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      <invstOrSec>
        <name>AGCO CORP</name>
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      <invstOrSec>
        <name>LUNDIN ENERGY FI 144A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALINE 2018-1A BR 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ABCLN 2024-A A2 144A</name>
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        <title>ALLY BANK AUTO CREDIT LINKED N ABCLN 2024 A A2 144A</title>
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        <name>ABCLN 2024-B B 144A</name>
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        <name>ABCLN 2025-A A2 144A</name>
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        <name>ABCLN 2025-A B 144A</name>
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        <name>ABCLN 2025-B B 144A</name>
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        <title>ALLY BANK AUTO CREDIT LINKED N ABCLN 2025 B B 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN HOMES 4 RENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN HONDA FINANCE</name>
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        <title>AMERICAN HONDA FINANCE SR UNSECURED 07/27 VAR</title>
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        <invCountry>US</invCountry>
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        <title>AMERICAN HONDA FINANCE SR UNSECURED 10/26 VAR</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN TOWER CORP</name>
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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>AMERICAN TOWER CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AMCAR 2025-1 A2B 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMPHENOL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMRIZE FINANCE US LLC</name>
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        <name>AMSR 2021-SFR2 A 144A</name>
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        <name>AOMT 2019-5 A1 144A</name>
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        <name>AOMT 2021-5 A1 144A</name>
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        <name>AOMT 2023-6 A1 144A</name>
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        <title>ANGEL OAK MORTGAGE TRUST AOMT 2023 6 A1 144A</title>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCELORMITTAL</name>
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        <name>ARIFL 2023-B A2 144A</name>
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        <name>ARIFL 2024-A A2 144A</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARIFL 2025-A A2 144A</name>
        <lei>N/A</lei>
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        <cusip>04033CAB2</cusip>
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          <isin value="US04033CAB28"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ATHENE GLOBAL FUNDING 144A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XCAP 2023-1A A2 144A</name>
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          <couponKind>Fixed</couponKind>
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        <name>XCAP 2024-1A A2 144A</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>XCAP 2024-1A A3 144A</name>
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          <couponKind>Fixed</couponKind>
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        <name>AESOP 2025-3A A 144A</name>
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        <name>AXIATA SPV2 BHD</name>
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        <name>AXIS 2022-1A D 144A</name>
        <lei>549300K5Y88MV8B4M421</lei>
        <title>AXIS EQUIPMENT FINANCE RECEIVA AXIS 2022 1A D 144A</title>
        <cusip>03236VAE1</cusip>
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        <name>AXIS 2024-1A B 144A</name>
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        <title>AXIS EQUIPMENT FINANCE RECEIVA AXIS 2024 1A B 144A</title>
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          <couponKind>Fixed</couponKind>
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        <name>AXIS 2024-2A A2 144A</name>
        <lei>254900VBZK8DVZNJFJ70</lei>
        <title>AXIS EQUIPMENT FINANCE RECEIVA AXIS 2024 2A A2 144A</title>
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          <couponKind>Fixed</couponKind>
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        <name>BACARDI MARTINI 4/2 144A CP</name>
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        <name>BACARDI MARTINI 4/2 144A CP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BCC 2020-2A AR3 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BCC 2020-5A ARR 144A</name>
        <lei>2549006JVW9O28JU2J23</lei>
        <title>BAIN CAPITAL CREDIT CLO, LIMIT BCC 2020 5A ARR 144A</title>
        <cusip>05683FBE8</cusip>
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          <isin value="US05683FBE88"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BCC 2021-4A A1RR 144A</name>
        <lei>254900YJBP8866ZPO033</lei>
        <title>BAIN CAPITAL CREDIT CLO, LIMIT BCC 2021 4A A1RR 144A</title>
        <cusip>05685ABA5</cusip>
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          <isin value="US05685ABA51"/>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BAMLL 2018-PARK A 144A</name>
        <lei>N/A</lei>
        <title>BANC OF AMERICA MERRILL LYNCH BAMLL 2018 PARK A 144A</title>
        <cusip>05491YAA8</cusip>
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          <isin value="US05491YAA82"/>
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        <curCd>USD</curCd>
        <valUSD>914074.090000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BANCO BILBAO VIZCAYA ARG</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
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          <isin value="US05946KAT88"/>
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        <curCd>USD</curCd>
        <valUSD>2999957.580000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1500000000</annualizedRt>
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      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA 03/28 VAR</title>
        <cusip>05964HBA2</cusip>
        <identifiers>
          <isin value="US05964HBA23"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202939.960000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-14</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA 03/28 VAR</title>
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          <isin value="US05964HBC88"/>
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        <balance>1200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1207456.210000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.0678593333</annualizedRt>
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        <name>BANK MANDIRI PT</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>BANK MANDIRI PT SR UNSECURED REGS 04/26 5.5</title>
        <cusip>0609879D8</cusip>
        <identifiers>
          <isin value="XS2577785921"/>
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        <balance>1360000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1362464.670000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</annualizedRt>
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      <invstOrSec>
        <name>MERRILL LYNCH CO</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP SUBORDINATED 09/26 6.22</title>
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        <curCd>USD</curCd>
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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>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.2200000000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF MONTREAL</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>BANK OF MONTREAL SR UNSECURED 09/27 VAR</title>
        <cusip>06368L8M1</cusip>
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          <isin value="US06368L8M17"/>
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        <curCd>USD</curCd>
        <valUSD>3007242.480000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BANQUE FED CRED MUTUEL 144A</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BANQUE FED CRED MUTUEL 144A 01/27 5.088</title>
        <cusip>06675FBC0</cusip>
        <identifiers>
          <isin value="US06675FBC05"/>
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        <curCd>USD</curCd>
        <valUSD>217237.740000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0880000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANQUE FED CRED MUTUEL 144A</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BANQUE FED CRED MUTUEL 144A 02/28 VAR</title>
        <cusip>06675DCL4</cusip>
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          <isin value="US06675DCL47"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.7422070000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>BANQUE FED CRED MUTUEL 144A</name>
        <lei>VBHFXSYT7OG62HNT8T76</lei>
        <title>BANQUE FED CRED MUTUEL 144A 07/26 5.896</title>
        <cusip>06675FBA4</cusip>
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          <isin value="US06675FBA49"/>
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        <balance>400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402777.560000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8960000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC SR UNSECURED 03/28 VAR</title>
        <cusip>06738ECP8</cusip>
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          <isin value="US06738ECP88"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203146.850000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.6740000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BATLN 2015-8A A2R3 144A</name>
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        <title>BATTALION CLO LTD BATLN 2015 8A A2R3 144A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BATLN 2015-9A ARR 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BATLN 2016-10A A1R3 144A</name>
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        <title>BATTALION CLO LTD BATLN 2016 10A A1R3 144A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BATLN 2018-12A ARR 144A</name>
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        <name>BATLN 2020-15A A1RR 144A</name>
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        <name>BAYER US FINANCE II LLC 144A</name>
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        <name>BVCLN 2024-CAR1 A 144A</name>
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        <name>BINOM 2021-INV1 A1 144A</name>
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        <name>OWLEF 2024-1A B 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BOEING CO</name>
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        <name>BOEING CO</name>
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        <name>BOEING CO</name>
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        <name>BOOZ ALLEN HAMILTON INC 144A</name>
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        <name>BRUNSWICK CORP 4/2 144A CP</name>
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      <invstOrSec>
        <name>BX 2021-RISE A 144A</name>
        <lei>N/A</lei>
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        <name>BX 2025-VOLT A 144A</name>
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          <isin value="US05619PAA49"/>
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        <name>CAIXABANK SA 144A</name>
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        <name>CAIXABANK SA 144A</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <name>CANADIAN IMPERIAL BANK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CANADIAN NATURAL RESOURC 4/2 144A CP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DISCOVER FINANCIAL SVS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE NA</name>
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        <name>CARMX 2022-1 D</name>
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        <name>CMXS 2025-B A2</name>
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        <name>CRVNA 2021-N2 A2</name>
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        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N2 A2</title>
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        <name>CRVNA 2021-N3 A2</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N3 A2</title>
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        <name>CRVNA 2021-N3 B</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CRVNA 2021-N4 A2</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N4 A2</title>
        <cusip>14687HAB9</cusip>
        <identifiers>
          <isin value="US14687HAB96"/>
        </identifiers>
        <balance>36666.110000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36126.820000</valUSD>
        <pctVal>0.0036522262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.8000000000</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>CRVNA 2021-N4 B</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N4 B</title>
        <cusip>14687HAC7</cusip>
        <identifiers>
          <isin value="US14687HAC79"/>
        </identifiers>
        <balance>3194.960000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3119.500000</valUSD>
        <pctVal>0.0003153646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.2400000000</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>CRVNA 2021-P3 A4</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 P3 A4</title>
        <cusip>14687JAF6</cusip>
        <identifiers>
          <isin value="US14687JAF66"/>
        </identifiers>
        <balance>730375.950000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726685.210000</valUSD>
        <pctVal>0.0734639457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.0300000000</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>CRVNA 2022-N1 A2 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2022 N1 A2 144A</title>
        <cusip>14686GAB2</cusip>
        <identifiers>
          <isin value="US14686GAB23"/>
        </identifiers>
        <balance>97124.730000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96396.950000</valUSD>
        <pctVal>0.0097452105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2100000000</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>CRVNA 2022-P1 B</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2022 P1 B</title>
        <cusip>14688DAE1</cusip>
        <identifiers>
          <isin value="US14688DAE13"/>
        </identifiers>
        <balance>1750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1735777.050000</valUSD>
        <pctVal>0.1754776748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</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>CRVNA 2022-P2 B</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2022 P2 B</title>
        <cusip>14686JAE0</cusip>
        <identifiers>
          <isin value="US14686JAE01"/>
        </identifiers>
        <balance>220000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221867.820000</valUSD>
        <pctVal>0.0224296370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0800000000</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>CRVNA 2023-N1 C 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 N1 C 144A</title>
        <cusip>14688FAD8</cusip>
        <identifiers>
          <isin value="US14688FAD87"/>
        </identifiers>
        <balance>1742526.930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1750289.540000</valUSD>
        <pctVal>0.1769448091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.9200000000</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>CRVNA 2023-P1 B 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P1 B 144A</title>
        <cusip>14688EAE9</cusip>
        <identifiers>
          <isin value="US14688EAE95"/>
        </identifiers>
        <balance>180000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>186182.230000</valUSD>
        <pctVal>0.0188220168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.2100000000</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>CRVNA 2024-N1 A3 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N1 A3 144A</title>
        <cusip>14687QAC7</cusip>
        <identifiers>
          <isin value="US14687QAC78"/>
        </identifiers>
        <balance>66652.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66730.740000</valUSD>
        <pctVal>0.0067461170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6000000000</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>CRVNA 2024-N1 B 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N1 B 144A</title>
        <cusip>14687QAD5</cusip>
        <identifiers>
          <isin value="US14687QAD51"/>
        </identifiers>
        <balance>2315000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2335726.200000</valUSD>
        <pctVal>0.2361292901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6300000000</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>CRVNA 2024-N2 A3 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 A3 144A</title>
        <cusip>14687VAC6</cusip>
        <identifiers>
          <isin value="US14687VAC63"/>
        </identifiers>
        <balance>80337.220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80573.230000</valUSD>
        <pctVal>0.0081455179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7100000000</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>CRVNA 2024-N2 B 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 B 144A</title>
        <cusip>14687VAD4</cusip>
        <identifiers>
          <isin value="US14687VAD47"/>
        </identifiers>
        <balance>2665000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2693466.730000</valUSD>
        <pctVal>0.2722949235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6700000000</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>CRVNA 2024-N2 C 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 C 144A</title>
        <cusip>14687VAE2</cusip>
        <identifiers>
          <isin value="US14687VAE20"/>
        </identifiers>
        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2042876.400000</valUSD>
        <pctVal>0.2065237587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8200000000</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>CRVNA 2024-N3 B 144A</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N3 B 144A</title>
        <cusip>14687WAD2</cusip>
        <identifiers>
          <isin value="US14687WAD20"/>
        </identifiers>
        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005643.400000</valUSD>
        <pctVal>0.1016651105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.6700000000</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>CRVNA 2024-P2 A3</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 P2 A3</title>
        <cusip>14688PAC8</cusip>
        <identifiers>
          <isin value="US14688PAC86"/>
        </identifiers>
        <balance>208093.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209835.940000</valUSD>
        <pctVal>0.0212132790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3300000000</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>CRVNA 2024-P4 A2</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 P4 A2</title>
        <cusip>14076LAB9</cusip>
        <identifiers>
          <isin value="US14076LAB99"/>
        </identifiers>
        <balance>64317.420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64332.700000</valUSD>
        <pctVal>0.0065036881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.6200000000</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>CRVNA 2024-P4 A3</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 P4 A3</title>
        <cusip>14076LAC7</cusip>
        <identifiers>
          <isin value="US14076LAC72"/>
        </identifiers>
        <balance>475000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>477600.150000</valUSD>
        <pctVal>0.0482827929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.6400000000</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>CRVNA 2025-N1 A2 144A</name>
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        <name>CELANESE US HOLDINGS LLC</name>
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        <name>CENCOSUD SA 144A</name>
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        <name>CACLN 2025-1 B 144A</name>
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        <name>CIFC 2022-3A AR 144A</name>
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        <name>CITIBANK NA</name>
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        <name>CNH INDUSTRIAL CAP LLC</name>
        <lei>549300PNSJ5B81UMVO28</lei>
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        <name>CROWN CASTLE INTL CORP</name>
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        <name>DAIMLER TRUCK FINAN NA 144A</name>
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        <name>DEFT 2023-2 A3 144A</name>
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        <name>DEFT 2023-3 C 144A</name>
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        <name>DEFT 2025-1 A3 144A</name>
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        <name>DELTA AIR LINES INC</name>
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        <name>DP WORLD CRESCENT LTD</name>
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        <name>DRIVE 2021-3 D 144A</name>
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        <name>DRIVE 2025-1 A3</name>
        <lei>N/A</lei>
        <title>DRIVE AUTO RECEIVABLES TRUST DRIVE 2025 1 A3</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>FORTIVE CORPORATION</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FCBSL 2019-1A A1R 144A</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FCBSL 2019-2A A1AR 144A</name>
        <lei>N/A</lei>
        <title>FORTRESS CREDIT BSL LIMITED FCBSL 2019 2A A1AR 144A</title>
        <cusip>34962DAN6</cusip>
        <identifiers>
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        <balance>699886.540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>699717.870000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.7196900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STACR 2021-HQA3 M2 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2021 HQA3 M2 144A</title>
        <cusip>35564KJP5</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>4025300.800000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>STACR 2022-DNA2 M1A 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2022 DNA2 M1A 144A</title>
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        <identifiers>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STACR 2022-DNA5 M1A 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2022 DNA5 M1A 144A</title>
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        <identifiers>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>STACR 2023-HQA3 A1 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2023 HQA3 A1 144A</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>5.5172100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STACR 2024-DNA2 A1 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2024 DNA2 A1 144A</title>
        <cusip>35564NCW1</cusip>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2276213.000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STACR 2024-DNA3 A1 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2024 DNA3 A1 144A</title>
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        <balance>247000.040000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STACR 2024-HQA1 A1 144A</name>
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        <title>FREDDIE MAC   STACR STACR 2024 HQA1 A1 144A</title>
        <cusip>35564NBW2</cusip>
        <identifiers>
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        <balance>383331.870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>384762.080000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STACR 2025-DNA1 A1 144A</name>
        <lei>529900WZAMS87JCAOC53</lei>
        <title>FREDDIE MAC   STACR STACR 2025 DNA1 A1 144A</title>
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        <identifiers>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>241799.900000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.6172100000</annualizedRt>
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        <securityLending>
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        <name>STACR 2025-DNA2 A1 144A</name>
        <lei>529900XX8WXEM4FBIH80</lei>
        <title>FREDDIE MAC   STACR STACR 2025 DNA2 A1 144A</title>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>663850.770000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.7672100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <name>FREEPORT-MCMORAN INC</name>
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        <name>GENERAL MOTORS FINL CO</name>
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        <name>GENERAL MOTORS FINL CO</name>
        <lei>5493008B6JBRUJ90QL97</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>GFORT 2024-3A B 144A</name>
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      <invstOrSec>
        <name>GLOBAL PAYMENTS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GMALT 2025-1 A4</name>
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      <invstOrSec>
        <name>GMALT 2025-1 B</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GMALT 2025-2 B</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GOHL CAPITAL LTD</name>
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        <name>GSMBS 2025-NQM3 A1 144A</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>HARLEY DAVIDSON FINL SER 4/2 144A CP</name>
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        <name>HARLEY DAVIDSON FINL SER 4/2 144A CP</name>
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        <name>HCA INC</name>
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        <name>HCA INC 4/2 144A CP</name>
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        <name>HCA INC 4/2 144A CP</name>
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        <name>HCA INC 4/2 144A CP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HDFC BANK LTD</name>
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        <name>HEALTHCARE RLTY HLDGS LP</name>
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        <name>HIGHMARK INC 144A</name>
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        <name>HOMES 2024-AFC1 A1 144A</name>
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        <name>HOMES 2025-NQM4 A1 144A</name>
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          <couponKind>Variable</couponKind>
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        <name>HPA 2022-1 A 144A</name>
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        <name>HPEFS 2023-2A C 144A</name>
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        <name>HPEFS 2024-2A B 144A</name>
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        <name>HSBC HOLDINGS PLC</name>
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        <name>HUMANA INC 4/2 144A CP</name>
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        <name>HALST 2024-A A3 144A</name>
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        <name>HALST 2024-A B 144A</name>
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        <name>HALST 2025-B B 144A</name>
        <lei>N/A</lei>
        <title>HYUNDAI AUTO LEASE SECURITIZAT HALST 2025 B B 144A</title>
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      <invstOrSec>
        <name>LEIDOS INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LG ELECTRONICS INC 144A</name>
        <lei>988400RMQFTGZIOG0609</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LGENERGYSOLUTION</name>
        <lei>988400QX6P286XA6ZS85</lei>
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          <isin value="USY5S5CGAK82"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-24</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LPL HOLDINGS INC</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LPL HOLDINGS INC</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>LPL HOLDINGS INC 144A</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MTLRF 2023-1A A3 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MTLRF 2025-1A A2 144A</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ATRM 13A AR2 144A</name>
        <lei>549300YWZ8HFDYP0MR16</lei>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>MDPK 2021-50A AR 144A</name>
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        <name>MDPK 2021-52A AR 144A</name>
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        <name>MANUF &amp; TRADERS TRUST CO</name>
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        <name>MP15 2019-1A A1R2 144A</name>
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        <name>MARSH &amp; MCLENNAN COS INC</name>
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        <name>MARVELL TECHNOLOGY INC</name>
        <lei>254900WVU0BM7ZCJ9E93</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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        <name>EQUATE PETROCHEMICAL BV</name>
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        <name>MFRA 2020-NQM1 A1 144A</name>
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        <name>MFRA 2023-NQM3 A1 144A</name>
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        <name>MFRA 2023-NQM4 A1 144A</name>
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        <name>MORGAN STANLEY BANK NA</name>
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        <name>MVWOT 2020-1A A 144A</name>
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        <name>MVWOT 2021-1WA A 144A</name>
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        <name>MVWOT 2021-2A A 144A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FUEL GAS CO</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>NATIONAL FUEL GAS CO SR UNSECURED 09/27 3.95</title>
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          <isin value="US636180BN05"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>997969.410000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.9500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FUEL GAS CO</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>NATIONAL FUEL GAS CO SR UNSECURED 10/26 5.5</title>
        <cusip>636180BS9</cusip>
        <identifiers>
          <isin value="US636180BS91"/>
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        <balance>2708000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2728988.460000</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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONWIDE BLDG SOCIETY 144A</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>NATIONWIDE BLDG SOCIETY 144A 10/27 VAR</title>
        <cusip>63861VAJ6</cusip>
        <identifiers>
          <isin value="US63861VAJ61"/>
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        <balance>1460000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1483087.740000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.5570000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONWIDE BLDG SOCIETY 144A</name>
        <lei>549300XFX12G42QIKN82</lei>
        <title>NATIONWIDE BLDG SOCIETY SUBORDINATED 144A 09/26 4</title>
        <cusip>63859WAE9</cusip>
        <identifiers>
          <isin value="US63859WAE93"/>
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        <balance>1300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1296738.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NAVSL 2019-A A2A 144A</name>
        <lei>549300ZUZB9UCBWEBN39</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2019 A A2A 144A</title>
        <cusip>63941BAB1</cusip>
        <identifiers>
          <isin value="US63941BAB18"/>
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        <balance>10218.010000</balance>
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        <curCd>USD</curCd>
        <valUSD>10192.110000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVSL 2019-D A2B 144A</name>
        <lei>N/A</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2019 D A2B 144A</title>
        <cusip>63941CAC7</cusip>
        <identifiers>
          <isin value="US63941CAC73"/>
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        <balance>155493.560000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155545.650000</valUSD>
        <pctVal>0.0157248242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.8241300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVSL 2020-FA A 144A</name>
        <lei>N/A</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2020 FA A 144A</title>
        <cusip>63941XAA5</cusip>
        <identifiers>
          <isin value="US63941XAA54"/>
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        <balance>30840.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29378.650000</valUSD>
        <pctVal>0.0029700227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.2200000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVSL 2020-GA A 144A</name>
        <lei>N/A</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2020 GA A 144A</title>
        <cusip>63941UAA1</cusip>
        <identifiers>
          <isin value="US63941UAA16"/>
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        <balance>36780.130000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34722.760000</valUSD>
        <pctVal>0.0035102833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.1700000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVSL 2020-HA A 144A</name>
        <lei>N/A</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2020 HA A 144A</title>
        <cusip>63935BAA1</cusip>
        <identifiers>
          <isin value="US63935BAA17"/>
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        <balance>42188.940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40134.470000</valUSD>
        <pctVal>0.0040573779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.3100000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAVSL 2021-CA A 144A</name>
        <lei>N/A</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2021 CA A 144A</title>
        <cusip>63942JAA5</cusip>
        <identifiers>
          <isin value="US63942JAA51"/>
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        <balance>37141.750000</balance>
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        <curCd>USD</curCd>
        <valUSD>34284.700000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.0600000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NAVSL 2021-GA A 144A</name>
        <lei>N/A</lei>
        <title>NAVIENT STUDENT LOAN TRUST NAVSL 2021 GA A 144A</title>
        <cusip>63942KAA2</cusip>
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          <isin value="US63942KAA25"/>
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        <curCd>USD</curCd>
        <valUSD>45870.360000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.5800000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NAVMT 2024-1 A 144A</name>
        <lei>N/A</lei>
        <title>NAVISTAR FINANCIAL DEALER NOTE NAVMT 2024 1 A 144A</title>
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          <isin value="US63938PBW86"/>
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        <curCd>USD</curCd>
        <valUSD>105251.560000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5900000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NAVMT 2024-1 B 144A</name>
        <lei>N/A</lei>
        <title>NAVISTAR FINANCIAL DEALER NOTE NAVMT 2024 1 B 144A</title>
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          <isin value="US63938PBX69"/>
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        <valUSD>200430.920000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7900000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NAVMT 2025-1 A 144A</name>
        <lei>N/A</lei>
        <title>NAVISTAR FINANCIAL DEALER NOTE NAVMT 2025 1 A 144A</title>
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          <isin value="US63938PBZ18"/>
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        <balance>1755000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1762961.910000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1800000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NSLT 2021-DA AFL 144A</name>
        <lei>N/A</lei>
        <title>NELNET STUDENT LOAN TRUST NSLT 2021 DA AFL 144A</title>
        <cusip>64034YAA9</cusip>
        <identifiers>
          <isin value="US64034YAA91"/>
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        <balance>31316.250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31197.870000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>4.4717200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEUB 2022-50A AR2 144A</name>
        <lei>549300UMYON6L2REF246</lei>
        <title>NEUBERGER BERMAN CLO LTD NEUB 2022 50A AR2 144A</title>
        <cusip>64134VAY2</cusip>
        <identifiers>
          <isin value="US64134VAY20"/>
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        <balance>1615000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1615000.000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.6989100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NRZT 2025-NQM6 A1 144A</name>
        <lei>N/A</lei>
        <title>NEW RESIDENTIAL MORTGAGE LOAN NRZT 2025 NQM6 A1 144A</title>
        <cusip>64832KAC9</cusip>
        <identifiers>
          <isin value="US64832KAC99"/>
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        <balance>3268537.210000</balance>
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        <curCd>USD</curCd>
        <valUSD>3291935.360000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0850000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>OBX 2025-NQM15 A1 144A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OTP BANK NYRT</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP BANK NYRT REGS 05/27 VAR</title>
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        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OVINTIV INC 4/2 CP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OVINTIV INC 4/2 CP</name>
        <lei>2549003MEX7YMKLGI239</lei>
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      <invstOrSec>
        <name>OZLM 2016-15A A1R3 144A</name>
        <lei>5493008RJIODIVVGSK16</lei>
        <title>OZLM LTD OZLM 2016 15A A1R3 144A</title>
        <cusip>67111DBG0</cusip>
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          <isin value="US67111DBG07"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>OZLM 2017-19A A1R3 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>OZLM 2018-20A A2 144A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PEAC 2025-1A A2 144A</name>
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      <invstOrSec>
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        <name>PLAINS ALL AMER PIPELINE 4/2 144A CP</name>
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        <name>PNC BANK NA</name>
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        <name>POST 2021-1A AR 144A</name>
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        <name>PREF 2024-1A A2 144A</name>
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        <name>PROG 2021-SFR3 D 144A</name>
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        <name>PROG 2021-SFR6 A 144A</name>
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        <name>PROG 2021-SFR8 C 144A</name>
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        <name>PROSUS NV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank &amp; Trust Co.</name>
        <lei>N/A</lei>
        <title>PURCHASED USD/ SOLD JPY</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="JPY260507"/>
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        <balance>1.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28491.320000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank &amp; Trust Co.</counterpartyName>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QUANTA SERVICES CP 4/2 144A</name>
        <lei>SHVRXXEACT60MMH07S24</lei>
        <title>QUANTA SERVICES INC</title>
        <cusip>74767HC24</cusip>
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          <isin value="US74767HC246"/>
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        <balance>8000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7997315.200000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>RAD 2023-21A A1R 144A</name>
        <lei>N/A</lei>
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        <cusip>750099AJ2</cusip>
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          <isin value="US750099AJ27"/>
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        <balance>245000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244930.420000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.7380200000</annualizedRt>
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      <invstOrSec>
        <name>REGAL REXNORD CORP</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
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        <cusip>758750AM5</cusip>
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          <isin value="US758750AM58"/>
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        <balance>3850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3992194.630000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RELX INC 4/2 144A CP</name>
        <lei>549300TEN8O7HZZY5K14</lei>
        <title>RELX INC</title>
        <cusip>75955HC23</cusip>
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          <isin value="US75955HC238"/>
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        <balance>800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>799750.800000</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>2026-03-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROCKETMTGE CO-ISSUER INC 144A</name>
        <lei>N/A</lei>
        <title>ROCKETMTGE CO ISSUER INC COMPANY GUAR 144A 10/26 2.875</title>
        <cusip>77313LAA1</cusip>
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          <isin value="US77313LAA17"/>
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        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.8750000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ROGERS COMMUNICATIONS 4/2 144A CP</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>ROGERS COMMUNICATIONS</title>
        <cusip>77511MEE7</cusip>
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          <isin value="US77511MEE75"/>
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        <balance>1750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1735764.100000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>ROGERS COMMUNICATIONS 4/2 144A CP</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>ROGERS COMMUNICATIONS</title>
        <cusip>77511MD24</cusip>
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          <isin value="US77511MD243"/>
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        <balance>3600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3586667.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROGERS COMMUNICATIONS 4/2 144A CP</name>
        <lei>54930030NVF3Y2OL0A78</lei>
        <title>ROGERS COMMUNICATIONS 03/26 ZCP</title>
        <cusip>77511MCC3</cusip>
        <identifiers>
          <isin value="US77511MCC38"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299580.900000</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>2026-03-12</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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      <invstOrSec>
        <name>ROGERS COMMUNICATIONS IN</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>ROGERS COMMUNICATIONS IN COMPANY GUAR 02/29 5</title>
        <cusip>775109DE8</cusip>
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        <balance>575000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>587890.070000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>ROGERS COMMUNICATIONS IN</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>ROGERS COMMUNICATIONS IN COMPANY GUAR 03/27 3.2</title>
        <cusip>775109CG4</cusip>
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        <curCd>USD</curCd>
        <valUSD>3970149.840000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROLLS-ROYCE PLC 144A</name>
        <lei>X57JK1U580XATGR67572</lei>
        <title>ROLLS ROYCE PLC COMPANY GUAR 144A 10/27 5.75</title>
        <cusip>77578JAC2</cusip>
        <identifiers>
          <isin value="US77578JAC27"/>
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        <balance>3000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3069800.220000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>RMRK 2018-2A A1R 144A</name>
        <lei>N/A</lei>
        <title>ROMARK CLO LTD RMRK 2018 2A A1R 144A</title>
        <cusip>77587EAL2</cusip>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROSS STORES INC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES 144A</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES 144A</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/26 5.5</title>
        <cusip>780153BJ0</cusip>
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        <curCd>USD</curCd>
        <valUSD>1750000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SA GLOBAL SUKUK LTD</name>
        <lei>5493007DFAVKU7UOGR47</lei>
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        <balance>860000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854046.560000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBCLN 2023-B B 144A</name>
        <lei>N/A</lei>
        <title>SANTANDER BANK AUTO CREDIT LIN SBCLN 2023 B B 144A</title>
        <cusip>80290CCB8</cusip>
        <identifiers>
          <isin value="US80290CCB81"/>
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        <balance>999082.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012770.090000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6400000000</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>SBCLN 2024-A A2 144A</name>
        <lei>N/A</lei>
        <title>SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A A2 144A</title>
        <cusip>80290CCH5</cusip>
        <identifiers>
          <isin value="US80290CCH51"/>
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        <balance>1567865.340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1597525.750000</valUSD>
        <pctVal>0.1615012159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6050000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBCLN 2024-B A2 144A</name>
        <lei>N/A</lei>
        <title>SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 B A2 144A</title>
        <cusip>80280BAA6</cusip>
        <identifiers>
          <isin value="US80280BAA61"/>
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        <balance>460613.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>465087.980000</valUSD>
        <pctVal>0.0470178802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.9110000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBCLN 2024-B B 144A</name>
        <lei>N/A</lei>
        <title>SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 B B 144A</title>
        <cusip>80280BAB4</cusip>
        <identifiers>
          <isin value="US80280BAB45"/>
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        <balance>204399.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205874.050000</valUSD>
        <pctVal>0.0208127533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.9650000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBCLN 2025-A B 144A</name>
        <lei>N/A</lei>
        <title>SANTANDER BANK AUTO CREDIT LIN SBCLN 2025 A B 144A</title>
        <cusip>80290CCR3</cusip>
        <identifiers>
          <isin value="US80290CCR34"/>
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        <balance>265000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266519.250000</valUSD>
        <pctVal>0.0269436552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4840000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SDART 2022-3 C</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2022 3 C</title>
        <cusip>80285UAF8</cusip>
        <identifiers>
          <isin value="US80285UAF84"/>
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        <balance>1104703.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1106016.890000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4900000000</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>SDART 2023-4 A3</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2023 4 A3</title>
        <cusip>802927AD5</cusip>
        <identifiers>
          <isin value="US802927AD53"/>
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        <balance>4912.150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4916.960000</valUSD>
        <pctVal>0.0004970781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SDART 2023-5 B</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2023 5 B</title>
        <cusip>80286PAD3</cusip>
        <identifiers>
          <isin value="US80286PAD33"/>
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        <balance>287000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290273.490000</valUSD>
        <pctVal>0.0293450804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1600000000</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>SDART 2024-1 B</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2024 1 B</title>
        <cusip>80288AAD4</cusip>
        <identifiers>
          <isin value="US80288AAD46"/>
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        <balance>752260.340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>755215.820000</valUSD>
        <pctVal>0.0763482361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2300000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDART 2024-2 B</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2024 2 B</title>
        <cusip>80286YAD4</cusip>
        <identifiers>
          <isin value="US80286YAD40"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1011641.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDART 2024-5 A3</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2024 5 A3</title>
        <cusip>802920AD0</cusip>
        <identifiers>
          <isin value="US802920AD01"/>
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        <balance>331124.590000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>331622.570000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.6200000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDART 2025-1 B</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2025 1 B</title>
        <cusip>80288DAD8</cusip>
        <identifiers>
          <isin value="US80288DAD84"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2216985.100000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8800000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDART 2025-4 A2</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2025 4 A2</title>
        <cusip>802923AB8</cusip>
        <identifiers>
          <isin value="US802923AB83"/>
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        <balance>2760000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2765790.200000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2800000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDART 2025-4 B</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2025 4 B</title>
        <cusip>802923AD4</cusip>
        <identifiers>
          <isin value="US802923AD40"/>
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        <balance>850000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>857111.270000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2700000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SDART 2026-1 B</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABL SDART 2026 1 B</title>
        <cusip>80288FAD3</cusip>
        <identifiers>
          <isin value="US80288FAD33"/>
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        <balance>1865000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1870799.030000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0700000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER UK GROUP HLDGS</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANTANDER UK GROUP HLDGS SR UNSECURED 01/28 VAR</title>
        <cusip>80281LAR6</cusip>
        <identifiers>
          <isin value="US80281LAR69"/>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493243.720000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.4690000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER UK GROUP HLDGS</name>
        <lei>549300F5XIFGNNW4CF72</lei>
        <title>SANTANDER UK GROUP HLDGS SR UNSECURED 06/27 VAR</title>
        <cusip>80281LAQ8</cusip>
        <identifiers>
          <isin value="US80281LAQ86"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>993062.530000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.6730000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTANDER UK GROUP HLDGS</name>
        <lei>549300F5XIFGNNW4CF72</lei>
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        <cusip>80281LAX3</cusip>
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          <isin value="US80281LAX38"/>
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        <curCd>USD</curCd>
        <valUSD>471542.600000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-22</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI INTERNATIONAL BOND 144A</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/28 5.125</title>
        <cusip>80413TBJ7</cusip>
        <identifiers>
          <isin value="US80413TBJ79"/>
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        <balance>1350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1377037.880000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SAUDI 144A</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/29 4.125</title>
        <cusip>80413TBP3</cusip>
        <identifiers>
          <isin value="US80413TBP30"/>
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        <balance>3250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3253247.530000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1250000000</annualizedRt>
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      <invstOrSec>
        <name>SBA TOWER TRUST 144A</name>
        <lei>N/A</lei>
        <title>SBA TOWER TRUST ASSET BACKED 144A 04/27 1.84</title>
        <cusip>78403DAV2</cusip>
        <identifiers>
          <isin value="US78403DAV29"/>
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        <balance>2670000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2603396.580000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.8400000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>SBA TOWER TRUST 144A</name>
        <lei>N/A</lei>
        <title>SBA TOWER TRUST ASSET BACKED 144A 05/51 1.631</title>
        <cusip>78403DAT7</cusip>
        <identifiers>
          <isin value="US78403DAT72"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638890.790000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.6310000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBALT 2024-A A4 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST SBALT 2024 A A4 144A</title>
        <cusip>78414SAG9</cusip>
        <identifiers>
          <isin value="US78414SAG93"/>
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        <balance>220000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220529.910000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2400000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBALT 2024-B A3 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST SBALT 2024 B A3 144A</title>
        <cusip>78437VAE0</cusip>
        <identifiers>
          <isin value="US78437VAE02"/>
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        <balance>155154.290000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155846.960000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5600000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBALT 2024-B A4 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST SBALT 2024 B A4 144A</title>
        <cusip>78437VAG5</cusip>
        <identifiers>
          <isin value="US78437VAG59"/>
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        <balance>225000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>227426.780000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBALT 2024-C A3 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST SBALT 2024 C A3 144A</title>
        <cusip>78398DAC1</cusip>
        <identifiers>
          <isin value="US78398DAC11"/>
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        <balance>271413.900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>271932.440000</valUSD>
        <pctVal>0.0274908994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5600000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SBALT 2024-C A4 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST SBALT 2024 C A4 144A</title>
        <cusip>78398DAD9</cusip>
        <identifiers>
          <isin value="US78398DAD93"/>
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        <balance>190000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190564.760000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>SBALT 2025-A A3 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO LEASE TRUST SBALT 2025 A A3 144A</title>
        <cusip>78437KAC8</cusip>
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          <isin value="US78437KAC80"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBAT 2024-A A3 144A</name>
        <lei>N/A</lei>
        <title>SBNA AUTO RECEIVABLES TRUST SBAT 2024 A A3 144A</title>
        <cusip>78437PAC7</cusip>
        <identifiers>
          <isin value="US78437PAC77"/>
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        <balance>81276.500000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3200000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>SCFET 2023-1A A3 144A</name>
        <lei>N/A</lei>
        <title>SCF EQUIPMENT TRUST LLC SCFET 2023 1A A3 144A</title>
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        <identifiers>
          <isin value="US784024AC56"/>
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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>2032-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SCFET 2023-1A B 144A</name>
        <lei>N/A</lei>
        <title>SCF EQUIPMENT TRUST LLC SCFET 2023 1A B 144A</title>
        <cusip>784024AD3</cusip>
        <identifiers>
          <isin value="US784024AD30"/>
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        <balance>43000.000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SCFET 2025-1A A2 144A</name>
        <lei>N/A</lei>
        <title>SCF EQUIPMENT TRUST LLC SCFET 2025 1A A2 144A</title>
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          <isin value="US78437DAB64"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>SDR 2024-DSNY A 144A</name>
        <lei>N/A</lei>
        <title>SDR COMMERCIAL MORTGAGE TRUST SDR 2024 DSNY A 144A</title>
        <cusip>811304AA2</cusip>
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          <isin value="US811304AA27"/>
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        <balance>600000.000000</balance>
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        <valUSD>599625.000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEB4P 2021-1A A2 144A</name>
        <lei>N/A</lei>
        <title>SEB FUNDING LLC SEB4P 2021 1A A2 144A</title>
        <cusip>78433DAA2</cusip>
        <identifiers>
          <isin value="US78433DAA28"/>
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        <balance>1201987.500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1201535.550000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.9690000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>VERUS 2024-1 A1 144A</name>
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      <invstOrSec>
        <name>VERUS 2024-INV1 A1 144A</name>
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      <invstOrSec>
        <name>VERUS 2025-7 A1B 144A</name>
        <lei>213800OVCAXDOBS94P47</lei>
        <title>VERUS SECURITIZATION TRUST VERUS 2025 7 A1B 144A</title>
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          <isin value="US924931AB44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIATRIS INC</name>
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          <isin value="US92556VAC00"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VSTA 2020-2 A1 144A</name>
        <lei>N/A</lei>
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          <isin value="US92838TAA97"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VWALT 2024-A A3</name>
        <lei>N/A</lei>
        <title>VOLKSWAGEN AUTO LEASE TRUST VWALT 2024 A A3</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VOLKSWAGEN GROUP AMERICA 144A</name>
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        <title>VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/27 4.95</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VOLKSWAGEN GROUP AMERICA 144A</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/29 5.25</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VOLKSWAGEN GROUP AMERICA 144A</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 08/26 4.9</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VOLKSWAGEN GROUP AMERICA 144A</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 08/27 4.85</title>
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        <fairValLevel>2</fairValLevel>
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        <name>VOLKSWAGEN GROUP AMERICA 144A</name>
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        <name>VOLKSWAGEN GROUP AMERICA 144A</name>
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      <invstOrSec>
        <name>VOYA FINANCIAL INC</name>
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        <name>WELF 2021-2A A1R 144A</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437895.980000</valUSD>
        <pctVal>0.0442689160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.7070000000</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>WFCM 2016-LC25 A4</name>
        <lei>N/A</lei>
        <title>WELLS FARGO COMMERCIAL MORTGAG WFCM 2016 LC25 A4</title>
        <cusip>95000JAV0</cusip>
        <identifiers>
          <isin value="US95000JAV08"/>
        </identifiers>
        <balance>650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>647340.330000</valUSD>
        <pctVal>0.0654426074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6400000000</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>WESTERN UNION CO/THE</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>WESTERN UNION CO/THE SR UNSECURED 03/26 1.35</title>
        <cusip>959802AZ2</cusip>
        <identifiers>
          <isin value="US959802AZ22"/>
        </identifiers>
        <balance>2134000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2131573.070000</valUSD>
        <pctVal>0.2154905125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.3500000000</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>WFLF 2024-1A A1 144A</name>
        <lei>549300BSFY0E0XXREF43</lei>
        <title>WHEELS FLEET LEASE FUNDING LLC WFLF 2024 1A A1 144A</title>
        <cusip>96328GBM8</cusip>
        <identifiers>
          <isin value="US96328GBM87"/>
        </identifiers>
        <balance>233163.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>235759.710000</valUSD>
        <pctVal>0.0238340320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.4900000000</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>WFLF 2025-3A A1 144A</name>
        <lei>549300BSFY0E0XXREF43</lei>
        <title>WHEELS FLEET LEASE FUNDING LLC WFLF 2025 3A A1 144A</title>
        <cusip>96328GCP0</cusip>
        <identifiers>
          <isin value="US96328GCP00"/>
        </identifiers>
        <balance>1685000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1691954.840000</valUSD>
        <pctVal>0.1710474863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0800000000</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>WEF 2025-1A A2 144A</name>
        <lei>N/A</lei>
        <title>WINGSPIRE EQUIPMENT FINANCE LL WEF 2025 1A A2 144A</title>
        <cusip>97415CAB4</cusip>
        <identifiers>
          <isin value="US97415CAB46"/>
        </identifiers>
        <balance>455000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>457040.220000</valUSD>
        <pctVal>0.0462042951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3300000000</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>WEF 2025-1A C 144A</name>
        <lei>N/A</lei>
        <title>WINGSPIRE EQUIPMENT FINANCE LL WEF 2025 1A C 144A</title>
        <cusip>97415CAD0</cusip>
        <identifiers>
          <isin value="US97415CAD02"/>
        </identifiers>
        <balance>1054000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1059930.860000</valUSD>
        <pctVal>0.1071532792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7600000000</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>WOSAT 2023-A C</name>
        <lei>N/A</lei>
        <title>WORLD OMNI SELECT AUTO TRUST WOSAT 2023 A C</title>
        <cusip>98163UAF7</cusip>
        <identifiers>
          <isin value="US98163UAF75"/>
        </identifiers>
        <balance>150000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151556.150000</valUSD>
        <pctVal>0.0153215073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</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>2026-04-06</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Exchange-Traded Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
