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      <invstOrSec>
        <name>FS RIALTO</name>
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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Fannie Mae Connecticut Avenue</name>
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      <invstOrSec>
        <name>Freddie Mac REMICS</name>
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        <title>Freddie Mac REMICS 5.84</title>
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          <isin value="US3137BSCY78"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2023-HQA2</name>
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      <invstOrSec>
        <name>Freddie Mac STACR REMIC Trust 2021-DNA6</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OFSI Fund Ltd</name>
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          <isin value="US67111CAL28"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Octagon Investment Partners Lt</name>
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          <ticker value="OCT31"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>OHA Loan Funding Ltd</name>
        <lei>N/A</lei>
        <title>OHA Loan Funding 2013-1 Ltd 6.67</title>
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          <ticker value="OHALF"/>
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        <assetCat>ABS-CBDO</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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      <invstOrSec>
        <name>Palmer Square CLO Ltd</name>
        <lei>549300UP5H2PFBIITY41</lei>
        <title>Palmer Square CLO 2014-1 Ltd 6.71</title>
        <cusip>69688XAS0</cusip>
        <identifiers>
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          <ticker value="PLMRS"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Ready Capital Corp</name>
        <lei>N/A</lei>
        <title>Ready Capital Mortgage Financing 2023-FL11 LLC 7.71</title>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ready Capital Corp</name>
        <lei>N/A</lei>
        <title>Ready Capital Mortgage Financing 2021-FL7 LLC 6.64</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Rockford Tower CLO Ltd</name>
        <lei>549300V5ZF7112UGSH89</lei>
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          <isin value="US77341DAA54"/>
          <ticker value="ROCKT"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
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          <isin value="US8574927062"/>
          <ticker value="GVMXX"/>
          <other otherDesc="SEDOL" value="B284MN4"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Saranac CLO</name>
        <lei>5493000RC2FP2JRHW627</lei>
        <title>Saranac Clo VII Ltd 6.81</title>
        <cusip>80317EAA7</cusip>
        <identifiers>
          <isin value="US80317EAA73"/>
          <ticker value="SRANC"/>
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        <balance>117322.8800000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Shackleton CLO Ltd</name>
        <lei>N/A</lei>
        <title>Shackleton 2017-XI Clo Ltd 7.22</title>
        <cusip>81883EAG6</cusip>
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          <isin value="US81883EAG61"/>
          <ticker value="SHACK"/>
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        <balance>250000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250585.7500000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.218600000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shelter Growth CRE Issuer Ltd</name>
        <lei>N/A</lei>
        <title>Shelter Growth CRE 2023-FL5 Issuer Ltd 8.09</title>
        <cusip>82286FAA7</cusip>
        <identifiers>
          <isin value="US82286FAA75"/>
          <ticker value="SGCP"/>
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        <balance>90000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89839.1300000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.069849999999999</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>GS Mortgage Securities Corp Trust 2018-HULA</name>
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        <name>GS Mortgage Securities Corp Trust 2021-STAR</name>
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        <name>Voya CLO Ltd</name>
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        <name>MF1 Multifamily Housing Mortga</name>
        <lei>N/A</lei>
        <title>MF1 2020-FL4 Ltd 7.53</title>
        <cusip>58003UAC2</cusip>
        <identifiers>
          <isin value="US58003UAC27"/>
          <ticker value="MF1"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197899.5200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.532120000000000</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>Med Trust 2021-MDLN</name>
        <lei>N/A</lei>
        <title>Med Trust 2021-MDLN 6.38</title>
        <cusip>58403YAD8</cusip>
        <identifiers>
          <isin value="US58403YAD85"/>
          <ticker value="MED"/>
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        <balance>199044.7400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197718.8600000000</valUSD>
        <pctVal>0.9739917506</pctVal>
        <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>Variable</couponKind>
          <annualizedRt>6.382480000000000</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>Navient Private Education Loan Trust 2015-B</name>
        <lei>549300GZIQGXPYGM8M95</lei>
        <title>Navient Private Education Loan Trust 2015-B 6.88</title>
        <cusip>63939KAC3</cusip>
        <identifiers>
          <isin value="US63939KAC36"/>
          <ticker value="NAVSL"/>
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        <balance>41029.8300000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41208.3600000000</valUSD>
        <pctVal>0.2029983518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.882120000000000</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>Northstar Education Finance Inc</name>
        <lei>25490059JOHYRUHEXW19</lei>
        <title>Northstar Education Finance Inc 6.15</title>
        <cusip>66704JBS6</cusip>
        <identifiers>
          <isin value="US66704JBS69"/>
          <ticker value="NEF"/>
          <other otherDesc="SEDOL" value="B17C5V1"/>
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        <balance>55039.3700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54768.4600000000</valUSD>
        <pctVal>0.2697973690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.149420000000000</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>Apidos CLO</name>
        <lei>549300RV409NJP65MP20</lei>
        <title>Apidos CLO XXVI 7.51</title>
        <cusip>03766GAS1</cusip>
        <identifiers>
          <isin value="US03766GAS12"/>
          <ticker value="APID"/>
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        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150068.3600000000</valUSD>
        <pctVal>0.7392584838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.509519999999999</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd 6.50</title>
        <cusip>03880KAA2</cusip>
        <identifiers>
          <isin value="US03880KAA25"/>
          <ticker value="ARCLO"/>
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        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149295.6800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.502120000000000</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 6.80</title>
        <cusip>03880RAA7</cusip>
        <identifiers>
          <isin value="US03880RAA77"/>
          <ticker value="ARCLO"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198874.6400000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.782120000000000</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2021-FL1 Ltd 6.42</title>
        <cusip>03881CAA9</cusip>
        <identifiers>
          <isin value="US03881CAA99"/>
          <ticker value="ARCLO"/>
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        <balance>74566.7100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74125.9800000000</valUSD>
        <pctVal>0.3651553171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.402120000000000</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>Arbor Realty Trust Inc</name>
        <lei>N/A</lei>
        <title>Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd 7.17</title>
        <cusip>03881JAA4</cusip>
        <identifiers>
          <isin value="US03881JAA43"/>
          <ticker value="ARCLO"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200844.9200000000</valUSD>
        <pctVal>0.9893911751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.167640000000000</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>AREIT Trust</name>
        <lei>N/A</lei>
        <title>AREIT 2022-CRE6 Trust 6.57</title>
        <cusip>04002VAA9</cusip>
        <identifiers>
          <isin value="US04002VAA98"/>
          <ticker value="AREIT"/>
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        <balance>178814.9600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176949.4200000000</valUSD>
        <pctVal>0.8716784800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.574070000000000</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>BAMLL Commercial Mortgage Securities Trust 2018-DSNY</name>
        <lei>N/A</lei>
        <title>BAMLL Commercial Mortgage Securities Trust 2018-DSNY 6.77</title>
        <cusip>054967AG9</cusip>
        <identifiers>
          <isin value="US054967AG91"/>
          <ticker value="BAMLL"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99713.9900000000</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>2034-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.765000000000001</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>BFLD 2019-DPLO</name>
        <lei>N/A</lei>
        <title>BFLD 2019-DPLO 6.52</title>
        <cusip>054970AA6</cusip>
        <identifiers>
          <isin value="US054970AA68"/>
          <ticker value="BFLD"/>
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        <balance>300000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299505.6600000000</valUSD>
        <pctVal>1.4754082746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.522480000000000</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>BSPRT 2017-FL1 Co-Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPRT 2021-FL6 Issuer Ltd 6.53</title>
        <cusip>05601HAA2</cusip>
        <identifiers>
          <isin value="US05601HAA23"/>
          <ticker value="BSPRT"/>
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        <balance>186373.8700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183993.9300000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.532120000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust 2018-BILT</name>
        <lei>N/A</lei>
        <title>BX Trust 2018-BILT 6.42</title>
        <cusip>05606JAA3</cusip>
        <identifiers>
          <isin value="US05606JAA34"/>
          <ticker value="BX"/>
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        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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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>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BX Commercial Mortgage Trust 2021-XL2</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-XL2 6.12</title>
        <cusip>05609KAA7</cusip>
        <identifiers>
          <isin value="US05609KAA79"/>
          <ticker value="BX"/>
          <other otherDesc="SEDOL" value="BPSJHM4"/>
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        <balance>175934.2800000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174302.4900000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.120979999999999</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>BX 2022-MVRK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX 2022-MVRK Mortgage Trust 6.78</title>
        <cusip>05610JAA7</cusip>
        <identifiers>
          <isin value="US05610JAA79"/>
          <ticker value="BX"/>
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        <balance>247215.7000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245502.6700000000</valUSD>
        <pctVal>1.2093817217</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.784640000000000</annualizedRt>
          <isDefault>N</isDefault>
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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>BSPRT 2017-FL1 Co-Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPRT 2023-FL10 Issuer Ltd 7.59</title>
        <cusip>05610VAA0</cusip>
        <identifiers>
          <isin value="US05610VAA08"/>
          <ticker value="BSPRT"/>
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        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99984.1600000000</valUSD>
        <pctVal>0.4925364582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.576639999999999</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>Babson CLO Ltd/Cayman Islands</name>
        <lei>549300QR3VQZ1T0JUI29</lei>
        <title>Barings CLO Ltd 2015-I 6.57</title>
        <cusip>056162AN0</cusip>
        <identifiers>
          <isin value="US056162AN09"/>
          <ticker value="BABSN"/>
        </identifiers>
        <balance>222797.5600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223263.8500000000</valUSD>
        <pctVal>1.0998300724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.569420000000000</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>Barings Private Credit Corp CL</name>
        <lei>N/A</lei>
        <title>Barings Private Credit Corp CLO 2023-1 Ltd 7.71</title>
        <cusip>067930AA5</cusip>
        <identifiers>
          <isin value="US067930AA51"/>
          <ticker value="BPCC"/>
        </identifiers>
        <balance>245959.3700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244528.4000000000</valUSD>
        <pctVal>1.2045823266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.713990000000000</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>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners CLO IX Ltd 7.33</title>
        <cusip>08181BAS8</cusip>
        <identifiers>
          <isin value="US08181BAS88"/>
          <ticker value="BSP"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251083.2500000000</valUSD>
        <pctVal>1.2368724674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.329420000000000</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>Brazos Higher Education Authority Inc</name>
        <lei>N/A</lei>
        <title>Brazos Higher Education Authority Inc 6.67</title>
        <cusip>10620NCH9</cusip>
        <identifiers>
          <isin value="US10620NCH98"/>
          <ticker value="BRHEA"/>
        </identifiers>
        <balance>57232.9500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57355.1000000000</valUSD>
        <pctVal>0.2825395324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.670120000000000</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>BX Trust 2018-GW</name>
        <lei>N/A</lei>
        <title>BX Trust 2018-GW 6.43</title>
        <cusip>12433UAA3</cusip>
        <identifiers>
          <isin value="US12433UAA34"/>
          <ticker value="BX"/>
          <other otherDesc="SEDOL" value="BL0CV98"/>
        </identifiers>
        <balance>300000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298813.3500000000</valUSD>
        <pctVal>1.4719978553</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>Variable</couponKind>
          <annualizedRt>6.415010000000000</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>GS Mortgage Securities Corp Trust 2021-ARDN</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Corp Trust 2021-ARDN 6.68</title>
        <cusip>36266CAA4</cusip>
        <identifiers>
          <isin value="US36266CAA45"/>
          <ticker value="GSMS"/>
        </identifiers>
        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196810.6000000000</valUSD>
        <pctVal>0.9695175302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.682119999999999</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>Greystone Commercial Real Esta</name>
        <lei>N/A</lei>
        <title>Greystone CRE Notes 2019-FL2 Ltd 6.61</title>
        <cusip>39809LAA2</cusip>
        <identifiers>
          <isin value="US39809LAA26"/>
          <ticker value="GSTNE"/>
        </identifiers>
        <balance>56584.4700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56565.4700000000</valUSD>
        <pctVal>0.2786497006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.612120000000000</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>Blackstone Inc</name>
        <lei>549300P7KR0IARP7PG22</lei>
        <title>Grippen Park CLO Ltd 6.84</title>
        <cusip>39862EAA2</cusip>
        <identifiers>
          <isin value="US39862EAA29"/>
          <ticker value="GRIPP"/>
        </identifiers>
        <balance>98970.2700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99049.0900000000</valUSD>
        <pctVal>0.4879301679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.839420000000000</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>HGI CRE CLO Ltd</name>
        <lei>N/A</lei>
        <title>HGI CRE CLO 2021-FL2 Ltd 6.44</title>
        <cusip>40390JAA0</cusip>
        <identifiers>
          <isin value="US40390JAA07"/>
          <ticker value="HGI"/>
        </identifiers>
        <balance>109639.8800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>108988.1800000000</valUSD>
        <pctVal>0.5368915653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.435829999999999</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>HGI CRE CLO Ltd</name>
        <lei>549300VYJ293N0KO2L78</lei>
        <title>HGI CRE CLO 2021-FL1 Ltd 6.49</title>
        <cusip>40441LAA4</cusip>
        <identifiers>
          <isin value="US40441LAA44"/>
          <ticker value="HGI"/>
        </identifiers>
        <balance>78804.4800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78050.9900000000</valUSD>
        <pctVal>0.3844904851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.485830000000000</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>Hilton Orlando Trust 2018-ORL</name>
        <lei>N/A</lei>
        <title>Hilton Orlando Trust 2018-ORL 6.38</title>
        <cusip>432885AA9</cusip>
        <identifiers>
          <isin value="US432885AA94"/>
          <ticker value="HILT"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249822.2000000000</valUSD>
        <pctVal>1.2306603524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.384640000000000</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>Home RE 2022-1 Ltd</name>
        <lei>N/A</lei>
        <title>Home RE 2022-1 Ltd 8.17</title>
        <cusip>43730GAA9</cusip>
        <identifiers>
          <isin value="US43730GAA94"/>
          <ticker value="HMIR"/>
        </identifiers>
        <balance>93731.2500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94457.3700000000</valUSD>
        <pctVal>0.4653106900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.171650000000000</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>Invitation Homes 2018-SFR4 Trust</name>
        <lei>N/A</lei>
        <title>Invitation Homes 2018-SFR4 Trust 6.53</title>
        <cusip>46187XAA3</cusip>
        <identifiers>
          <isin value="US46187XAA37"/>
          <ticker value="IHSFR"/>
          <other otherDesc="SEDOL" value="BN49QH2"/>
        </identifiers>
        <balance>169126.3400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169714.1600000000</valUSD>
        <pctVal>0.8360365410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.532480000000000</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>LCM LP</name>
        <lei>549300HV40B88JRNJD93</lei>
        <title>LCM XV LP 6.58</title>
        <cusip>50184NAR3</cusip>
        <identifiers>
          <isin value="US50184NAR35"/>
          <ticker value="LCM"/>
        </identifiers>
        <balance>126696.9600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126982.0300000000</valUSD>
        <pctVal>0.6255318774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.579420000000000</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>ACRES Commercial Realty Ltd</name>
        <lei>N/A</lei>
        <title>ACRES Commercial Realty 2021-FL1 Ltd 6.65</title>
        <cusip>00103CAA7</cusip>
        <identifiers>
          <isin value="US00103CAA71"/>
          <ticker value="ACRES"/>
        </identifiers>
        <balance>83974.2800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81851.3700000000</valUSD>
        <pctVal>0.4032117075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.635829999999999</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>ACRES Commercial Realty Ltd</name>
        <lei>N/A</lei>
        <title>ACRES Commercial Realty 2021-FL1 Ltd 7.05</title>
        <cusip>00103CAC3</cusip>
        <identifiers>
          <isin value="US00103CAC38"/>
          <ticker value="ACRES"/>
        </identifiers>
        <balance>247000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239741.0700000000</valUSD>
        <pctVal>1.1809992454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.035830000000000</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>AMMC CDO</name>
        <lei>5493004OOK6VXHQ8DQ60</lei>
        <title>AMMC CLO XI Ltd 7.18</title>
        <cusip>00176ABB0</cusip>
        <identifiers>
          <isin value="US00176ABB08"/>
          <ticker value="AMMC"/>
          <other otherDesc="SEDOL" value="BFMHX59"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251079.4000000000</valUSD>
        <pctVal>1.2368535017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.179040000000000</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>AMMC CDO</name>
        <lei>549300ZW9D4NPX7LOC22</lei>
        <title>AMMC CLO 22 Ltd 6.62</title>
        <cusip>00177HAA7</cusip>
        <identifiers>
          <isin value="US00177HAA77"/>
          <ticker value="AMMC"/>
        </identifiers>
        <balance>170059.9200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170229.9800000000</valUSD>
        <pctVal>0.8385775450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.616280000000000</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>AMMC CDO</name>
        <lei>549300DYK366J47FIO80</lei>
        <title>AMMC CLO 21 LTD 6.83</title>
        <cusip>00178LAB5</cusip>
        <identifiers>
          <isin value="US00178LAB53"/>
          <ticker value="AMMC"/>
        </identifiers>
        <balance>153797.3900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153959.4900000000</valUSD>
        <pctVal>0.7584267540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-02</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.826940000000000</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>ACRES Commercial Realty Ltd</name>
        <lei>N/A</lei>
        <title>ACRES Commercial Realty 2021-FL2 Ltd 6.84</title>
        <cusip>00500JAA1</cusip>
        <identifiers>
          <isin value="US00500JAA16"/>
          <ticker value="ACRES"/>
        </identifiers>
        <balance>217135.7500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216785.1800000000</valUSD>
        <pctVal>1.0679152053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.835830000000000</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>Apidos CLO</name>
        <lei>254900C9NN5XS59HZV73</lei>
        <title>Apidos Clo Xxv 6.75</title>
        <cusip>03762YAF4</cusip>
        <identifiers>
          <isin value="US03762YAF43"/>
          <ticker value="APID"/>
        </identifiers>
        <balance>249323.3500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250062.5700000000</valUSD>
        <pctVal>1.2318444498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.749420000000000</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>Life 2021-BMR Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Life 2021-BMR Mortgage Trust 6.13</title>
        <cusip>53218CAA8</cusip>
        <identifiers>
          <isin value="US53218CAA80"/>
          <ticker value="LIFE"/>
          <other otherDesc="SEDOL" value="BMFPF08"/>
        </identifiers>
        <balance>196594.0200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194571.3600000000</valUSD>
        <pctVal>0.9584867096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.132480000000000</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>Magnetite CLO Ltd</name>
        <lei>549300Z6VW568TT64K70</lei>
        <title>Magnetite XII Ltd 6.68</title>
        <cusip>55953HAS2</cusip>
        <identifiers>
          <isin value="US55953HAS22"/>
          <ticker value="MAGNE"/>
        </identifiers>
        <balance>247798.1200000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>248468.8800000000</valUSD>
        <pctVal>1.2239937020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.675600000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-04-19</ncom:dateSigned>
      <ncom:nameOfApplicant>American Century ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Amy R. Bitter</ncom:signature>
      <ncom:signerName>Amy R. Bitter</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
