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        <name>Regatta XII Funding Ltd.</name>
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        <name>SciQuest/Jaggaer 7/25 Cov-Lite TL</name>
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        <name>HERENS HOLDCO SARL</name>
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        <name>Anchorage Capital CLO LTD</name>
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        <name>Equiniti Group/Orbit Private 11/25 Cov-Lite TL</name>
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        <name>Benefit Street Partners CLO Lt</name>
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        <name>DIG INTL FIN/DIFL US LLC</name>
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        <name>GoldenTree Loan Management US</name>
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        <name>Palmer Square CLO Ltd</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Planet US Buyer/Wood Mackenzie 1/24 Cov-Lite TLB</name>
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        <cusip>72706RAB2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BIFM/Brookfield Global/BGIS 9/25 Cov-Lite TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Epicor 5/24 TL</name>
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        <name>Madison Park Funding Ltd</name>
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        <name>Signia Aerospace 7/25 Cov-Lite TL</name>
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        <name>Carroll County 12/25 TL</name>
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        <name>OHA Credit Partners Ltd</name>
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        <name>Eisner Advisory/EisnerAmper 2/24 Cov-Lite TLB</name>
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        <name>Anchorage Capital CLO LTD</name>
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        <name>Parexel International 12/25 Cov-Lite TLB</name>
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      <invstOrSec>
        <name>Lasership 11/24 Third Out TLE</name>
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        <name>Regatta XXIX Funding Ltd.</name>
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        <name>ThyssenKrupp Elevator 3/25 (USD) TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ThyssenKrupp Elevator 2/26 Cov-Lite TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oaktree CLO Ltd</name>
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        <name>Symphony CLO Ltd</name>
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        <name>Cable &amp; Wireless 1/25 B7 Cov-Lite TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CCRR Parent/Trustaff 3/21 Cov-Lite TLB</name>
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        <name>United Talent 11/25 Cov-Lite TLB</name>
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        <name>PUG/Viagogo/StubHub 3/24 Extended TLB</name>
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        <name>Entrata 9/25 TL</name>
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        <name>Trestles CLO LTD</name>
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        <name>Madison Park Funding Ltd</name>
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        <name>Arnott 10/25 Cov-Lite TLB</name>
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        <name>Benefit Street Partners CLO Lt</name>
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        <name>Regatta XXIV Funding Ltd.</name>
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        <name>Banijay/Betclic 1/26 (USD) Cov-Lite TLB</name>
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        <name>CONSTANT CONTACT INC</name>
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        <name>Par Petroleum/Par Pacific 12/25 Cov-Lite TLB</name>
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        <name>Lasership 11/24 Second Out TLB1</name>
        <lei>N/A</lei>
        <title>Lasership 11/24 Second Out TLB1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Hilex Poly/Novolex 3/25 Cov-Lite TLB</name>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX260464"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Citrin Cooperman 3/25 Cov-Lite TLB</name>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX259294"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Wind River CLO Ltd</name>
        <lei>N/A</lei>
        <title>WINDR 2018-3A SUB</title>
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          <isin value="US88432XAC48"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Nexstar Broadcasting 3/26 B7 TL</name>
        <lei>N/A</lei>
        <title>Nexstar Broadcasting 3/26 B7 TL</title>
        <cusip>65336RBF4</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX287868"/>
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        <balance>310933.10000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.41774160</annualizedRt>
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      <invstOrSec>
        <name>RealPage 2/21 Cov-Lite TL</name>
        <lei>N/A</lei>
        <title>RealPage 2/21 Cov-Lite TL</title>
        <cusip>75605VAD4</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX192752"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-24</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>First Eagle 6/25 Cov-Lite Delayed TL</name>
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        <title>First Eagle 6/25 Cov-Lite Delayed TL</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX264099"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>INTERNATIONAL TEXTILE 6/23 - EQUITY</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL TEXTILE 6/23 - EQUITY</title>
        <cusip>N/A</cusip>
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          <other otherDesc="INTERNAL IDENTIFIER" value="LX213464             00900"/>
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        <curCd>USD</curCd>
        <valUSD>36419.54000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duravant 11/25 (USD) Cov-Lite TL</name>
        <lei>N/A</lei>
        <title>Duravant 11/25 (USD) Cov-Lite TL</title>
        <cusip>26658NAT6</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX276144"/>
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        <balance>498853.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500225.45000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>6.94960920</annualizedRt>
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      <invstOrSec>
        <name>Sabre 12/25 11th Amendment TLB2</name>
        <lei>N/A</lei>
        <title>Sabre 12/25 11th Amendment TLB2</title>
        <cusip>N/A</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX278623"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300JRWXK6DFJD7D06</lei>
        <title>NEUB 2022-47A SUB</title>
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        <name>Chamberlain/Chariot Buyer 7/25 TLB</name>
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        <title>Chamberlain/Chariot Buyer 7/25 TLB</title>
        <cusip>15963CAE6</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX266563"/>
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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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      <invstOrSec>
        <name>Horizon US Finco/Travel Corp 12/24 Cov-Lite TLB</name>
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        <title>Horizon US Finco/Travel Corp 12/24 Cov-Lite TLB</title>
        <cusip>44057XAB3</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX255860"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kidde Global 1/26 Cov-Lite TLB</name>
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        <title>Kidde Global 1/26 Cov-Lite TLB</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX281463"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>CIFC Funding Ltd</name>
        <lei>254900SVOWCOSOG16T40</lei>
        <title>CIFC 2019-3A ER2</title>
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          <isin value="US12554UAG31"/>
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        <balance>2750000.00000000</balance>
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        <valUSD>2673006.05000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Driven Performance/Holley Performance 11/21 TL</name>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX200091"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SYNIVERSE HOLDINGS INC</name>
        <lei>549300CYZBHMZC8VLL59</lei>
        <title>Syniverse Holdings, Inc.TL 1L</title>
        <cusip>87168TAB7</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX204324"/>
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        <curCd>USD</curCd>
        <valUSD>512442.99000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO</name>
        <lei>549300KJKTO0Q1OATW69</lei>
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        <name>Kaseya 3/25 2nd Lien Cov-Lite TL</name>
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        <name>LCPR LOAN FINANCING LLC</name>
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        <name>CALLAWAY GOLF COMPANY</name>
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        <name>OVG Business/Oak View Group 5/24 TLB</name>
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        <name>Paradigm Outcomes 7/25 Cov-Lite TLB</name>
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        <name>Trace3 10/25 TL</name>
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        <name>Bettcher Industries 12/21 Cov-Lite TL</name>
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        <name>Bass Pro Shops/Great American 1/25 Cov-Lite TLB</name>
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        <name>FENDER MUSICAL INSTRUMENTS CORPORATION</name>
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        <name>Canyon Capital CLO Ltd</name>
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        <name>Dayforce 10/25 TLB</name>
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        <name>WestJet Airlines 1/24 TLB</name>
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        <name>Avalara 9/25 Cov-Lite TL</name>
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        <name>Southern Veterinary/Mission Pet Health 7/25 TL</name>
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        <name>Pye-Barker 12/25 Cov-Lite TL</name>
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        <name>Cornerstone Generation 10/24 TLB</name>
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        <name>Gentiva Health/Kindred at Home 1/25 Cov-Lite TLB</name>
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        <name>AQ Carver Buyer (CoAdvantage) 7/23 T/L</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Regatta XVIII Funding Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Neuberger Berman CLO Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUGREEN LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BlueTriton/Triton Water/Primo 3/26 Cov-Lite TLB</name>
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        <name>TRUGREEN LP</name>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Univar/Windsor 2/25 (USD) TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Apidos CLO</name>
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        <name>INFINITE BIDCO LLC</name>
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        <name>Worldwide Express/GlobalTranz 11/24 Cov-Lite TLB</name>
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        <name>Invesco Treasury Portfolio</name>
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        <title>INVESCO TREASURY PORTFOLIO INSTITUTIONAL CLASS</title>
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        <name>Hertz 6/21 TLB</name>
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        <name>Oak Hill Credit Partners</name>
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        <name>Imperial Bag &amp; Paper/Imperial Dade 2/25 TLB</name>
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        <invCountry>US</invCountry>
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        <name>Focus Financial Partners 1/25 Add-On Cov-Lite TLB</name>
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        <title>Focus Financial Partners 1/25 Add-On Cov-Lite TLB</title>
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      <invstOrSec>
        <name>Salas O'Brien 1/26 Cov-Lite TL</name>
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        <name>Sharp 9/25 TLB</name>
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        <name>KKR Financial CLO Ltd</name>
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        <name>Ping Identity 10/25 Cov-Lite TL</name>
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        <name>TICP 2020-15A SUB</name>
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        <name>Creative Artists 7/25 TL</name>
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        <name>Alera Group 1/26 Cov-Lite TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oaktree CLO Ltd</name>
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        <name>OCP CLO Ltd</name>
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        <name>New Arclin/ARC Falcon 9/21 Cov-Lite TL</name>
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        <name>Select Medical 3/26 Cov-Lite TLB</name>
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        <name>BROWN GROUP HOLDING LLC</name>
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        <name>Neuberger Berman CLO Ltd</name>
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        <name>Babson CLO Ltd</name>
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        <title>BABSN 2025-4A E</title>
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        <name>UST GLOBAL INC</name>
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      <invstOrSec>
        <name>Altera/Gryphon 6/25 Cov-Lite TLB</name>
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        <name>ELEMENT MTRL TECH GP HLDG TL</name>
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        <name>Bowlmor AMF/Bowlero/Lucky Strike 9/25 Cov-Lite TLB</name>
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        <name>Cotiviti 2/24 TL</name>
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        <name>Madison Park Funding Ltd</name>
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        <name>Sedgwick CMS 2/23 TLB</name>
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        <name>RR Ltd</name>
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        <name>Hanger Orthopedic 10/24 TLB</name>
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        <name>Michael Baker 1/25 TLB</name>
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        <name>McDermott International/Lummus 7/25 Cov-Lite TLB</name>
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        <name>Clover CLO</name>
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        <name>National Intergovernmental Purchasing/Omnia TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyperion Insurance/Howden 8/25 TLB</name>
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        <name>WeddingWire 12/24 TLB</name>
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        <name>RR Ltd</name>
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        <name>Ardonagh 6/24 Cov-Lite TLB</name>
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        <name>Astro Acquisition/Cooper Mach 8/25 Cov-Lite TLB</name>
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        <name>Idera 6/24 TL</name>
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        <name>CIFC Funding Ltd</name>
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        <name>Powerteam Services 2/24 TLC</name>
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        <name>Infoblox 1/25 TLB</name>
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        <name>Digicel 7/25 TLB</name>
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        <invCountry>JM</invCountry>
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        <name>Kantar 2/24 Extended TLB</name>
        <lei>N/A</lei>
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        <name>Carlyle Global Market Strategi</name>
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        <name>ARES CLO Ltd</name>
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        <name>Wind River CLO Ltd</name>
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        <name>ALTICE FRANCE SA</name>
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        <name>ALTICE FRANCE LUX 3</name>
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        <name>Apidos CLO</name>
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        <name>OverDrive/RBmedia 7/25 TLB</name>
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        <name>Benefit Street Partners CLO Lt</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hightower 7/25 Cov-Lite TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CIFC Funding Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
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        <title>BSP 2019-17A ER2</title>
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          <isin value="US08182AAG58"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ATHENAHEALTH GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>N/A</lei>
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          <isin value="US12565HAC88"/>
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        <name>Apidos CLO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RegionalCare/Lifepoint Health 9/24 TLB</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Autodata/JD Power 7/24 TL</name>
        <lei>N/A</lei>
        <title>Autodata/JD Power 7/24 TL</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX236902"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>549300CIOPBDYOSN3T91</lei>
        <title>BSP 2017-12A SUB</title>
        <cusip>08179JAB2</cusip>
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          <isin value="US08179JAB26"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
        <title>ARES 2021-59A SUB</title>
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          <isin value="US04018GAC06"/>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IPS/CP Iris 10/25 Cov-Lite Delayed TL</name>
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        <title>IPS/CP Iris 10/25 Cov-Lite Delayed TL</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX272515"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Styrolution/Ineos Quattro 10/24 TLB</name>
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        <title>Styrolution/Ineos Quattro 10/24 TLB</title>
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        <name>Hunterstown 10/25 TL</name>
        <lei>N/A</lei>
        <title>Hunterstown 10/25 TL</title>
        <cusip>44579UAD4</cusip>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX272243"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-11-06</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Gogo 4/21 TLB</name>
        <lei>N/A</lei>
        <title>Gogo 4/21 TLB</title>
        <cusip>38046JAB0</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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        <name>VSE Corp 3/26 Cov-Lite TLB</name>
        <lei>N/A</lei>
        <title>VSE Corp 3/26 Cov-Lite TLB</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX286999"/>
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        <issuerCat>CORP</issuerCat>
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        <name>Ballyrock Ltd</name>
        <lei>N/A</lei>
        <title>BALLY 2022-19A SUB</title>
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        <invCountry>JE</invCountry>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>BSP 2015-6BR ER</title>
        <cusip>08182EAC6</cusip>
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          <isin value="US08182EAC66"/>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>549300EW146C7Q4UV387</lei>
        <title>APID 2017-27A SUB</title>
        <cusip>03766JAC0</cusip>
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          <isin value="US03766JAC09"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>BSP 2021-25A ER</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRAY MEDIA INC</name>
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      <invstOrSec>
        <name>Sabert 6/24 TLB</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>First Advantage 7/25 TLB</name>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>TransDigm 2/26 Cov-Lite TLN</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ascensus 12/24 Cov-Lite TLB</name>
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        <assetCat>LON</assetCat>
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      <invstOrSec>
        <name>MSOF Beacon/Potters Industries 12/25 Cov-Lite TLB</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Precision Medicine 8/25 Cov-Lite TLB</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITP Aero 11/25 TL</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHG Healthcare 7/25 Cov-Lite TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>McAfee 12/24 Cov-Lite TLB</name>
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        <name>Rackspace Hosting 3/24 FLFO New SuperPriority TLB</name>
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        <name>Fertitta Entertainment, LLC TLB 1L</name>
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        <name>CIFC Funding Ltd</name>
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        <name>GGP/Brookfield Retail 5/25 TLB</name>
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        <name>Tacala 9/25 TLB</name>
        <lei>N/A</lei>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX269956"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>OHA Credit Partners Ltd</name>
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        <name>FNZ Group 11/24 (USD) TLB</name>
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        <name>Opella 10/25 (USD) Cov-Lite TL</name>
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        <name>LA Fitness 1/24 TLB</name>
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        <name>19TH HOLDINGS GOLF LLC</name>
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        <name>National Mentor/Civitas/Sevita 12/25 Delayed TL</name>
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        <name>Carlyle Global Market Strategi</name>
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        <name>Shackleton CLO LTD</name>
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        <name>Rad CLO Ltd</name>
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        <name>Hilex Poly/Novolex 3/25 TL</name>
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        <name>Achilles/OneDigital Health 1/25 TL</name>
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      <invstOrSec>
        <name>Summit Companies 9/25 Cov-Lite Delayed TL</name>
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        <name>CIFC Funding Ltd</name>
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        <name>Groundworks 3/24 Cov-Lite TL</name>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX227467"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-14</maturityDt>
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        <name>Tectum Holdings/Truck Hero 9/23 Incremental TL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carlyle Global Market Strategi</name>
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        <name>Imperial Bag &amp; Paper/Imperial Dade 3/26 10th Am TL</name>
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        <name>Summit Behavioral 8/25 First Out TL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Scenic 7/25 (USD) TLB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clover CLO</name>
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        <name>Carlyle Global Market Strategi</name>
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        <name>Hologic 1/26 (USD) Cov-Lite TLB</name>
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        <name>Allwyn 11/25 Cov-Lite TLB</name>
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        <name>Ufinet/Zacapa 10/24 TL</name>
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        <name>Truist Insurance 5/24 2nd Lien TL</name>
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        <title>Truist Insurance 5/24 2nd Lien TL</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Diameter Capital CLO</name>
        <lei>25490087B17FBD0ODC27</lei>
        <title>DCLO 2022-4A ERR</title>
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        <name>GEN II Fund Services 11/24 TLB</name>
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        <name>Osmose Utilities 6/21 Cov-Lite TL</name>
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        <name>National Intergov Purch/Omnia 10/25 2nd Lien TL</name>
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        <name>Apidos CLO</name>
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        <name>Nyack Park CLO, Ltd.</name>
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        <name>Ahead 7/24 TLB3</name>
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        <name>CIFC Funding Ltd</name>
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        <name>COVETRUS INC</name>
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        <name>M6 Midstream 9/25 TLB</name>
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        <name>Styrolution/Ineos Quattro 11/23 Cov-Lite TLB</name>
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        <name>Carlyle Global Market Strategi</name>
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        <name>Zelis/RedCard 10/24 TLB</name>
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        <name>Carlyle Global Market Strategi</name>
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        <name>Hillenbrand 1/26 (USD) Cov-Lite TLB</name>
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        <name>GRAY MEDIA INC</name>
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        <name>Endo Pharmaceuticals 10/24 TLB</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
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          <isin value="US64135YAA73"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Anchorage Capital CLO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Baldwin Insurance 9/25 Cov-Lite TLB2</name>
        <lei>N/A</lei>
        <title>Baldwin Insurance 9/25 Cov-Lite TLB2</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX269822"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-26</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anchorage Capital CLO LTD</name>
        <lei>54930064GO7DB3TVDY21</lei>
        <title>ANCHC 2015-6A ER4</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Transdigm, Inc. 11/23 TLJ</name>
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        <title>Transdigm, Inc. 11/23 TLJ</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>549300VHDAICRAGZNJ35</lei>
        <title>BSP 2022-28A ER</title>
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        <balance>2000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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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>Kaseya 3/25 Cov-Lite TL</name>
        <lei>N/A</lei>
        <title>Kaseya 3/25 Cov-Lite TL</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX259600"/>
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        <valUSD>1352528.04000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.91773840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Needle Exit TL</name>
        <lei>N/A</lei>
        <title>Needle Exit TL</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC 2019-5A ER2</title>
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          <isin value="US12555GAG38"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Staples 5/24 Cov-Lite TLB</name>
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        <title>Staples 5/24 Cov-Lite TLB</title>
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          <other otherDesc="EXTERNAL IDENTIFIER" value="LX233216"/>
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        <balance>267651.87000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Brand Energy/BrandSafway 4/24 TLB</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>XAI OCTAGON FLOATING RATE &amp; ALTERNATIVE INCOME TRUST</ncom:nameOfApplicant>
      <ncom:signature>Derek Mullins</ncom:signature>
      <ncom:signerName>Derek Mullins</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
