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      <repPdEnd>2026-04-30</repPdEnd>
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      <invstOrSec>
        <name>A &amp; T Investments SARL   /</name>
        <lei>N/A</lei>
        <title>A &amp; T Investments SARL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="DRAPO1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436"/>
        <valUSD>5452821.24</valUSD>
        <pctVal>6.4146874709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Jali Finance Ltd    /</name>
        <lei>N/A</lei>
        <title>Jali Finance Ltd    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="JALIFAC1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2759256.29</valUSD>
        <pctVal>3.2459833127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>JGB Management Inc.    /</name>
        <lei>N/A</lei>
        <title>JGB Management Inc.    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="JGBWHFAC"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1972250</valUSD>
        <pctVal>2.3201507637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-27</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>EUR/USD FUTURE MARCH 2026   /</name>
        <lei>N/A</lei>
        <title>EUR/USD FUTURE MARCH 2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ECH6"/>
        </identifiers>
        <balance>-57</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-119584.87</valUSD>
        <pctVal>-0.1406793903</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Other-Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EUR/USD FUTURE MARCH 2026   /</issuerName>
                <issueTitle>EUR/USD FUTURE MARCH 2026   /</issueTitle>
                <identifiers>
                  <other otherDesc="Bloomberg BPIPE identifier" value="614187374576"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-17</expDate>
            <notionalAmt>-8354177.63</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-119584.87</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Envest (Canada) Holdings Corp. TL A   /</name>
        <lei>N/A</lei>
        <title>Envest (Canada) Holdings Corp. TL A   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ENVESTA"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3617"/>
        <valUSD>403838.19</valUSD>
        <pctVal>0.4750743998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Envest (Canada) Holdings Corp. TL B   /</name>
        <lei>N/A</lei>
        <title>Envest (Canada) Holdings Corp. TL B   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ENVESTB"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>715654.53</valUSD>
        <pctVal>0.8418944882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Goldman Sachs Financial Square</name>
        <lei>549300BRJMXN4GUWZ402</lei>
        <title>Goldman Sachs Financial Square Government Fund</title>
        <cusip>38141W273</cusip>
        <identifiers>
          <isin value="US38141W2733"/>
          <ticker value="FGTXX"/>
        </identifiers>
        <balance>7324655.20</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7324655.20</valUSD>
        <pctVal>8.6167090157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Star Strong Master L LC   /</name>
        <lei>N/A</lei>
        <title>Star Strong Master L LC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FINGYM1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134741.64</valUSD>
        <pctVal>0.1585097827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-28</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Fundamental Partners IV LP   /</name>
        <lei>N/A</lei>
        <title>Fundamental Partners IV LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FUNDAIV"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1294591.79</valUSD>
        <pctVal>1.5229550667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marquis United LLC    /</name>
        <lei>N/A</lei>
        <title>Marquis United LLC    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="HENRYFAC"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2895954.43</valUSD>
        <pctVal>3.4067947179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>CAG Minnesota Members Fund II LLC   /</name>
        <lei>N/A</lei>
        <title>CAG Minnesota Members Fund II LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="LBRMXBB"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2665482.35</valUSD>
        <pctVal>3.1356678464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-27</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Sustainable Growth Fund II SCSp   /</name>
        <lei>N/A</lei>
        <title>Sustainable Growth Fund II SCSp   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SGFUNDII"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8436"/>
        <valUSD>2841905.45</valUSD>
        <pctVal>3.3432116112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lendable Asset Management LLC   /</name>
        <lei>N/A</lei>
        <title>Lendable Asset Management LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="LENDFAC1"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4022889.29</valUSD>
        <pctVal>4.7325185238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lendable (Leasy) Facility II   /</name>
        <lei>N/A</lei>
        <title>Lendable (Leasy) Facility II   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="LENDLEA2"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100000</valUSD>
        <pctVal>0.1176397903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Lendable Asset Management LLC   /</name>
        <lei>N/A</lei>
        <title>Lendable Asset Management LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="LENDLEAS"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400000</valUSD>
        <pctVal>0.4705591611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>BlackRock Monticello Debt REIT   /</name>
        <lei>N/A</lei>
        <title>BlackRock Monticello Debt REIT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="MONTFUND"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3274152.48</valUSD>
        <pctVal>3.8517061108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAKE WHOLE RECEIVABLE   /</name>
        <lei>N/A</lei>
        <title>MAKE WHOLE RECEIVABLE   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="MONTWHOL"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>North Sky Clean Growth Fund III LP   /</name>
        <lei>N/A</lei>
        <title>North Sky Clean Growth Fund III LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="NORTHSK3"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55639</valUSD>
        <pctVal>0.0654536029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monticello Funding LLC Series SH75-B   /</name>
        <lei>N/A</lei>
        <title>Monticello Funding LLC Series SH75-B   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SH75B"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>503962.48</valUSD>
        <pctVal>0.5928604045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MonticelloAM Funding LLC Series SH-85   /</name>
        <lei>N/A</lei>
        <title>MonticelloAM Funding LLC Series SH-85   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SH85"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1073469.93</valUSD>
        <pctVal>1.2628277743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Sky Clean Growth Fund VI LP   /</name>
        <lei>N/A</lei>
        <title>North Sky Clean Growth Fund VI LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="NORTHSKY"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7628143.39</valUSD>
        <pctVal>8.9737318860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Derivation Funding LLC   /</name>
        <lei>N/A</lei>
        <title>Derivation Funding LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="OUTCOME1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>707876.75</valUSD>
        <pctVal>0.8327447241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Frictionless Enterprises Limited   /</name>
        <lei>N/A</lei>
        <title>Frictionless Enterprises Limited   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="POWERFW"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1370711</valUSD>
        <pctVal>1.6125015457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Star Strong Master LLC   /</name>
        <lei>N/A</lei>
        <title>Star Strong Master LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="PREPPED1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164426.70</valUSD>
        <pctVal>0.1934312250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>MonticelloAM Funding LLC Series SH-86   /</name>
        <lei>N/A</lei>
        <title>MonticelloAM Funding LLC Series SH-86   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SH86"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>856770.15</valUSD>
        <pctVal>1.0079026076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rivonia Road Fund LP    /</name>
        <lei>N/A</lei>
        <title>Rivonia Road Fund LP    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RIVRP42"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395222.26</valUSD>
        <pctVal>0.4649386378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>RKB Bridge Solutions LLC   /</name>
        <lei>N/A</lei>
        <title>RKB Bridge Solutions LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="RKBFAC3"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32350</valUSD>
        <pctVal>0.0380564722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>MonticelloAM Funding LLC Series SH-88   /</name>
        <lei>N/A</lei>
        <title>MonticelloAM Funding LLC Series SH-88   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SH88"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>514017.42</valUSD>
        <pctVal>0.6046890149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VPES Fund 1 LLC Debt Facility   /</name>
        <lei>N/A</lei>
        <title>VPES Fund 1 LLC Debt Facility   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SKYDAN1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1516865.66</valUSD>
        <pctVal>1.7844375812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-17</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Spouting Rock (La Mo raleja) Facility   /</name>
        <lei>N/A</lei>
        <title>Spouting Rock (La Mo raleja) Facility   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SPOUTROC"/>
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        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250000</valUSD>
        <pctVal>0.2940994757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2099-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>SSC SPV No. 2 LLC Impact Facility   /</name>
        <lei>N/A</lei>
        <title>SSC SPV No. 2 LLC Impact Facility   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SSCNUM3"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>175000</valUSD>
        <pctVal>0.2058696330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Stride Alternative Education Fund 1   /</name>
        <lei>N/A</lei>
        <title>Stride Alternative Education Fund 1   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="STRIDE1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49964.93</valUSD>
        <pctVal>0.0587786389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Sunnova TEP Holdings LLC   /</name>
        <lei>N/A</lei>
        <title>Sunnova TEP Holdings LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SUNNOVA"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1813810.78</valUSD>
        <pctVal>2.1337631976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Cibanco S.A. Institucion   /</name>
        <lei>N/A</lei>
        <title>Cibanco S.A. Institucion   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TRGFAC"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48195</valUSD>
        <pctVal>0.0566964969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-27</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Upper90 Crusoe Loan II SPV LLC   /</name>
        <lei>N/A</lei>
        <title>Upper90 Crusoe Loan II SPV LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="U90SPVII"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>681733.19</valUSD>
        <pctVal>0.8019894950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-06</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Vanguard Federal Money Market</name>
        <lei>NI8UG8EJBPTZ3Y6R3164</lei>
        <title>Vanguard Federal Money Market Fund</title>
        <cusip>922906300</cusip>
        <identifiers>
          <isin value="US9229063006"/>
          <ticker value="VMFXX"/>
        </identifiers>
        <balance>0.20</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.20</valUSD>
        <pctVal>0.0000002353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WindSail Credit QP Fund L.P.   /</name>
        <lei>N/A</lei>
        <title>WindSail Credit QP Fund L.P.   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WINDSAIL"/>
        </identifiers>
        <balance>1</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145437</valUSD>
        <pctVal>0.1710917818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zanifu Limited    /</name>
        <lei>N/A</lei>
        <title>Zanifu Limited    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ZANIFU"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3238029.90</valUSD>
        <pctVal>3.8092115834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-18</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Star Strong Master LLC   /</name>
        <lei>N/A</lei>
        <title>Star Strong Master LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="BLACE"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>385199.07</valUSD>
        <pctVal>0.4531473781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>CRP Affordable Housing Fund LLC   /</name>
        <lei>N/A</lei>
        <title>CRP Affordable Housing Fund LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CASFAC1"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6450000</valUSD>
        <pctVal>7.5877664728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Copperpot Finance LLC   /</name>
        <lei>N/A</lei>
        <title>Copperpot Finance LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CAURFAC2"/>
        </identifiers>
        <balance>1</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700000</valUSD>
        <pctVal>0.8234785319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-26</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>CANADIAN DOLLAR FUT MAR 26   /</name>
        <lei>N/A</lei>
        <title>CANADIAN DOLLAR FUT MAR 26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CDH6"/>
        </identifiers>
        <balance>-6</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>405.18</valUSD>
        <pctVal>0.0004766529</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Other-Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CANADIAN DOLLAR FUT MAR 26   /</issuerName>
                <issueTitle>CANADIAN DOLLAR FUT MAR 26   /</issueTitle>
                <identifiers>
                  <other otherDesc="Bloomberg BPIPE identifier" value="614187374551"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-18</expDate>
            <notionalAmt>-442785.18</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>405.18</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-10</ncom:dateSigned>
      <ncom:nameOfApplicant>VARIANT IMPACT FUND</ncom:nameOfApplicant>
      <ncom:signature>/s/ Robert W Elsasser</ncom:signature>
      <ncom:signerName>Robert W Elsasser</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
