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        <name>LEVEL 3 FINANCING INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VALVOLINE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AZORRA FINANCE LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BLOCK INC</name>
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        <title>XYZ 6 08/15/33 144A</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-15</maturityDt>
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      <invstOrSec>
        <name>BINGO HOLDINGS I LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HUDBAY MINERALS INC</name>
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          <isin value="US443628AH54"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLEVELAND-CLIFFS INC</name>
        <lei>549300TM2WLI2BJMDD86</lei>
        <title>CLF 6.75 04/15/30 144A</title>
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          <isin value="US185899AN14"/>
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        <balance>819000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>TEREX CORP</name>
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        <title>TEX 5 05/15/29 144A</title>
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        <name>IRIS HOLDING INC</name>
        <lei>54930013SPZ2NB3I3V40</lei>
        <title>ITPCN 10 12/15/28 144A</title>
        <cusip>462914AA0</cusip>
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        <balance>1939000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>UNITED AIRLINES HOLDINGS INC</name>
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        <title>UAL 4.875 03/01/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DIGICEL INTL FIN LTD</name>
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        <assetCat>EC</assetCat>
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        <name>McAfee</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>McAfee Term Loan B 300 2029-03-01</title>
        <cusip>57906HAF4</cusip>
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          <isin value="US57906HAF47"/>
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        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <title>HILCRP 7.25 02/15/35 144A</title>
        <cusip>431318BG8</cusip>
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        <name>KODIAK GAS SERVICES LLC</name>
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        <title>KGS 6.5 10/01/33 144A</title>
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        <name>AZORRA FINANCE LTD</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA 6.25 02/15/34 144A</title>
        <cusip>05480AAC9</cusip>
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        <name>Arclin</name>
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        <name>MCAFEE CORP</name>
        <lei>2549009UKR8UEZYVCR93</lei>
        <title>MCFE 7.375 02/15/30 144A</title>
        <cusip>579063AB4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CLEAR CHANNEL OUTDOOR HOLDINGS INC</name>
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        <name>QXO BUILDING PRODUCTS INC</name>
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        <name>MGM RESORTS INTERNATIONAL</name>
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        <name>SCIENTIFIC GAMES HOLDINGS LP / SCIENTIFIC GAMES US FINCO INC</name>
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        <name>KODIAK GAS SERVICES LLC</name>
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        <name>CENTENE CORP</name>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <name>CROWN FINANCE US INC</name>
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        <name>VIKING CRUISES LTD</name>
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        <name>METHANEX US OPERATIONS INC</name>
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        <name>CORELOGIC INC</name>
        <lei>54930086CD8K2UIL0516</lei>
        <title>CLGX 12 02/01/32 144A</title>
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        <name>CARNIVAL CORP LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ATI INC</name>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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          <isin value="US911363AM11"/>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TAYLOR MORRISON COMMUNITIES INC</name>
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        <title>TMHC 5.125 08/01/30 144A</title>
        <cusip>87724RAJ1</cusip>
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          <isin value="US87724RAJ14"/>
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        <balance>1649000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 11/30/30</title>
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          <isin value="US91282CPN55"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AMERICAN AIRLINES INC</name>
        <lei>N/A</lei>
        <title>AAL 7.25 02/15/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MGM RESORTS INTERNATIONAL</name>
        <lei>54930066VBP7DZEGGJ87</lei>
        <title>MGM 6.125 09/15/29</title>
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        <name>SUNOCO LP / SUNOCO FINANCE CORP</name>
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        <name>ALTICE FINANCING SA</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>ALTICE 9.625 07/15/27 144A</title>
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        <invCountry>LU</invCountry>

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        <name>NGL ENERGY OPERATING LLC</name>
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        <name>HOWARD MIDSTREAM ENERGY PARTNERS LLC</name>
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        <name>NORTHERN OIL &amp; GAS INC</name>
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        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <name>RIVERS ENTERPRISE BORROWER LLC / RIVERS ENTERPRISE FINANCE CORP</name>
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        <name>FREEDOM MORTGAGE HOLDINGS LLC</name>
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        <name>BROOKFIELD RESIDENTIAL US LLC/BROOKFIELD RESIDENTIAL PROPERTIES INC</name>
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        <name>ASHLAND INC</name>
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        <name>TRI POINTE HOMES INC</name>
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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
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        <name>1011778 B.C. ULC / NEW RED FINANCE INC</name>
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        <name>ONEMAIN FINANCE CORP</name>
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        <name>FS KKR CAPITAL CORP</name>
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        <name>MILLROSE PROPERTIES INC</name>
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        <name>VENATOR MATERIALS PLC</name>
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        <name>CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP</name>
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        <name>NISSAN MOTOR CO LTD</name>
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        <name>BAUSCH HEALTH COMPANIES INC</name>
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        <name>CoreWeave</name>
        <lei>984500511DP2B6186053</lei>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC</name>
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        <name>ENTEGRIS INC</name>
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        <name>WESCO DISTRIBUTION INC</name>
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        <name>SUPERIOR PLUS LP / SUPERIOR GENERAL PARTNER INC</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>ATI INC</name>
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        <name>ONEMAIN FINANCE CORP</name>
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        <name>ARDAGH GROUP SA</name>
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        <name>MATADOR RESOURCES COMPANY</name>
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        <name>CAESARS ENTERTAINMENT INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VALARIS LTD / VALARIS FINANCE COMPANY LLC</name>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CENTURY ALUMINUM COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NRG ENERGY INC</name>
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        <name>GRAFTECH FINANCE INC</name>
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        <name>CHS/COMMUNITY HEALTH SYSTEMS INC</name>
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        <name>Venator Finance Sarl</name>
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        <name>GEN DIGITAL INC</name>
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        <name>BRUNDAGE-BONE CONCRETE PUMPING HOLDING INC</name>
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        <name>Quikrete</name>
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        <name>SHEA HOMES LP</name>
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        <name>AADVANTAGE LOYALTY IP LTD / AMERICAN AIRLINES INC</name>
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        <name>COMSTOCK RESOURCES INC</name>
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        <name>FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred</name>
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        <name>WYNN MACAU LTD</name>
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        <name>NEW HOME COMPANY INC (THE)</name>
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        <name>RXO INC</name>
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        <name>CORONADO FINANCE PTY LTD</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>VENLNG V9 PERP 144a</title>
        <cusip>92332YAF8</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>HUB INTERNATIONAL LTD</name>
        <lei>549300JQT6ATTUNS5E06</lei>
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          <isin value="US44332PAH47"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>787723.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASURION LLC / ASURION CO-ISSUER INC</name>
        <lei>N/A</lei>
        <title>ASUCOR 8.375 02/01/34 144A</title>
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          <isin value="US045941AB79"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>FORD MOTOR CO</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 4.75 01/15/43</title>
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          <isin value="US345370CQ17"/>
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        <balance>1229000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>949586.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>NEWELL BRANDS INC</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
        <title>NWL 8.5 06/01/28 144A</title>
        <cusip>651229BG0</cusip>
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          <isin value="US651229BG06"/>
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        <balance>2548000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2656779.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>COLUMBUS MCKINNON CORP</name>
        <lei>549300W3HQB0HO1F3G69</lei>
        <title>CMCO 7.125 02/01/33 144A</title>
        <cusip>199333AK1</cusip>
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          <isin value="US199333AK12"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MAXIM CRANE WORKS HOLDINGS CAPITAL LLC</name>
        <lei>N/A</lei>
        <title>CLDCRN 11.5 09/01/28 144A</title>
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          <isin value="US57779EAA64"/>
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        <balance>2880000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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      <invstOrSec>
        <name>KRONOS ACQUISITION HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>KIKCN 10.75 06/30/32 144A</title>
        <cusip>50106GAJ1</cusip>
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          <isin value="US50106GAJ13"/>
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        <balance>1597000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>637270.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NAVIENT CORP</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>NAVI 4.875 03/15/28</title>
        <cusip>63938CAL2</cusip>
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          <isin value="US63938CAL28"/>
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        <balance>3481000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3438142.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <name>1261229 B.C. LTD</name>
        <lei>N/A</lei>
        <title>BHCCN 10 04/15/32 144A</title>
        <cusip>68288AAA5</cusip>
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        <balance>5836000.00000000</balance>
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        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRANDYWINE OPERATING PARTNERSHIP LP</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>BDN 8.875 04/12/29</title>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ALBERTSONS COMPANIES INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC</name>
        <lei>N/A</lei>
        <title>ACI 3.5 03/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>NESCO HOLDINGS II INC</name>
        <lei>254900FAHT0HW9T6L409</lei>
        <title>NSCO 5.5 04/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BAUSCH HEALTH COMPANIES INC</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>BHCCN 5 01/30/28 144A</title>
        <cusip>071734AH0</cusip>
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        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG 6 02/01/33 144A</title>
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        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>NSANY 5.625 09/29/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-29</maturityDt>
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        <name>SUNOCO LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 6.625 08/15/32 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LITHIA MOTORS INC</name>
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        <name>ELDORADO GOLD CORP</name>
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        <name>SOLARIS ENERGY INFRASTRUCTURE LLC</name>
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        <name>ASURION LLC / ASURION CO-ISSUER INC</name>
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        <name>HOWARD HUGHES CORP (THE)</name>
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        <name>POST HOLDINGS INC</name>
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        <name>NAVIENT CORP</name>
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        <name>VIRGIN MEDIA SECURED FINANCE PLC</name>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
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        <name>First Brands (Trico Group)</name>
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        <name>BROADSTREET PARTNERS INC</name>
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        <name>NEWELL BRANDS INC</name>
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        <name>NISSAN MOTOR CO LTD</name>
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        <name>CHARLES SCHWAB CORP (THE)</name>
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        <name>ROCKET MORTGAGE LLC / ROCKET MORTGAGE CO-ISSUER INC</name>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GRIFFON CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Warner Bros. Discovery</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAMB WESTON HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ORGANON &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PGIM ETF Trust</name>
        <lei>549300OXS91LYTDQF355</lei>
        <title>PGIM AAA CLO ETF</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FERRELLGAS PARTNERS LP</name>
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        <title>FERRELLGAS PARTNERS LP UNIT LTD PTNRSHP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
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        <title>RHP 6.25 02/15/35 144A</title>
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        <name>CLUE OPCO LLC</name>
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        <name>GOEASY LTD</name>
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        <title>GSYCN 9.25 12/01/28 144A</title>
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        <invCountry>CA</invCountry>
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        <name>WOLVERINE WORLD WIDE INC</name>
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        <title>WWW 4 08/15/29 144A</title>
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        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>HERTZ CORP (THE)</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 4.625 12/01/26 144A</title>
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        <name>LEVEL 3 FINANCING INC</name>
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        <title>LVLT 7 03/31/34 144A</title>
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        <name>HERTZ CORP (THE)</name>
        <lei>549300PD0C69OJ0NLB27</lei>
        <title>HTZ 12.625 07/15/29 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WASTE PRO USA INC</name>
        <lei>549300BY1QXU5BI3UF28</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BREAD FINANCIAL HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CDI ESCROW ISSUER INC</name>
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        <name>CONNECT FINCO SARL</name>
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        <name>NOVELIS CORP</name>
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        <name>LEVEL 3 FINANCING INC</name>
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        <lei>N/A</lei>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 7 10/15/28 144A</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>NOVELIS CORP</name>
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        <name>TRIDENT TPI HOLDINGS INC</name>
        <lei>549300TPLK304J3RNC85</lei>
        <title>TEKNI 12.75 12/31/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-31</maturityDt>
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        <name>BLACK PEARL COMPUTE LLC</name>
        <lei>N/A</lei>
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        <name>KB HOME</name>
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        <title>KBH 4 06/15/31</title>
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        <name>CITIGROUP INC</name>
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        <name>DIVERSIFIED HEALTHCARE TRUST</name>
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        <name>PRAIRIE ACQUIROR LP</name>
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        <title>TGE 9 08/01/29 144A</title>
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        <name>ENERGIZER HOLDINGS INC</name>
        <lei>5493000D6NN0V57UME20</lei>
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        <name>AECOM</name>
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        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>GTN 4.75 10/15/30 144A</title>
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        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC HOLDINGS LLC</name>
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        <name>KB HOME</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LEVEL 3 FINANCING INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HYBAR LLC</name>
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          <isin value="US44861JAA25"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ENERGIZER HOLDINGS INC</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENR 6 09/15/33 144A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG V7.375 03/15/55</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LIGHT AND WONDER INTERNATIONAL INC</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>LNW 6.25 10/01/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <title>T 3.875 03/31/28</title>
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        <issuerCat>UST</issuerCat>
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        <name>LIFEPOINT HEALTH INC</name>
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        <name>VISTAJET MALTA FINANCE PLC / VISTA MANAGEMENT HOLDING INC</name>
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        <name>DIGICEL GROUP HOLDINGS LTD</name>
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        <title>DLLTD 0 12/31/30 1B14</title>
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        <name>UNITED AIRLINES INC</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>UAL 4.625 04/15/29 144A</title>
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        <name>VISTAJET MALTA FINANCE PLC / VISTA MANAGEMENT HOLDING INC</name>
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        <title>VSTJET 9.5 06/01/28 144A</title>
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        <name>LEVEL 3 FINANCING INC</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>LVLT 8.5 01/15/36 144A</title>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2036-01-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>WHIRLPOOL CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STAR LEASING COMPANY LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cornerstone Building</name>
        <lei>549300IW41QEWQ6T0H29</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-12</maturityDt>
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      <invstOrSec>
        <name>P&amp;L DEVELOPMENT LLC</name>
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          <isin value="US69306RAB24"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARDAGH METAL PACKAGING FINANCE PLC/ARDAGH METAL PACKAGING FINANCE USA LLC</name>
        <lei>N/A</lei>
        <title>AMPBEV 3.25 09/01/28 144A</title>
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          <isin value="US03969YAA64"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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      <invstOrSec>
        <name>Magnera (fka Glatfelter)</name>
        <lei>549300LDQLQBT38QDY28</lei>
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        <cusip>89458XAB3</cusip>
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          <isin value="US89458XAB38"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-04</maturityDt>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.875 PERP GG</title>
        <cusip>17327CBC6</cusip>
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          <isin value="US17327CBC64"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>881446.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>SHEA HOMES LP</name>
        <lei>N/A</lei>
        <title>SHEAHM 4.75 04/01/29</title>
        <cusip>82088KAJ7</cusip>
        <identifiers>
          <isin value="US82088KAJ79"/>
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        <balance>502000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>492078.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT COMPANY LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>F 5.8 03/08/29</title>
        <cusip>345397E58</cusip>
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          <isin value="US345397E581"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1134321.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>RADIATE HOLDCO LLC</name>
        <lei>N/A</lei>
        <title>RADIATE HOLDCO LLC</title>
        <cusip>000000000</cusip>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149812.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00010000</annualizedRt>
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      <invstOrSec>
        <name>FIRST QUANTUM MINERALS LTD</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FMCN 6.375 02/15/36 144A</title>
        <cusip>335934AY1</cusip>
        <identifiers>
          <isin value="US335934AY19"/>
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        <balance>2210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2154976.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>MPT OPERATING PARTNERSHIP LP / MPT FINANCE CORP</name>
        <lei>N/A</lei>
        <title>MPW 8.5 02/15/32 144a</title>
        <cusip>55342UAQ7</cusip>
        <identifiers>
          <isin value="US55342UAQ76"/>
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        <balance>1544000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1565132.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>NCL CORP LTD</name>
        <lei>UNZWILHE4KMRP9K2L524</lei>
        <title>NCLH 6.25 03/01/30 144A</title>
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          <isin value="US62886HBP55"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>RADIATE HOLDCO LLC</name>
        <lei>N/A</lei>
        <title>RADIATE HOLDCO LLC</title>
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        <balance>50000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WHIRLPOOL CORP</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHR 7.5 07/01/31 144A</title>
        <cusip>963320BF2</cusip>
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        <balance>975000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Asurion</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion Second-lien Term Loan 525 2029-01-01</title>
        <cusip>04649VBA7</cusip>
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          <isin value="US04649VBA70"/>
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        <curCd>USD</curCd>
        <valUSD>1118265.40000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SESI LLC</name>
        <lei>XDZ56K6RXS5J1ESBZS35</lei>
        <title>SPN 7.875 09/30/30 144A</title>
        <cusip>78412FAX2</cusip>
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        <name>SKEENA RESOURCES LTD</name>
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        <name>GRAY MEDIA INC</name>
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        <name>CATAWBA NATION GAMING AU</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MIDWEST GAMING BORROWER LLC / MIDWEST FINANCE CORP</name>
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        <name>CITGO PETROLEUM CORP</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE COMPANY INC</name>
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        <name>WHIRLPOOL CORP</name>
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        <name>VISTRA OPERATIONS COMPANY LLC</name>
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        <name>MITER BRANDS ACQUISITION HOLDCO INC</name>
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        <name>FIRST QUANTUM MINERALS LTD</name>
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        <name>CNX RESOURCES CORP</name>
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        <name>CYPRIUM CORP / CYPRIUM HOLDINGS LUXEMBOURG SARL</name>
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        <name>VISTRA CORP</name>
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        <name>DREAM FINDERS HOMES INC</name>
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        <name>GRAY MEDIA INC</name>
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        <name>WHIRLPOOL CORP</name>
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        <name>ADAPTHEALTH LLC</name>
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        <name>VISTRA CORP</name>
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        <name>STARWOOD PROPERTY TRUST INC</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP</name>
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        <name>CNX RESOURCES CORP</name>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
        <title>ILIADH 7 04/15/32 144A</title>
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        <name>Carvana</name>
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        <name>VISTRA CORP</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>CLEVELAND-CLIFFS INC</name>
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        <name>HERC HOLDINGS INC</name>
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        <name>VOLTAGRID LLC</name>
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        <name>CSC HOLDINGS LLC</name>
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        <name>AVIENT CORP</name>
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        <name>TRANSOCEAN INTERNATIONAL LTD</name>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <name>SEAGATE DATA STORAGE TECHNOLOGY PTE LTD</name>
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        <name>DAVITA INC</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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        <name>ROCKET COMPANIES INC</name>
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        <name>QXO INC</name>
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        <name>INVERSION ESCROW ISSUER LLC</name>
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        <name>A&amp;K TRAVEL GROUP HOLDINGS LTD</name>
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        <name>GRAY MEDIA INC</name>
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        <name>GRIFFON CORP</name>
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        <name>EMPIRE COMMUNITIES CORP</name>
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        <name>ARDAGH METAL PACKAGING FINANCE PLC/ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <name>SMYRNA READY MIX CONCRETE LLC</name>
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        <name>UNITED RENTALS (NORTH AMERICA) INC</name>
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        <name>BALL CORP</name>
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        <name>NCR VOYIX CORP</name>
        <lei>549300YKTY8JX1DV2R67</lei>
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        <name>ROCKET COMPANIES INC</name>
        <lei>N/A</lei>
        <title>RKT 6.125 08/01/30 144A</title>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG LLC</name>
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        <name>NISSAN MOTOR CO LTD</name>
        <lei>353800DRBDH1LUTNAY26</lei>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP</name>
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        <title>ASCRES 5.875 06/30/29 144A</title>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <name>NEPTUNE BIDCO US INC</name>
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        <name>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <title>GT 8.875 07/15/32</title>
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        <name>TENET HEALTHCARE CORP</name>
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        <name>ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FINANCE CORP</name>
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        <title>AM 6.625 02/01/32 144A</title>
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        <name>RANGE RESOURCES CORP</name>
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        <title>RRC 4.75 02/15/30 144A</title>
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        <name>FORD MOTOR CO</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>F 7.4 11/01/46</title>
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        <name>MACQUARIE AIRFINANCE HOLDINGS LTD</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>CLYDESDALE ACQUISITION HOLDINGS INC</name>
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        <name>CORE &amp; MAIN LP</name>
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        <name>CRESCENT ENERGY FINANCE LLC</name>
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        <name>ADAPTHEALTH LLC</name>
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        <name>MINERAL RESOURCES LTD</name>
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        <name>LABELS BUYER LLC</name>
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        <name>CSC Holdings (Cablevision/Altice USA)</name>
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        <name>MAGNERA CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MINERAL RESOURCES LTD</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINAU 7 04/01/31 144A</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LABL Inc</name>
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        <title>LABL Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNITI SERVICES LLC / WINDSTREAM FINANCE CORP</name>
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        <title>UNIT 7.5 10/15/33 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>IHEARTCOMMUNICATIONS INC</name>
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        <name>ViaSat</name>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Floating</couponKind>
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        <name>UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC</name>
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        <title>UNIT 8.625 06/15/32 Feb</title>
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        <name>GLOBAL PARTNERS LP / GLP FINANCE CORP</name>
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        <title>GLP 8.25 01/15/32 144A</title>
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        <name>JEFFERIES FINANCE LLC / JFIN CO-ISSUER CORP</name>
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        <title>JEFFIN 5 08/15/28</title>
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        <name>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GT 5.25 04/30/31</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Allied Universal</name>
        <lei>98450038B4549046D794</lei>
        <title>Allied Universal Term Loan B 325 2032-07-29</title>
        <cusip>01957TAX5</cusip>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>MERIDIAN ARC HOLDCO LLC</name>
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        <name>J&amp;J Ventures Gaming</name>
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        <name>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <name>BELLIS ACQUISITION CO PLC</name>
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        <name>GLOBAL PARTNERS LP / GLP FINANCE CORP</name>
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        <name>MINERAL RESOURCES LTD</name>
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        <name>RITHM CAPITAL CORP</name>
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        <curCd>USD</curCd>
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        <name>XPO INC</name>
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        <name>HILCORP ENERGY I LP / HILCORP FINANCE CO</name>
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        <name>Xplornet - Contingent Value Rights</name>
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        <fairValLevel>3</fairValLevel>
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        <name>HERITAGE PWR LLC</name>
        <lei>N/A</lei>
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        <balance>94.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PRIME HEALTHCARE SERVICES INC</name>
        <lei>N/A</lei>
        <title>PRIHEA 9.375 09/01/29 144A</title>
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          <isin value="US74165HAC25"/>
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        <balance>6641000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nouryon (fka AkzoNobel Specialty Chemicals)</name>
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        <title>Nouryon (fka AkzoNobel Specialty Chemicals) Term Loan B 350 2031-07-01</title>
        <cusip>000000000</cusip>
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          <isin value="XAN8232NAP23"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ROCKET MORTGAGE LLC</name>
        <lei>549300FGXN1K3HLB1R50</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>RITM 8 07/15/30 144A</title>
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          <isin value="US64828TAC62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG LLC</name>
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        <name>KONTOOR BRANDS INC</name>
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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 4.625 12/01/30 144a</title>
        <cusip>126307BD8</cusip>
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        <name>Morton Salt (fka Kissner)</name>
        <lei>N/A</lei>
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        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.375 05/31/33 144A</title>
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        <name>HERITAGE PWR LLC</name>
        <lei>N/A</lei>
        <title>HERITAGE PWR LLC</title>
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        <name>ARD HOLDINGS SA</name>
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        <name>SMYRNA READY MIX CONCRETE LLC</name>
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          <isin value="US03690AAH95"/>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC</name>
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          <isin value="US053773BF30"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSCHLD 4.125 12/01/30 144A</title>
        <cusip>126307BB2</cusip>
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          <isin value="US126307BB25"/>
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        <curCd>USD</curCd>
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        <name>APLD COMPUTECO LLC</name>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
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        <name>MATADOR RESOURCES COMPANY</name>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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          <maturityDt>N/A</maturityDt>
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        <name>AMWINS GROUP INC</name>
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        <name>RHP HOTEL PROPERTIES LP / RHP FINANCE CORP</name>
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        <name>GB AIT BUYER INC</name>
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        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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        <name>ASCENT RESOURCES UTICA HOLDINGS LLC</name>
        <lei>549300EGLQ2M2CL7JZ89</lei>
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      <invstOrSec>
        <name>ARCHES BUYER INC</name>
        <lei>2549009ADY4208OH2Y47</lei>
        <title>ACOM 9 08/15/31 144A</title>
        <cusip>039524AF0</cusip>
        <identifiers>
          <isin value="US039524AF08"/>
        </identifiers>
        <balance>1280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1336031.37000000</valUSD>
        <pctVal>0.094270830375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</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>CORE SCIENTIFIC FINANCE I LLC</name>
        <lei>N/A</lei>
        <title>CORZ 7.75 05/15/31 144A</title>
        <cusip>21874LAA0</cusip>
        <identifiers>
          <isin value="US21874LAA08"/>
        </identifiers>
        <balance>4492000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4357586.12000000</valUSD>
        <pctVal>0.307472766876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>TRI POINTE HOMES INC</name>
        <lei>N/A</lei>
        <title>TPH 5.7 06/15/28</title>
        <cusip>87265HAG4</cusip>
        <identifiers>
          <isin value="US87265HAG48"/>
        </identifiers>
        <balance>990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>991003.71000000</valUSD>
        <pctVal>0.069925560690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>T 3.5 12/15/28</title>
        <cusip>91282CPP0</cusip>
        <identifiers>
          <isin value="US91282CPP04"/>
        </identifiers>
        <balance>5330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5230062.50000000</valUSD>
        <pctVal>0.369034998626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>IHEARTCOMMUNICATIONS INC</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>IHRT 4.75 01/15/28 144A</title>
        <cusip>45174HBG1</cusip>
        <identifiers>
          <isin value="US45174HBG11"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325728.63000000</valUSD>
        <pctVal>0.022983523528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-10-29</ncom:dateSigned>
      <ncom:nameOfApplicant>PGIM ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Christian J. Kelly</ncom:signature>
      <ncom:signerName>Christian J. Kelly</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
