd>USD</curCd>
        <valUSD>8572116.2900000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>9.5200000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Minister of Finance of Ukraine</name>
        <lei>N/A</lei>
        <title>Minister of Finance of Ukraine EUR Senior Unsecured Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="941XPRII6"/>
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        <balance>3500000.00</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PJSC Acron</name>
        <lei>N/A</lei>
        <title>PJSC Acron Syndicated Committed Pre-Export Finance Facility</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="943LUUII7"/>
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        <curCd>USD</curCd>
        <valUSD>6745876.3000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2026-05-18</maturityDt>
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      <invstOrSec>
        <name>International Beverage Tashkent</name>
        <lei>N/A</lei>
        <title>International Beverage Tashkent Term Loan</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>The Republic of Benin</name>
        <lei>N/A</lei>
        <title>The Republic of Benin EUR Fixed Uninsured Tied Commercial Facility</title>
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          <other otherDesc="Internal Identifier" value="944YDEII3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2026-12-21</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sonasing Xikomba Limited</name>
        <lei>5493002VK80U0VQRT352</lei>
        <title>Sonasing Xikomba Limited Term Loan</title>
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          <other otherDesc="Internal Identifier" value="945BKWII4"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.8500000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Azule Energy Holding Ltd</name>
        <lei>N/A</lei>
        <title>Azule Energy Holding Ltd Pre Export Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="948CZYII9"/>
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        <balance>15000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>15117288.9000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.8500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Venture Global Plaquemines LNG, LLC (VGPL)</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="948DEPII9"/>
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        <balance>13427519.22</balance>
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        <curCd>USD</curCd>
        <valUSD>13427519.2200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.5500000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yinson Bergenia Production B.V.</name>
        <lei>N/A</lei>
        <title>Yinson Bergenia Production B.V. Mini-Perm Senior Secured Project Financing</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="948EELII6"/>
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        <balance>14859600.00</balance>
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        <curCd>USD</curCd>
        <valUSD>14859600.0000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3800000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Impala Terminals Switzerland SAR</name>
        <lei>549300JKGMD4GU0YOP29</lei>
        <title>Impala Terminals Switzerland SAR Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="948EWHII5"/>
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        <balance>3191964.28</balance>
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        <curCd>USD</curCd>
        <valUSD>3191964.2800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.5300000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carmo Energy SA (Carmo) Brazil</name>
        <lei>N/A</lei>
        <title>Carmo Energy SA (Carmo) Brazil Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="948GTBII7"/>
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        <balance>10500000.01</balance>
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        <curCd>USD</curCd>
        <valUSD>10500000.0100000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.0800000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eastern and Southern African Trade and Development Bank</name>
        <lei>2138004HC83AB2ENIZ64</lei>
        <title>Eastern and Southern African Trade and Development Bank 2023 Tranche B 1 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="948TFWII8"/>
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        <balance>5000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>4966716.3000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.2700000000</annualizedRt>
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      <invstOrSec>
        <name>Papua New Guinea Liquefied Natural Gas Global Company LDC</name>
        <lei>N/A</lei>
        <title>Papua New Guinea Liquefied Natural Gas Global Company LDC 2013 Supplemental Senior Debt Uncovered Bank Term Loan Facility</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <balance>345349.60</balance>
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        <curCd>USD</curCd>
        <valUSD>345349.6000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.4400000000</annualizedRt>
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      <invstOrSec>
        <name>Eesti Energia AS</name>
        <lei>5493005044RTLQ5RZU70</lei>
        <title>Eesti Energia AS EUR Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="953FWKII7"/>
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        <balance>5999980.00</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.0100000000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Senegal Ministry of Finance and Budget</name>
        <lei>N/A</lei>
        <title>Republic of Senegal Ministry of Finance and Budget 2023 EUR Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="953HPJII4"/>
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        <balance>8000000.00</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.8800000000</annualizedRt>
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      <invstOrSec>
        <name>The Republic of Benin MOF 2</name>
        <lei>635400Q11P6AE5A5Y230</lei>
        <title>The Republic of Benin MOF 2 EUR Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953LSWII3"/>
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        <balance>2071428.58</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.0700000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alfa Lula Alto SARL</name>
        <lei>549300EXUOF3G2SCPA35</lei>
        <title>Alfa Lula Alto SARL Term Loan Tranche B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953LSYII9"/>
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        <balance>2015866.88</balance>
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        <curCd>USD</curCd>
        <valUSD>2034720.4000000000</valUSD>
        <pctVal>0.2214300237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.9600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Tower International (PTI) Iberica V, NewCo</name>
        <lei>N/A</lei>
        <title>Phoenix Tower International (PTI) Iberica V, NewCo EUR Refinancing Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="953PQFII3"/>
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        <balance>12775000.00</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>15530860.4600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.1300000000</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>
      <invstOrSec>
        <name>Phoenix Tower International (PTI) Iberica V, NewCo</name>
        <lei>N/A</lei>
        <title>Phoenix Tower International (PTI) Iberica V, NewCo EUR Acquisition/Capex Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <invCountry>IT</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Beta Lula Central SARL (Lux Incorporated)</name>
        <lei>549300RHAL8DJFKKRG68</lei>
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        <curCd>USD</curCd>
        <valUSD>11657917.7100000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Qatar Electricity and Water Company Q.P.S.C</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Heritage Petroleum Company Limited</name>
        <lei>25490055MYPABN06OA04</lei>
        <title>Heritage Petroleum Company Limited Term Loan</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0001VY6"/>
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        <balance>11832084.08</balance>
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        <curCd>USD</curCd>
        <valUSD>11832084.0800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-05</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HTA GROUP LTD</name>
        <lei>213800WEFU8O8X6EPU13</lei>
        <title>HTA Group Ltd 2024 Term Loan Tranche A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0004MM6"/>
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        <balance>5800000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5664607.0600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.5900000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marfrig Global Foods SA</name>
        <lei>391200219USWMOBN3F92</lei>
        <title>Marfrig Global Foods SA Advance on Foreign Exchange Contracts Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0004QH3"/>
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        <balance>12500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12520209.2500000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.9400000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ministry of Finance of Tanzania</name>
        <lei>N/A</lei>
        <title>Ministry of Finance of Tanzania 2019 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0004QJ9"/>
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        <balance>4000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4021200.3200000000</valUSD>
        <pctVal>0.4376102399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.4400000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ITG3 SARL</name>
        <lei>N/A</lei>
        <title>ITG3 SARL SENIOR SECURED TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0004R82"/>
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        <balance>6825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6825000.0000000000</valUSD>
        <pctVal>0.7427359120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.6800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government of Arab Republic of Egypt EGY-228 (GASC)</name>
        <lei>N/A</lei>
        <title>Government of Arab Republic of Egypt EGY-228 (GASC) Syndicated ITFC Murabaha facility (EGY/0228)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA00054Q4"/>
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        <balance>989563.04</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989563.0400000000</valUSD>
        <pctVal>0.1076899644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.7500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HTA Group Ltd</name>
        <lei>213800WEFU8O8X6EPU13</lei>
        <title>HTA GROUP LTD 2024 TRANCHE C TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0005CG7"/>
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        <balance>5722500.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5649545.8500000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.5900000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Cote d'Ivoire The</name>
        <lei>N/A</lei>
        <title>Republic of Cote d'Ivoire The 2020 EUR 7-Year Syndicated Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0005MJ0"/>
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        <balance>6583332.74</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>7754841.0700000000</valUSD>
        <pctVal>0.8439265868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3100000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tillman Infrastructure ABS SUB 1, LLC</name>
        <lei>549300QY0CJBJHW55V24</lei>
        <title>Tillman Infrastructure ABS SUB 1, LLC Term Loan Tranche A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0005RV8"/>
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        <balance>8500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8501723.5500000000</valUSD>
        <pctVal>0.9252066512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.3800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL BANK OF EGYPT</name>
        <lei>2138001QZGOK42KGQM03</lei>
        <title>National Bank of Egypt 2024 1st Lien Deferred Payment LC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0006FJ6"/>
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        <balance>15000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15000000.0000000000</valUSD>
        <pctVal>1.6323866199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.3200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Egyptian General Petroleum Company (EGPC)</name>
        <lei>N/A</lei>
        <title>Egyptian General Petroleum Company (EGPC)Syndicated ITFC Murabaha facility (EGY/0229)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0008NN4"/>
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        <balance>14000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14000000.0000000000</valUSD>
        <pctVal>1.5235608452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.1000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IHS Holding Limited, Cayman Island Incorporation</name>
        <lei>213800CLGMKL63VKTD94</lei>
        <title>IHS Holding Limited, Cayman Island Incorporation 2024 Unsecured Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0009536"/>
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        <balance>9500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9500000.0000000000</valUSD>
        <pctVal>1.0338448592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.7600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VANTAGE TOWERS AG</name>
        <lei>213800BBQO965UPQ7J59</lei>
        <title>Vantage Towers AGEUR Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0009DB9"/>
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        <balance>9000000.00</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>10601555.8400000000</valUSD>
        <pctVal>1.1537225269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.2300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joint Stock Commercial Bank Agrobank</name>
        <lei>N/A</lei>
        <title>Joint Stock Commercial Bank Agrobank2024 1st Lien Tranche A Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000BWC1"/>
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        <balance>8750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8750000.0000000000</valUSD>
        <pctVal>0.9522255282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.5200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GY-DW-UK-IV Limited</name>
        <lei>N/A</lei>
        <title>GY-DW-UK-IV LimitedSenior Secured Project Financing</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000BZP9"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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        <name>ENERGIA MAYAKAN S DE RL DE CV</name>
        <lei>2549004A4T5DABRBMJ37</lei>
        <title>Energia Mayakan S de RL de CVTerm Loan (2125M)</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <balance>4610029.26</balance>
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        <curCd>USD</curCd>
        <valUSD>4606919.0600000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>BANK OF INDUSTRY LIMITED</name>
        <lei>5493006N5JD4B34R6G14</lei>
        <title>Bank of Industry Limited2024 3 Year Syndicated AFC Term Loan</title>
        <cusip>000000000</cusip>
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        <valUSD>9917610.9000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eastern and Southern African Trade and Development Bank</name>
        <lei>2138004HC83AB2ENIZ64</lei>
        <title>Eastern and Southern African Trade and Development Bank2024 USD Tranche B Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000CPK9"/>
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        <balance>4000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>3889624.0400000000</valUSD>
        <pctVal>0.4232913493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.2600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dobson Technologies, Inc</name>
        <lei>549300I3VRNSI6JUXB69</lei>
        <title>Dobson Technologies, IncTerm Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000CZ77"/>
        </identifiers>
        <balance>10500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10358981.7500000000</valUSD>
        <pctVal>1.1273242136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.0800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE REPUBLIC OF ANGOLA</name>
        <lei>549300QHR2R3J8JSGK83</lei>
        <title>The Republic of Angola2024 Short -Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000D420"/>
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        <balance>11500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11467274.5700000000</valUSD>
        <pctVal>1.2479350383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.2300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>Telekom Srbija a. d. Beograd</name>
        <lei>254900OVY0XI1DFYC092</lei>
        <title>Telekom Srbija a. d. Beograd2024 EUR Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000DMY0"/>
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        <balance>9200000.00</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>10796831.6800000000</valUSD>
        <pctVal>1.1749735714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.5700000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OQ Exploration and Production SAOC</name>
        <lei>N/A</lei>
        <title>OQ Exploration and Production SAOCTerm Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000GFL9"/>
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        <balance>9000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8985190.9500000000</valUSD>
        <pctVal>0.9778203656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>OM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.0900000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>African Export-Import Bank</name>
        <lei>21380068LJCDYA42GJ76</lei>
        <title>African Export-Import Bank2025 Syndicated Commercial Facility</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000GJY7"/>
        </identifiers>
        <balance>7000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6989872.5400000000</valUSD>
        <pctVal>0.7606782939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.1700000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCURIA ENERGY TRADING SA</name>
        <lei>549300G6ZUFBJVLAJQ46</lei>
        <title>Mercuria Energy Trading SATerm Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000H3P1"/>
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        <balance>6666666.73</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6666666.7300000000</valUSD>
        <pctVal>0.7255051713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.8100000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIGERIA LNG LIMITED</name>
        <lei>N/A</lei>
        <title>Nigeria LNG LimitedCommercial Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000J6P4"/>
        </identifiers>
        <balance>8686741.93</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8487134.1500000000</valUSD>
        <pctVal>0.9236189485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.3100000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YECO LEASING LIMITED</name>
        <lei>N/A</lei>
        <title>Yeco Leasing LimitedSenior Secured Portfolio Aircraft Financing</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000J8P2"/>
        </identifiers>
        <balance>15485934.26</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15485934.2600000000</valUSD>
        <pctVal>1.6852687921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.3400000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of Cote d'Ivoire The</name>
        <lei>N/A</lei>
        <title>Republic of Cote d'Ivoire The2025 EUR 12 M Short Syndicated Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JHT4"/>
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        <balance>15000000.00</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>17669259.7300000000</valUSD>
        <pctVal>1.9228708777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.1600000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Antin Elephant Bidco B.V</name>
        <lei>213800G9QN7P1DCM3137</lei>
        <title>Antin Elephant Bidco B.VEUR Term Loan B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JJM7"/>
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        <balance>11968965.51</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8489320000"/>
        <valUSD>13954923.9800000000</valUSD>
        <pctVal>1.5186554124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.3400000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOINT STOCK COMPANY ASAKABANK</name>
        <lei>N/A</lei>
        <title>Joint Stock Company Asakabank2025 Syndicated Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JMY7"/>
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        <balance>10400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10400000.0000000000</valUSD>
        <pctVal>1.1317880564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.6300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>African Export-Import Bank</name>
        <lei>21380068LJCDYA42GJ76</lei>
        <title>African Export-Import Bank2025 Syndicated ITFC Murabaha facility (REG-209)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000JW67"/>
        </identifiers>
        <balance>4000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3991061.2800000000</valUSD>
        <pctVal>0.4343303355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.9400000000</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>GLENCORE INTERNATIONAL AG</name>
        <lei>213800PSSU2QXF1WLR89</lei>
        <title>Glencore International AG2023 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000KBD2"/>
        </identifiers>
        <balance>13000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13024363.0400000000</valUSD>
        <pctVal>1.4173863972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.3000000000</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>Staatsolie Maatschappij Suriname NV</name>
        <lei>N/A</lei>
        <title>Staatsolie Maatschappij Suriname NV2025 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000KGV7"/>
        </identifiers>
        <balance>16000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16000000.0000000000</valUSD>
        <pctVal>1.7412123945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.8300000000</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>P.M.I. Trading, DAC</name>
        <lei>N/A</lei>
        <title>PMI TRADING DACSingle Receivable discounting Term Loan 2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000LGP8"/>
        </identifiers>
        <balance>8953454.09</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8941125.5400000000</valUSD>
        <pctVal>0.9730249132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.0700000000</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>LEOPARD FUNDING LIMITED</name>
        <lei>254900V8VSBF43LD7986</lei>
        <title>LEOPARD FUNDING LIMITEDPre Export Finance Facility</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000LN70"/>
        </identifiers>
        <balance>6000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5940989.7600000000</valUSD>
        <pctVal>0.6465328129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.5700000000</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>YAPI VE KREDI BANKASI AS</name>
        <lei>B85ZYWEZ5IZCZ2WNIO12</lei>
        <title>YAPI VE KREDI BANKASI AS2022 Fixed Term Loan 1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000LQN2"/>
        </identifiers>
        <balance>10063350.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9509677.9700000000</valUSD>
        <pctVal>1.0348980718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2100000000</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>Venture Global Calcasieu Pass LLC</name>
        <lei>549300GKHS6RS20NLH85</lei>
        <title>Venture Global Calcasieu Pass, LLC Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX184853"/>
        </identifiers>
        <balance>9033482.20</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9033482.2000000000</valUSD>
        <pctVal>0.9830756983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.3000000000</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>TRANSNET SOC LTD</name>
        <lei>378900B07CD6F01EA796</lei>
        <title>Transnet SOC LtdTerm Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX205870"/>
        </identifiers>
        <balance>9400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9388967.9700000000</valUSD>
        <pctVal>1.0217617126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.8500000000</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>Sonangol Finance Ltd.</name>
        <lei>N/A</lei>
        <title>Sonangol Finance Ltd.2021 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX244953"/>
        </identifiers>
        <balance>3900000.04</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3900000.0400000000</valUSD>
        <pctVal>0.4244205255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.6800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-08-22</ncom:dateSigned>
      <ncom:nameOfApplicant>Federated Hermes Project &amp; Trade Finance Tender Fund</ncom:nameOfApplicant>
      <ncom:signature>Stephen Van Meter</ncom:signature>
      <ncom:signerName>Federated Hermes Project &amp; Trade Finance Tender Fund</ncom:signerName>
      <ncom:title>Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
