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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13.9488</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>Mespil Securities</name>
        <lei>N/A</lei>
        <title>Mespil Securities</title>
        <cusip>BCC341BD7</cusip>
        <identifiers>
          <isin value="XS2418797986"/>
          <ticker value="BCC341BD"/>
        </identifiers>
        <balance>481002.4070</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335692.06</valUSD>
        <pctVal>0.4170024471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>15.360780</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>ST. LAWRENCE SRT USD CORP.</name>
        <lei>254900Q1AXE1IXAJJM39</lei>
        <title>St (*** Please punctuate:  St. or State ***) Lawrence Srt Usd Corp.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="XS2608243098"/>
          <ticker value="BCC399PN"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000087</valUSD>
        <pctVal>1.2423252617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.48</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>Magdalena</name>
        <lei>9845005C1F6CC38CAA33</lei>
        <title>Magdalena 12 Fondo de Titulizacion</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="ES0305901003"/>
          <ticker value="BCC3MCTC"/>
        </identifiers>
        <balance>1800000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8652"/>
        <valUSD>2100097.78</valUSD>
        <pctVal>2.6087775605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.0290</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>LEGO 2023-1 B VAR RT 6/25/2035   /</name>
        <lei>N/A</lei>
        <title>LEGO 2023-1 B VAR RT 6/25/2035   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="BCC3MDKL"/>
        </identifiers>
        <balance>18553282.82</balance>
        <units>PA</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>2872579.19</valUSD>
        <pctVal>3.5683672461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.64</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 DOLLARS  /</name>
        <lei>N/A</lei>
        <title>CANADIAN DOLLARS  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CAD"/>
        </identifiers>
        <balance>630.37</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="CAD" exchangeRt="1.3911"/>
        <valUSD>453.14</valUSD>
        <pctVal>0.0005628983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWISS FRANC  /</name>
        <lei>N/A</lei>
        <title>SWISS FRANC  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CHF"/>
        </identifiers>
        <balance>2272.93</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="CHF" exchangeRt="0.7996"/>
        <valUSD>2842.58</valUSD>
        <pctVal>0.0035311017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCLF SPV LLC CLO EQUITY 4/29/34   /</name>
        <lei>N/A</lei>
        <title>CCLF SPV LLC CLO EQUITY 4/29/34   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CWGOLUB1"/>
        </identifiers>
        <balance>537800</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>567302.57</valUSD>
        <pctVal>0.7047130037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-29</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>DOREL INDUST CL B WARRANTS 09/30/2032   /</name>
        <lei>N/A</lei>
        <title>DOREL INDUST CL B WARRANTS 09/30/2032   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="DIIBWPEN"/>
        </identifiers>
        <balance>27813</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3911"/>
        <valUSD>37187.97</valUSD>
        <pctVal>0.0461955356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DOREL INDUST CL B WARRANTS 09/30/2032   /</issuerName>
                <issueTitle>DOREL INDUST CL B WARRANTS 09/30/2032   /</issueTitle>
                <identifiers>
                  <ticker value="DII/B CN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.010000000000</exercisePrice>
            <exercisePriceCurCd>CAD</exercisePriceCurCd>
            <expDt>2032-09-29</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5383.42</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUR FORWARD CONTRACT 04/15/26   /</name>
        <lei>N/A</lei>
        <title>EUR FORWARD CONTRACT 04/15/26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU041526"/>
        </identifiers>
        <balance>61000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>70558.98</valUSD>
        <pctVal>0.0876495778</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>70918.60</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>61000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2026-04-15</settlementDt>
            <unrealizedAppr>-359.62</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUR FORWARD CONTRACT 04/15/26   /</name>
        <lei>N/A</lei>
        <title>EUR FORWARD CONTRACT 04/15/26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU041526"/>
        </identifiers>
        <balance>-3737000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-4322604.90</valUSD>
        <pctVal>-5.3696141073</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>3737000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>4377073.36</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-04-15</settlementDt>
            <unrealizedAppr>54468.46</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO FORWARD CONTRACT 05/15/2026   /</name>
        <lei>N/A</lei>
        <title>EURO FORWARD CONTRACT 05/15/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU051526"/>
        </identifiers>
        <balance>61000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>70655.83</valUSD>
        <pctVal>0.0877698865</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>71022.30</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>61000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2026-05-15</settlementDt>
            <unrealizedAppr>-366.47</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO FORWARD CONTRACT 06/15/2026   /</name>
        <lei>N/A</lei>
        <title>EURO FORWARD CONTRACT 06/15/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU061526"/>
        </identifiers>
        <balance>-3615000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-4192875.09</valUSD>
        <pctVal>-5.2084615074</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>3615000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>4206739.35</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-06-15</settlementDt>
            <unrealizedAppr>13864.26</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABPCI Direct Lending Fund CLO</name>
        <lei>984500D9CK69N677EA83</lei>
        <title>ABPCI Direct Lending Fund CLO XIX LP</title>
        <cusip>00112CAL2</cusip>
        <identifiers>
          <isin value="US00112CAL28"/>
          <ticker value="00112CAL"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1991216.20</valUSD>
        <pctVal>2.4735229903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.316840</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>SANTADER CONSUMER FINANCE24-1 12/25/34   /</name>
        <lei>N/A</lei>
        <title>SANTADER CONSUMER FINANCE24-1 12/25/34   /</title>
        <cusip>BCC3JLXT8</cusip>
        <identifiers>
          <ticker value="BCC3JLXT"/>
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        <balance>5865208.8940</balance>
        <units>PA</units>
        <currencyConditional curCd="SEK" exchangeRt="9.4667"/>
        <valUSD>620887.38</valUSD>
        <pctVal>0.7712769758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.8530</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LLOYDS BANK PLC 12/16/2030   /</name>
        <lei>N/A</lei>
        <title>LLOYDS BANK PLC 12/16/2030   /</title>
        <cusip>BCC3JSBN0</cusip>
        <identifiers>
          <ticker value="BCC3JSBN"/>
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        <balance>923965.47</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7555"/>
        <valUSD>1224201.05</valUSD>
        <pctVal>1.5207235869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.0795</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>LBBW LION-6 SNR 10/30/2036   /</name>
        <lei>N/A</lei>
        <title>LBBW LION-6 SNR 10/30/2036   /</title>
        <cusip>BCC3JWDF6</cusip>
        <identifiers>
          <ticker value="BCC3JWDF"/>
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        <balance>1477655.80</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8652"/>
        <valUSD>1710010.86</valUSD>
        <pctVal>2.1242048834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRANVILLE USD Ltd. VAR RT 02/15/2030   /</name>
        <lei>N/A</lei>
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        <cusip>BCC3KJ828</cusip>
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          <ticker value="BCC3KJ82"/>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>GREGORY SPV SRL VAR RT12/30/2045   /</name>
        <lei>N/A</lei>
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        <cusip>BCC3LJFB9</cusip>
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          <ticker value="BCC3LJFB"/>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Fortress Credit Opportunities</name>
        <lei>254900TCFL84ON4RYM29</lei>
        <title>Fortress Credit Opportunities XIX CLO LLC</title>
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          <isin value="US34964RAZ64"/>
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          <maturityDt>2036-10-15</maturityDt>
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      <invstOrSec>
        <name>MCF CLO LLC</name>
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          <isin value="US55281QAG10"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>MCF CLO LLC</name>
        <lei>2549007R1O92GDXNLZ38</lei>
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          <isin value="US55282EAE23"/>
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        <balance>2450000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.727630</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Audax-Riccobene Co. RBFD Buyer DDTL   /</name>
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        <cusip>999999999</cusip>
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          <ticker value="ADXRBDTL"/>
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        <balance>279499.33</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-10</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MSILF Government Portfolio</name>
        <lei>549300BI6Y5SI6BYPB26</lei>
        <title>MSILF Government Portfolio - Class Institutional</title>
        <cusip>61747C707</cusip>
        <identifiers>
          <isin value="US61747C7074"/>
          <ticker value="MVRXX"/>
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        <balance>60000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60000</valUSD>
        <pctVal>0.0745330313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NXT CAPITAL CLO 2026-1 CLO EQUITY   /</name>
        <lei>N/A</lei>
        <title>NXT CAPITAL CLO 2026-1 CLO EQUITY   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="NXCLO261"/>
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        <balance>1784317.46</balance>
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        <curCd>USD</curCd>
        <valUSD>1990049.26</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>SEK FORWARD CONTRACT 04/15/26   /</name>
        <lei>N/A</lei>
        <title>SEK FORWARD CONTRACT 04/15/26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SE041526"/>
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        <balance>2000</balance>
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        <descOthUnits>Currency</descOthUnits>
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              <counterpartyName>BNP Paribas Securities</counterpartyName>
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            <amtCurSold>217.14</amtCurSold>
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        <name>SEK FORWARD CONTRACT 04/15/26   /</name>
        <lei>N/A</lei>
        <title>SEK FORWARD CONTRACT 04/15/26   /</title>
        <cusip>999999999</cusip>
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          <ticker value="SE041526"/>
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        <balance>-1577000</balance>
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              <counterpartyName>BNP Paribas Securities</counterpartyName>
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        <name>SEK FORWARD CONTRACT 05/15/2026   /</name>
        <lei>N/A</lei>
        <title>SEK FORWARD CONTRACT 05/15/2026   /</title>
        <cusip>999999999</cusip>
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          <ticker value="SE051526"/>
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              <counterpartyName>BNP Paribas Securities</counterpartyName>
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        <name>SEK FORWARD CONTRACT 06/15/2026   /</name>
        <lei>N/A</lei>
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        <cusip>999999999</cusip>
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          <ticker value="SE061526"/>
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        <name>SEK FORWARD CONTRACT 05152026   /</name>
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        <cusip>999999999</cusip>
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          <ticker value="SEK51526"/>
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              <counterpartyName>BNP Paribas Securities</counterpartyName>
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      <invstOrSec>
        <name>UMB MONEY MARKET II SPECIAL   /</name>
        <lei>N/A</lei>
        <title>UMB MONEY MARKET II SPECIAL   /</title>
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          <ticker value="SMMFIDU"/>
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      <invstOrSec>
        <name>TCW Accuray DDTL    /</name>
        <lei>N/A</lei>
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        <cusip>999999999</cusip>
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          <ticker value="TCWACCDD"/>
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        <balance>380208.34</balance>
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        <assetCat>LON</assetCat>
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          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>TCW ACCURAY, Inc. TL   /</name>
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        <title>TCW ACCURAY, Inc. TL   /</title>
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          <ticker value="TCWACCTL"/>
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        <name>TCW Co.-Invest TL CONNECT AMERICA   /</name>
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        <name>TCW IPSEN TL LLC   /</name>
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        <name>TCW SUGAR CREEK PACKING Co. TL   /</name>
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        <name>EURO FORWARD CONTRACT 05/15/2026   /</name>
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      <invstOrSec>
        <name>FORTRESS BYOMA Arkas Bidco TL   /</name>
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        <title>FORTRESS BYOMA Arkas Bidco TL   /</title>
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          <ticker value="FCBYMTL"/>
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        <name>WHWK DIP A1 INT DIP  12/31/2026   /</name>
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        <name>WHWK DIP A2 INT DIP  12/31/2026   /</name>
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        <name>FORTRESS CREDIT OPP XXVII CLO EQUITY   /</name>
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        <name>GBP FWD CONTRACT 04/15/2026   /</name>
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        <name>GBP FWD CONTRACT 04/15/2026   /</name>
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        <name>GBP FORWARD CONTRACT 05/15/2026   /</name>
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        <name>WHITEHAWK C3 RENTALS TERM LOAN 04/22/2027   /</name>
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        <name>WHITEHAWK CATALYST TERM LOAN   /</name>
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      <invstOrSec>
        <name>GBP FORWARD CONTRACT 6/15/2026   /</name>
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            <amtCurSold>695000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>932412</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-06-15</settlementDt>
            <unrealizedAppr>12748.40</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GBP FWD CONTRACT 05/15/26   /</name>
        <lei>N/A</lei>
        <title>GBP FWD CONTRACT 05/15/26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GBP51526"/>
        </identifiers>
        <balance>-872000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="1"/>
        <valUSD>-1154065.04</valUSD>
        <pctVal>-1.4335994297</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>872000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>1191195.60</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-05-15</settlementDt>
            <unrealizedAppr>37130.56</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHITEHAWK NEPH TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK NEPH TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKNEPH"/>
        </identifiers>
        <balance>4702956.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4679441.61</valUSD>
        <pctVal>5.8128828020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.891750</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>WHITEHAWK SHRYNE STIIIZY TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK SHRYNE STIIIZY TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKSHRN"/>
        </identifiers>
        <balance>7265917.97</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7265917.97</valUSD>
        <pctVal>9.0258481949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.887010</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>APOGEM MCF CLO 12 CLO   /</name>
        <lei>N/A</lei>
        <title>APOGEM MCF CLO 12 CLO   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="MCFCLO12"/>
        </identifiers>
        <balance>2418014.17</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2782892.51</valUSD>
        <pctVal>3.4569569106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-24</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>WHITEHAWK WEST SIDE TERM LOAN 09/03/2027   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK WEST SIDE TERM LOAN 09/03/2027   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKWESD"/>
        </identifiers>
        <balance>2994101.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3143807.08</valUSD>
        <pctVal>3.9052911931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13</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>AUDAX RICCOBENE RBFD Buyer TL   /</name>
        <lei>N/A</lei>
        <title>AUDAX RICCOBENE RBFD Buyer TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXRBNTL"/>
        </identifiers>
        <balance>1306867.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299026.16</valUSD>
        <pctVal>1.6136726247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.417740</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>AUDAX SUMMIT SPINE REVOLVER   /</name>
        <lei>N/A</lei>
        <title>AUDAX SUMMIT SPINE REVOLVER   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXSUMRC"/>
        </identifiers>
        <balance>9328.36</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9267.73</valUSD>
        <pctVal>0.0115125335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.417740</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>AUDAX SUMMIT SPINE Surgincal Center TL   /</name>
        <lei>N/A</lei>
        <title>AUDAX SUMMIT SPINE Surgincal Center TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXSUMTL"/>
        </identifiers>
        <balance>1023246.25</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1016595.15</valUSD>
        <pctVal>1.2628319694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.417740</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>AUDAX Co.-INVEST TL    /</name>
        <lei>N/A</lei>
        <title>AUDAX Co.-INVEST TL    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AMONETTL"/>
        </identifiers>
        <balance>3276236.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3256579.56</valUSD>
        <pctVal>4.0453791062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.699610</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>TCW ACCURAY PENNY PREMIUM WARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY PREMIUM WARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWNPM"/>
        </identifiers>
        <balance>45576</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13495.83</valUSD>
        <pctVal>0.0167647520</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>13495.83</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW ACCURAY PENNY PENNY WARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY PENNY WARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWNPN"/>
        </identifiers>
        <balance>36461</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13785.90</valUSD>
        <pctVal>0.0171250819</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>13785.90</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW ACCURAY PENNY SUPERPREMIUMWARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY SUPERPREMIUMWARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWNSP"/>
        </identifiers>
        <balance>63807</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>18624.05</valUSD>
        <pctVal>0.0231351150</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>18624.05</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </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>2026-04-17</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Enhanced Private Credit Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Michael D. Peck</ncom:signature>
      <ncom:signerName>Michael D. Peck</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
