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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.493189999999999</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>Freddie Mac STACR REMIC Trust 2023-DNA1</name>
        <lei>5493000IRILHAKSCHN59</lei>
        <title>Freddie Mac STACR REMIC Trust 2023-DNA1 5.74</title>
        <cusip>35564KP37</cusip>
        <identifiers>
          <isin value="US35564KP373"/>
          <ticker value="STACR"/>
        </identifiers>
        <balance>196393.2900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198219.9800000000</valUSD>
        <pctVal>0.6039755371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.744850000000000</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>Freddie Mac STACR REMIC Trust 2023-HQA1</name>
        <lei>5493000IRHY5YZIPQD14</lei>
        <title>Freddie Mac STACR REMIC Trust 2023-HQA1 5.64</title>
        <cusip>35564KX79</cusip>
        <identifiers>
          <isin value="US35564KX799"/>
          <ticker value="STACR"/>
          <other otherDesc="SEDOL" value="BP486R3"/>
        </identifiers>
        <balance>177350.8600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178038.8400000000</valUSD>
        <pctVal>0.5424836791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.643190000000000</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>BSPRT 2023-FL10 Issuer Ltd</name>
        <lei>N/A</lei>
        <title>BSPRT 2023-FL10 Issuer Ltd 5.90</title>
        <cusip>05610VAA0</cusip>
        <identifiers>
          <isin value="US05610VAA08"/>
          <ticker value="BSPRT"/>
        </identifiers>
        <balance>17506.6900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17510.7100000000</valUSD>
        <pctVal>0.0533550678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.898200000000000</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>BSPRT 2023-FL10 Issuer Ltd</name>
        <lei>N/A</lei>
        <title>BSPRT 2023-FL10 Issuer Ltd 6.90</title>
        <cusip>05610VAE2</cusip>
        <identifiers>
          <isin value="US05610VAE20"/>
          <ticker value="BSPRT"/>
        </identifiers>
        <balance>100000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100012.8200000000</valUSD>
        <pctVal>0.3047386882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.904200000000000</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>BSPDF 2025-FL2 Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPDF 2025-FL2 Issuer LLC 5.16</title>
        <cusip>05615KAA9</cusip>
        <identifiers>
          <isin value="US05615KAA97"/>
          <ticker value="BSPDF"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250411.2300000000</valUSD>
        <pctVal>0.7630020805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.163200000000001</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 Commercial Mortgage Trust 2026-VLT9</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2026-VLT9 5.34</title>
        <cusip>05618UAA4</cusip>
        <identifiers>
          <isin value="US05618UAA43"/>
          <ticker value="BX"/>
          <other otherDesc="SEDOL" value="BN4HDF3"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499615.4000000000</valUSD>
        <pctVal>1.5223262537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.339200000000000</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>BSPRT 2025-FL12 Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPRT 2025-FL12 Issuer LLC 5.03</title>
        <cusip>05619BAA5</cusip>
        <identifiers>
          <isin value="US05619BAA52"/>
          <ticker value="BSPRT"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500966.7500000000</valUSD>
        <pctVal>1.5264438121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.025200000000000</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>549300E3PEQVSTJ5DD11</lei>
        <title>Barings CLO Ltd 2019-I 5.35</title>
        <cusip>06759JBA5</cusip>
        <identifiers>
          <isin value="US06759JBA51"/>
          <ticker value="BABSN"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502747.9500000000</valUSD>
        <pctVal>1.5318711218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.352920000000000</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>BDS 2025-FL14 LLC</name>
        <lei>N/A</lei>
        <title>BDS 2025-FL14 LLC 4.93</title>
        <cusip>072921AA7</cusip>
        <identifiers>
          <isin value="US072921AA78"/>
          <ticker value="BDS"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249970.4500000000</valUSD>
        <pctVal>0.7616590255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.929160000000000</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>Sound Point CLO Ltd</name>
        <lei>N/A</lei>
        <title>Brant Point CLO 2023-1 Ltd 5.56</title>
        <cusip>104922AE9</cusip>
        <identifiers>
          <isin value="US104922AE90"/>
          <ticker value="BRTPT"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502355.6000000000</valUSD>
        <pctVal>1.5306756328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.560150000000000</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 2025-VLT6</name>
        <lei>N/A</lei>
        <title>BX Trust 2025-VLT6 5.83</title>
        <cusip>12433KAE7</cusip>
        <identifiers>
          <isin value="US12433KAE73"/>
          <ticker value="BX"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495342.1000000000</valUSD>
        <pctVal>1.5093055246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.831350000000000</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 Commercial Mortgage Trust 2026-CSMO</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2026-CSMO 5.04</title>
        <cusip>12433LAA3</cusip>
        <identifiers>
          <isin value="US12433LAA35"/>
          <ticker value="BX"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501905.6000000000</valUSD>
        <pctVal>1.5293044845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.039200000000000</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>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC Funding 2025-VII Ltd 4.93</title>
        <cusip>12575VAA9</cusip>
        <identifiers>
          <isin value="US12575VAA98"/>
          <ticker value="CIFC"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500729.6000000000</valUSD>
        <pctVal>1.5257212169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.933219999999999</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>Canyon Capital CLO Ltd</name>
        <lei>N/A</lei>
        <title>Canyon Capital CLO 2022-1 Ltd 5.64</title>
        <cusip>13877JAC5</cusip>
        <identifiers>
          <isin value="US13877JAC53"/>
          <ticker value="CANYC"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500735.0000000000</valUSD>
        <pctVal>1.5257376707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.642860000000000</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>Connecticut Avenue Securities Trust 2024-R01</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2024-R01 4.69</title>
        <cusip>20753UAA8</cusip>
        <identifiers>
          <isin value="US20753UAA88"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="BPDYXX7"/>
        </identifiers>
        <balance>122616.1400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122559.9500000000</valUSD>
        <pctVal>0.3734397089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.693190000000000</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>Connecticut Avenue Securities Trust 2022-R03</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2022-R03 7.14</title>
        <cusip>20753XAB0</cusip>
        <identifiers>
          <isin value="US20753XAB01"/>
          <ticker value="CAS"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253312.6000000000</valUSD>
        <pctVal>0.7718425440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.143190000000000</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>Connecticut Avenue Securities Trust 2023-R06</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2023-R06 5.34</title>
        <cusip>20754EAA3</cusip>
        <identifiers>
          <isin value="US20754EAA38"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="BNTDWG0"/>
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        <balance>20376.0500000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20404.6400000000</valUSD>
        <pctVal>0.0621728617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.343190000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2024-R02</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2024-R02 4.74</title>
        <cusip>20754GAA8</cusip>
        <identifiers>
          <isin value="US20754GAA85"/>
          <ticker value="CAS"/>
          <other otherDesc="SEDOL" value="BQ2MK05"/>
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        <balance>32719.0600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32710.7500000000</valUSD>
        <pctVal>0.0996695328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.743189999999999</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2026-R01</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust 2026-R01 4.99</title>
        <cusip>20755BAC4</cusip>
        <identifiers>
          <isin value="US20755BAC46"/>
          <ticker value="CAS"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499189.5000000000</valUSD>
        <pctVal>1.5210285380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.993189999999999</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>Hertz Vehicle Financing LLC</name>
        <lei>5493004IHDYOZ9K9WF47</lei>
        <title>Hertz Vehicle Financing LLC 4.28</title>
        <cusip>42806MBL2</cusip>
        <identifiers>
          <isin value="US42806MBL28"/>
          <ticker value="HERTZ"/>
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        <balance>270000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267109.9200000000</valUSD>
        <pctVal>0.8138829264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.280000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hilton Grand Vacations Trust 2024-1B</name>
        <lei>N/A</lei>
        <title>Hilton Grand Vacations Trust 2024-1B 5.99</title>
        <cusip>43283YAB9</cusip>
        <identifiers>
          <isin value="US43283YAB92"/>
          <ticker value="HGVT"/>
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        <balance>251485.5800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254030.3600000000</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>2039-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.990000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JW Trust 2024-BERY</name>
        <lei>N/A</lei>
        <title>JW Trust 2024-BERY 5.23</title>
        <cusip>46676AAA1</cusip>
        <identifiers>
          <isin value="US46676AAA16"/>
          <ticker value="JW"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501188.0000000000</valUSD>
        <pctVal>1.5271179600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.232200000000001</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>LCM LP</name>
        <lei>549300KLSB4ZQ2S3TJ95</lei>
        <title>LCM 35 Ltd 5.40</title>
        <cusip>50202QAQ6</cusip>
        <identifiers>
          <isin value="US50202QAQ64"/>
          <ticker value="LCM"/>
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        <balance>1000000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002016.5000000000</valUSD>
        <pctVal>3.0531405249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.402920000000000</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>LQR Trust 2025-CALI</name>
        <lei>N/A</lei>
        <title>LQR Trust 2025-CALI 5.89</title>
        <cusip>50216WAE4</cusip>
        <identifiers>
          <isin value="US50216WAE49"/>
          <ticker value="LQR"/>
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        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250677.2300000000</valUSD>
        <pctVal>0.7638125815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.889200000000001</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MF1 2021-FL7 Ltd</name>
        <lei>N/A</lei>
        <title>MF1 2021-FL7 Ltd 4.83</title>
        <cusip>55284AAA6</cusip>
        <identifiers>
          <isin value="US55284AAA60"/>
          <ticker value="MF1"/>
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        <balance>70411.5800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70408.9500000000</valUSD>
        <pctVal>0.2145358071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.833290000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2025-FL17 LLC</name>
        <lei>N/A</lei>
        <title>MF1 2025-FL17 LLC 5.21</title>
        <cusip>55287HAC4</cusip>
        <identifiers>
          <isin value="US55287HAC43"/>
          <ticker value="MF1"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500278.9000000000</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>2040-02-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.210809999999999</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MF1 2025-FL19 LLC</name>
        <lei>N/A</lei>
        <title>MF1 2025-FL19 LLC 5.13</title>
        <cusip>55287KAA1</cusip>
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          <isin value="US55287KAA16"/>
          <ticker value="MF1"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500825.8500000000</valUSD>
        <pctVal>1.5260144903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.126910000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MVW 2024-2 LLC</name>
        <lei>N/A</lei>
        <title>MVW 2024-2 LLC 4.58</title>
        <cusip>55389QAB3</cusip>
        <identifiers>
          <isin value="US55389QAB32"/>
          <ticker value="MVWOT"/>
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        <balance>200855.7900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198389.5800000000</valUSD>
        <pctVal>0.6044923077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.580000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XXXIV Ltd 5.89</title>
        <cusip>55819GBC2</cusip>
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          <isin value="US55819GBC24"/>
          <ticker value="MDPK"/>
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        <balance>500000.0000000000</balance>
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        <curCd>USD</curCd>
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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>2037-10-16</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XXXVI Ltd 5.30</title>
        <cusip>55819PBG3</cusip>
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          <isin value="US55819PBG37"/>
          <ticker value="MDPK"/>
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        <balance>500000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.4500000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.302919999999999</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
        <lei>529900SMT5EN0CN67W73</lei>
        <title>Magnetite XLVII Ltd 5.66</title>
        <cusip>559916AG6</cusip>
        <identifiers>
          <isin value="US559916AG67"/>
          <ticker value="MAGNE"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502348.3000000000</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>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.660150000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Navient Private Education Loan Trust 2015-B</name>
        <lei>549300GZIQGXPYGM8M95</lei>
        <title>Navient Private Education Loan Trust 2015-B 5.20</title>
        <cusip>63939KAC3</cusip>
        <identifiers>
          <isin value="US63939KAC36"/>
          <ticker value="NAVSL"/>
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        <balance>9446.0100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9465.9500000000</valUSD>
        <pctVal>0.0288427142</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>Floating</couponKind>
          <annualizedRt>5.203679999999999</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>OBX 2026-INV1 Trust</name>
        <lei>N/A</lei>
        <title>OBX 2026-INV1 Trust 4.99</title>
        <cusip>67123WAU4</cusip>
        <identifiers>
          <isin value="US67123WAU45"/>
          <ticker value="OBX"/>
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        <balance>453789.1400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>447777.8000000000</valUSD>
        <pctVal>1.3643772805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Pagaya AI Debt Grantor Trust 2026-1</name>
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        <name>Freddie Mac STACR REMIC Trust 2022-DNA5</name>
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      <invstOrSec>
        <name>GS Mortgage-Backed Securities Trust 2024-HE1</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Pagaya AI Debt Trust 2025-4</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Pagaya AI Debt Grantor Trust 2025-5</name>
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        <title>Pagaya AI Debt Grantor Trust 2025-5 5.11</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Pagaya AI Debt Grantor Trust 2026-2</name>
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        <title>Pagaya AI Debt Grantor Trust 2026-2 5.14</title>
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          <isin value="US69549PAB31"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd</name>
        <lei>N/A</lei>
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          <ticker value="PSTAT"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>RKTL 2026-1</name>
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        <name>RATE Mortgage Trust 2026-J1</name>
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        <name>Research-Driven Pagaya Motor Asset Trust 2026-R1</name>
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        <name>Research-Driven Pagaya Motor Asset Trust 2025-3</name>
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        <name>Rockford Tower CLO Ltd</name>
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        <name>State Street Institutional US Government Money Market Fund</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SHR Trust 2024-LXRY</name>
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        <name>SWCH Commercial Mortgage Trust 2025-DATA</name>
        <lei>N/A</lei>
        <title>SWCH Commercial Mortgage Trust 2025-DATA 5.08</title>
        <cusip>78489CAA7</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.082100000000001</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>Sequoia Mortgage Trust 2026-INV3</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust 2026-INV3 5.24</title>
        <cusip>81750WBB6</cusip>
        <identifiers>
          <isin value="US81750WBB63"/>
          <ticker value="SEMT"/>
        </identifiers>
        <balance>483808.5100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>482018.7100000000</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.243189999999999</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>Service Experts Issuer 2021-1 LLC</name>
        <lei>N/A</lei>
        <title>Service Experts Issuer 2021-1 LLC 2.67</title>
        <cusip>81758VAA3</cusip>
        <identifiers>
          <isin value="US81758VAA35"/>
          <ticker value="SE"/>
        </identifiers>
        <balance>184849.5400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183371.0200000000</valUSD>
        <pctVal>0.5587308116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.670000000000000</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>Symphony CLO Ltd</name>
        <lei>549300OJB1EXT6QKOX87</lei>
        <title>Symphony CLO XXXI Ltd 5.48</title>
        <cusip>87168YAS9</cusip>
        <identifiers>
          <isin value="US87168YAS90"/>
          <ticker value="SYMP"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501714.8000000000</valUSD>
        <pctVal>1.5287231176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.483219999999999</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>Tesla Sustainable Energy Trust 2024-1</name>
        <lei>N/A</lei>
        <title>Tesla Sustainable Energy Trust 2024-1 5.08</title>
        <cusip>88164AAB0</cusip>
        <identifiers>
          <isin value="US88164AAB08"/>
          <ticker value="TSET"/>
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        <balance>255152.8900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255507.7300000000</valUSD>
        <pctVal>0.7785310969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.080000000000000</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>37 Capital CLO</name>
        <lei>254900CWCIZKD1LSOX71</lei>
        <title>37 Capital Clo 4 Ltd 5.25</title>
        <cusip>883932AS4</cusip>
        <identifiers>
          <isin value="US883932AS42"/>
          <ticker value="PUTNM"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500635.0500000000</valUSD>
        <pctVal>1.5254331234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.252920000000000</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>Trinity Rail Leasing 2019-2 LLC</name>
        <lei>N/A</lei>
        <title>Trinity Rail Leasing 2019-2 LLC 2.39</title>
        <cusip>89657BAB0</cusip>
        <identifiers>
          <isin value="US89657BAB09"/>
          <ticker value="TRL"/>
        </identifiers>
        <balance>19045.8400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19018.5400000000</valUSD>
        <pctVal>0.0579494202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.390000000000000</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>AHT Trust 2026-ASHF</name>
        <lei>N/A</lei>
        <title>AHT Trust 2026-ASHF 5.35</title>
        <cusip>00093DAA7</cusip>
        <identifiers>
          <isin value="US00093DAA72"/>
          <ticker value="AHT1"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501373.7000000000</valUSD>
        <pctVal>1.5276837872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.350000000000001</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>Acrec 2025 Fl 3 LLC</name>
        <lei>N/A</lei>
        <title>Acrec 2025 Fl 3 LLC 4.95</title>
        <cusip>00112HAA5</cusip>
        <identifiers>
          <isin value="US00112HAA59"/>
          <ticker value="ACREC"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249965.6800000000</valUSD>
        <pctVal>0.7616444913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.948810000000000</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>ACM Auto Trust 2025-3</name>
        <lei>N/A</lei>
        <title>ACM Auto Trust 2025-3 5.01</title>
        <cusip>00161UAA6</cusip>
        <identifiers>
          <isin value="US00161UAA60"/>
          <ticker value="ACMAT"/>
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        <balance>118915.9900000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>118321.5300000000</valUSD>
        <pctVal>0.3605252590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.010000000000000</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>TRTX 2025-FL6 Issuer Ltd</name>
        <lei>N/A</lei>
        <title>TRTX 2025-FL6 Issuer Ltd 5.18</title>
        <cusip>897764AA4</cusip>
        <identifiers>
          <isin value="US897764AA45"/>
          <ticker value="TRTX"/>
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        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501187.2000000000</valUSD>
        <pctVal>1.5271155224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.175610000000000</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>USQ Rail I LLC</name>
        <lei>25490077I8NB6ADB4I38</lei>
        <title>USQ Rail I LLC 2.25</title>
        <cusip>90352WAD6</cusip>
        <identifiers>
          <isin value="US90352WAD65"/>
          <ticker value="STEAM"/>
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        <balance>267448.9600000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255560.5100000000</valUSD>
        <pctVal>0.7786919174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000000</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>Anchorage Capital CLO Ltd</name>
        <lei>5493009A4SIPWYPZDB35</lei>
        <title>Anchorage Capital CLO 9 Ltd 5.25</title>
        <cusip>03328WBU1</cusip>
        <identifiers>
          <isin value="US03328WBU18"/>
          <ticker value="ANCHC"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500875.1000000000</valUSD>
        <pctVal>1.5261645549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.249250000000000</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>Apidos CLO</name>
        <lei>2549003C3B2NUHQ1XK34</lei>
        <title>Apidos Clo Lviii 0.00</title>
        <cusip>03790MAA7</cusip>
        <identifiers>
          <isin value="US03790MAA71"/>
          <ticker value="APID"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500374.3500000000</valUSD>
        <pctVal>1.5246387715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.000000000000000</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>U.S. TREASURY</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Floating Rate Note 3.90 01/31/2027</title>
        <cusip>91282CMJ7</cusip>
        <identifiers>
          <isin value="US91282CMJ70"/>
          <ticker value="TF"/>
          <other otherDesc="SEDOL" value="BSPRXX5"/>
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        <balance>2500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2500812.1000000000</valUSD>
        <pctVal>7.6199651079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.904272722000000</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>Verizon Master Trust</name>
        <lei>5493007MUBNP1GFMEB89</lei>
        <title>Verizon Master Trust 4.67</title>
        <cusip>92348KDH3</cusip>
        <identifiers>
          <isin value="US92348KDH32"/>
          <ticker value="VZMT"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249579.4000000000</valUSD>
        <pctVal>0.7604674976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.670000000000000</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 2022-CRE6 Trust</name>
        <lei>N/A</lei>
        <title>AREIT 2022-CRE6 Trust 4.89</title>
        <cusip>04002VAA9</cusip>
        <identifiers>
          <isin value="US04002VAA98"/>
          <ticker value="AREIT"/>
        </identifiers>
        <balance>126964.3400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127027.2600000000</valUSD>
        <pctVal>0.3870515857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.886170000000000</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>Arivo Acceptance Auto Loan Receivables Trust 2026-1</name>
        <lei>N/A</lei>
        <title>Arivo Acceptance Auto Loan Receivables Trust 2026-1 4.96</title>
        <cusip>04047XAB0</cusip>
        <identifiers>
          <isin value="US04047XAB01"/>
          <ticker value="ARIVO"/>
        </identifiers>
        <balance>250000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250331.3000000000</valUSD>
        <pctVal>0.7627585341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.960000000000000</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>Atlas Senior Loan Fund Ltd</name>
        <lei>N/A</lei>
        <title>Atlas Senior Loan Fund XVII Ltd 5.74</title>
        <cusip>04942FAC3</cusip>
        <identifiers>
          <isin value="US04942FAC32"/>
          <ticker value="ATCLO"/>
        </identifiers>
        <balance>750000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>752176.1300000000</valUSD>
        <pctVal>2.2918778526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.740819999999999</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>AVT 2026-1A A</name>
        <lei>N/A</lei>
        <title>AVT 2026-1A A 4.55</title>
        <cusip>05452AAA7</cusip>
        <identifiers>
          <isin value="US05452AAA79"/>
          <ticker value="AVT"/>
          <other otherDesc="SEDOL" value="BPSLSK5"/>
        </identifiers>
        <balance>319628.4700000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318749.7200000000</valUSD>
        <pctVal>0.9712292037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.550000000000000</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>BHG Securitization Trust 2022-A</name>
        <lei>N/A</lei>
        <title>BHG Securitization Trust 2022-A 3.56</title>
        <cusip>054977AD5</cusip>
        <identifiers>
          <isin value="US054977AD50"/>
          <ticker value="BHG"/>
        </identifiers>
        <balance>150000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147691.8900000000</valUSD>
        <pctVal>0.4500166360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.560000000000000</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 2025-ROIC</name>
        <lei>N/A</lei>
        <title>BX Trust 2025-ROIC 5.18</title>
        <cusip>05593VAJ2</cusip>
        <identifiers>
          <isin value="US05593VAJ26"/>
          <ticker value="BX"/>
        </identifiers>
        <balance>361483.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>361601.0600000000</valUSD>
        <pctVal>1.1017970763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.182469999999999</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 Commercial Mortgage Trust 2025-JDI</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2025-JDI 5.04</title>
        <cusip>05594LAA2</cusip>
        <identifiers>
          <isin value="US05594LAA26"/>
          <ticker value="BX"/>
        </identifiers>
        <balance>436931.1400000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438438.8100000000</valUSD>
        <pctVal>1.3359214130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.039200000000000</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>BSPDF 2026-FL3 Issuer LLC</name>
        <lei>N/A</lei>
        <title>BSPDF 2026-FL3 Issuer LLC 5.34</title>
        <cusip>05594VAC6</cusip>
        <identifiers>
          <isin value="US05594VAC63"/>
          <ticker value="BSPDF"/>
        </identifiers>
        <balance>500000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500650.0500000000</valUSD>
        <pctVal>1.5254788284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.338810000000000</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 Commercial Mortgage Trust 2021-ACNT</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-ACNT 5.00</title>
        <cusip>05609QAC0</cusip>
        <identifiers>
          <isin value="US05609QAC06"/>
          <ticker value="BX"/>
        </identifiers>
        <balance>219291.7800000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219307.0900000000</valUSD>
        <pctVal>0.6682278823</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>Floating</couponKind>
          <annualizedRt>5.003480000000000</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>2026-10-29</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>
