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          <other otherDesc="Internal ID" value="922VXD003"/>
        </identifiers>
        <balance>-641860.500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-646683.010000</valUSD>
        <pctVal>-0.0182145</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300L8G1E7ZHVEOG75" name="NATIXIS SECURITIES AMERICAS LLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.830000</repurchaseRt>
          <maturityDt>2025-07-16</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>800000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>806964.800000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="975ZWH002"/>
        </identifiers>
        <balance>-8736300.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>-10303169.730000</valUSD>
        <pctVal>-0.290199</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="BFM8T61CT2L1QCEMIK50" name="UBS AG"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>2.180000</repurchaseRt>
          <maturityDt>2027-06-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>10000000.000000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>9946931.500000</collateralVal>
              <collateralCd>EUR</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
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        <balance>-3569808.460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3576666.460000</valUSD>
        <pctVal>-0.10074</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.320000</repurchaseRt>
          <maturityDt>2025-12-18</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>5395067.800000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>4762536.560000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING TRUST 2015-R2</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2015 R2 6A2 144A</title>
        <cusip>05990TAV9</cusip>
        <identifiers>
          <isin value="US05990TAV98"/>
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        <balance>2740195.540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2907570.520000</valUSD>
        <pctVal>0.0818945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00408</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>MRCD 2019-PRKC MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>MRCD 2019 PRKC MORTGAGE TRUST MRCD 2019 PRKC A 144A</title>
        <cusip>55348UAA6</cusip>
        <identifiers>
          <isin value="US55348UAA60"/>
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        <balance>5500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>560416.450000</valUSD>
        <pctVal>0.0157847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.25</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
        </identifiers>
        <balance>-12170895.610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-12184610.370000</valUSD>
        <pctVal>-0.343191</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.795225</repurchaseRt>
          <maturityDt>2025-08-22</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>52875651.920000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>17546721.400000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <balance>-5887219.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5934758.290000</valUSD>
        <pctVal>-0.167158</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.100000</repurchaseRt>
          <maturityDt>2025-08-05</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>7835000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>7213284.920000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
        </identifiers>
        <balance>-7362676.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-7462808.390000</valUSD>
        <pctVal>-0.210197</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.440000</repurchaseRt>
          <maturityDt>2025-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>16062000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>10326675.750000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BONANZA RE LTD</name>
        <lei>5493003F0CXUQ2C83105</lei>
        <title>BONANZA RE LTD UNSECURED 144A 01/26 VAR</title>
        <cusip>09785EAN1</cusip>
        <identifiers>
          <isin value="US09785EAN13"/>
        </identifiers>
        <balance>350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296205.000000</valUSD>
        <pctVal>0.0083429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.29727</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>N/A</name>
        <lei>N/A</lei>
        <title>ZCS BRL 12.015 03/17/22-01/04/27 CME</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZRJXWLB0F67"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="5.433100"/>
        <valUSD>-1697498.380000</valUSD>
        <pctVal>-0.0478117</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="BRL" fixedOrFloating="Fixed" fixedRt="12.046700"/>
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            <pmntCurCd>BRL</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>BRL</rcptCurCd>
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            <curCd>BRL</curCd>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTHRACITE LTD 2004-HY1A</name>
        <lei>N/A</lei>
        <title>ANTHRACITE LTD SER 2004 HY1 CL D 144A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="US03702YAD22"/>
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        <balance>6135413.430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61.350000</valUSD>
        <pctVal>0.0000017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.678</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>AMERIQUEST MORTGAGE SECURITIES 2005-R7</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R7 M4</title>
        <cusip>03072SK38</cusip>
        <identifiers>
          <isin value="US03072SK387"/>
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        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>388909.880000</valUSD>
        <pctVal>0.010954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34868</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>280 PARK AVENUE 2017-280P MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>280 PARK AVENUE MORTGAGE TRUST PRK 2017 280P F 144A</title>
        <cusip>90205FAQ3</cusip>
        <identifiers>
          <isin value="US90205FAQ37"/>
        </identifiers>
        <balance>7233000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6951974.800000</valUSD>
        <pctVal>0.195809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.43899</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>CLARITEV CORPORATION</name>
        <lei>N/A</lei>
        <title>CLARITEV CORP SR SECURED 144A 03/31 6.75</title>
        <cusip>62548MAA8</cusip>
        <identifiers>
          <isin value="US62548MAA80"/>
        </identifiers>
        <balance>8197447.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5779200.140000</valUSD>
        <pctVal>0.162777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBISOFT ENTERTAINMENT</name>
        <lei>969500I7C8V1LBIMSM05</lei>
        <title>UBISOFT ENTERTAINMENT SA 2022 EUR TERM LOAN</title>
        <cusip>BA000G3F5</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BL4091148"/>
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        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="923TKQ002"/>
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              <counterpartyInfo lei="549300WO2DKF0Q3YMV43" name="CREDIT AGRICOLE SECURITIES (USA) INC."/>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="922VXD003"/>
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          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
              <counterpartyInfo lei="549300L8G1E7ZHVEOG75" name="NATIXIS SECURITIES AMERICAS LLC"/>
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              <invstCat>CDS</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="926FJM000"/>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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            <repurchaseCollateral>
              <principalAmt>49844708.680000</principalAmt>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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      <invstOrSec>
        <name>MRCD 2019-PARK MORTGAGE TRUST</name>
        <lei>N/A</lei>
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          <isin value="US55348UBA51"/>
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        <curCd>USD</curCd>
        <valUSD>4411200.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STEPSTONE GROUP MIDCO 2 GMBH</name>
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          <other otherDesc="Internal ID" value="BL4814622"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25CLKBCMQBL"/>
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        <balance>1.000000</balance>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
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            <unrealizedAppr>-553406.810000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BWAY MORTGAGE TRUST 2021-1450</name>
        <lei>N/A</lei>
        <title>BWAY MORTGAGE TRUST BWAY 2021 1450 E 144A</title>
        <cusip>12430YAN0</cusip>
        <identifiers>
          <isin value="US12430YAN04"/>
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        <balance>7654000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6273335.510000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.27624</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>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-3</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC   SCRT SCRT 2020 3 BXS 144A</title>
        <cusip>35563PUB3</cusip>
        <identifiers>
          <isin value="US35563PUB39"/>
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        <balance>3251751.820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1892272.750000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.75124</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MORTGAGE ACQI CORP 2006-CW1</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 CW1 M3</title>
        <cusip>46628MAJ5</cusip>
        <identifiers>
          <isin value="US46628MAJ53"/>
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        <balance>4518232.390000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4248669.680000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CORESTATE CAPITAL HOLDING SA</name>
        <lei>529900GNB86RB7HRX793</lei>
        <title>CORESTATE CAPITAL HOLD SR SECURED 12/26 10</title>
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          <isin value="DE000A3LJQY6"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <pctVal>0.0104264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <balance>-21517650.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-21608358.850000</valUSD>
        <pctVal>-0.60862</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.420000</repurchaseRt>
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            <repurchaseCollateral>
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              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>INTELSAT EMERGENCE SA CALL EXP17FEB27</title>
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        <identifiers>
          <isin value="LU2445093987"/>
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        <balance>1073.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2576.150000</valUSD>
        <pctVal>0.0000726</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>INTELSAT SA</issuerName>
                <issueTitle>INTELSAT SA/LUXEMBOURG</issueTitle>
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            <shareNo>N/A</shareNo>
            <exercisePrice>60.150000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
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            <delta>XXXX</delta>
            <unrealizedAppr>-3727.720000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
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        <balance>-252994.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-253808.780000</valUSD>
        <pctVal>-0.0071488</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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            <repurchaseCollateral>
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              <collateralVal>305148.610000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ZCS BRL 11.87 03/22/22-01/04/27 CME</title>
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        <currencyConditional curCd="BRL" exchangeRt="5.433100"/>
        <valUSD>-62081.190000</valUSD>
        <pctVal>-0.0017486</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>N/A</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-1</name>
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      </invstOrSec>
      <invstOrSec>
        <name>WINDMILL III RE DESIGNATED ACTIVITY COMPANY</name>
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      </invstOrSec>
      <invstOrSec>
        <name>STWD 2021-HTS MORTGAGE TRUST 2021-HTS</name>
        <lei>N/A</lei>
        <title>STARWOOD COMMERCIAL MORTGAGE T STWD 2021 HTS F 144A</title>
        <cusip>78486DAL4</cusip>
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          <isin value="US78486DAL47"/>
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        <curCd>USD</curCd>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2005-WMC3</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2005 WMC3 M6</title>
        <cusip>61744CQC3</cusip>
        <identifiers>
          <isin value="US61744CQC37"/>
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        <balance>8636348.850000</balance>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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          <transCat>Reverse repurchase</transCat>
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              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
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              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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        <securityLending>
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      <invstOrSec>
        <name>CSMC SERIES 2011-5R</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2011 5R 6A7 144A</title>
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        <identifiers>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>GREENPOINT MANUFACTURED HOUSING 1999-5</name>
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        <title>GREENPOINT MANUFACTURED HOUSIN GPMH 1999 5 M2</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERIQUEST MTGE SECURITIES INC 2005-R9</name>
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        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R9 M3</title>
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        <issuerCat>CORP</issuerCat>
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        <name>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2024-2</name>
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        <title>FREDDIE MAC   SCRT SCRT 2024 2 BXS 144A</title>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MORGAN STANLEY</title>
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        <name>N/A</name>
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        <name>WHLN 2024-ACRA-FF2</name>
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        <name>UKRAINE GOVT</name>
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        <securityLending>
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        <name>BANK OF AMERICA MTG SEC 2002-G</name>
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        <title>BANC OF AMERICA MORTGAGE SECUR BOAMS 2002 G 1B3</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2022-RRI</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-12</name>
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        <name>N/A</name>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>FREDDIE MAC REMICS 3907</name>
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        <title>FREDDIE MAC FHR 3907 MS</title>
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        <name>OBOL FRANCE 25</name>
        <lei>969500K3AWY66FOPOS97</lei>
        <title>OBOL FRANCE 3 SAS 2024 EUR TERM LOAN B</title>
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          <other otherDesc="Internal ID" value="BL4728129"/>
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        <name>CIT MTGE LOAN TRUST 2007-1</name>
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        <title>CIT MORTGAGE LOAN TRUST CITM 2007 1 1M2 144A</title>
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        <issuerCat>CORP</issuerCat>
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        <name>EATON VANCE CDO LTD 2013-1A</name>
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        <name>THAMES WATER SUPER SENIOR ISSUER PLC</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>EUROSAIL PLC 2007-3X</name>
        <lei>N/A</lei>
        <title>EUROSAIL PLC ESAIL 2007 3X D1A REGS</title>
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          <isin value="XS0308673945"/>
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        <isRestrictedSec>N</isRestrictedSec>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
              <counterpartyInfo lei="549300F35UE0BOM1WJ55" name="SG AMERICAS SECURITIES, LLC"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GSAMP TRUST 2006-HE4</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2006 HE4 M1</title>
        <cusip>362439AF8</cusip>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>WHLN 2024-CV3-FF1</name>
        <lei>N/A</lei>
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        <cusip>958LWZII6</cusip>
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          <other otherDesc="Internal ID" value="WHLNPL994"/>
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        <curCd>USD</curCd>
        <valUSD>29716841.890000</valUSD>
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        <securityLending>
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      <invstOrSec>
        <name>VERUS SECURITIZATION TRUST 2021-R1</name>
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        <name>N/A</name>
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        <name>N/A</name>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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        <name>STEENBOK LUX FINCO 2 SARL</name>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH MTGE LOAN TRUST 2004-5</name>
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          <isin value="US542514HH04"/>
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        <securityLending>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1</name>
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        <curCd>USD</curCd>
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        <name>X CORPORATION</name>
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      <invstOrSec>
        <name>N/A</name>
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        <repurchaseAgrmt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <balance>-250200.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-252245.390000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <assetCat>RA</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="R0MUWSFPU8MPRO8K5P83" name="BNP PARIBAS"/>
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            <repurchaseCollateral>
              <principalAmt>3235000.000000</principalAmt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2022-B</name>
        <lei>N/A</lei>
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          <isin value="US83206NAF42"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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          <fwdDeriv derivCat="FWD">
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-JS2</name>
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        <name>N/A</name>
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          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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            <repurchaseCollateral>
              <principalAmt>199144426.700000</principalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GHANA GOVT</name>
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        <curCd>USD</curCd>
        <valUSD>115942.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-03</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2005-WMC5</name>
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        <curCd>USD</curCd>
        <valUSD>4665762.290000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNAC CHINA HOLDINGS LIMITED</name>
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          <isin value="XS2708721159"/>
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        <balance>11580.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1423.990000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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        <name>COMMONWEALTH RE LTD</name>
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        <curCd>USD</curCd>
        <valUSD>1000000.000000</valUSD>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>GLG EURO CLO 1A</name>
        <lei>N/A</lei>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO GOLDMAN</title>
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          <other otherDesc="Internal ID" value="913ZLM008"/>
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        <curCd>USD</curCd>
        <valUSD>-19912410.920000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="KD3XUN7C6T14HNAYLU02" name="Goldman Sachs Bank USA"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="922VXD003"/>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300L8G1E7ZHVEOG75" name="NATIXIS SECURITIES AMERICAS LLC"/>
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        <securityLending>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TREASURY BILL 09/25 0.00000</title>
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        <curCd>USD</curCd>
        <valUSD>12767970.440000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>None</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT KWD SOLD USD 20260521</title>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>GSAMP TRUST 2004-AHL</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2004 AHL M2</title>
        <cusip>36242DHR7</cusip>
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          <isin value="US36242DHR70"/>
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        <balance>515013.100000</balance>
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        <curCd>USD</curCd>
        <valUSD>501460.530000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.15868</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>LION III RE DESIGNATED ACTIVITY COMPANY</name>
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          <isin value="XS2356204052"/>
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        <isRestrictedSec>N</isRestrictedSec>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FJKBBPDTV"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TRY" exchangeRt="40.051300"/>
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        <pctVal>-0.0008425</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT TRY SOLD USD 20250729</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FIKBBZCQ3"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TRY" exchangeRt="40.695500"/>
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        <pctVal>0.0012802</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2022-DNA2</name>
        <lei>N/A</lei>
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        <cusip>35564KSQ3</cusip>
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          <isin value="US35564KSQ30"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.8052</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2005-HE12</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2005 HE12 M4</title>
        <cusip>0738795T1</cusip>
        <identifiers>
          <isin value="US0738795T17"/>
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        <balance>799237.660000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>765911.130000</valUSD>
        <pctVal>0.0215726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.51368</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>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH REVERSE REPO GBP ZCP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="971NVK007"/>
        </identifiers>
        <balance>-1356600.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <pctVal>-0.0525363</pctVal>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="GGDZP1UYGU9STUHRDP48" name="Merrill Lynch International"/>
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          <maturityDt>2025-09-18</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <invstCat>ABS</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2005-HE1</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2005 HE1 M6</title>
        <cusip>004421KZ5</cusip>
        <identifiers>
          <isin value="US004421KZ59"/>
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        <balance>14419739.240000</balance>
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        <curCd>USD</curCd>
        <valUSD>11275476.170000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.70868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ABS INC 2004-HE10</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2004 HE10 M6</title>
        <cusip>073879MW5</cusip>
        <identifiers>
          <isin value="US073879MW52"/>
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        <balance>393108.910000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513518.800000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MORGAN STANLEY</title>
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          <other otherDesc="Internal ID" value="913ZLU000"/>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-C</name>
        <lei>N/A</lei>
        <title>NEW CENTURY HOME EQUITY LOAN T NCHET 2005 C M1</title>
        <cusip>64352VNZ0</cusip>
        <identifiers>
          <isin value="US64352VNZ03"/>
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        <balance>327544.230000</balance>
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        <curCd>USD</curCd>
        <valUSD>315085.140000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN MTGE ACQUIS CORP 2007-CH1</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE ACQUISITION JPMAC 2007 CH1 MF1</title>
        <cusip>46630LAH7</cusip>
        <identifiers>
          <isin value="US46630LAH78"/>
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        <balance>600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>615208.560000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.291</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>BRIDGEGATE FUNDING PLC 2023-1A</name>
        <lei>N/A</lei>
        <title>BRIDGEGATE FUNDING PLC BRGTE 2023 1A F 144A</title>
        <cusip>ACI2C6Q06</cusip>
        <identifiers>
          <isin value="XS2549050628"/>
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        <balance>15333000.000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPM CHASE REVERSE REPO GBP ZCP</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="971NVG006"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBNA AUTO RECEIVABLES TRUST 2025-SF1</name>
        <lei>N/A</lei>
        <title>SBNA AUTO RECEIVABLES TRUST SBAT 2025 SF1 F 144A</title>
        <cusip>78437XAF3</cusip>
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        <curCd>USD</curCd>
        <valUSD>1620196.240000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <cusip>126673VR0</cusip>
        <identifiers>
          <isin value="US126673VR03"/>
        </identifiers>
        <balance>78777.640000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73405.780000</valUSD>
        <pctVal>0.0020675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.16868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.10000 09/17/24-4Y* CME</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZZN5GNZTS74"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5791159.080000</valUSD>
        <pctVal>0.163114</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>USD-SOFR-COMPOUND</issueTitle>
                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU027851-USD-SOFR-COMPOUND"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.100000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            </floatingPmntDesc>
            <terminationDt>2028-03-21</terminationDt>
            <upfrontPmnt>376653.000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>340000000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>5414506.080000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP 2006-OP1</name>
        <lei>N/A</lei>
        <title>ACE SECURITIES CORP. ACE 2006 OP1 M1</title>
        <cusip>00442PAG5</cusip>
        <identifiers>
          <isin value="US00442PAG54"/>
        </identifiers>
        <balance>7943500.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6171684.050000</valUSD>
        <pctVal>0.173831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.85368</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>COUNTRYWIDE ALTERNATIVE LOAN TRUST 2005-58</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 58 A2</title>
        <cusip>12668AWJ0</cusip>
        <identifiers>
          <isin value="US12668AWJ05"/>
        </identifiers>
        <balance>321533.110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99147.690000</valUSD>
        <pctVal>0.0027926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21206</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>BEAR STEARNS ABS INC 2004-HE7</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2004 HE7 M2</title>
        <cusip>073879EV6</cusip>
        <identifiers>
          <isin value="US073879EV61"/>
        </identifiers>
        <balance>10882.330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10743.480000</valUSD>
        <pctVal>0.0003026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.15868</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>BAYOU RE LTD</name>
        <lei>N/A</lei>
        <title>BAYOU RE LTD UNSECURED 144A 04/31 VAR</title>
        <cusip>07304LAD3</cusip>
        <identifiers>
          <isin value="US07304LAD38"/>
        </identifiers>
        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430240.000000</valUSD>
        <pctVal>0.0121181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>22.8113</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>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST 2005-HE3</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2005 HE3 M5</title>
        <cusip>04541GQY1</cusip>
        <identifiers>
          <isin value="US04541GQY16"/>
        </identifiers>
        <balance>15969.550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17048.350000</valUSD>
        <pctVal>0.0004802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.43868</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>ALBA PLC 2006-2</name>
        <lei>N/A</lei>
        <title>ALBA FRN 15DEC38 GBP</title>
        <cusip>B1HMYZII8</cusip>
        <identifiers>
          <isin value="XS0272907287"/>
        </identifiers>
        <balance>100.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>47164.330000</valUSD>
        <pctVal>0.0013284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>GHANA GOVT</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>REPUBLIC OF GHANA SR UNSECURED 144A 07/26 0.0000</title>
        <cusip>374422AL7</cusip>
        <identifiers>
          <isin value="US374422AL79"/>
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        <balance>62400.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60637.580000</valUSD>
        <pctVal>0.0017079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>ALBA PLC 2006-2</name>
        <lei>N/A</lei>
        <title>ALBA PLC ALBA 2006 2 SUB REGS</title>
        <cusip>991ZCLII7</cusip>
        <identifiers>
          <isin value="XS0271780651"/>
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        <balance>3316207.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>3062775.840000</valUSD>
        <pctVal>0.086266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.33961</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-5111262.500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5124091.770000</valUSD>
        <pctVal>-0.144325</pctVal>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>NUMERICABLE U S LLC TERM LOAN B 11</title>
        <cusip>67053NAL8</cusip>
        <identifiers>
          <isin value="US67053NAL82"/>
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        <balance>299234.690000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>310102.820000</valUSD>
        <pctVal>0.0087343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.186</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MORGAN STANLEY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="973MRB002"/>
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        <balance>-715673.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>-843602.390000</valUSD>
        <pctVal>-0.0237609</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="4PQUHN3JPFGFNF3BB653" name="MORGAN STANLEY &amp; CO. INTERNATIONAL PLC"/>
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          <maturityDt>2027-06-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <principalCd>EUR</principalCd>
              <collateralVal>715725.500000</collateralVal>
              <collateralCd>EUR</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INCORA INTERMEDIATE II LLC</name>
        <lei>N/A</lei>
        <title>INCORA INTERMEDIATE II SR SECURED 144A 01/30 VAR</title>
        <cusip>45338XAA3</cusip>
        <identifiers>
          <isin value="US45338XAA37"/>
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        <balance>37839231.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37839230.990000</valUSD>
        <pctVal>1.06578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.35</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUCHAN (ELO SACA)</name>
        <lei>969500ASEC557H5A4F22</lei>
        <title>ELO SACA SR UNSECURED REGS 07/27 3.25</title>
        <cusip>ACI1NZ8Z5</cusip>
        <identifiers>
          <isin value="FR0013524865"/>
        </identifiers>
        <balance>3300000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>3754487.990000</valUSD>
        <pctVal>0.105749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25</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>CORESTATE CAPITAL HOLDING SA</name>
        <lei>529900GNB86RB7HRX793</lei>
        <title>CORESTATE CAPITAL HOLD SR UNSECURED REGS 12/26 8</title>
        <cusip>ACI11QWM1</cusip>
        <identifiers>
          <isin value="DE000A19YDA9"/>
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        <balance>1321740.020000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>630562.530000</valUSD>
        <pctVal>0.0177604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>GREAT HALL MORTGAGES PLC 2007-2X</name>
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        <title>FREMONT HOME LOAN TRUST FHLT 2006 2 M1</title>
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          <isin value="US35729PPZ70"/>
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        <issuerCat>CORP</issuerCat>
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        <name>ENVISION HEALTHCARE OPERATING INC</name>
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      <invstOrSec>
        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2020-BOC</name>
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        <debtSec>
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      <invstOrSec>
        <name>COMMERCIAL MTAGE PASSTHRU CERT 2005-C6</name>
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        <name>ALTICE FRANCE SA</name>
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        <curCd>USD</curCd>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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      <invstOrSec>
        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-8</name>
        <lei>N/A</lei>
        <title>ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 8 7M1</title>
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        <debtSec>
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        <name>BANC OF AMERICA FUNDING CORP 2006-4</name>
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        <issuerCat>CORP</issuerCat>
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        <name>ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-HE3</name>
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      <invstOrSec>
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        <name>STRUCTURED ASSET INVST LN TR 2006-3</name>
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        <name>PROMOTORA DE INFORMACIONES SA (PRISA)</name>
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        <name>STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A</name>
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          <isin value="XS2777487468"/>
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        <name>SOLERA LLC (POLARIS NEWCO LLC)</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-02</maturityDt>
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        <name>FANNIE MAE REMICS 2021-59</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>POLESTAR RE LTD</name>
        <lei>N/A</lei>
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        <name>KEYCORP STUDENT LOAN TRUST 2002-A</name>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-2</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CONSUMER LOAN UNDERLYING BOND CLUB CERTIFICATE ISSUER TRUST 2020-1</name>
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        <title>CONSUMER LOAN UNDERLYING BOND CLUBC 2020 1 PT 144A</title>
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        <name>LONG BEACH MTGE LOAN TRUST 2004-4</name>
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        <name>UNICORN BAY (HONG KONG) INVESTMENTS LIMITED</name>
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        <name>MFT TRUST 2020-ABC E</name>
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        <name>CHARLES RIVER RE LTD</name>
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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      <invstOrSec>
        <name>CHASE MORTGAGE FINANCE CORP 2007-A1</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>280 PARK AVENUE 2017-280P MORTGAGE TRUST</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>JP MORGAN MTGE ACQUIS CORP 2007-CH1</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-C</name>
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        <issuerCat>CORP</issuerCat>
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        <name>ECOPETROL SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-1</name>
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        <title>NEW CENTURY HOME EQUITY LOAN T NCHET 2005 1 M3</title>
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          <isin value="US64352VKC45"/>
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        <curCd>USD</curCd>
        <valUSD>147317.190000</valUSD>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ALTICE FRANCE HOLDING SA</name>
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          <isin value="XS2138140798"/>
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        <invCountry>LU</invCountry>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>CONSECO FINANCE SECURITIZATION 2000-3</name>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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        <name>NOMURA RESECURITIZATION TRUST 2015-1R</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>GSAMP TRUST 2006-SD1</name>
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        <name>N/A</name>
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        <name>J&amp;J VENTURES GAMING LLC</name>
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        <assetCat>LON</assetCat>
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        <name>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-LOOP</name>
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        <title>JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 LOOP E 144A</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.99019</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>PAGAYA AI DEBT SELECTION TRUST 2024-PT2</name>
        <lei>N/A</lei>
        <title>PAGAYA AI DEBT SELECTION TRUST PAID 2024 PT2 E 144A</title>
        <cusip>69546YAB7</cusip>
        <identifiers>
          <isin value="US69546YAB74"/>
        </identifiers>
        <balance>579613.150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563189.710000</valUSD>
        <pctVal>0.0158628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.273</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>MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH ACQUISITION HOLDINGS LLC 2025 SECOND OUT TERM LOAN</title>
        <cusip>55328HAQ4</cusip>
        <identifiers>
          <isin value="US55328HAQ48"/>
        </identifiers>
        <balance>7500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6750000.000000</valUSD>
        <pctVal>0.19012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.1413</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
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        <balance>-40474626.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-40901183.570000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="HPFHU0OQ28E4N0NFVK49" name="The Bank of New York Mellon"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.420000</repurchaseRt>
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            <repurchaseCollateral>
              <principalAmt>69512307.270000</principalAmt>
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              <collateralVal>57039767.800000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ECAF I LTD 2015-1A</name>
        <lei>N/A</lei>
        <title>ECAF LTD ECAF 2015 1A A1 144A</title>
        <cusip>26827EAA3</cusip>
        <identifiers>
          <isin value="US26827EAA38"/>
        </identifiers>
        <balance>1938263.410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1666839.860000</valUSD>
        <pctVal>0.0469482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO NATEXIS BANQUE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="922VXD003"/>
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        <balance>-2436096.360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2445914.320000</valUSD>
        <pctVal>-0.0688915</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300L8G1E7ZHVEOG75" name="NATIXIS SECURITIES AMERICAS LLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.810000</repurchaseRt>
          <maturityDt>2025-08-28</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2975000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2855058.040000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST 2021-HQA3</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC   STACR STACR 2021 HQA3 B2 144A</title>
        <cusip>35564KKL2</cusip>
        <identifiers>
          <isin value="US35564KKL25"/>
        </identifiers>
        <balance>3700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3860671.020000</valUSD>
        <pctVal>0.10874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.5552</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO SOCIETE GENERALE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="988FYT003"/>
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        <balance>-6780375.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-6843679.220000</valUSD>
        <pctVal>-0.192759</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300F35UE0BOM1WJ55" name="SG AMERICAS SECURITIES, LLC"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.510000</repurchaseRt>
          <maturityDt>2025-10-31</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>10250000.000000</principalAmt>
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              <collateralVal>10021409.630000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2015-A</name>
        <lei>N/A</lei>
        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2015 A R 144A</title>
        <cusip>78448P100</cusip>
        <identifiers>
          <isin value="US78448P1003"/>
        </identifiers>
        <balance>15401.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3937035.140000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-770456.660000</balance>
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        <curCd>USD</curCd>
        <valUSD>-776629.300000</valUSD>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.060000</repurchaseRt>
          <maturityDt>2025-08-05</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1156000.000000</principalAmt>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD CNH BOUGHT USD 20250820</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FHKBBWCNQ"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CNY" exchangeRt="7.131300"/>
        <valUSD>-4758.080000</valUSD>
        <pctVal>-0.000134</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)</name>
        <lei>5493002WXOPRPTXWTU06</lei>
        <title>MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 5.75</title>
        <cusip>553283AG7</cusip>
        <identifiers>
          <isin value="US553283AG73"/>
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        <balance>21798005.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17974416.940000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-HTL5</name>
        <lei>N/A</lei>
        <title>JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 HTL5 E 144A</title>
        <cusip>46654PAN6</cusip>
        <identifiers>
          <isin value="US46654PAN69"/>
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        <balance>12000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11808489.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.09148</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-647151.140000</balance>
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        <valUSD>-647252.710000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <balance>-6336394.480000</balance>
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        <curCd>USD</curCd>
        <valUSD>-6343811.860000</valUSD>
        <pctVal>-0.17868</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>6.020225</repurchaseRt>
          <maturityDt>2025-08-22</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>9143426.380000</principalAmt>
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              <collateralVal>10656666.740000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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      <invstOrSec>
        <name>N/A</name>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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        <curCd>USD</curCd>
        <valUSD>-14103684.860000</valUSD>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLEAR CHANNEL OUTDOOR HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>CLEAR CHANNEL OUTDOOR HOLDIN COMMON STOCK</title>
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          <isin value="US18453H1068"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>849073.680000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 0.50000 06/17/20-30Y LCH</title>
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          <isin value="EZHGNJ694Q00"/>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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          <swapDeriv derivCat="SWP">
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            <curCd>EUR</curCd>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LEALAND FINANCE COMPANY BV</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE COMPANY B.V. 2020 MAKE WHOLE TL</title>
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        <identifiers>
          <isin value="XAN5200EAC56"/>
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        <valUSD>111774.850000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAXON ASSET SECURITIES TRUST 2007-3</name>
        <lei>N/A</lei>
        <title>SAXON ASSET SECURITIES TRUST SAST 2007 3 2M1</title>
        <cusip>80557BAG9</cusip>
        <identifiers>
          <isin value="US80557BAG95"/>
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        <balance>10946000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONG WALK REINSURANCE LTD</name>
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          <isin value="US54289CAA09"/>
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        <curCd>USD</curCd>
        <valUSD>3547600.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <debtSec>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2022-2</name>
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        <title>FREDDIE MAC   SCRT SCRT 2022 2 M 144A</title>
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          <isin value="US35563PJ591"/>
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        <curCd>USD</curCd>
        <valUSD>5960736.600000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MANSARD MORTGAGES PLC 2006-1X</name>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSDB TRUST 2017-712F</name>
        <lei>N/A</lei>
        <title>MSDB TRUST MSDB 2017 712F A 144A</title>
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          <isin value="US55354JAA25"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3359205.850000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE4</name>
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          <isin value="US073879TV07"/>
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        <balance>334392.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>334049.370000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.45368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HSI ASSET SEC CORP TRUST 2006-OPT2</name>
        <lei>N/A</lei>
        <title>HSI ASSET SECURITIZATION CORPO HASC 2006 OPT2 M5</title>
        <cusip>40430HEE4</cusip>
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          <isin value="US40430HEE45"/>
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        <balance>24675000.010000</balance>
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        <curCd>USD</curCd>
        <valUSD>18233393.860000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANC OF AMERICA FUNDING TRUST 2015-R4</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA FUNDING CORPOR BAFC 2015 R4 5A2 144A</title>
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        <identifiers>
          <isin value="US05990RAQ48"/>
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        <balance>17924904.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6830464.200000</valUSD>
        <pctVal>0.192387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.011201</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 0.25000 03/18/20-30Y LCH</title>
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          <isin value="EZJ3VB4GTK33"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GSMSC RESECURITIZATION TRUST 2015-7R</name>
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      <invstOrSec>
        <name>N/A</name>
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          <transCat>Reverse repurchase</transCat>
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        <securityLending>
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      <invstOrSec>
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        <securityLending>
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      <invstOrSec>
        <name>JP MORGAN RESECURITIZATION TRUST SERIES 2014-7</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC</name>
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        <balance>11950000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11561552.110000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARMOR RE II LTD</name>
        <lei>549300X573KDIHEJL317</lei>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500950.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.7973</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWAY MORTGAGE TRUST 2021-1450</name>
        <lei>N/A</lei>
        <title>BWAY MORTGAGE TRUST BWAY 2021 1450 F 144A</title>
        <cusip>12430YAQ3</cusip>
        <identifiers>
          <isin value="US12430YAQ35"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5149594.160000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.20000 09/17/24-3Y LCH</title>
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        <curCd>USD</curCd>
        <valUSD>3043636.520000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
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      <invstOrSec>
        <name>CHEVY CHASE MORTGAGE FUND CORP 2005-1A</name>
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        <curCd>USD</curCd>
        <valUSD>2233350.030000</valUSD>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-MKST</name>
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        <identifiers>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <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>
        <name>MORGAN STANLEY CAPITAL I TRUST 2017-ASHF</name>
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        <title>MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF E 144A</title>
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        <curCd>USD</curCd>
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        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UKRAINE GOVT</name>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369498.230000</valUSD>
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        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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        <debtSec>
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        <name>ASSET BACKED SEC CORP HOME EQ 2005-HE8</name>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>676428.130000</valUSD>
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        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <pctVal>-0.001451</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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            <amtCurSold>42018580.850000</amtCurSold>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARVANA CO</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>CARVANA CO SR SECURED 144A 06/31 9</title>
        <cusip>146869AM4</cusip>
        <identifiers>
          <isin value="US146869AM47"/>
        </identifiers>
        <balance>4331870.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5136045.490000</valUSD>
        <pctVal>0.144662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TERWIN MTGE TRUST 2006-5</name>
        <lei>N/A</lei>
        <title>TERWIN MORTGAGE TRUST TMTS 2006 5 1M1 144A</title>
        <cusip>8815612H6</cusip>
        <identifiers>
          <isin value="US8815612H69"/>
        </identifiers>
        <balance>11181961.970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10264249.410000</valUSD>
        <pctVal>0.289102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.97368</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>PARK PLACE SECURITIES INC 2005-WCW2</name>
        <lei>N/A</lei>
        <title>PARK PLACE SECURITIES INC PPSI 2005 WCW2 M2</title>
        <cusip>70069FLH8</cusip>
        <identifiers>
          <isin value="US70069FLH81"/>
        </identifiers>
        <balance>1519.370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1518.540000</valUSD>
        <pctVal>0.0000428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.22868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
        </identifiers>
        <balance>-1735775.040000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1774210.890000</valUSD>
        <pctVal>-0.0499724</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.460000</repurchaseRt>
          <maturityDt>2025-08-04</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2476000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2246435.680000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOPAZ SOLAR FARMS LLC</name>
        <lei>N/A</lei>
        <title>TOPAZ SOLAR FARMS LLC SR SECURED 144A 09/39 4.875</title>
        <cusip>89054XAD7</cusip>
        <identifiers>
          <isin value="US89054XAD75"/>
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        <balance>1946204.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1722390.540000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <balance>-8387489.250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-8396329.100000</valUSD>
        <pctVal>-0.236491</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.420225</repurchaseRt>
          <maturityDt>2025-08-22</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>13133000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>12387248.580000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERIQUEST MORTGAGE SEC 2005-R3</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R3 M5</title>
        <cusip>03072SA39</cusip>
        <identifiers>
          <isin value="US03072SA396"/>
        </identifiers>
        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194074.500000</valUSD>
        <pctVal>0.0054663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</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>CHEC LOAN TRUST 2004-1</name>
        <lei>N/A</lei>
        <title>CHEC LOAN TRUST CHEC 2004 1 A3 144A</title>
        <cusip>162765AC5</cusip>
        <identifiers>
          <isin value="US162765AC58"/>
        </identifiers>
        <balance>47783.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47101.330000</valUSD>
        <pctVal>0.0013267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.43368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZMB001"/>
        </identifiers>
        <balance>-834183.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-834306.540000</valUSD>
        <pctVal>-0.023499</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.300000</repurchaseRt>
          <maturityDt>2025-09-30</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1283833.620000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1046187.800000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COHESITY INC</name>
        <lei>254900JU2GC36CXYYG09</lei>
        <title>CLOVER 2024 HOLDINGS INC VERITAS G PREFERRED</title>
        <cusip>955EHZ901</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="PFDVER9A3"/>
        </identifiers>
        <balance>30944.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546967.970000</valUSD>
        <pctVal>0.0154059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRY GARDEN HOLDINGS COMPANY LIMITED</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>COUNTRY GARDEN HLDGS SR SECURED REGS 10/30 3.875</title>
        <cusip>ACI1S6R75</cusip>
        <identifiers>
          <isin value="XS2240971825"/>
        </identifiers>
        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23421.000000</valUSD>
        <pctVal>0.0006597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAMLL RE-REMIC TRUST 2016-RRLD11</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MERRILL LYNCH BAMLL 2016 LD11 AJB 144A</title>
        <cusip>05491JAB9</cusip>
        <identifiers>
          <isin value="US05491JAB98"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>685156.500000</valUSD>
        <pctVal>0.0192981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.0134</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO SOCIETE GENERALE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="988FYT003"/>
        </identifiers>
        <balance>-5410484.880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5415345.300000</valUSD>
        <pctVal>-0.152528</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300F35UE0BOM1WJ55" name="SG AMERICAS SECURITIES, LLC"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>4.620000</repurchaseRt>
          <maturityDt>2027-06-24</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>6926000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>6531787.650000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO PARIBAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLW006"/>
        </identifiers>
        <balance>-8232258.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-8255644.470000</valUSD>
        <pctVal>-0.232528</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="R0MUWSFPU8MPRO8K5P83" name="BNP PARIBAS"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.870000</repurchaseRt>
          <maturityDt>2025-08-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>10584180.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>9961225.860000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELLE HAVEN ABS CDO LTD 2006-1A</name>
        <lei>N/A</lei>
        <title>BELLE HAVEN ABS CDO LTD BLHV 2006 1A A1 144A</title>
        <cusip>078452AA7</cusip>
        <identifiers>
          <isin value="US078452AA72"/>
        </identifiers>
        <balance>96560571.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>224986.130000</valUSD>
        <pctVal>0.006337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CASSINI SAS</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-16</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <curCd>USD</curCd>
        <valUSD>-2550984.920000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
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              <collateralVal>3771167.340000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="913ZLA004"/>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-6</name>
        <lei>N/A</lei>
        <title>STARWOOD MORTGAGE RESIDENTIAL STAR 2021 6 B1 144A</title>
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        <identifiers>
          <isin value="US85573RAH12"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153023.680000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO SOCIETE GENERALE REVERSE REPO</title>
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          <other otherDesc="Internal ID" value="988FYT003"/>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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        <name>N/A</name>
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          <transCat>Reverse repurchase</transCat>
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        <name>N/A</name>
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          <transCat>Reverse repurchase</transCat>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INTEGRITY RE III LTD</name>
        <lei>254900VWHVNG2WMBWC74</lei>
        <title>INTEGRITY RE III UNSECURED 144A 06/27 VAR</title>
        <cusip>45870GAC0</cusip>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>301890.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.0473</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD BRL BOUGHT USD 20250903</title>
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          <other otherDesc="Internal ID" value="25FNKBCP47M"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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            <amtCurSold>9703488.920000</amtCurSold>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TRUST 2005-HE2</name>
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        <title>MASTR ASSET BACKED SECURITIES MABS 2005 HE2 M4</title>
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          <isin value="US57643LKP03"/>
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        <curCd>USD</curCd>
        <valUSD>367396.400000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOUT BAY 2006-1</name>
        <lei>N/A</lei>
        <title>HOUT BAY HOUT 2006 1A B 144A</title>
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          <isin value="US442451AC46"/>
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        <curCd>USD</curCd>
        <valUSD>329.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
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        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>4.700000</repurchaseRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TURKEY GOVT</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>TURKIYE GOVERNMENT BOND BONDS 08/26 VAR</title>
        <cusip>ACI2P59J2</cusip>
        <identifiers>
          <isin value="TRT190826T19"/>
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        <balance>900000.000000</balance>
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          <transCat>Reverse repurchase</transCat>
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        <name>N/A</name>
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        <name>STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A</name>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM1</name>
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        <name>ARGENT SECURITIES INC 2005-W4</name>
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        <name>ATLAS RE LIMITED</name>
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        <name>INDYMAC RESIDENTIAL ASSET BACKED 2005-D</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>FREMONT HOME LOAN TRUST 2004-A</name>
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        <name>GHANA GOVT</name>
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        <name>STEENBOK LUX FINCO 1 SARL</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>AMERIQUEST MTGE SECURITIES INC 2005-R5</name>
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        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R5 M4</title>
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        <curCd>USD</curCd>
        <valUSD>46877.080000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALTICE FRANCE HOLDING SA</name>
        <lei>5299000JVHXKJPOE6H40</lei>
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          <isin value="US02156TAA25"/>
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        <curCd>USD</curCd>
        <valUSD>1846260.000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MERRILL LYNCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLS005"/>
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        <balance>-105257.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-105362.260000</valUSD>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="GGDZP1UYGU9STUHRDP48" name="Merrill Lynch International"/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>135844.200000</principalAmt>
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              <collateralVal>127848.800000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOMURA HOME EQUITY LOAN INC 2006-FM1</name>
        <lei>N/A</lei>
        <title>NOMURA HOME EQUITY LOAN INC NHELI 2006 FM1 M1</title>
        <cusip>65536HBY3</cusip>
        <identifiers>
          <isin value="US65536HBY36"/>
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        <balance>10832556.490000</balance>
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        <curCd>USD</curCd>
        <valUSD>7771739.660000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="988FYT003"/>
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        <balance>-6847984.110000</balance>
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        <curCd>USD</curCd>
        <valUSD>-6923768.470000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300F35UE0BOM1WJ55" name="SG AMERICAS SECURITIES, LLC"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>4.800000</repurchaseRt>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>9117100.000000</principalAmt>
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              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROJECT QUASAR INVESTMENTS 2017 SLU</name>
        <lei>N/A</lei>
        <title>NEPTUNE QUASAR PPN</title>
        <cusip>936TNJII2</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLN74125"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>0.000000</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7</name>
        <lei>N/A</lei>
        <title>CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805A 144A</title>
        <cusip>17328CBK7</cusip>
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          <isin value="US17328CBK71"/>
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        <balance>6600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1985999.400000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2072-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.91659</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 RPL3 B4 144A</title>
        <cusip>64830NAK7</cusip>
        <identifiers>
          <isin value="US64830NAK72"/>
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        <balance>12875000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9242887.830000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.98386</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO SOCIETE GENERALE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="988FYT003"/>
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        <balance>-1791549.120000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1809211.800000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300F35UE0BOM1WJ55" name="SG AMERICAS SECURITIES, LLC"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.670000</repurchaseRt>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2300000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2363155.700000</collateralVal>
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              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALI MORTGAGE TRUST 2019-101C</name>
        <lei>N/A</lei>
        <title>CALI MORTGAGE TRUST 2019 101C CALI 2019 101C A 144A</title>
        <cusip>129890AA7</cusip>
        <identifiers>
          <isin value="US129890AA73"/>
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        <balance>3235000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3058306.560000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARLETTE FUNDING TRUST 2019-1A</name>
        <lei>N/A</lei>
        <title>MARLETTE FUNDING TRUST MFT 2019 1A CERT 144A</title>
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          <isin value="US57109X1072"/>
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        <curCd>USD</curCd>
        <valUSD>15.370000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT CNY SOLD USD 20250805</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FSKBBW3GM"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CNY" exchangeRt="7.135900"/>
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        <pctVal>0.0000048</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>Citibank, National Association</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.090000</repurchaseRt>
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            <repurchaseCollateral>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DENALI INTERMEDIATE HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>DUN + BRADSTREET CORPOR THE 2025 TERM LOAN</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="BL5084217"/>
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        <balance>7763636.360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7686000.000000</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>2032-05-31</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPOS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="971JTT000"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="IGJSJL3JD5P30I6NJZ34" name="MORGAN STANLEY"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.000000</repurchaseRt>
          <maturityDt>2025-09-22</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT GBP SOLD USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FNKBBKWJB"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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      <invstOrSec>
        <name>BRIDGEGATE FUNDING PLC 2023-1A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>MASTR ASSET BACKED SEC TR 2006-NC1</name>
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        <name>N/A</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>IMPAC CMB TR 2005-7</name>
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        <name>BRIDGEGATE FUNDING PLC 2023-1A</name>
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        <title>BRIDGEGATE FUNDING PLC BRGTE 2023 1A X 144A</title>
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          <annualizedRt>13.3192</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>PRIME HEALTHCARE SERVICES INC</name>
        <lei>N/A</lei>
        <title>PRIME HEALTHCARE SERVICE PRIME HEALTHCARE SERVICE</title>
        <cusip>74165HAC2</cusip>
        <identifiers>
          <isin value="US74165HAC25"/>
        </identifiers>
        <balance>15200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15096792.000000</valUSD>
        <pctVal>0.425216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.375</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>EQUINITI (ARMOR HOLDCO INC)</name>
        <lei>254900X6HLK0YPTHHF09</lei>
        <title>ARMOR HOLDCO INC COMPANY GUAR 144A 11/29 8.5</title>
        <cusip>04625PAA9</cusip>
        <identifiers>
          <isin value="US04625PAA93"/>
        </identifiers>
        <balance>5800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5563961.460000</valUSD>
        <pctVal>0.156714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.5</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>HOUT BAY 2006-1</name>
        <lei>N/A</lei>
        <title>HOUT BAY HOUT 2006 1A A1 144A</title>
        <cusip>442451AA8</cusip>
        <identifiers>
          <isin value="US442451AA89"/>
        </identifiers>
        <balance>13905444.910000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2276780.210000</valUSD>
        <pctVal>0.0641277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.68587</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>MASTR ASSET BACKED SECURIT TR 2003-OPT1</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2003 OPT1 M4</title>
        <cusip>57643LAN6</cusip>
        <identifiers>
          <isin value="US57643LAN64"/>
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        <balance>443655.850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331953.070000</valUSD>
        <pctVal>0.0093498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.2837</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
        </identifiers>
        <balance>-7192578.240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-7254758.080000</valUSD>
        <pctVal>-0.204337</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.460000</repurchaseRt>
          <maturityDt>2025-08-05</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>12338030.460000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>10328323.220000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CERBA HEALTHCARE (CHROME BIDCO)</name>
        <lei>9845000C1FYE89DC8677</lei>
        <title>CERBA HEALTHCARE S A S 2022 EUR TERM LOAN C</title>
        <cusip>944ZQDII8</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BL3852276"/>
        </identifiers>
        <balance>9500000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>8377175.670000</valUSD>
        <pctVal>0.235951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.824</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>KNOLLWOOD CDO LTD. 2004-1A</name>
        <lei>N/A</lei>
        <title>KNOLLWOOD CDO LTD KNOLL 2004 1A A1 144A</title>
        <cusip>499169AA8</cusip>
        <identifiers>
          <isin value="US499169AA82"/>
        </identifiers>
        <balance>8050899.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2788952.440000</valUSD>
        <pctVal>0.0785535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.95</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>BFLD TRUST 2020-EYP</name>
        <lei>N/A</lei>
        <title>BFLD TRUST BFLD 2020 EYP E 144A</title>
        <cusip>05493AAN0</cusip>
        <identifiers>
          <isin value="US05493AAN00"/>
        </identifiers>
        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91801.500000</valUSD>
        <pctVal>0.0025857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.12648</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PARIBAS REVERSE REPO EUR ZCP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="971NUD004"/>
        </identifiers>
        <balance>-3388726.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>-4005890.010000</valUSD>
        <pctVal>-0.11283</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="R0MUWSFPU8MPRO8K5P83" name="BNP PARIBAS"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>2.439400</repurchaseRt>
          <maturityDt>2025-09-08</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3800000.000000</principalAmt>
              <principalCd>EUR</principalCd>
              <collateralVal>3755350.000000</collateralVal>
              <collateralCd>EUR</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZMB001"/>
        </identifiers>
        <balance>-17694105.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-17809500.060000</valUSD>
        <pctVal>-0.501622</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.460000</repurchaseRt>
          <maturityDt>2025-11-19</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>24500000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>27555322.450000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDC MORTGAGE CAPITAL TRUST 2004-HE1</name>
        <lei>N/A</lei>
        <title>CDC MORTGAGE CAPITAL TRUST CDCMC 2004 HE1 B1</title>
        <cusip>12506YCP2</cusip>
        <identifiers>
          <isin value="US12506YCP25"/>
        </identifiers>
        <balance>658899.610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646634.720000</valUSD>
        <pctVal>0.0182131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.98368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
        </identifiers>
        <balance>-6572500.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-6579938.160000</valUSD>
        <pctVal>-0.18533</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.820225</repurchaseRt>
          <maturityDt>2025-08-22</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>31000000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>11794590.020000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
        </identifiers>
        <balance>-1596375.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1611714.660000</valUSD>
        <pctVal>-0.0453955</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.530000</repurchaseRt>
          <maturityDt>2025-10-30</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2500000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2270997.500000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMSURG (AMBULATORY TOPCO LLC)</name>
        <lei>N/A</lei>
        <title>AMSURG EQUITY EQTYAS910</title>
        <cusip>902RDL901</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="EQTYAS910"/>
        </identifiers>
        <balance>2562021.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115666708.930000</valUSD>
        <pctVal>3.25786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT GBP SOLD USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FJKBBNBB8"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>508588.900000</valUSD>
        <pctVal>0.0143249</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank, National Association</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
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            <amtCurSold>39788287.770000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>29357000.000000</amtCurPur>
            <curPur>GBP</curPur>
            <settlementDt>2025-07-02</settlementDt>
            <unrealizedAppr>508588.900000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>ALTICE FRANCE SA SR SECURED REGS 10/29 4.25</title>
        <cusip>ACI20QTK8</cusip>
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          <isin value="XS2390152986"/>
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        <balance>300000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>297408.980000</valUSD>
        <pctVal>0.0083768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C20</name>
        <lei>N/A</lei>
        <title>JP MORGAN CHASE COMMERCIAL MOR JPMCC 2014 C20 E 144A</title>
        <cusip>46642CAN0</cusip>
        <identifiers>
          <isin value="US46642CAN02"/>
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        <balance>1846228.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>168745.980000</valUSD>
        <pctVal>0.0047529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.5</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>MERNA REINSURANCE II LTD</name>
        <lei>549300478X5RX87PYX60</lei>
        <title>MERNA REINSURANCE II LTD UNSECURED 144A 07/29 VAR</title>
        <cusip>59013MAF9</cusip>
        <identifiers>
          <isin value="US59013MAF95"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000000.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-09</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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          <maturityDt>2025-07-23</maturityDt>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRUCETON MILLS ASSOCIATES LLC</name>
        <lei>N/A</lei>
        <title>PURIS TERM LOAN</title>
        <cusip>BA0005TS3</cusip>
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          <other otherDesc="Internal ID" value="BKL7879C8"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8259187.330000</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>2030-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.0494</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO SOCIETE GENERALE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="988FYT003"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5253592.070000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300F35UE0BOM1WJ55" name="SG AMERICAS SECURITIES, LLC"/>
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          <repurchaseRt>5.320000</repurchaseRt>
          <maturityDt>2025-12-18</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
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              <collateralVal>6728506.040000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2005-NC2</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2005 NC2 M6</title>
        <cusip>61744CPM2</cusip>
        <identifiers>
          <isin value="US61744CPM28"/>
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        <balance>252566.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225053.760000</valUSD>
        <pctVal>0.0063389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.46868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MORGAN STANLEY</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="913ZLU000"/>
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        <curCd>USD</curCd>
        <valUSD>-2513855.670000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="IGJSJL3JD5P30I6NJZ34" name="MORGAN STANLEY"/>
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      <invstOrSec>
        <name>EUROSAIL PLC 2007-1X</name>
        <lei>N/A</lei>
        <title>EUROSAIL PLC ESAIL 2007 1X D1A REGS</title>
        <cusip>ACI05RDQ9</cusip>
        <identifiers>
          <isin value="XS0284935094"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>254910.290000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-13</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>CERBA HEALTHCARE (CHROME BIDCO)</name>
        <lei>9845000C1FYE89DC8677</lei>
        <title>CERBA HEALTHCARE S A S 2022 EUR TERM LOAN D</title>
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          <other otherDesc="Internal ID" value="BL4072387"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2029-02-16</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFRF USD SF+26.161/1.2* 9/16/23-28Y* CME</title>
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        <derivativeInfo>
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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      <invstOrSec>
        <name>NPC UKRENERGO</name>
        <lei>8945009LCLS92V4AK321</lei>
        <title>NPC UKRENERGO GOVT GUARANT 144A 11/28 6.875</title>
        <cusip>63718LAA2</cusip>
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          <isin value="US63718LAA26"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>812500.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>UA</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIM AVIATION FINANCE LIMITED 2015-1A</name>
        <lei>N/A</lei>
        <title>DCAL AVIATION FINANCE LIMITED DCAL 2015 1A A1 144A</title>
        <cusip>001406AA5</cusip>
        <identifiers>
          <isin value="US001406AA55"/>
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        <balance>4105658.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3920986.070000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP MTGE LOAN TRUST INC 2005-4</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 4 B1</title>
        <cusip>17307GWF1</cusip>
        <identifiers>
          <isin value="US17307GWF17"/>
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        <balance>2584211.630000</balance>
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        <curCd>USD</curCd>
        <valUSD>2410995.030000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.68619</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>AMERIQUEST MORTGAGE SEC INC 2005-R10</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R10 M5</title>
        <cusip>03072ST21</cusip>
        <identifiers>
          <isin value="US03072ST214"/>
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        <balance>1100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1018768.520000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT-BASED ASSET SERV &amp; SEC 2004-CB4</name>
        <lei>N/A</lei>
        <title>CREDIT BASED ASSET SERVICING A CBASS 2004 CB4 M2</title>
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        <curCd>USD</curCd>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>N/A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ORANGE CAPITAL RE DESIGNATED ACTIVITY COMPANY</name>
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        <cusip>ACI2S2B04</cusip>
        <identifiers>
          <isin value="XS2931270180"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.323</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBISOFT ENTERTAINMENT</name>
        <lei>969500I7C8V1LBIMSM05</lei>
        <title>UBISOFT ENTERTAINMENT SA 2022 EUR TERM LOAN 1</title>
        <cusip>BA000GZZ6</cusip>
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          <other otherDesc="Internal ID" value="BKL3459U5"/>
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        <balance>9000000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>LON</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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        <debtSec>
          <maturityDt>2025-12-22</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B</name>
        <lei>N/A</lei>
        <title>ALLY BANK AUTO CREDIT LINKED N ABCLN 2024 B E 144A</title>
        <cusip>02007G4F7</cusip>
        <identifiers>
          <isin value="US02007G4F75"/>
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        <balance>446433.770000</balance>
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        <curCd>USD</curCd>
        <valUSD>449132.860000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD ZAR BOUGHT USD 20250723</title>
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          <other otherDesc="Internal ID" value="25FMKBBZ5KD"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="17.731700"/>
        <valUSD>-80748.310000</valUSD>
        <pctVal>-0.0022744</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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            <amtCurSold>87044139.780000</amtCurSold>
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            <amtCurPur>4828221.330000</amtCurPur>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIERRA MADRE FUNDING LTD 2004-1A</name>
        <lei>N/A</lei>
        <title>SIERRA MADRE FUNDING LTD MADRE 2004 1A A2 144A</title>
        <cusip>82639RAC1</cusip>
        <identifiers>
          <isin value="US82639RAC16"/>
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        <balance>16000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4926736.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.06582</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE CAP CERT 2007-C2</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2007 C2 D 144A</title>
        <cusip>22545YAN1</cusip>
        <identifiers>
          <isin value="US22545YAN13"/>
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        <balance>2870000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1163067.500000</valUSD>
        <pctVal>0.0327589</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.73512</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INV INC 2004-WMC4</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 WMC4 M3</title>
        <cusip>59020UDH5</cusip>
        <identifiers>
          <isin value="US59020UDH59"/>
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        <balance>635870.810000</balance>
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        <curCd>USD</curCd>
        <valUSD>589304.080000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.57868</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>MORTGAGE EQUITY CONVER ASSET TR 2010-1A</name>
        <lei>N/A</lei>
        <title>MORTGAGE EQUITY CONVERSION ASS MECA 2010 1A A 144A</title>
        <cusip>61911BAA3</cusip>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13187.290000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IHEARTMEDIA INC</name>
        <lei>N/A</lei>
        <title>IHEARTMEDIA INC   CLASS A COMMON STOCK</title>
        <cusip>45174J509</cusip>
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          <isin value="US45174J5092"/>
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        <balance>171118.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301167.680000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRUCTURED ASSET INVST LN TR 2005-5</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET INVESTMENT LO SAIL 2005 5 M5</title>
        <cusip>86358ETK2</cusip>
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          <isin value="US86358ETK28"/>
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        <curCd>USD</curCd>
        <valUSD>7072374.730000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <balance>-4125786.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-9231000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-9248985.070000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-AQ1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2007 AQ1 A2</title>
        <cusip>07389VAB3</cusip>
        <identifiers>
          <isin value="US07389VAB36"/>
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        <balance>5396467.460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5196530.500000</valUSD>
        <pctVal>0.146365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.83368</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>BX TRUST 2018-GW 2018-GW</name>
        <lei>N/A</lei>
        <title>BX TRUST BX 2018 GW G 144A</title>
        <cusip>12433UAS4</cusip>
        <identifiers>
          <isin value="US12433UAS42"/>
        </identifiers>
        <balance>5345000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5282964.860000</valUSD>
        <pctVal>0.1488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.52901</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I INC 2014-150E</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL I TRUST MSC 2014 150E A 144A</title>
        <cusip>61764BAA1</cusip>
        <identifiers>
          <isin value="US61764BAA17"/>
        </identifiers>
        <balance>12000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10658715.600000</valUSD>
        <pctVal>0.300213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.912</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
        </identifiers>
        <balance>-4479716.910000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4493131.170000</valUSD>
        <pctVal>-0.126553</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="HPFHU0OQ28E4N0NFVK49" name="The Bank of New York Mellon"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.390000</repurchaseRt>
          <maturityDt>2025-12-09</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>15000000.000000</principalAmt>
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              <collateralVal>6306829.500000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNAC CHINA HOLDINGS LIMITED</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>SUNAC CHINA HOLDINGS LTD SR SECURED 144A 09/28 6.75</title>
        <cusip>ACI2L7Q61</cusip>
        <identifiers>
          <isin value="XS2708722041"/>
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        <balance>34996.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4374.500000</valUSD>
        <pctVal>0.0001232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO PARIBAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLW006"/>
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        <balance>-10576385.710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-10597230.000000</valUSD>
        <pctVal>-0.298481</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="R0MUWSFPU8MPRO8K5P83" name="BNP PARIBAS"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.730000</repurchaseRt>
          <maturityDt>2027-06-16</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>25178124.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>16395330.150000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BCP TRUST 2021-330N</name>
        <lei>N/A</lei>
        <title>BCP TRUST BCP 2021 330N E 144A</title>
        <cusip>05553BAN5</cusip>
        <identifiers>
          <isin value="US05553BAN55"/>
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        <balance>4900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>986047.090000</valUSD>
        <pctVal>0.027773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.06448</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
        </identifiers>
        <balance>-1258950.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1275445.040000</valUSD>
        <pctVal>-0.0359241</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.360000</repurchaseRt>
          <maturityDt>2025-10-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>6600000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1985999.400000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLAGSHIP CREDIT AUTO TRUST 2021-3</name>
        <lei>N/A</lei>
        <title>FLAGSHIP CREDIT AUTO TRUST FCAT 2021 3 R 144A</title>
        <cusip>33846Q101</cusip>
        <identifiers>
          <isin value="US33846Q1013"/>
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        <balance>8473.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162659.790000</valUSD>
        <pctVal>0.0045815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>IMPAC CMB TR 2005-7</name>
        <lei>N/A</lei>
        <title>IMPAC CMB TRUST IMM 2005 7 A2</title>
        <cusip>45254NQY6</cusip>
        <identifiers>
          <isin value="US45254NQY66"/>
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        <balance>878218.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777399.680000</valUSD>
        <pctVal>0.0218962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71368</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>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENTURE GLOBAL LNG INC SR SECURED 144A 02/32 9.875</title>
        <cusip>92332YAD3</cusip>
        <identifiers>
          <isin value="US92332YAD31"/>
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        <balance>7070000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7639757.160000</valUSD>
        <pctVal>0.215181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.875</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>N/A</name>
        <lei>N/A</lei>
        <title>RFR GBP SONIO/0.75000 09/21/22-10Y LCH</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZ46915873M8"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <pctVal>0.0762663</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>LONDON CLEARING HOUSE</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>SONIA O/N Deposit Rates Swap</indexName>
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                <narrativeDesc>N/A</narrativeDesc>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="GBP" fixedOrFloating="Floating" floatingRtIndex="SONIA O/N Deposit Rates Swap" floatingRtSpread="0.000000" pmntAmt="0.000000">
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            <pmntCurCd>GBP</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>GBP</rcptCurCd>
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            <curCd>GBP</curCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPOS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="971JTT000"/>
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        <balance>-11097258.750000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>-15381843.560000</valUSD>
        <pctVal>-0.433244</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="IGJSJL3JD5P30I6NJZ34" name="MORGAN STANLEY"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>4.873000</repurchaseRt>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>15333000.000000</principalAmt>
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              <collateralVal>15270346.300000</collateralVal>
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              <invstCat>ABS</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2020-PTB</name>
        <lei>N/A</lei>
        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTB R 144A</title>
        <cusip>78449DAF3</cusip>
        <identifiers>
          <isin value="US78449DAF33"/>
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        <balance>8984746.670000</balance>
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        <curCd>USD</curCd>
        <valUSD>10471725.480000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>WINDSTREAM HOLDINGS II LLC</name>
        <lei>N/A</lei>
        <title>WINDSTREAM UNITS EQUITY</title>
        <cusip>952YSX903</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="EQTYDU9O2"/>
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        <balance>1366195.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26779855.190000</valUSD>
        <pctVal>0.754281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A</name>
        <lei>N/A</lei>
        <title>STRATTON MORTGAGE FUNDING 06/50 0</title>
        <cusip>ACI2S8Z13</cusip>
        <identifiers>
          <isin value="XS2777583696"/>
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        <balance>240.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>512568.720000</valUSD>
        <pctVal>0.014437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>PAGAYA AI DEBT SELECTION TRUST 2024-PT2</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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      <invstOrSec>
        <name>LIBERTY STREET TRUST 2016-225L</name>
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        <name>ARIMA MORTGAGES PLC 2A</name>
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        <name>MERRILL LYNCH MORTGAGE INVESTOR 2005-HE1</name>
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        <name>N/A</name>
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            <repurchaseCollateral>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-3</name>
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      <invstOrSec>
        <name>BANC OF AMERICA FUNDING CORP 2006-4</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>NPC UKRENERGO</name>
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        <cusip>ACI21LG55</cusip>
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          <isin value="XS2404309754"/>
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        <curCd>USD</curCd>
        <valUSD>650000.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>UA</invCountry>
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        <debtSec>
          <maturityDt>2028-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>CSMC SERIES 2015-4R</name>
        <lei>N/A</lei>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>8085418.980000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <name>MARGATE FUNDING LTD</name>
        <lei>N/A</lei>
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          <isin value="US56659NAB10"/>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <repurchaseAgrmt>
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        <name>N/A</name>
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        <name>CARVANA CO</name>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <name>GS MORTGAGE SECURITIES TRUST 2020-DUNE</name>
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        <title>GS MORTGAGE SECURITIES TRUST GSMS 2020 DUNE F 144A</title>
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        <curCd>USD</curCd>
        <valUSD>8167896.880000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.83</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL INC 2004-NC7</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2004 NC7 M4</title>
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      <invstOrSec>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>BFLD TRUST 2020-EYP</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
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        <securityLending>
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      <invstOrSec>
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      <invstOrSec>
        <name>ALAMO RE LTD</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>BB GROVES</name>
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        <name>1211 AVENUE OF THE AMERICAS TRUST 2015-1211</name>
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        <name>N/A</name>
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        <name>AMSURG LLC</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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            <repurchaseCollateral>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERTS 2006-2</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2006 2 M3</title>
        <cusip>126670UY2</cusip>
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          <isin value="US126670UY24"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-HE3</name>
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        <title>ACE SECURITIES CORP. ACE 2005 HE3 M5</title>
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          <isin value="US004421NG42"/>
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        <curCd>USD</curCd>
        <valUSD>229296.270000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SABINE RE LTD</name>
        <lei>254900FU1Z2XK88D3602</lei>
        <title>SABINE RE LTD UNSECURED 144A 04/31 VAR</title>
        <cusip>785628AA6</cusip>
        <identifiers>
          <isin value="US785628AA63"/>
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        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414440.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.5473</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2017-75B</name>
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          <isin value="US63874EAL48"/>
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        <curCd>USD</curCd>
        <valUSD>4715249.000000</valUSD>
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        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>COUNTRYWIDE HOME LOANS 2006-HYB5</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RBSSP RESECURITIZATION TRUST 2009-7</name>
        <lei>N/A</lei>
        <title>RBSSP RESECURITIZATION TRUST RBSSP 2009 7 12A4 144A</title>
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        <identifiers>
          <isin value="US75524MCB46"/>
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        <curCd>USD</curCd>
        <valUSD>1178534.050000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.1392</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DBGS MORTGAGE TRUST 2019-1735</name>
        <lei>N/A</lei>
        <title>DBGS MORTGAGE TRUST DBGS 2019 1735 F 144A</title>
        <cusip>23307EAN1</cusip>
        <identifiers>
          <isin value="US23307EAN13"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3298155.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ADJUSTABLE RATE MORTAGE TRUST 2005-7</name>
        <lei>N/A</lei>
        <title>ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 7 7M1</title>
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          <isin value="US007036NH58"/>
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        <securityLending>
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        <name>EUROSAIL-UK 2007-4BL PLC 4X</name>
        <lei>N/A</lei>
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        <name>NOVASTAR HOME EQUITY LOAN 2005-3</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
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          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <curCd>USD</curCd>
        <valUSD>-991028.630000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LEALAND FINANCE COMPANY BV</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE COMPANY B.V. 2020 TAKE BACK TL</title>
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          <isin value="XAN5200EAB73"/>
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        <curCd>USD</curCd>
        <valUSD>1421292.140000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TREASURY BILL 10/25 0.00000</title>
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        <identifiers>
          <isin value="US912797RD17"/>
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        <balance>7933000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7829484.030000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-21</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>N-STAR REL CDO VIII LTD 2006-8A</name>
        <lei>N/A</lei>
        <title>N STAR REAL ESTATE CDO LTD NSTAR 2006 8A B 144A</title>
        <cusip>62940FAD1</cusip>
        <identifiers>
          <isin value="US62940FAD15"/>
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        <balance>580909.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58.670000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>10000000.000000</principalAmt>
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        </repurchaseAgrmt>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LENDINGPOINT PASS-THROUGH TRUST SERIES 2022-ST1</name>
        <lei>N/A</lei>
        <title>LENDINGPOINT PASS THROUGH TRUS LPPT 2022 ST1 CERT 144A</title>
        <cusip>52607NAB3</cusip>
        <identifiers>
          <isin value="US52607NAB38"/>
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        <balance>2300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250536.470000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREENSKY HOME IMPROVEMENT TRUST 2024-2</name>
        <lei>N/A</lei>
        <title>GREENSKY HOME IMPROVEMENT ISSU GSKY 2024 2 E 144A</title>
        <cusip>39571XAH7</cusip>
        <identifiers>
          <isin value="US39571XAH70"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>511119.500000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2059-10-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RUSSIAN GOVT</name>
        <lei>5493004EHVGF71PDBU58</lei>
        <title>RUSSIAN FEDERATION SR UNSECURED REGS 04/42 5.625</title>
        <cusip>X74344DS2</cusip>
        <identifiers>
          <isin value="XS0767473852"/>
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        <balance>4600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3220000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COREWEAVE COMPUTE ACQUISITION CO II LLC</name>
        <lei>N/A</lei>
        <title>COREWEAVE CMPTE ACQU CO II LLC 2024 DELAYED DRAW TERM LOAN</title>
        <cusip>BA0004JK4</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BKLCW2006"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43291328.420000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.8804</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORWARD AIR CORPORATION (CLUE OPCO LLC)</name>
        <lei>N/A</lei>
        <title>FORWARD AIR CORPORATION TERM LOAN B</title>
        <cusip>18948EAC0</cusip>
        <identifiers>
          <isin value="US18948EAC03"/>
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        <balance>16174261.540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16104307.860000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.7796</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>PENNYMAC CORP</name>
        <lei>EWN0I878407TKQNXZ933</lei>
        <title>PENNYMAC CORP COMPANY GUAR 03/26 5.5</title>
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        <identifiers>
          <isin value="US70932AAF03"/>
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        <balance>18075000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17957512.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>PENNYMAC MORTGAGE INVESTMENT</title>
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          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LN TR 2005-J1</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 J1 M</title>
        <cusip>12667FV44</cusip>
        <identifiers>
          <isin value="US12667FV445"/>
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        <balance>180264.050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125850.770000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.10187</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A</name>
        <lei>N/A</lei>
        <title>STRATTON MORTGAGE FUNDING PLC STRA 2024 1A X2 144A</title>
        <cusip>ACI2S8TR3</cusip>
        <identifiers>
          <isin value="XS2728575049"/>
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        <balance>624000.000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>ALTICE FRANCE SA SR SECURED 144A 10/29 5.5</title>
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          <isin value="US02156LAH42"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>STRUCTURED ASSET SEC CORP 2007-WF2</name>
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        <title>STRUCTURED ASSET SECURITIES CO SASC 2007 WF2 A3</title>
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          <isin value="US86364LAC63"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST 2013-8</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2013 8 2A2 144A</title>
        <cusip>17321PAG5</cusip>
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          <isin value="US17321PAG54"/>
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        <curCd>USD</curCd>
        <valUSD>298495.350000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FREDDIE MAC STACR REMIC TRUST 2021-DNA5</name>
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        <title>FREDDIE MAC   STACR STACR 2021 DNA5 B2 144A</title>
        <cusip>35564KJB6</cusip>
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          <isin value="US35564KJB61"/>
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        <curCd>USD</curCd>
        <valUSD>16926030.550000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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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>PERU LNG SRL</name>
        <lei>254900F70J1LOALV5K70</lei>
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        <cusip>P7721BAE1</cusip>
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          <isin value="USP7721BAE13"/>
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        <curCd>USD</curCd>
        <valUSD>26881191.550000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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        <balance>-14798545.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-14991081.480000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AG 25-2A</name>
        <lei>N/A</lei>
        <title>DEUTSCHE BANK AG CRFT 2025 2A CLN 144A</title>
        <cusip>ACI2Y11S9</cusip>
        <identifiers>
          <isin value="XS3093668831"/>
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        <balance>10100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10100000.000000</valUSD>
        <pctVal>0.284476</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>N/A</name>
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        <name>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440</name>
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        <name>COMM 2022-HC MORTGAGE TRUST</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>N/A</name>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-ONL</name>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>COUNTRYWIDE ASSET-BACKED CERT 2006-3</name>
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        <curCd>USD</curCd>
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        <name>FUTBOL CLUB BARCELONA SL</name>
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          <other otherDesc="Internal ID" value="BKL0259A7"/>
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        <debtSec>
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        <name>LEHMAN XS TRUST 2005-2</name>
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      <invstOrSec>
        <name>ACE SECURITIES CORP 2005-HE5</name>
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        <debtSec>
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        <securityLending>
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        <name>PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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      <invstOrSec>
        <name>WORLDWIDE PLAZA TRUST 2017-WWP</name>
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      <invstOrSec>
        <name>SVF II FINCO (CAYMAN) LP</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <name>STRUCTURED ADJUSTABLE RT MTG LN 2004-18</name>
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        <title>STRUCTURED ADJUSTABLE RATE MOR SARM 2004 18 M</title>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <name>N/A</name>
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        <repurchaseAgrmt>
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      <invstOrSec>
        <name>IHEARTCOMMUNICATIONS INC</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHEARTCOMMUNICATIONS INC 2024 TERM LOAN</title>
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        <balance>4764060.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3896596.130000</valUSD>
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      <invstOrSec>
        <name>BENCHMARK MORTGAGE TRUST  2021-B25</name>
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      <invstOrSec>
        <name>N/A</name>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="25FBKBCDDS5"/>
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      <invstOrSec>
        <name>CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP 2003-AR28</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>MORTGAGE FUNDING 2008-1 PLC</name>
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        <name>N/A</name>
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        <name>MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM2</name>
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        <name>GSAMP TRUST 2006-HE3</name>
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        <name>MORGAN STANLEY CAPITAL I TRUST 2017-ASHF</name>
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        <title>MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF D 144A</title>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO THE BANK OF NOVA REVERSE REPO</title>
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        <name>LABRADOR AVIATION FINANCE LTD 2016-1A</name>
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        <title>LABRADOR AVIATION FINANCE LIMI LAFL 2016 1A A1 144A</title>
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        <curCd>USD</curCd>
        <valUSD>3994491.080000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A</name>
        <lei>N/A</lei>
        <title>STRATTON MORTGAGE FUNDING 06/50 0</title>
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        <name>MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
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        <name>WHLN 2024-ACRA-FF1</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2015-C</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>THAMES WATER SUPER SENIOR ISSUER PLC</name>
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        <name>N/A</name>
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        <name>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-HTL5</name>
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        <name>ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST 2005-HE3</name>
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        <name>N/A</name>
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        <name>CONNECTICUT AVENUE SECURITIES TRUST 2022-R01</name>
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        <name>N/A</name>
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        <invCountry>US</invCountry>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MERNA REINSURANCE II LTD</name>
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      <invstOrSec>
        <name>TOLL ROAD INVESTORS PARTNERSHIP II LP</name>
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          <isin value="US88948ABM80"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>N/A</name>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>SOUTH COAST FUNDING 5A</name>
        <lei>N/A</lei>
        <title>SOUTH COAST FUNDING SCF 5A C1 144A</title>
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          <isin value="US84129VAJ08"/>
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        <curCd>USD</curCd>
        <valUSD>4075.620000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2039-08-06</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT EUR SOLD USD 20250702</title>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL COLLEGIATE II COMMUTATION TRUST 2005 AR16</name>
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        <title>NATIONAL COLLEGIATE II COMMUTA NCMCT 2005 AR16 AR16</title>
        <cusip>63545AAA5</cusip>
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          <isin value="US63545AAA51"/>
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        <balance>22875000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>921594.860000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS EUR 0.50000 09/21/22-30Y LCH</title>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <derivativeInfo>
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      <invstOrSec>
        <name>FIRST NLC TRUST 2005-1</name>
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      <invstOrSec>
        <name>N/A</name>
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        <derivativeInfo>
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        <name>C-BASS LTD 13A</name>
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        <title>C BASS LTD CBCL 13A A 144A</title>
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          <isin value="US12498FAA84"/>
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      <invstOrSec>
        <name>SOHO TRUST 2021-SOHO</name>
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        <name>JP MORGAN CHASE COMMERCIAL MOR-2007-LD11</name>
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        <name>ALTICE FRANCE SA</name>
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        <curCd>USD</curCd>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR GBP SONIO/3.50000 03/19/25-5Y LCH</title>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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        <name>STEPSTONE GROUP MIDCO 2 GMBH</name>
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        <name>C-BASS LTD 18A</name>
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        <name>N/A</name>
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        <valUSD>53297.740000</valUSD>
        <pctVal>0.0015012</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>NATWEST MARKETS PLC</counterpartyName>
              <counterpartyLei>RR3QWICWWIPCS8A4S074</counterpartyLei>
            </counterparties>
            <amtCurSold>1751322.650000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>1532000.000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2025-07-02</settlementDt>
            <unrealizedAppr>53297.740000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO PARIBAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLW006"/>
        </identifiers>
        <balance>-3420626.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3456720.130000</valUSD>
        <pctVal>-0.0973619</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="R0MUWSFPU8MPRO8K5P83" name="BNP PARIBAS"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.870000</repurchaseRt>
          <maturityDt>2025-07-14</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>4400000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>4220936.280000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESIDENTIAL ACCREDIT LOANS 2007-QS1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS1 1A1</title>
        <cusip>74922KAA3</cusip>
        <identifiers>
          <isin value="US74922KAA34"/>
        </identifiers>
        <balance>111966.760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>89273.230000</valUSD>
        <pctVal>0.0025145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2014-1A</name>
        <lei>N/A</lei>
        <title>CARLYLE GLOBAL MARKET STRATEGI CGMS 2014 1A INC 144A</title>
        <cusip>14311CAA6</cusip>
        <identifiers>
          <isin value="US14311CAA62"/>
        </identifiers>
        <balance>2900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284519.900000</valUSD>
        <pctVal>0.0080138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
        </identifiers>
        <balance>-12576511.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-12610028.300000</valUSD>
        <pctVal>-0.355174</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.330000</repurchaseRt>
          <maturityDt>2025-10-14</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>15782190.420000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>15809278.970000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAST LANE RE VII LTD</name>
        <lei>N/A</lei>
        <title>EAST LANE RE VII LTD UNSECURED 144A 03/26 VAR</title>
        <cusip>27332EAA9</cusip>
        <identifiers>
          <isin value="US27332EAA91"/>
        </identifiers>
        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>506425.000000</valUSD>
        <pctVal>0.0142639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.5473</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>JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP</name>
        <lei>N/A</lei>
        <title>JETBLUE AIRWAYS/LOYALTY JETBLUE AIRWAYS/LOYALTY</title>
        <cusip>476920AA1</cusip>
        <identifiers>
          <isin value="US476920AA15"/>
        </identifiers>
        <balance>13293000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12940818.850000</valUSD>
        <pctVal>0.364491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.875</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>MSSG TRUST 2017-237P</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE CAPITA MSSG 2017 237P E 144A</title>
        <cusip>55375KAL0</cusip>
        <identifiers>
          <isin value="US55375KAL08"/>
        </identifiers>
        <balance>8006000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6963286.550000</valUSD>
        <pctVal>0.196128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.86481</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>INTELSAT SA</name>
        <lei>549300YV2L21F4K80V46</lei>
        <title>INTELSAT EMERGENCE SA COMMON STOCK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2445093128"/>
        </identifiers>
        <balance>670263.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23121917.930000</valUSD>
        <pctVal>0.651251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PURPLE RE LTD</name>
        <lei>N/A</lei>
        <title>PURPLE RE LTD UNSECURED 144A 06/27 VAR</title>
        <cusip>74639NAC7</cusip>
        <identifiers>
          <isin value="US74639NAC74"/>
        </identifiers>
        <balance>600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>614160.000000</valUSD>
        <pctVal>0.0172984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.3191</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>JP MORGAN MORTGAGE TRUST 2006-A4</name>
        <lei>N/A</lei>
        <title>JP MORGAN MORTGAGE TRUST JPMMT 2006 A4 2A2</title>
        <cusip>46628LAG3</cusip>
        <identifiers>
          <isin value="US46628LAG32"/>
        </identifiers>
        <balance>5976.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4135.410000</valUSD>
        <pctVal>0.0001165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.79446</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>SOUTH COAST FUNDING 5A</name>
        <lei>N/A</lei>
        <title>SOUTH COAST FUNDING SCF 5A B 144A</title>
        <cusip>84129VAG6</cusip>
        <identifiers>
          <isin value="US84129VAG68"/>
        </identifiers>
        <balance>24341450.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7684157.720000</valUSD>
        <pctVal>0.216432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.57208</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>DEUTSCHE MORTGAGE SECURITIES INC RE-REMIC TRUST CERTIFICATES SERIES 2007-RS8</name>
        <lei>N/A</lei>
        <title>DEUTSCHE MORTGAGE SECURITIES, DMSI 2007 RS8 3A1 144A</title>
        <cusip>25156WAG3</cusip>
        <identifiers>
          <isin value="US25156WAG33"/>
        </identifiers>
        <balance>3189929.860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2369941.480000</valUSD>
        <pctVal>0.0667517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.2537</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>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2016-ISQ</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MERRILL LYNCH BAMLL 2016 ISQ C 144A</title>
        <cusip>05523GAJ0</cusip>
        <identifiers>
          <isin value="US05523GAJ04"/>
        </identifiers>
        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1353440.550000</valUSD>
        <pctVal>0.038121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.72651</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>NOMURA HOME EQUITY LOAN INC 2005-FM1</name>
        <lei>N/A</lei>
        <title>NOMURA HOME EQUITY LOAN INC NHELI 2005 FM1 M4</title>
        <cusip>65536HAJ7</cusip>
        <identifiers>
          <isin value="US65536HAJ77"/>
        </identifiers>
        <balance>539983.250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414989.820000</valUSD>
        <pctVal>0.0116886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.34868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY MORTGAGE TRUST-2004-6AR</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY MORTGAGE LOAN T MSM 2004 6AR 1M2</title>
        <cusip>61748HBH3</cusip>
        <identifiers>
          <isin value="US61748HBH30"/>
        </identifiers>
        <balance>332908.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331444.820000</valUSD>
        <pctVal>0.0093355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.45868</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>HARBORVIEW MORTGAGE LOAN TR 2006-12</name>
        <lei>N/A</lei>
        <title>HARBORVIEW MORTGAGE LOAN TRUST HVMLT 2006 12 2A13</title>
        <cusip>41162DAD1</cusip>
        <identifiers>
          <isin value="US41162DAD12"/>
        </identifiers>
        <balance>2176394.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2054894.830000</valUSD>
        <pctVal>0.0578781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-19</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SVF II FINCO (CAYMAN) LP</name>
        <lei>N/A</lei>
        <title>SOFTBANK VISION FUND II FIXED TERM LOAN</title>
        <cusip>944YFGII6</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="G7741@AA8"/>
        </identifiers>
        <balance>23234655.480000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23234655.480000</valUSD>
        <pctVal>0.654427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>AMERIQUEST MTGE SEC INC 2004-R8</name>
        <lei>N/A</lei>
        <title>AMERIQUEST MORTGAGE SECURITIES AMSI 2004 R8 M2</title>
        <cusip>03072SUA1</cusip>
        <identifiers>
          <isin value="US03072SUA13"/>
        </identifiers>
        <balance>687086.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>699709.180000</valUSD>
        <pctVal>0.019708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.45368</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
        </identifiers>
        <balance>-3590692.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3628760.960000</valUSD>
        <pctVal>-0.102208</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.550000</repurchaseRt>
          <maturityDt>2027-04-08</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>5000000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>4689277.500000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
        </identifiers>
        <balance>-1461602.840000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1461804.270000</valUSD>
        <pctVal>-0.0411731</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.961210</repurchaseRt>
          <maturityDt>2025-08-29</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2228053.120000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1840748.420000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELEVEN MADISON TRUST MORTGAGE TRUST 2015-11MD</name>
        <lei>N/A</lei>
        <title>MADISON AVENUE TRUST MAD 2015 11MD A 144A</title>
        <cusip>556227AA4</cusip>
        <identifiers>
          <isin value="US556227AA48"/>
        </identifiers>
        <balance>2575000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2542410.800000</valUSD>
        <pctVal>0.0716095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.67329</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>ATRIUM HOTEL PORTFOLIO TRUST 2017-ATRM</name>
        <lei>N/A</lei>
        <title>ATRIUM HOTEL PORTFOLIO TRUST AHPT 2017 ATRM E 144A</title>
        <cusip>04965JAJ2</cusip>
        <identifiers>
          <isin value="US04965JAJ25"/>
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        <balance>20935689.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19355040.290000</valUSD>
        <pctVal>0.545153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.659</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
        </identifiers>
        <balance>-2789800.220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2795571.750000</valUSD>
        <pctVal>-0.07874</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>4.965115</repurchaseRt>
          <maturityDt>2025-08-15</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>4102647.380000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>3389480.080000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="976EBD000"/>
        </identifiers>
        <balance>-1095764.360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1099380.380000</valUSD>
        <pctVal>-0.0309651</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.400000</repurchaseRt>
          <maturityDt>2025-10-09</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1572747.100000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1436245.860000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DROP MORTGAGE TRUST 2021-FILE</name>
        <lei>N/A</lei>
        <title>DROP MORTGAGE TRUST 2021 FILE DROP 2021 FILE D 144A</title>
        <cusip>26210YAL0</cusip>
        <identifiers>
          <isin value="US26210YAL02"/>
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        <balance>5805878.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4987864.630000</valUSD>
        <pctVal>0.140488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.17648</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>PETROLEOS DE VENEZUELA SA (PDVSA)</name>
        <lei>549300YWR8TN1OFD4P06</lei>
        <title>PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 11/26 6</title>
        <cusip>P7807HAR6</cusip>
        <identifiers>
          <isin value="USP7807HAR68"/>
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        <balance>430000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54735.920000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/2.00000 12/21/22-10Y CME</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZFXDWH0DRR4"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9719457.010000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <other otherDesc="Internal_ID" value="SWU01JHW7-USD-SOFR-COMPOUND"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="United States SOFR Secured Overnight Financing Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
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            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>84400000.000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-495752.100000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FARRINGDON MORTAGES PLC 2</name>
        <lei>N/A</lei>
        <title>ROOF 2 D</title>
        <cusip>963FSYII0</cusip>
        <identifiers>
          <ticker value="ROOF"/>
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        <balance>1.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>0.000000</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-5596449.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-5626537.680000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <repurchaseRt>5.530000</repurchaseRt>
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            <repurchaseCollateral>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFRF USD SF+26.161/1.1* 9/20/23-27Y CME</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZCYK2J7VBC8"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11980545.960000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <other otherDesc="Internal_ID" value="SWU01PUM0-USD-SOFR-COMPOUND"/>
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        <balance>1068784.750000</balance>
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        <curCd>USD</curCd>
        <valUSD>1155014.620000</valUSD>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EUROSAIL PLC 2007-3X</name>
        <lei>N/A</lei>
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          <isin value="XS0308725844"/>
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        <balance>1780940.530000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25EMKBCH3HH"/>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE MORTGAGE AND ASSET RECEIVING CORP 2014-RS2</name>
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        <identifiers>
          <isin value="US25160GAB32"/>
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        <curCd>USD</curCd>
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        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMM MORTGAGE TRUST 2015-CR26</name>
        <lei>N/A</lei>
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          <isin value="US12593QAG55"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2048-10-10</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRIDGEGATE FUNDING PLC 2023-1A</name>
        <lei>N/A</lei>
        <title>BRIDGEGATE FUNDING PLC BRGTE 2023 1A RES</title>
        <cusip>ACI2C6R96</cusip>
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          <isin value="XS2442284373"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-10-16</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC REMICS 5069</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC FHR 5069 PI</title>
        <cusip>3137F9CZ2</cusip>
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          <isin value="US3137F9CZ25"/>
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        <balance>2962019.340000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>ASSET BACKED FUNDING CERT 2005-HE2</name>
        <lei>N/A</lei>
        <title>ASSET BACKED FUNDING CERTIFICA ABFC 2005 HE2 M4</title>
        <cusip>04542BNM0</cusip>
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        <balance>936817.930000</balance>
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        <curCd>USD</curCd>
        <valUSD>890157.180000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YINSON BORONIA PRODUCTION BV</name>
        <lei>5493007X12FTT746N678</lei>
        <title>YINSON BORONIA PRODUCTIO SR SECURED REGS 07/42 8.947</title>
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          <isin value="USN9733XAA56"/>
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        <balance>1090298.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1161752.140000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOMINICAN REPUBLIC GOVT</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>DOMINICAN REPUBLIC SR UNSECURED 144A 03/37 10.5</title>
        <cusip>25714PFD5</cusip>
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          <isin value="US25714PFD50"/>
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        <currencyConditional curCd="DOP" exchangeRt="59.410000"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
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          <isin value="US92332YAC57"/>
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        <curCd>USD</curCd>
        <valUSD>13209746.360000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AVOCA CLO XIII  13X</name>
        <lei>N/A</lei>
        <title>AVOCA CLO AVOCA 13X SUB REGS</title>
        <cusip>ACI0B8BB9</cusip>
        <identifiers>
          <isin value="XS1136167415"/>
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        <balance>2250000.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT TRY SOLD USD 20250811</title>
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          <other otherDesc="Internal ID" value="25FKKBB148Q"/>
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        <balance>1.000000</balance>
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        <assetCat>DFE</assetCat>
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        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I TRUST 2017-ASHF</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF F 144A</title>
        <cusip>61691KAQ4</cusip>
        <identifiers>
          <isin value="US61691KAQ40"/>
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        <balance>6258000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5932088.990000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.959</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>TERWIN MORTGAGE TRUST 2005-12AL</name>
        <lei>N/A</lei>
        <title>TERWIN MORTGAGE TRUST TMTS 2005 12AL M1</title>
        <cusip>881561WE0</cusip>
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          <isin value="US881561WE02"/>
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        <balance>458630.080000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340128.410000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.869</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>MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-3 2005-3</name>
        <lei>N/A</lei>
        <title>MASTR ADJUSTABLE RATE MORTGAGE MARM 2005 3 B1</title>
        <cusip>576433YZ3</cusip>
        <identifiers>
          <isin value="US576433YZ31"/>
        </identifiers>
        <balance>703701.320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513201.700000</valUSD>
        <pctVal>0.0144548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.84977</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>CREDIT SUISSE MORTGAGE CAP CERT 2007-C2</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2007 C2 E 144A</title>
        <cusip>22545YAQ4</cusip>
        <identifiers>
          <isin value="US22545YAQ44"/>
        </identifiers>
        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552641.250000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.73512</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMMER STREET LTD 2005-1A</name>
        <lei>N/A</lei>
        <title>SUMMER STREET LTD SMSTR 2005 1A A1 144A</title>
        <cusip>86565MAA5</cusip>
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          <isin value="US86565MAA53"/>
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        <balance>45954304.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10243811.890000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-06</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD ZAR BOUGHT USD 20250723</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FMKBBPKX1"/>
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        <balance>1.000000</balance>
        <units>NC</units>
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        <pctVal>-0.001451</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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            <amtCurPur>2318177.000000</amtCurPur>
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            <settlementDt>2025-07-23</settlementDt>
            <unrealizedAppr>-51516.560000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THAMES WATER SUPER SENIOR ISSUER PLC</name>
        <lei>635400LBEYCV7F4FC741</lei>
        <title>THAMES SSNM 144A UNFUNDED COMM</title>
        <cusip>955RVLII8</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="364738930"/>
        </identifiers>
        <balance>982758.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>1261298.600000</valUSD>
        <pctVal>0.0355257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75</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>SOUNDVIEW HOME EQUITY LOAN TRU 2005-CTX1</name>
        <lei>N/A</lei>
        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 CTX1 M5</title>
        <cusip>83611PBY6</cusip>
        <identifiers>
          <isin value="US83611PBY60"/>
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        <balance>441000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>435031.680000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</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>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT INR SOLD USD 20250820</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FEKBBQM2S"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="INR" exchangeRt="85.896200"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUROSAIL PLC 2007-3X</name>
        <lei>N/A</lei>
        <title>EUROSAIL PLC ESAIL 2007 3X B1C REGS</title>
        <cusip>ACI00RTY0</cusip>
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          <isin value="XS0308716421"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-13</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.75000 06/20/24-10Y CME</title>
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        <identifiers>
          <isin value="EZ52H44WTW83"/>
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        <units>NC</units>
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        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <swapFlag>Y</swapFlag>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SMB PRIVATE EDUCATION LOAN TRUST 2020-PTA</name>
        <lei>N/A</lei>
        <title>SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTA R 144A</title>
        <cusip>78449VAF3</cusip>
        <identifiers>
          <isin value="US78449VAF31"/>
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        <balance>6712094.980000</balance>
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        <curCd>USD</curCd>
        <valUSD>7727721.740000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRUCTURED ASSET SECURITIES CO-2007-BC1</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2007 BC1 M1</title>
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        <identifiers>
          <isin value="US86362PAG00"/>
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        <curCd>USD</curCd>
        <valUSD>14161312.690000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <identifiers>
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        <isRestrictedSec>N</isRestrictedSec>
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          <notClearedCentCparty isCleared="N">
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        <securityLending>
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      <invstOrSec>
        <name>CEDAR FUNDING IX CLO LTD 2018-9A</name>
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        <title>CEDAR FUNDING LTD CEDF 2018 9A SUB 144A</title>
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        <curCd>USD</curCd>
        <valUSD>4815941.760000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMS-OSRAM AG</name>
        <lei>5299001JPPT2QFTV5D76</lei>
        <title>AMS OSRAM AG SR UNSECURED 144A 03/29 12.25</title>
        <cusip>03217CAB2</cusip>
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        <balance>14830000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15836530.340000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25</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>VERUS SECURITIZATION TRUST 2021-R1</name>
        <lei>N/A</lei>
        <title>VERUS SECURITIZATION TRUST VERUS 2021 R1 XS 144A</title>
        <cusip>92538BAJ2</cusip>
        <identifiers>
          <isin value="US92538BAJ26"/>
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        <balance>119991224.540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10468610.390000</valUSD>
        <pctVal>0.294859</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZLG001"/>
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          <transCat>Reverse repurchase</transCat>
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              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2006-OA8</name>
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          <isin value="US02147CAF05"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <curCd>USD</curCd>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
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          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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        <securityLending>
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      <invstOrSec>
        <name>AMS-OSRAM AG</name>
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        <title>AMS OSRAM AG SR UNSECURED REGS 03/29 10.5</title>
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          <isin value="XS2724532333"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ASSET BACKED SEC CORP HOME EQ 2005-HE4</name>
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          <isin value="US04541GRQ72"/>
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        <curCd>USD</curCd>
        <valUSD>218491.250000</valUSD>
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        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>UKRAINE GOVT</name>
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        <curCd>USD</curCd>
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        <securityLending>
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        <name>HESTIA RE LTD</name>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2032-03-13</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I TRUST 2019-PLND</name>
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        <curCd>USD</curCd>
        <valUSD>543375.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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          <isin value="XS2278588343"/>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>GATEWAY CASINOS &amp; ENTERTAINMENT LIMITED</name>
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        <title>GATEWY CSINS + ENTRTINMNT LTD 2024 TERM LOAN B</title>
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        <assetCat>LON</assetCat>
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        <invCountry>CA</invCountry>
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        <title>TURKIYE GOVERNMENT BOND BONDS 05/28 VAR</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <maturityDt>2028-05-17</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ALTICE FRANCE SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
        <title>ALTICE FRANCE SA SR SECURED REGS 01/28 3.375</title>
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          <isin value="XS2053846262"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEOS DE VENEZUELA SA (PDVSA)</name>
        <lei>549300YWR8TN1OFD4P06</lei>
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        <cusip>P7807HAC9</cusip>
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          <isin value="XS0294364954"/>
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        <balance>440000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55471.860000</valUSD>
        <pctVal>0.0015624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARVEST CLO XV DAC 15A</name>
        <lei>N/A</lei>
        <title>HARVEST CLO HARVT 15A SUB 144A</title>
        <cusip>ACI13DPQ7</cusip>
        <identifiers>
          <isin value="XS1364812237"/>
        </identifiers>
        <balance>2000000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>643288.040000</valUSD>
        <pctVal>0.0181188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="922VXD003"/>
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        <balance>-1007785.080000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1016366.930000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300L8G1E7ZHVEOG75" name="NATIXIS SECURITIES AMERICAS LLC"/>
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          <isTriParty>N</isTriParty>
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          <maturityDt>2025-07-28</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1300000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>1076206.690000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH MORTGAGE LOAD TR 2005-WL1</name>
        <lei>N/A</lei>
        <title>LONG BEACH MORTGAGE LOAN TRUST LBMLT 2005 WL1 M5</title>
        <cusip>542514LM4</cusip>
        <identifiers>
          <isin value="US542514LM43"/>
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        <balance>15031254.440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13534149.010000</valUSD>
        <pctVal>0.381202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.55868</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>THAMES WATER UTILITIES FINANCE PLC</name>
        <lei>213800ESMPQ4RQ7G8351</lei>
        <title>THAMES WATER UTIL FIN SR SECURED REGS 04/46 7.75</title>
        <cusip>ACI2ML745</cusip>
        <identifiers>
          <isin value="XS2755443376"/>
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        <balance>284000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>266312.350000</valUSD>
        <pctVal>0.0075009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</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>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT JPY SOLD USD 20250702</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="25FQKBBX057"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="144.005000"/>
        <valUSD>1421.720000</valUSD>
        <pctVal>0.00004</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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            <curSold>USD</curSold>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREDDIE MAC MILITARY HOUSING BONDS RESEC TRUST 2015-R1</name>
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        <title>FREDDIE MAC MILITARY HOUSING B FMMHR 2015 R1 XA1 144A</title>
        <cusip>35563CAB4</cusip>
        <identifiers>
          <isin value="US35563CAB46"/>
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        <balance>60745174.840000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3675089.150000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.7</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>RESIDENTIAL ASSET SEC TRUST 2007-A1</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIZATI RAST 2007 A1 A9</title>
        <cusip>761136AJ9</cusip>
        <identifiers>
          <isin value="US761136AJ94"/>
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        <balance>1792658.810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>519063.820000</valUSD>
        <pctVal>0.0146199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>GSAMP TRUST 2005-WMC1</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2005 WMC1 M2</title>
        <cusip>362341PV5</cusip>
        <identifiers>
          <isin value="US362341PV57"/>
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        <balance>4884700.660000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4124871.800000</valUSD>
        <pctVal>0.116181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21368</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>LONGLEAF PINE RE LTD</name>
        <lei>N/A</lei>
        <title>LONGLEAF PINE RE LTD UNSECURED 144A 05/31 VAR</title>
        <cusip>54307MAA6</cusip>
        <identifiers>
          <isin value="US54307MAA62"/>
        </identifiers>
        <balance>570000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>587869.500000</valUSD>
        <pctVal>0.0165579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>21.8191</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO THE BANK OF NOVA REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="973VSR006"/>
        </identifiers>
        <balance>-2386622.430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2400126.740000</valUSD>
        <pctVal>-0.0676019</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300BLWPABP1VNME36" name="SCOTIA CAPITAL (USA) INC."/>
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          <maturityDt>2025-11-17</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3008574.000000</principalAmt>
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              <collateralVal>2831498.060000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2022-ONL</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAG WFCM 2022 ONL X 144A</title>
        <cusip>95003WAC0</cusip>
        <identifiers>
          <isin value="US95003WAC01"/>
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        <balance>355000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1246316.250000</valUSD>
        <pctVal>0.0351037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.490968</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>SUNAC CHINA HOLDINGS LIMITED</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>SUNAC CHINA HOLDINGS LTD SR SECURED 144A 09/30 7.25</title>
        <cusip>ACI2L7QQ7</cusip>
        <identifiers>
          <isin value="XS2708722710"/>
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        <balance>16524.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2029.810000</valUSD>
        <pctVal>0.0000572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCURY AGGREGATOR LP</name>
        <lei>N/A</lei>
        <title>MERCURY AGGREGATOR L P TRANCHE 1 TERM LOAN</title>
        <cusip>BA000FDV1</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BKL0SP9U1"/>
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        <balance>3135359.310000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3135359.310000</valUSD>
        <pctVal>0.0883104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO CREDIT AGRICOLE 03/14 VAR</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="923TKQ002"/>
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        <balance>-5800103.980000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5811201.510000</valUSD>
        <pctVal>-0.163678</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300WO2DKF0Q3YMV43" name="CREDIT AGRICOLE SECURITIES (USA) INC."/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>4.920000</repurchaseRt>
          <maturityDt>2025-09-17</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>6898091.220000</principalAmt>
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              <collateralVal>6698423.030000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISH DBS CORPORATION</name>
        <lei>N/A</lei>
        <title>DISH DBS CORP SR SECURED 144A 12/26 5.25</title>
        <cusip>25470XBE4</cusip>
        <identifiers>
          <isin value="US25470XBE40"/>
        </identifiers>
        <balance>41888000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38091900.000000</valUSD>
        <pctVal>1.0729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25ETKBBNN9H"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO CREDIT AGRICOLE 03/14 VAR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="923TKQ002"/>
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        <curCd>USD</curCd>
        <valUSD>-2929990.480000</valUSD>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300WO2DKF0Q3YMV43" name="CREDIT AGRICOLE SECURITIES (USA) INC."/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZLX004"/>
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        <valUSD>-5288492.020000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="6SHGI4ZSSLCXXQSBB395" name="CITIGROUP INC."/>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KEYCORP STUDENT LOAN TRUST 1999-B</name>
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        <title>KEYCORP STUDENT LOAN TRUST 199 KSLT 1999 B</title>
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          <ticker value="KSLT"/>
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        <curCd>USD</curCd>
        <valUSD>6299000.000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-2</name>
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        <title>FREDDIE MAC   SCRT SCRT 2020 2 BXS 144A</title>
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          <isin value="US35563PRM31"/>
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        <curCd>USD</curCd>
        <valUSD>9672119.200000</valUSD>
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        <debtSec>
          <maturityDt>2059-11-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MORGAN STANLEY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="973MRB002"/>
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        <balance>-2623036.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>-3092672.660000</valUSD>
        <pctVal>-0.0871081</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="4PQUHN3JPFGFNF3BB653" name="MORGAN STANLEY &amp; CO. INTERNATIONAL PLC"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>1.700000</repurchaseRt>
          <maturityDt>2027-06-11</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2600000.000000</principalAmt>
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              <collateralVal>2511210.000000</collateralVal>
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              <invstCat>CDS</invstCat>
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        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMCC-2019-BKWD</name>
        <lei>N/A</lei>
        <title>JP MORGAN CHASE COMMERCIAL MOR JPMCC 2019 BKWD A 144A</title>
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        <identifiers>
          <isin value="US46591JAA43"/>
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        <balance>648100.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>626171.870000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.92648</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>CSWF 2021-SOP2</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE COMMERCIAL MORTG CSWF 2021 SOP2 A 144A</title>
        <cusip>12657VAA0</cusip>
        <identifiers>
          <isin value="US12657VAA08"/>
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        <balance>671043.430000</balance>
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        <curCd>USD</curCd>
        <valUSD>647627.030000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.49312</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>CORONADO CDO LTD 1A</name>
        <lei>N/A</lei>
        <title>CORONADO CDO LTD CORON 1A B2 144A</title>
        <cusip>21976RAE6</cusip>
        <identifiers>
          <isin value="US21976RAE62"/>
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        <balance>238714.050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74125.490000</valUSD>
        <pctVal>0.0020878</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C20</name>
        <lei>N/A</lei>
        <title>JP MORGAN CHASE COMMERCIAL MOR JPMCC 2014 C20 F 144A</title>
        <cusip>46642CAR1</cusip>
        <identifiers>
          <isin value="US46642CAR16"/>
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        <balance>1490332.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116665.280000</valUSD>
        <pctVal>0.003286</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.5</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>RR 7 LTD 2019-7A</name>
        <lei>N/A</lei>
        <title>RR LTD RRAM 2019 7A SUB 144A</title>
        <cusip>74980CAC6</cusip>
        <identifiers>
          <isin value="US74980CAC64"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1768215.200000</valUSD>
        <pctVal>0.0498035</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2120-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-4817159.220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4829326.560000</valUSD>
        <pctVal>-0.136023</pctVal>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <repurchaseRt>4.330000</repurchaseRt>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>5600000.000000</principalAmt>
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              <collateralCd>USD</collateralCd>
              <invstCat>CDS</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STRATEGIC GAMING MANAGEMENT LLC</name>
        <lei>N/A</lei>
        <title>STRATEGIC GAMING COMMITMENT PIK TERM LOAN</title>
        <cusip>BA000LSD2</cusip>
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          <other otherDesc="Internal ID" value="BKL0UN9A7"/>
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        <balance>11300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11304227.900000</valUSD>
        <pctVal>0.318395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.5915</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSAMP TRUST 2005-SD1</name>
        <lei>N/A</lei>
        <title>GSAMP TRUST GSAMP 2005 SD1 M3 144A</title>
        <cusip>36242DWF6</cusip>
        <identifiers>
          <isin value="US36242DWF67"/>
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        <balance>9472147.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7365422.800000</valUSD>
        <pctVal>0.207454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.05868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-4859563.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4862511.520000</valUSD>
        <pctVal>-0.136957</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.460000</repurchaseRt>
          <maturityDt>2025-10-27</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>7233000.000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>6951974.800000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUDGATE FUNDING PLC 2006-1X</name>
        <lei>N/A</lei>
        <title>LUDGATE FUNDING PLC LGATE 2006 1X MC REGS</title>
        <cusip>ACI20ZV82</cusip>
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      <invstOrSec>
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        <name>COREWEAVE COMPUTE ACQUISITION CO II LLC</name>
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        <name>ACHV ABS TRUST 2024-3AL</name>
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        <name>COMM 2021-2400 MORTGAGE TRUST</name>
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        <name>PROMOTORA DE INFORMACIONES SA (PRISA)</name>
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        <debtSec>
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        <name>CERBA HEALTHCARE (CHROME BIDCO)</name>
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        <name>BANC OF AMERICA FUNDING CORP 2007-R1</name>
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        <name>UBS GROUP AG</name>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <name>ARGENT SECURITIES INC 2005-W5</name>
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        <name>VALE SA</name>
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        <name>SMRT 2022-MINI</name>
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        <name>SOUNDVIEW HOME EQUITY LOAN TR 2006-OPT3</name>
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        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 OPT3 M1</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <securityLending>
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        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <name>XEROX CORPORATION</name>
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        <name>N/A</name>
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        <name>FORWARD AIR CORPORATION</name>
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        <name>SOHO TRUST 2021-SOHO</name>
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        <curCd>USD</curCd>
        <valUSD>1158456.330000</valUSD>
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          <maturityDt>2038-08-10</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>HARBORVIEW MORTGAGE LOAN TR 2005-1</name>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZLM008"/>
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        <valUSD>-36427672.520000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="FOR8UP27PHTHYVLBNG30" name="GOLDMAN SACHS &amp; CO. LLC"/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>47803835.440000</principalAmt>
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              <collateralVal>45887895.140000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD CHF BOUGHT USD 20250702</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="25ESKBB31L2"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.793400"/>
        <valUSD>-39586.680000</valUSD>
        <pctVal>-0.001115</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>WELLS FARGO &amp; COMPANY</counterpartyName>
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            <curSold>CHF</curSold>
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            <curPur>USD</curPur>
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            <unrealizedAppr>-39586.680000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORREY PINES RE LTD</name>
        <lei>N/A</lei>
        <title>TORREY PINES RE LTD UNSECURED 144A 06/32 VAR</title>
        <cusip>89141WAH5</cusip>
        <identifiers>
          <isin value="US89141WAH51"/>
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        <balance>800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>826280.000000</valUSD>
        <pctVal>0.023273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-07</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>
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      <invstOrSec>
        <name>YINSON BORONIA PRODUCTION BV</name>
        <lei>5493007X12FTT746N678</lei>
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          <isin value="US98584XAA37"/>
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        <balance>5550608.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5914374.530000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH REVERSE REPO EUR ZCP</title>
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          <other otherDesc="Internal ID" value="971NTX002"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>-13376476.910000</valUSD>
        <pctVal>-0.376761</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="GGDZP1UYGU9STUHRDP48" name="Merrill Lynch International"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>2.950000</repurchaseRt>
          <maturityDt>2025-07-14</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>40172900.000000</principalAmt>
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              <collateralVal>11846887.780000</collateralVal>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY ABS CAPITAL I 2003-NC8</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2003 NC8 B3</title>
        <cusip>61746RDS7</cusip>
        <identifiers>
          <isin value="US61746RDS76"/>
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        <balance>1543439.030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1462524.240000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.0587</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>MASTR ASSET BACKED SECURITIES 2005-HE1</name>
        <lei>N/A</lei>
        <title>MASTR ASSET BACKED SECURITIES MABS 2005 HE1 M6</title>
        <cusip>57643LJK3</cusip>
        <identifiers>
          <isin value="US57643LJK35"/>
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        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>396320.640000</valUSD>
        <pctVal>0.0111628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.48368</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>STRUCTURED ASSET SEC CORP 2005-WF1</name>
        <lei>N/A</lei>
        <title>STRUCTURED ASSET SECURITIES CO SASC 2005 WF1 M6</title>
        <cusip>86359BW49</cusip>
        <identifiers>
          <isin value="US86359BW496"/>
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        <balance>414275.610000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>421580.030000</valUSD>
        <pctVal>0.0118742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.63368</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-7039500.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-7226310.730000</valUSD>
        <pctVal>-0.203536</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>4.950000</repurchaseRt>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>12000000.000000</principalAmt>
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              <collateralVal>10275000.000000</collateralVal>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-8039086.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-8064690.490000</valUSD>
        <pctVal>-0.22715</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.460000</repurchaseRt>
          <maturityDt>2025-09-10</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>10958924.050000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>10582974.150000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL INC 2005-HE2</name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY CAPITAL INC MSAC 2005 HE2 M6</title>
        <cusip>61744CNG7</cusip>
        <identifiers>
          <isin value="US61744CNG77"/>
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        <balance>261419.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>230893.580000</valUSD>
        <pctVal>0.0065033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.52868</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW CENTURY HOME EQUITY LOAN TR 2005-2</name>
        <lei>N/A</lei>
        <title>NEW CENTURY HOME EQUITY LOAN T NCHET 2005 2 M5</title>
        <cusip>64352VKX8</cusip>
        <identifiers>
          <isin value="US64352VKX81"/>
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        <balance>290998.170000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286748.260000</valUSD>
        <pctVal>0.0080765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</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>BENCHMARK MORTGAGE TRUST 2019-B14</name>
        <lei>N/A</lei>
        <title>BENCHMARK MORTGAGE TRUST BMARK 2019 B14 225C 144A</title>
        <cusip>08162YBK7</cusip>
        <identifiers>
          <isin value="US08162YBK73"/>
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        <name>N/A</name>
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        <name>SOHO TRUST 2021-SOHO</name>
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        <name>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2022-1</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>EXTENDED STAY AMERICA TRUST 2021-ESH</name>
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      <invstOrSec>
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        <name>N/A</name>
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        <name>ECOPETROL SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
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          <maturityDt>2033-01-13</maturityDt>
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        <name>MORGAN STANLEY RESECURITIZATION TRUST 2013-R9</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>WASHINGTON MUTUAL 2005-AR5</name>
        <lei>N/A</lei>
        <title>WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR5 B1</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>HESTIA RE LTD</name>
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        <issuerCat>CORP</issuerCat>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
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          <transCat>Reverse repurchase</transCat>
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        <name>TORREY PINES RE LTD</name>
        <lei>N/A</lei>
        <title>TORREY PINES RE LTD TORREY PINES RE LTD</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <name>INTELSAT JACKSON HOLDINGS SA</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>C-BASS LTD 18A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>IHEARTMEDIA INC</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JP MORGAN ALTERNATIVE LN TRUST 2006-A7</name>
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          <isin value="US466286AU51"/>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="25CIKBB962W"/>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-BC1</name>
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        <name>ALTICE FRANCE SA</name>
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        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WHLN 2024-CV3-FF1</name>
        <lei>N/A</lei>
        <title>WHLN 2024 CV3 FF1 7U008KK</title>
        <cusip>954GRSII3</cusip>
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          <other otherDesc="Internal ID" value="WHLNPL9G8"/>
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        <securityLending>
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        <name>CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-CHOP</name>
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        <name>N/A</name>
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        <name>MERCURY AGGREGATOR LP</name>
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          <other otherDesc="Internal ID" value="BKL0SP9U1"/>
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        <name>WASHINGTON MUTUAL 2005-AR8</name>
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        <name>US RENAL CARE INC</name>
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        <title>U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <name>COUNTRYWIDE ASSET-BACKED CERT 2005-BC1</name>
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        <title>COUNTRYWIDE ASSET BACKED CERTI CWL 2005 BC1 M5</title>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <curCd>USD</curCd>
        <valUSD>-10414431.530000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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            <repurchaseCollateral>
              <principalAmt>19295000.000000</principalAmt>
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              <collateralVal>14735093.410000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <curCd>USD</curCd>
        <valUSD>-12687525.410000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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            <repurchaseCollateral>
              <principalAmt>20235942.300000</principalAmt>
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              <collateralVal>17290297.360000</collateralVal>
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              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKFORD TOWER CLO LTD 2020-1A</name>
        <lei>N/A</lei>
        <title>ROCKFORD TOWER CLO LTD ROCKT 2020 1A SUB 144A</title>
        <cusip>77341HAC2</cusip>
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          <isin value="US77341HAC25"/>
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        <curCd>USD</curCd>
        <valUSD>5592451.110000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KREST COMMERCIAL MORTGAGE SECURITIES TRUST 2021-CHIP</name>
        <lei>N/A</lei>
        <title>KREST COMMERCIAL MORTGAGE SECU KREST 2021 CHIP E 144A</title>
        <cusip>50085PAL1</cusip>
        <identifiers>
          <isin value="US50085PAL13"/>
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        <curCd>USD</curCd>
        <valUSD>13905319.350000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2044-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.02449</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO MORGAN STANLEY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLU000"/>
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        <balance>-2346000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-2375122.990000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="IGJSJL3JD5P30I6NJZ34" name="MORGAN STANLEY"/>
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          <isTriParty>N</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>3000000.000000</principalAmt>
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              <collateralVal>2813748.000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARIMA MORTGAGES PLC 2A</name>
        <lei>N/A</lei>
        <title>ARIMA MORTGAGES PLC ARIMA 2A YC 144A</title>
        <cusip>ACI2VMBV8</cusip>
        <identifiers>
          <isin value="XS2964714021"/>
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        <balance>9500000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>11379280.470000</valUSD>
        <pctVal>0.320508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BARCLAYS REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <balance>-697284.240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-705702.010000</valUSD>
        <pctVal>-0.0198768</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <isTriParty>N</isTriParty>
          <repurchaseRt>5.300000</repurchaseRt>
          <maturityDt>2025-07-10</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>894000.000000</principalAmt>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE COMPLEAT FOOD GROUP (HOLDINGS) LIMITED</name>
        <lei>259400QEGOEU126C6775</lei>
        <title>ADDO AND WINTERBOTHAM GBP TERM LOAN</title>
        <cusip>937ICLII2</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BL3489665"/>
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        <balance>6000000.000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.2307</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>ASTON MARTIN CAPITAL HOLDINGS LIMITED</name>
        <lei>213800H4GKEF3CJ8C774</lei>
        <title>ASTON MARTIN CAPITAL HOL ASTON MARTIN CAPITAL HOL</title>
        <cusip>04625HAJ8</cusip>
        <identifiers>
          <isin value="US04625HAJ86"/>
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        <balance>7001000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6636937.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10</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>CLAVEAU RE LTD</name>
        <lei>N/A</lei>
        <title>CLAVEAU RE LTD UNSECURED 144A 07/28 VAR</title>
        <cusip>182896AA8</cusip>
        <identifiers>
          <isin value="US182896AA84"/>
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        <balance>1088319.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27262.400000</valUSD>
        <pctVal>0.0007679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>21.5421</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>N/A</name>
        <lei>N/A</lei>
        <title>SOLD EUR BOUGHT USD 20250702</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FQKBBN6RX"/>
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        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
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        <pctVal>-0.0047306</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2004-FM1</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 FM1 B2</title>
        <cusip>59020UFZ3</cusip>
        <identifiers>
          <isin value="US59020UFZ30"/>
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        <balance>271836.070000</balance>
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        <curCd>USD</curCd>
        <valUSD>236396.230000</valUSD>
        <pctVal>0.0066583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.35868</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>
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      <invstOrSec>
        <name>BX COMMERCIAL MORTGAGE TRUST 2022-AHP</name>
        <lei>N/A</lei>
        <title>BX TRUST BX 2022 AHP E 144A</title>
        <cusip>05610FAF4</cusip>
        <identifiers>
          <isin value="US05610FAF45"/>
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        <balance>10250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10021409.630000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.35176</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>SIERRA MADRE FUNDING LTD 2004-1A</name>
        <lei>N/A</lei>
        <title>SIERRA MADRE FUNDING LTD MADRE 2004 1A A1A 144A</title>
        <cusip>82639RAB3</cusip>
        <identifiers>
          <isin value="US82639RAB33"/>
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        <balance>8447673.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5104540.670000</valUSD>
        <pctVal>0.143774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.80582</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <balance>-4737953.460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4791366.000000</valUSD>
        <pctVal>-0.134954</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>5.340000</repurchaseRt>
          <maturityDt>2025-10-16</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>14584155.680000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>6776044.260000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>PLCMO</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLESTAR RE LTD</name>
        <lei>N/A</lei>
        <title>POLESTAR RE LTD UNSECURED 144A 01/27 VAR</title>
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          <isin value="US73110JAB89"/>
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        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3656450.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AEGIS ASSET BACKED SECURITIES TRUST 2005-2</name>
        <lei>N/A</lei>
        <title>AEGIS ASSET BACKED SECURITIES AABST 2005 2 M5</title>
        <cusip>00764MFF9</cusip>
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          <isin value="US00764MFF95"/>
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        <balance>800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>235173.120000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.40868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH MORTGAGE INV INC 2004-WMC3</name>
        <lei>N/A</lei>
        <title>MERRILL LYNCH MORTGAGE INVESTO MLMI 2004 WMC3 M2</title>
        <cusip>59020UCP8</cusip>
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          <isin value="US59020UCP84"/>
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        <balance>52826.600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51561.980000</valUSD>
        <pctVal>0.0014523</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.27868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PROJECT QUASAR HOLDCO SLU</name>
        <lei>N/A</lei>
        <title>PROJECT QUASAR PLEDGCO SLU 2022 EUR TERM LOAN A1</title>
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          <other otherDesc="Internal ID" value="WHLN14576"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>9903503.650000</valUSD>
        <pctVal>0.278942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2026-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.161</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="EZ1K1NTX2WN0"/>
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        <isRestrictedSec>N</isRestrictedSec>
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                <issuerName>SOFTBANK GROUP CORP</issuerName>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-3</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC   SCRT SCRT 2019 3 BXS</title>
        <cusip>35563PMB2</cusip>
        <identifiers>
          <isin value="US35563PMB21"/>
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        <balance>3186006.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1400284.550000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Variable</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CSMC TRUST 2017</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CALI E 144A</title>
        <cusip>12652FAN2</cusip>
        <identifiers>
          <isin value="US12652FAN24"/>
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        <balance>4900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>823611.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.9041</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>TORREY PINES RE LTD</name>
        <lei>N/A</lei>
        <title>TORREY PINES RE LTD TORREY PINES RE LTD</title>
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        <identifiers>
          <isin value="US89141WAJ18"/>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521875.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.25</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>
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      <invstOrSec>
        <name>ASTON MARTIN CAPITAL HOLDINGS LIMITED</name>
        <lei>213800H4GKEF3CJ8C774</lei>
        <title>ASTON MARTIN CAPITAL HOL ASTON MARTIN CAPITAL HOL</title>
        <cusip>ACI2N9Q99</cusip>
        <identifiers>
          <isin value="XS2788344419"/>
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        <balance>2600000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
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        <curCd>USD</curCd>
        <valUSD>1254497.580000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="988FYT003"/>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
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          <transCat>Reverse repurchase</transCat>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD HKD BOUGHT USD 20250716</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="25FIKBBMS08"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.838700"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BOUGHT INR SOLD USD 20250820</title>
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          <other otherDesc="Internal ID" value="25FFKBBQ71B"/>
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        <balance>1.000000</balance>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
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          <notClearedCentCparty isCleared="N">
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <balance>-4388472.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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            <repurchaseCollateral>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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              <invstCat>CDS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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        <curCd>USD</curCd>
        <valUSD>-5884446.230000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>9340900.000000</principalAmt>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="922VXD003"/>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300L8G1E7ZHVEOG75" name="NATIXIS SECURITIES AMERICAS LLC"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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            <repurchaseCollateral>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CONSUMER LOAN UNDERLYING BOND CLUB CERTIFICATE ISSUER TRUST I SERIES 2020-8</name>
        <lei>N/A</lei>
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          <isin value="US21056UAA07"/>
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          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALIGNED DATA CENTERS INTERNATIONAL LP</name>
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        <title>ALIGNED DATA CENTERS INTER LP 2024 TERM LOAN</title>
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          <other otherDesc="Internal ID" value="BL5035284"/>
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        <balance>15700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15741879.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-18</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD EUR BOUGHT USD 20250702</title>
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          <other otherDesc="Internal ID" value="25FRKBBNJP7"/>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>MORGAN STANLEY &amp; CO. INTERNATIONAL PLC</counterpartyName>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST 2021-N4</name>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
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              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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            <repurchaseCollateral>
              <principalAmt>200000.000000</principalAmt>
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              <invstCat>PLCMO</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="25FSKBBW973"/>
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        <balance>1.000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="40.341200"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>EXELA INTERMEDIATE LLC / EXELA FINANCE INC</name>
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        <curCd>USD</curCd>
        <valUSD>447.650000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>LAKESIDE CDO I LTD/LAKESIDE CDO I INC 2004-1A</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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        <derivativeInfo>
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO BANK OF NEW YORK</title>
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          <other otherDesc="Internal ID" value="976EBD000"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Short</payoffProfile>
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        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300KQ38UGDJPWLM29" name="RBC BARBADOS TRADING BANK CORPORATION"/>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATURE COAST RE LTD</name>
        <lei>N/A</lei>
        <title>NATURE COAST RE LTD UNSECURED 144A 04/33 VAR</title>
        <cusip>63901CAE1</cusip>
        <identifiers>
          <isin value="US63901CAE12"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>301380.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.0447</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNAC CHINA HOLDINGS LIMITED</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>SUNAC CHINA HOLDINGS LTD SR SECURED 144A 09/27 6.5</title>
        <cusip>ACI2L7WC1</cusip>
        <identifiers>
          <isin value="XS2708721662"/>
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        <balance>23275.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2909.380000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FBR SECURITIZATION TRUST 2005 2</name>
        <lei>N/A</lei>
        <title>FBR SECURITIZATION TRUST FBRSI 2005 2 M4</title>
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        <identifiers>
          <isin value="US30246QAK94"/>
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        <balance>1800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1604016.000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36368</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>VOYAGER AVIATION HOLDINGS LLC</name>
        <lei>549300KHOKL1CX4NIJ92</lei>
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          <isin value="US92918XAA37"/>
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        <balance>10025116.600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.100000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.5</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>AMSURG LLC</name>
        <lei>N/A</lei>
        <title>ENVISION HEALTHCARE CORPORTION 2023 LAST OUT TERM LOAN</title>
        <cusip>949ABFII9</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BKL0AMST9"/>
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        <balance>66103898.890000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68087015.860000</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>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.2355</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BCAP LLC TRUST 2009-RR4</name>
        <lei>N/A</lei>
        <title>BCAP LLC TRUST BCAP 2009 RR4 1A2 144A</title>
        <cusip>05531RAB3</cusip>
        <identifiers>
          <isin value="US05531RAB33"/>
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        <balance>1961319.700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450626.540000</valUSD>
        <pctVal>0.0126923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.5</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>BBCMS TRUST 2018-CBM</name>
        <lei>N/A</lei>
        <title>BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2018 CBM E 144A</title>
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          <isin value="US05549RAJ68"/>
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        <balance>5300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3868833.050000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.15901</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AEGIS ASSET BACKED SECURITIES TR 2005-3</name>
        <lei>N/A</lei>
        <title>AEGIS ASSET BACKED SECURITIES AABST 2005 3 M4</title>
        <cusip>00764MFU6</cusip>
        <identifiers>
          <isin value="US00764MFU62"/>
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        <balance>700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108118.220000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
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          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-30837349.390000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="9J6MBOOO7BECTDTUZW19" name="Deutsche Bank Securities Inc."/>
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            <repurchaseCollateral>
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              <invstCat>CDS</invstCat>
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        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NGD HOLDINGS BV</name>
        <lei>984500ED2ABF0UF46690</lei>
        <title>NGD HOLDINGS BV SR SECURED 12/26 6.75</title>
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          <isin value="XS2342932576"/>
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        <balance>1053969.820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>959112.540000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>WESTMORELAND MINING HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>WESTMORELAND MINING HOLDINGS L COMMON</title>
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          <other otherDesc="Internal ID" value="EQTY03452"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56022.960000</valUSD>
        <pctVal>0.0015779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEAR STEARNS ALT-A TRUST 2004-5</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ALT A TRUST BALTA 2004 5 B1</title>
        <cusip>07386HJK8</cusip>
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          <isin value="US07386HJK86"/>
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        <balance>87726.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32526.010000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COUNTRYWIDE ALTERNATIVE LOAN TR 2007-OA7</name>
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        <title>COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 OA7 A2A</title>
        <cusip>126680AD9</cusip>
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          <isin value="US126680AD96"/>
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        <balance>2770242.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>1841287.900000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2047-05-25</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FREMONT HOME LOAN TRUST 2005-B</name>
        <lei>N/A</lei>
        <title>FREMONT HOME LOAN TRUST FHLT 2005 B M6</title>
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          <isin value="US35729PKA74"/>
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        <balance>1200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1034408.400000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.39368</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWFOLD DIGITAL HOLDINGS GROUP INC</name>
        <lei>549300UTQC2651SB0W88</lei>
        <title>NEWFOLD DIGITAL HLDGS GR SR UNSECURED 144A 02/29 6</title>
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          <isin value="US29279XAA81"/>
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        <balance>16530000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9670050.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>N/A</name>
        <lei>N/A</lei>
        <title>SOLD TRY BOUGHT USD 20250701</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="25FJKBBPDS4"/>
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        <units>NC</units>
        <currencyConditional curCd="TRY" exchangeRt="39.817700"/>
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        <pctVal>-0.0001758</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="975ZWH002"/>
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        <balance>-2128476.950000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.848900"/>
        <valUSD>-2509762.620000</valUSD>
        <pctVal>-0.0706899</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
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              <counterpartyInfo lei="BFM8T61CT2L1QCEMIK50" name="UBS AG"/>
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            <repurchaseCollateral>
              <principalAmt>2646543.900000</principalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERIQUEST MTGE SECURITIES INC 2005-R11</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>X CORPORATION</name>
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        <curCd>USD</curCd>
        <valUSD>4284500.000000</valUSD>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal ID" value="913ZLU000"/>
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        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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            <repurchaseCollateral>
              <principalAmt>2800000.000000</principalAmt>
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        <securityLending>
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        <name>GC PASTOR HIPOTECARIO FTA 5</name>
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        <debtSec>
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        <securityLending>
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        <assetCat>EP</assetCat>
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        <name>CORESTATE CAPITAL HOLDING SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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        <name>UNITED STATES GOVT</name>
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        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <derivativeInfo>
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        <name>STEENBOK LUX FINCO 2 SARL</name>
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        <name>GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1</name>
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        <name>CSMC SERIES 2014-2R</name>
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        <issuerCat>CORP</issuerCat>
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        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO PARIBAS</title>
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        <securityLending>
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        <name>MERRILL LYNCH MORTGAGE INVESTOR 2005-HE1</name>
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        <issuerCat>CORP</issuerCat>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="9J6MBOOO7BECTDTUZW19" name="Deutsche Bank Securities Inc."/>
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      <invstOrSec>
        <name>WINSTON RE LTD</name>
        <lei>2549001Q4VX5Y31QFJ88</lei>
        <title>WINSTON RE LTD UNSECURED 144A 02/28 VAR</title>
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          <isin value="US975660AC59"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ASSET BACKED SEC HOME EQTY LN 2004-HE7</name>
        <lei>N/A</lei>
        <title>ASSET BACKED SECURITIES CORP H ABSHE 2004 HE7 M2</title>
        <cusip>04541GMD1</cusip>
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          <isin value="US04541GMD15"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44524.840000</valUSD>
        <pctVal>0.0012541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2034-10-25</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO WARBURG REVERSE REPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="913ZMB001"/>
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        <balance>-1257228.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1271308.960000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="549300SZJ9VS8SGXAN81" name="UBS Group AG"/>
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          <isTriParty>N</isTriParty>
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          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1647515.000000</principalAmt>
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              <invstCat>CDS</invstCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOLP TRUST 2021-NYC</name>
        <lei>N/A</lei>
        <title>DOLP TRUST DOLP 2021 NYC G 144A</title>
        <cusip>23345LAQ2</cusip>
        <identifiers>
          <isin value="US23345LAQ23"/>
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        <balance>8000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5406829.600000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70378</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WINSTON RE LTD</name>
        <lei>2549001Q4VX5Y31QFJ88</lei>
        <title>WINSTON RE LTD UNSECURED 144A 02/31 VAR</title>
        <cusip>975660AB7</cusip>
        <identifiers>
          <isin value="US975660AB76"/>
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        <balance>2800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2944200.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>UKRAINE GOVT</name>
        <lei>6354001WLTJXOMEXPY07</lei>
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          <isin value="US903724CE02"/>
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        <balance>920505.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>357155.940000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>UA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TR 2005-WF1</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 WF1 M2</title>
        <cusip>17307GPH5</cusip>
        <identifiers>
          <isin value="US17307GPH55"/>
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        <balance>4114677.620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3607916.390000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.03</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <balance>-1978863.950000</balance>
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        <curCd>USD</curCd>
        <valUSD>-2007235.910000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="7LTWFZYICNSX8D621K86" name="DEUTSCHE BANK AKTIENGESELLSCHAFT"/>
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            <repurchaseCollateral>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUNDVIEW HOME EQUITY LOAN TRU 2005-CTX1</name>
        <lei>N/A</lei>
        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 CTX1 M4</title>
        <cusip>83611PBX8</cusip>
        <identifiers>
          <isin value="US83611PBX87"/>
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        <balance>27634.830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27621.600000</valUSD>
        <pctVal>0.000778</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.36368</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WAYFAIR LLC</name>
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          <isin value="US94419NAB38"/>
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        <balance>800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>806964.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RESIDENTIAL ASSET SECURITIES 2005-KS11</name>
        <lei>N/A</lei>
        <title>RESIDENTIAL ASSET SECURITIES C RASC 2005 KS11 M5</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2035-12-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.37868</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO DEUTSCHE REVERSE REPO</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZLG001"/>
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        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Reverse repurchase</transCat>
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            <counterpartyInfos>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOLD CNH BOUGHT USD 20250820</title>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>CS FIRST BOSTON MTGE SEC CORP 2005-FIX1</name>
        <lei>N/A</lei>
        <title>CREDIT SUISSE FIRST BOSTON MOR CSFB 2005 FIX1 M1</title>
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        <curCd>USD</curCd>
        <valUSD>629224.730000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.85</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>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/4.40000 09/17/24-2Y CME</title>
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        <curCd>USD</curCd>
        <valUSD>1933618.890000</valUSD>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>URSA RE LTD</name>
        <lei>549300O8X4DWGDJZ6W59</lei>
        <title>URSA RE LTD UNSECURED 144A 02/28 VAR</title>
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        <identifiers>
          <isin value="US90323WAR16"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1911210.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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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>YINSON PRODUCTION FINANCIAL SERVICES PTE LTD</name>
        <lei>254900TYMSC94RS33U73</lei>
        <title>YINSON PRODUCTION FINANC SR SECURED 144A REGS 05/29 9.6</title>
        <cusip>ACI2NT341</cusip>
        <identifiers>
          <isin value="NO0013215509"/>
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        <balance>7300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7589126.280000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.625</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>HILTON USA TRUST 2016-SFP</name>
        <lei>N/A</lei>
        <title>HILTON USA TRUST HILT 2016 SFP A 144A</title>
        <cusip>43289VAA1</cusip>
        <identifiers>
          <isin value="US43289VAA17"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850460.500000</valUSD>
        <pctVal>0.023954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82844</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>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO PARIBAS</title>
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        <identifiers>
          <other otherDesc="Internal ID" value="913ZLW006"/>
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        <balance>-5472000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5511506.320000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerConditional desc="See item: C_10_b_ii_name" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="R0MUWSFPU8MPRO8K5P83" name="BNP PARIBAS"/>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WINSTON RE LTD</name>
        <lei>2549001Q4VX5Y31QFJ88</lei>
        <title>WINSTON RE LTD UNSECURED 144A 02/31 VAR</title>
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        <identifiers>
          <isin value="US975660AA93"/>
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        <balance>450000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>476100.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED STATES GOVT</name>
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        <identifiers>
          <isin value="US912797QK68"/>
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        <balance>4946000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4917001.660000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>STRATTON MORTGAGE FUNDING 2024-2 PLC  24-2A</name>
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        <title>STRATTON MORTGAGE FUNDING PLC STRA 2024 2A Z 144A</title>
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        <identifiers>
          <isin value="XS2777487385"/>
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        <balance>5663000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-28</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>SANDERS RE III LTD</name>
        <lei>N/A</lei>
        <title>SANDERS RE III LTD UNSECURED 144A 04/29 VAR</title>
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        <identifiers>
          <isin value="US80000XAC39"/>
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        <balance>6399000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3679425.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <balance>700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455458.950000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <curCd>USD</curCd>
        <valUSD>12784825.000000</valUSD>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CITIGROUP REVERSE REPO</title>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <balance>1.000000</balance>
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        <pctVal>0.0008109</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM2</name>
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        <title>MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM2 B2 144A</title>
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        <curCd>USD</curCd>
        <valUSD>1948246.400000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <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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        <name>BEAR STEARNS ABS INC 2004-FR1</name>
        <lei>N/A</lei>
        <title>BEAR STEARNS ASSET BACKED SECU BSABS 2004 FR1 M3</title>
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        <identifiers>
          <isin value="US073879DG04"/>
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        <balance>64636.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70509.450000</valUSD>
        <pctVal>0.001986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23368</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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        <name>CORONADO CDO LTD 1A</name>
        <lei>N/A</lei>
        <title>CORONADO CDO LTD CORON 1A B1 144A</title>
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          <isin value="US21976RAB24"/>
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        <balance>1670998.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>488807.100000</valUSD>
        <pctVal>0.0137677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <name>TEAM HEALTH HOLDINGS INC</name>
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        <name>POPULAR ABS MTGE PASS THRU TRUST 2006-D</name>
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        <name>THAMES WATER UTILITIES FINANCE PLC</name>
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        <name>N/A</name>
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          <other otherDesc="Internal ID" value="913ZLB002"/>
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        <isRestrictedSec>N</isRestrictedSec>
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              <counterpartyInfo lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
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        <name>MKP CBO IV LTD</name>
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        <name>N/A</name>
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        <name>SOUNDVIEW HOME EQUITY LOAN 2001-2</name>
        <lei>N/A</lei>
        <title>SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2001 2 M2</title>
        <cusip>83611PAS0</cusip>
        <identifiers>
          <isin value="US83611PAS02"/>
        </identifiers>
        <balance>17673.330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14552.960000</valUSD>
        <pctVal>0.0004099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23368</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>HOUT BAY 2006-1</name>
        <lei>N/A</lei>
        <title>HOUT BAY HOUT 2006 1A A2 144A</title>
        <cusip>442451AB6</cusip>
        <identifiers>
          <isin value="US442451AB62"/>
        </identifiers>
        <balance>8111157.650000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8630.270000</valUSD>
        <pctVal>0.0002431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.88587</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>COUNTRYWIDE HOME LOANS 2005-9</name>
        <lei>N/A</lei>
        <title>COUNTRYWIDE HOME LOANS CWHL 2005 9 1A2</title>
        <cusip>12669GYZ8</cusip>
        <identifiers>
          <isin value="US12669GYZ89"/>
        </identifiers>
        <balance>2128252.820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1531120.410000</valUSD>
        <pctVal>0.0431255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.13368</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>COUNTRY GARDEN HOLDINGS COMPANY LIMITED</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>COUNTRY GARDEN HLDGS SR SECURED REGS 09/25 6.15</title>
        <cusip>ACI1FGXS4</cusip>
        <identifiers>
          <isin value="XS2051371222"/>
        </identifiers>
        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76250.000000</valUSD>
        <pctVal>0.0021477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ZCS BRL 11.26 03/25/22-01/04/27 CME</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EZTGJMP2L6K1"/>
        </identifiers>
        <balance>1.000000</balance>
        <units>NC</units>
        <currencyConditional curCd="BRL" exchangeRt="5.433100"/>
        <valUSD>-18450.190000</valUSD>
        <pctVal>-0.0005197</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="See item: C.11.b counterparty" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Brazil Cetip DI Interbank Deposit Rate</issueTitle>
                <identifiers>
                  <other otherDesc="Internal_ID" value="SWU01HL97-Brazil Cetip DI Interbank Deposit Rate"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.000000" curCd="BRL" fixedOrFloating="Fixed" fixedRt="11.289800"/>
            <floatingPmntDesc curCd="BRL" fixedOrFloating="Floating" floatingRtIndex="Brazil Cetip DI Interbank Deposit Rate" floatingRtSpread="0.000000" pmntAmt="0.000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2027-01-04</terminationDt>
            <upfrontPmnt>0.000000</upfrontPmnt>
            <pmntCurCd>BRL</pmntCurCd>
            <upfrontRcpt>0.000000</upfrontRcpt>
            <rcptCurCd>BRL</rcptCurCd>
            <notionalAmt>1600000.000000</notionalAmt>
            <curCd>BRL</curCd>
            <unrealizedAppr>-18450.190000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCS GROUP HOLDINGS LIMITED</name>
        <lei>54930002RKY3Y4LURL90</lei>
        <title>OCS GROUP HOLDINGS LTD GBP TERM LOAN B</title>
        <cusip>BA000BQB0</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="BL4806396"/>
        </identifiers>
        <balance>20200000.000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.728500"/>
        <valUSD>27679970.840000</valUSD>
        <pctVal>0.779633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.9614</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>NOVASTAR HOME EQUITY LOAN 2005-4</name>
        <lei>N/A</lei>
        <title>NOVASTAR HOME EQUITY LOAN NHEL 2005 4 M1</title>
        <cusip>66987WDE4</cusip>
        <identifiers>
          <isin value="US66987WDE49"/>
        </identifiers>
        <balance>21932.720000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21889.890000</valUSD>
        <pctVal>0.0006165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.09368</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>WHLN 2025-CV3-PF-FF2</name>
        <lei>N/A</lei>
        <title>WHLN 2025 CV3 PF FF2 WHLN50984</title>
        <cusip>956JXB003</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLN50984"/>
        </identifiers>
        <balance>17689668.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17726932.560000</valUSD>
        <pctVal>0.499296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.15</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Total returns do not deduct sales loads and redemption fees." noteItem="B.5.a"/>

      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.c.vi"/>
      <explntrNote note="A negative balance, which may be due to such circumstances as a net overdraft as of the reporting period-end, is reported as $0 in Item B.2.f - Cash and cash equivalents not reported in Parts C and D.  This is done in order to conform to the technical constraints of the XML type, which do not allow negative values in B.2.f." noteItem="B.2.f"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.d.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.e.iii"/>
      <explntrNote note="The form requires the filer to report ISO country codes and certain supranational entities are not on the ISO country code list.  Instruments issued by or economic exposure to a supranational entity may be disclosed as N/A." noteItem="C.5.a"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.f.ii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-19</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Flexible Credit Income Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
