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		<filerInfo>

			<filer>
				<issuerCredentials>
					<cik>0001766436</cik>
					<ccc>XXXXXXXX</ccc>
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			<seriesClassInfo>
				<seriesId>S000065272</seriesId>
				<classId>C000211307</classId>
				<classId>C000211310</classId>
			</seriesClassInfo>


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			<regName>Leader Funds Trust</regName>
			<regFileNumber>811-23419</regFileNumber>
			<regCik>0001766436</regCik>
			<regLei>5493004CXG3W4ZKLTI89</regLei>
			<regStreet1>315 W. MILL PLAIN BOULEVARD</regStreet1>
			<regStreet2>SUITE 204</regStreet2>
			<regCity>VANCOUVER</regCity>
			<regStateConditional regCountry="US" regState="US-WA"/>
			<regZipOrPostalCode>98660</regZipOrPostalCode>
			<regPhone>800-711-9164</regPhone>
			<seriesName>Leader Capital Short Term High Yield Bond Fund</seriesName>
			<seriesId>S000065272</seriesId>
			<seriesLei>54930055U85E86N3X724</seriesLei>
			<repPdEnd>2025-07-31</repPdEnd>
			<repPdDate>2025-04-30</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
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			<totLiabs>5240052.88</totLiabs>
			<netAssets>141742902.93</netAssets>
			<assetsAttrMiscSec>0</assetsAttrMiscSec>
			<assetsInvested>0</assetsInvested>
			<amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
			<amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
			<amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
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			<amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
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			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>0</cshNotRptdInCorD>
			<curMetrics>
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			<creditSprdRiskNonInvstGrade period10Yr="14361.35" period1Yr="218.96" period30Yr="1294.83" period3Mon="0" period5Yr="17316.55"/>
			<isNonCashCollateral>N</isNonCashCollateral>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn classId="C000211307" rtn1="-0.81" rtn2="-1" rtn3="1.33"/>
					<monthlyTotReturn classId="C000211310" rtn1="-0.65" rtn2="-0.96" rtn3="1.38"/>
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				<monthlyReturnCats/>
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			<mon1Flow redemption="19078049.5" reinvestment="901209.84" sales="25485646.85"/>
			<mon2Flow redemption="21066010.86" reinvestment="755231.56" sales="14194708.55"/>
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		<invstOrSecs>
			<invstOrSec>
				<name>1828 CLO, LTD.</name>
				<lei>549300TR3WW6GC2PC544</lei>
				<title>1828 CLO, LTD. </title>
				<cusip>28252TAX0</cusip>
				<identifiers>
					<isin value="US28252TAX00"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>980069.7</valUSD>
				<pctVal>0.691441814553</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
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					<couponKind>Floating</couponKind>
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					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Allegro CLO V-S, LTD.</name>
				<lei>N/A</lei>
				<title>Allegro CLO V-S, LTD. </title>
				<cusip>01751CAA0</cusip>
				<identifiers>
					<isin value="USG01810AA16"/>
				</identifiers>
				<balance>4900000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>4812190.53</valUSD>
				<pctVal>3.395013387354</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-07-24</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.77518</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>Allegro CLO X, LTD.</name>
				<lei>N/A</lei>
				<title>Allegro CLO X, LTD. </title>
				<cusip>01750GAA2</cusip>
				<identifiers>
					<isin value="USG01804AA48"/>
				</identifiers>
				<balance>2500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2455685.25</valUSD>
				<pctVal>1.732492561735</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2032-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.41108</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>Ares CLO XLVIII, LTD.</name>
				<lei>5493005WFBSWHJ1WGQ35</lei>
				<title>Ares CLO XLVIII, LTD. </title>
				<cusip>03990AAA1</cusip>
				<identifiers>
					<isin value="US03990AAA16"/>
				</identifiers>
				<balance>700000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>690231.43</valUSD>
				<pctVal>0.486960133979</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2030-07-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>9.73108</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>B Riley Financial, Inc.</name>
				<lei>N/A</lei>
				<title>B Riley Financial, Inc.</title>
				<cusip>05580M819</cusip>
				<identifiers>
					<isin value="US05580M8192"/>
				</identifiers>
				<balance>18818</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>119870.66</valUSD>
				<pctVal>0.084569073671</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EP</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>B Riley Financial, Inc.</name>
				<lei>N/A</lei>
				<title>B Riley Financial, Inc.</title>
				<cusip>05580M835</cusip>
				<identifiers>
					<isin value="US05580M8358"/>
				</identifiers>
				<balance>54941</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>382389.36</valUSD>
				<pctVal>0.269776723986</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EP</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Battalion CLO XV, LTD.</name>
				<lei>549300CJP8HGT746II19</lei>
				<title>Battalion CLO XV, LTD. </title>
				<cusip>07131CAA8</cusip>
				<identifiers>
					<isin value="USG0887TAA54"/>
				</identifiers>
				<balance>1275000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1214101.665</valUSD>
				<pctVal>0.856551996557</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2033-01-17</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.8914</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>Battalion CLO XXII, LTD.</name>
				<lei>5493003R1TSL3IKE4V49</lei>
				<title>Battalion CLO XXII, LTD. </title>
				<cusip>07134MAA3</cusip>
				<identifiers>
					<isin value="USG0902KAA54"/>
				</identifiers>
				<balance>2500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2300193.25</valUSD>
				<pctVal>1.622792536698</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-01-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.48108</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>BlueMountain CLO 2015-4, LTD.</name>
				<lei>549300EB3KHH9T7ICE44</lei>
				<title>BlueMountain CLO 2015-4, LTD. </title>
				<cusip>095766AG6</cusip>
				<identifiers>
					<isin value="US095766AG63"/>
				</identifiers>
				<balance>4900000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>4689418.09</valUSD>
				<pctVal>3.308397100073</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2030-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.48108</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>BlueMountain CLO 2018-2, LTD.</name>
				<lei>N/A</lei>
				<title>BlueMountain CLO 2018-2, LTD. </title>
				<cusip>09629WAA9</cusip>
				<identifiers>
					<isin value="US09629WAA99"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>919104.5</valUSD>
				<pctVal>0.648430701657</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-08-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.63459</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>BlueMountain CLO XXIX, LTD.</name>
				<lei>N/A</lei>
				<title>BlueMountain CLO XXIX, LTD. </title>
				<cusip>09630LAE2</cusip>
				<identifiers>
					<isin value="USG1356LAC84"/>
				</identifiers>
				<balance>3390000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3274728.813</valUSD>
				<pctVal>2.310330002684</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-25</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.40338</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>Bryant Park Funding 2024-24, LTD.</name>
				<lei>3912003A96YDRT8EGP15</lei>
				<title>Bryant Park Funding 2024-24, LTD. </title>
				<cusip>11766FAA5</cusip>
				<identifiers>
					<isin value="USG1653GAA34"/>
				</identifiers>
				<balance>3000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2985702</valUSD>
				<pctVal>2.10642080721</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-10-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.8961</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>Canyon Capital CLO 2014-1, LTD.</name>
				<lei>549300W778MFSPI8C872</lei>
				<title>Canyon Capital CLO 2014-1, LTD. </title>
				<cusip>13875LAW8</cusip>
				<identifiers>
					<isin value="US13875LAW81"/>
				</identifiers>
				<balance>1450000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1375699.245</valUSD>
				<pctVal>0.970559524738</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-01-30</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.0485</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 CLO 2018-1, LTD.</name>
				<lei>N/A</lei>
				<title>Canyon CLO 2018-1, LTD. </title>
				<cusip>13877AAA8</cusip>
				<identifiers>
					<isin value="USG1834TAA72"/>
				</identifiers>
				<balance>2500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2468246.25</valUSD>
				<pctVal>1.741354381086</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.26771</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Carlyle Global Market Strategies CLO 2016-3, LTD.</name>
				<lei>N/A</lei>
				<title>Carlyle Global Market Strategies CLO 2016-3, LTD. </title>
				<cusip>14311WAE4</cusip>
				<identifiers>
					<isin value="USG1912VAC30"/>
				</identifiers>
				<balance>3500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3418404.15</valUSD>
				<pctVal>2.41169334013</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.53108</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>Cathedral Lake VIII,LTD</name>
				<lei>N/A</lei>
				<title>Cathedral Lake VIII,LTD </title>
				<cusip>14919KAA4</cusip>
				<identifiers>
					<isin value="USG19683AA20"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>975653</valUSD>
				<pctVal>0.688325820801</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-01-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>12.02108</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>Columbia Cent CLO 31, LTD.</name>
				<lei>5493007YZPNOMQEILE23</lei>
				<title>Columbia Cent CLO 31, LTD. </title>
				<cusip>19737NAA7</cusip>
				<identifiers>
					<isin value="USG2303NAA03"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>900789</valUSD>
				<pctVal>0.635509067048</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.08108</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>Columbia Cent CLO 33, LTD.</name>
				<lei>2549000A46LJJ7H78351</lei>
				<title>Columbia Cent CLO 33, LTD. </title>
				<cusip>19737VAA9</cusip>
				<identifiers>
					<isin value="USG2303VAA29"/>
				</identifiers>
				<balance>2500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2455357.75</valUSD>
				<pctVal>1.732261509603</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>JE</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.42947</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>Dryden 37 Senior Loan Fund</name>
				<lei>254900I0IPNA482LDS44</lei>
				<title>Dryden 37 Senior Loan Fund </title>
				<cusip>26249MAW7</cusip>
				<identifiers>
					<isin value="US26249MAW73"/>
				</identifiers>
				<balance>500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>470212.6</valUSD>
				<pctVal>0.331736256482</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-01-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>9.66771</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>Dryden 42 Senior Loan Fund</name>
				<lei>549300GTVIVSKVBYOB52</lei>
				<title>Dryden 42 Senior Loan Fund </title>
				<cusip>26245AAC1</cusip>
				<identifiers>
					<isin value="USG2848WAB03"/>
				</identifiers>
				<balance>1375000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1329564.775</valUSD>
				<pctVal>0.938011531825</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.7561</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>Dryden 45 Senior Loan Fund</name>
				<lei>N/A</lei>
				<title>Dryden 45 Senior Loan Fund </title>
				<cusip>26244PAG0</cusip>
				<identifiers>
					<isin value="USG2848XAD42"/>
				</identifiers>
				<balance>5081500</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>4749497.65675</valUSD>
				<pctVal>3.350783396325</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2030-10-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.36771</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>Dryden 60 CLO, LTD.</name>
				<lei>N/A</lei>
				<title>Dryden 60 CLO, LTD. </title>
				<cusip>26251NAF7</cusip>
				<identifiers>
					<isin value="USG2850NAF62"/>
				</identifiers>
				<balance>1650000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1609729.44</valUSD>
				<pctVal>1.135668458002</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.11771</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>Dryden 68 CLO, LTD.</name>
				<lei>254900MX6QAMC9XBAB53</lei>
				<title>Dryden 68 CLO, LTD. </title>
				<cusip>26252RAE0</cusip>
				<identifiers>
					<isin value="USG2850UAC74"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1928232.8</valUSD>
				<pctVal>1.360373436821</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.26771</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>Dryden 78 CLO, LTD.</name>
				<lei>N/A</lei>
				<title>Dryden 78 CLO, LTD. </title>
				<cusip>26253JAG2</cusip>
				<identifiers>
					<isin value="USG2852JAD84"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1963063.4</valUSD>
				<pctVal>1.384946518987</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>JE</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-04-17</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.90979</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>Dryden 95 CLO, LTD.</name>
				<lei>N/A</lei>
				<title>Dryden 95 CLO, LTD. </title>
				<cusip>262485AA3</cusip>
				<identifiers>
					<isin value="USG28508AA08"/>
				</identifiers>
				<balance>4000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3854971.2</valUSD>
				<pctVal>2.719692570416</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-08-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.73353</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>Dryden 97 CLO, LTD.</name>
				<lei>N/A</lei>
				<title>Dryden 97 CLO, LTD. </title>
				<cusip>26251RAA9</cusip>
				<identifiers>
					<isin value="USG28527AA05"/>
				</identifiers>
				<balance>3000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2886325.8</valUSD>
				<pctVal>2.0363106303</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.01947</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>Elevation CLO 2021-12, LTD.</name>
				<lei>N/A</lei>
				<title>Elevation CLO 2021-12, LTD. </title>
				<cusip>28623NAE7</cusip>
				<identifiers>
					<isin value="USG31141AC11"/>
				</identifiers>
				<balance>4000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3859226.8</valUSD>
				<pctVal>2.722694907684</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.74947</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>First American Government Obligations Fund, Class X </name>
				<lei>549300R5MYM6VZF1RM44</lei>
				<title>First American Government Obligations Fund, Class X </title>
				<cusip>31846V336</cusip>
				<identifiers>
					<isin value="US31846V3362"/>
				</identifiers>
				<balance>11775017.7705185</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11775017.7705185</valUSD>
				<pctVal>8.307306769761</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>STIV</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Fortress Credit BSL XIII, LTD.</name>
				<lei>549300UOVYVQFYI3G824</lei>
				<title>Fortress Credit BSL XIII, LTD. </title>
				<cusip>34963GAA6</cusip>
				<identifiers>
					<isin value="USG3680GAA60"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1976344.4</valUSD>
				<pctVal>1.394316300278</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-10</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.44108</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>Gallatin CLO VIII 2017-1, LTD.</name>
				<lei>N/A</lei>
				<title>Gallatin CLO VIII 2017-1, LTD. </title>
				<cusip>36361VAG3</cusip>
				<identifiers>
					<isin value="US36361VAG32"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1886890.6</valUSD>
				<pctVal>1.331206403308</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.43771</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>HONO 2021-LULU Mortgage Trust</name>
				<lei>N/A</lei>
				<title>HONO 2021-LULU Mortgage Trust </title>
				<cusip>40390MAQ8</cusip>
				<identifiers>
					<isin value="USU4R48QAH94"/>
				</identifiers>
				<balance>5000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>4770623</valUSD>
				<pctVal>3.365687382919</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-MBS</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2036-12-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>8.83648</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>HPS Loan Management 2021-16A, LTD.</name>
				<lei>N/A</lei>
				<title>HPS Loan Management 2021-16A, LTD. </title>
				<cusip>40441AAA8</cusip>
				<identifiers>
					<isin value="USG3227EAA13"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>986293.4</valUSD>
				<pctVal>0.695832651675</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-01-23</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.04095</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>Invesco CLO 2022-1A, LTD.</name>
				<lei>2138003W7QBGJSA8VF04</lei>
				<title>Invesco CLO 2022-1A, LTD. </title>
				<cusip>46091GAA5</cusip>
				<identifiers>
					<isin value="USG64917AA81"/>
				</identifiers>
				<balance>3700000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3577621.76</valUSD>
				<pctVal>2.524021793063</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.56947</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>Jefferson Mill CLO, LTD.</name>
				<lei>549300RV1TCF15DHXS87</lei>
				<title>Jefferson Mill CLO, LTD. </title>
				<cusip>47421MBE2</cusip>
				<identifiers>
					<isin value="USG50796AQ70"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1882538.2</valUSD>
				<pctVal>1.328135773378</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-10-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.98108</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>KKR CLO 17, LTD.</name>
				<lei>549300I0HBY0ZQ3YIB77</lei>
				<title>KKR CLO 17, LTD. </title>
				<cusip>48251GAC3</cusip>
				<identifiers>
					<isin value="USG52779AC24"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1933727.8</valUSD>
				<pctVal>1.36425017413</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-04-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.95359</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>LCM XXXIV CLO, LTD.</name>
				<lei>N/A</lei>
				<title>LCM XXXIV CLO, LTD.</title>
				<cusip>50203DAA9</cusip>
				<identifiers>
					<isin value="USG54106AA00"/>
				</identifiers>
				<balance>3250000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2929222.725</valUSD>
				<pctVal>2.066574526491</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-10-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.07108</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>LCM XXXVII CLO, LTD.</name>
				<lei>N/A</lei>
				<title>LCM XXXVII CLO, LTD. </title>
				<cusip>50204FAA3</cusip>
				<identifiers>
					<isin value="USG5413GAA51"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>913034.5</valUSD>
				<pctVal>0.644148300299</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-04-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.8861</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>Marathon CLO XIII, LTD.</name>
				<lei>N/A</lei>
				<title>Marathon CLO XIII, LTD. </title>
				<cusip>56579BAA6</cusip>
				<identifiers>
					<isin value="US56579BAA61"/>
				</identifiers>
				<balance>1858000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1731694.4606</valUSD>
				<pctVal>1.221715108721</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2032-04-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.49771</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>Marble Point CLO XXII, LTD.</name>
				<lei>549300MZC31PBFF01E87</lei>
				<title>Marble Point CLO XXII, LTD. </title>
				<cusip>56606HAA0</cusip>
				<identifiers>
					<isin value="USG58601AA68"/>
				</identifiers>
				<balance>1004000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>949241.0368</valUSD>
				<pctVal>0.669692109585</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-25</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.93338</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>Mountain View CLO XV, LTD.</name>
				<lei>254900VKL64PZVEG4F33</lei>
				<title>Mountain View CLO XV, LTD. </title>
				<cusip>62432QAL4</cusip>
				<identifiers>
					<isin value="USG63015AF14"/>
				</identifiers>
				<balance>3000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2948263.5</valUSD>
				<pctVal>2.080007844566</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>12.3261</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>Mountain View Funding CLO 2019-1A, LTD.</name>
				<lei>N/A</lei>
				<title>Mountain View Funding CLO 2019-1A, LTD. </title>
				<cusip>62432NAL1</cusip>
				<identifiers>
					<isin value="USG6301WAF26"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1951168.6</valUSD>
				<pctVal>1.376554705531</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-10-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.87771</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>New York Community Bancorp, Inc.</name>
				<lei>529900HVXOTLY61GL030</lei>
				<title>New York Community Bancorp, Inc. </title>
				<cusip>649445AC7</cusip>
				<identifiers>
					<isin value="US649445AC78"/>
				</identifiers>
				<balance>5250000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>4946298</valUSD>
				<pctVal>3.489626568848</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2028-11-06</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>7.34349</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>Octagon Investment Partners 50</name>
				<lei>N/A</lei>
				<title>Octagon Investment Partners 50 </title>
				<cusip>67592NAE2</cusip>
				<identifiers>
					<isin value="USG6720HAC54"/>
				</identifiers>
				<balance>4000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3834739.2</valUSD>
				<pctVal>2.705418839892</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-01-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.31771</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>Octagon Investment Partners 69, LTD.</name>
				<lei>N/A</lei>
				<title>Octagon Investment Partners 69, LTD. </title>
				<cusip>67579QAA0</cusip>
				<identifiers>
					<isin value="USG6720QAA97"/>
				</identifiers>
				<balance>6000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>6005664</valUSD>
				<pctVal>4.237012136748</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-07-24</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.17518</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>Orion CLO 2024-3, LTD.</name>
				<lei>N/A</lei>
				<title>Orion CLO 2024-3, LTD. </title>
				<cusip>68626DAA0</cusip>
				<identifiers>
					<isin value="USG6781JAA19"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1990581</valUSD>
				<pctVal>1.404360259944</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2037-07-25</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.58177</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>OZLM VI, LTD.</name>
				<lei>N/A</lei>
				<title>OZLM VI, LTD. </title>
				<cusip>67108PAG9</cusip>
				<identifiers>
					<isin value="US67108PAG90"/>
				</identifiers>
				<balance>6000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>5415653.4</valUSD>
				<pctVal>3.82075806842</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-04-17</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.5914</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>OZLM XIX, LTD.</name>
				<lei>5493009C40QUU66J8E83</lei>
				<title>OZLM XIX, LTD. </title>
				<cusip>67112CAU1</cusip>
				<identifiers>
					<isin value="USG6869CAK92"/>
				</identifiers>
				<balance>1500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1463536.5</valUSD>
				<pctVal>1.032528944855</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-01-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>12.14771</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>Parallel CLO LTD.</name>
				<lei>N/A</lei>
				<title>Parallel CLO LTD. </title>
				<cusip>69916LAA9</cusip>
				<identifiers>
					<isin value="USG6903VAA73"/>
				</identifiers>
				<balance>4000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>3904051.2</valUSD>
				<pctVal>2.754318642682</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-10-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.73108</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Park Avenue Institutional Advisers CLO 2022-1, LTD.</name>
				<lei>N/A</lei>
				<title>Park Avenue Institutional Advisers CLO 2022-1, LTD. </title>
				<cusip>70016DAA4</cusip>
				<identifiers>
					<isin value="USG6936RAA70"/>
				</identifiers>
				<balance>1000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>974854.9</valUSD>
				<pctVal>0.6877627591</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-04-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.55947</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>PPM CLO 3, LTD.</name>
				<lei>549300UEAJV6RALDS969</lei>
				<title>PPM CLO 3, LTD. </title>
				<cusip>69355BAE1</cusip>
				<identifiers>
					<isin value="US69355CAA71"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1767535.6</valUSD>
				<pctVal>1.247001129156</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-17</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.1514</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>PPM CLO 5, LTD.</name>
				<lei>549300UEAJV6RALDS969</lei>
				<title>PPM CLO 5, LTD. </title>
				<cusip>69356VAA4</cusip>
				<identifiers>
					<isin value="USG7200VAA55"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1852524</valUSD>
				<pctVal>1.306960674393</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-10-18</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.03108</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>Sixth Street CLO XXVI, LTD.</name>
				<lei>N/A</lei>
				<title>Sixth Street CLO XXVI, LTD. </title>
				<cusip>829935AA3</cusip>
				<identifiers>
					<isin value="USG81927AA67"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1959753</valUSD>
				<pctVal>1.382611022865</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2124-10-18</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>9.91947</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 XXV, LTD.</name>
				<lei>N/A</lei>
				<title>Sound Point CLO XXV, LTD. </title>
				<cusip>83614JAJ1</cusip>
				<identifiers>
					<isin value="USG82863AE42"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1842941</valUSD>
				<pctVal>1.300199842067</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2033-04-25</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.53177</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 XVI, LTD.</name>
				<lei>5493004PWOYFPAFQVT02</lei>
				<title>Symphony CLO XVI, LTD. </title>
				<cusip>87165TAE4</cusip>
				<identifiers>
					<isin value="US87165TAE47"/>
				</identifiers>
				<balance>500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>463537.95</valUSD>
				<pctVal>0.327027272919</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2031-10-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.61771</annualizedRt>
					<isDefault>Y</isDefault>
					<areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Trinitas CLO XI, LTD.</name>
				<lei>N/A</lei>
				<title>Trinitas CLO XI, LTD. </title>
				<cusip>89641LAG6</cusip>
				<identifiers>
					<isin value="USG9063EAD97"/>
				</identifiers>
				<balance>1750000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1621119.85</valUSD>
				<pctVal>1.143704422953</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.78771</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>Ukraine Government International Bond</name>
				<lei>6354001WLTJXOMEXPY07</lei>
				<title>Ukraine Government International Bond</title>
				<cusip>903724BZ4</cusip>
				<identifiers>
					<isin value="US903724BZ40"/>
				</identifiers>
				<balance>336515</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>204853.50625</valUSD>
				<pctVal>0.144524700721</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>NUSS</issuerCat>
				<invCountry>UA</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2029-02-01</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>1.75</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Ukraine Government International Bond</name>
				<lei>6354001WLTJXOMEXPY07</lei>
				<title>Ukraine Government International Bond </title>
				<cusip>903724CA8</cusip>
				<identifiers>
					<isin value="US903724CA89"/>
				</identifiers>
				<balance>144220</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>71749.45</valUSD>
				<pctVal>0.050619430333</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>NUSS</issuerCat>
				<invCountry>UA</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-02-01</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>1.75</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Ukraine Government International Bond</name>
				<lei>6354001WLTJXOMEXPY07</lei>
				<title>Ukraine Government International Bond</title>
				<cusip>903724CD2</cusip>
				<identifiers>
					<isin value="US903724CD29"/>
				</identifiers>
				<balance>26260</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>12900.225</valUSD>
				<pctVal>0.009101143502</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>NUSS</issuerCat>
				<invCountry>UA</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2030-02-01</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>0</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Ukraine Government International Bond</name>
				<lei>6354001WLTJXOMEXPY07</lei>
				<title>Ukraine Government International Bond</title>
				<cusip>903724CE0</cusip>
				<identifiers>
					<isin value="US903724CE02"/>
				</identifiers>
				<balance>98130</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>37166.7375</valUSD>
				<pctVal>0.026221233467</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>NUSS</issuerCat>
				<invCountry>UA</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-02-01</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>0</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Ukraine Government International Bond</name>
				<lei>6354001WLTJXOMEXPY07</lei>
				<title>Ukraine Government International Bond</title>
				<cusip>903724CF7</cusip>
				<identifiers>
					<isin value="US903724CF76"/>
				</identifiers>
				<balance>82926</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>42084.945</valUSD>
				<pctVal>0.029691042112</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>NUSS</issuerCat>
				<invCountry>UA</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2035-02-01</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>0</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Ukraine Government International Bond</name>
				<lei>6354001WLTJXOMEXPY07</lei>
				<title>Ukraine Government International Bond</title>
				<cusip>903724CG5</cusip>
				<identifiers>
					<isin value="US903724CG59"/>
				</identifiers>
				<balance>69105</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>34638.88125</valUSD>
				<pctVal>0.02443782407</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>NUSS</issuerCat>
				<invCountry>UA</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2036-02-01</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>0</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Voya CLO 2019-2, LTD.</name>
				<lei>54930010DKR017G3JK24</lei>
				<title>Voya CLO 2019-2, LTD. </title>
				<cusip>92917XAA4</cusip>
				<identifiers>
					<isin value="US92917XAA46"/>
				</identifiers>
				<balance>500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>457024.7</valUSD>
				<pctVal>0.322432157492</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2032-07-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.13108</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>Voya CLO 2020-1, LTD.</name>
				<lei>N/A</lei>
				<title>Voya CLO 2020-1, LTD. </title>
				<cusip>92918GAE2</cusip>
				<identifiers>
					<isin value="USG9434HAC63"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1812263.2</valUSD>
				<pctVal>1.278556571493</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-07-16</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.87215</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>VTB Bank PJSC Via Eurasia DAC</name>
				<lei>635400IGBYL1WAJLDE17</lei>
				<title>VTB Bank PJSC Via Eurasia DAC</title>
				<cusip>G93951AA2</cusip>
				<identifiers>
					<isin value="XS0810596832"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>0</valUSD>
				<pctVal>0</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>DBT</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IE</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>3</fairValLevel>
				<debtSec>
					<maturityDt>2500-12-31</maturityDt>
					<couponKind>Variable</couponKind>
					<annualizedRt>11.577</annualizedRt>
					<isDefault>N</isDefault>
					<areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
					<isPaidKind>N</isPaidKind>
				</debtSec>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Wellfleet CLO X, LTD.</name>
				<lei>254900A99ZMAJM1OOV76</lei>
				<title>Wellfleet CLO X, LTD. </title>
				<cusip>94949VAE8</cusip>
				<identifiers>
					<isin value="USG9530UAC02"/>
				</identifiers>
				<balance>1500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1449658.2</valUSD>
				<pctVal>1.022737766804</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2032-07-20</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.14108</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>Wind River 2016-1K CLO, LTD.</name>
				<lei>635400WBNY8VGBBADK15</lei>
				<title>Wind River 2016-1K CLO, LTD. </title>
				<cusip>97314BAA0</cusip>
				<identifiers>
					<isin value="USG9702BAA82"/>
				</identifiers>
				<balance>1500000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1327026.3</valUSD>
				<pctVal>0.936220630871</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2034-10-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.86771</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>Wind River 2017-1 CLO, LTD.</name>
				<lei>254900W8N6WOFX1LSH24</lei>
				<title>Wind River 2017-1 CLO, LTD. </title>
				<cusip>97315XAA1</cusip>
				<identifiers>
					<isin value="USG97019AA47"/>
				</identifiers>
				<balance>2000000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1942834.6</valUSD>
				<pctVal>1.370675046072</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2036-04-18</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>11.59108</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>Wind River 2018-2 CLO, LTD.</name>
				<lei>N/A</lei>
				<title>Wind River 2018-2 CLO, LTD. </title>
				<cusip>88433LAA3</cusip>
				<identifiers>
					<isin value="US88433LAA35"/>
				</identifiers>
				<balance>1100000</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>1093127.31</valUSD>
				<pctVal>0.771204263089</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>ABS-CBDO</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>Y</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<debtSec>
					<maturityDt>2030-07-15</maturityDt>
					<couponKind>Floating</couponKind>
					<annualizedRt>10.26771</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>2025-06-30</ncom:dateSigned>
			<ncom:nameOfApplicant>Leader Funds Trust</ncom:nameOfApplicant>
			<ncom:signature>/s/ John Lekas</ncom:signature>
			<ncom:signerName>John Lekas</ncom:signerName>
			<ncom:title>President</ncom:title>
		</signature>
	</formData>
	<documents>XXXX</documents>
</edgarSubmission>
