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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCHROCK PARTNERS LP/FIN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARDAGH GROUP SA</name>
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        <name>ARDAGH GROUP SA</name>
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        <name>AZORRA FINANCE</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>Azorra Finance Ltd.</title>
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        <invCountry>KY</invCountry>

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        <name>AZORRA FINANCE</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>Azorra Finance Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/COMMUNITY HEALTH SYS</name>
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        <name>CSC HOLDINGS LLC</name>
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        <name>Caesars Entertainment Inc</name>
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        <name>CAMELOT RETURN MERGER SU</name>
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        <name>CASCADES INC/USA INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <lei>5299002QMB2O7ZL1CA26</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-15</maturityDt>
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      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-23</maturityDt>
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      <invstOrSec>
        <name>CHOBANI LLC/FINANCE CORP</name>
        <lei>N/A</lei>
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          <isin value="US17027NAC65"/>
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        <balance>4655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4800333.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.63000000</annualizedRt>
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      <invstOrSec>
        <name>CHURCHILL DOWNS INC</name>
        <lei>529900FODTBQC8MIS994</lei>
        <title>Churchill Downs, Inc.</title>
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          <isin value="US171484AJ78"/>
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        <balance>3906000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3952454.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>SM ENERGY CO</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
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          <isin value="US17888HAB96"/>
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        <balance>5685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5943951.75000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SM ENERGY CO</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
        <cusip>17888HAC7</cusip>
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          <isin value="US17888HAC79"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220444.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.63000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SM ENERGY CO</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co.</title>
        <cusip>17888HAD5</cusip>
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          <isin value="US17888HAD52"/>
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        <balance>512000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>563213.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.63000000</annualizedRt>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings Inc</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
        <cusip>18452RAF2</cusip>
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          <isin value="US18452RAF29"/>
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        <balance>5260000.00000000</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>2</fairValLevel>
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          <maturityDt>2028-08-23</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CLEAR CHANNEL OUTDOOR HO</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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          <isin value="US18453HAG11"/>
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        <balance>1648000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1699920.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.13000000</annualizedRt>
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        <name>CLEAR CHANNEL OUTDOOR HO</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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          <isin value="US18453HAH93"/>
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        <balance>939000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>984255.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CLEARWAY ENERGY OP LLC</name>
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        <title>Clearway Energy Operating LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CLYDESDALE ACQUISITION</name>
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        <lei>254900QKSDYFR3K5YD98</lei>
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        <name>COMSTOCK RESOURCES INC</name>
        <lei>I03QQGEA4SS774AURI46</lei>
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        <name>COMSTOCK RESOURCES INC</name>
        <lei>I03QQGEA4SS774AURI46</lei>
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        <name>CONSTELLIUM SE</name>
        <lei>724500KRJEMC79KAAU28</lei>
        <title>Constellium SE</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT SUISSE GROUP AG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>DARLING INGREDIENTS INC</name>
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        <title>Darling Ingredients, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DAVITA INC</name>
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        <title>DaVita, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DISCOVERY GLOBAL HOLDINGS INC</name>
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        <title>Discovery Global Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FMC CORP</name>
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        <title>Fortescue Treasury Pty. Ltd.</title>
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        <name>FORTESCUE TREASURY PTY L</name>
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        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>GFL ENVIRONMENTAL HOL</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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      <invstOrSec>
        <name>GENESIS ENERGY LP/FIN</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
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      <invstOrSec>
        <name>GENMAB A/S/GENMAB FIN</name>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GENMAB A/S/GENMAB FIN</name>
        <lei>N/A</lei>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-15</maturityDt>
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        <name>GOODYEAR TIRE &amp; RUBBER</name>
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        <title>Goodyear Tire &amp; Rubber Co.</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-30</maturityDt>
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        <name>GOODYEAR TIRE &amp; RUBBER</name>
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        <title>Goodyear Tire &amp; Rubber Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>GOTO GROUP INC</name>
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        <title>GoTo Group, Inc.</title>
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        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
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        <name>GRAY MEDIA INC</name>
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        <lei>549300DW5M17KJOXCY66</lei>
        <title>Harvest Midstream I LP</title>
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      <invstOrSec>
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        <title>Hertz Corp.</title>
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          <isin value="US428040DB25"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>HERTZ CORP/THE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HESS MIDSTREAM OPERATION</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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        <name>HUB INTERNATIONAL LTD</name>
        <lei>549300JQT6ATTUNS5E06</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>HUB INTERNATIONAL LTD</name>
        <lei>549300JQT6ATTUNS5E06</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>HUMANA INC</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <name>ILFC E-CAPITAL TRUST I</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ILIAD HOLDING SAS</name>
        <lei>9695009BGMXB527HV965</lei>
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        <name>IHEARTCOMMUNICATIONS INC</name>
        <lei>54930076J6KDZL504O62</lei>
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        <name>IHEARTCOMMUNICATIONS INC</name>
        <lei>54930076J6KDZL504O62</lei>
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        <name>CRESCENT ENERGY FINANCE</name>
        <lei>54930061FUL6DBLFUW14</lei>
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        <name>CRESCENT ENERGY FINANCE</name>
        <lei>54930061FUL6DBLFUW14</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <lei>2W8N8UU78PMDQKZENC08</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-30</maturityDt>
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        <name>ION PLAT FIN US/SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>IQVIA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRON MOUNTAIN INC</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <name>KB HOME</name>
        <lei>549300LGUCWQURMWLG09</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>KEDRION SPA</name>
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        <invCountry>IT</invCountry>
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        <name>KINGPIN INTERMEDIATE HO</name>
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        <name>BATH &amp; BODY WORKS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LCPR SR SECURED FIN DAC</name>
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          <isin value="US50201DAA19"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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          <isin value="US527298CM39"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-30</maturityDt>
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        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>LEVEL 3 FINANCING INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>LINCOLN NATIONAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MGM RESORTS INTL</name>
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        <name>MPT OPER PARTNERSP/FINL</name>
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        <name>MADISON IAQ LLC</name>
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        <name>MAGNERA CORP</name>
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        <name>MARRIOTT OWNERSHIP RESOR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OLIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OLYMPUS WTR US HLDG CORP</name>
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      <invstOrSec>
        <name>1261229 BC LTD</name>
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        <invCountry>CA</invCountry>

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        <name>ORGANON &amp; CO/ORGANON FOR</name>
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        <title>Organon &amp; Co./Organon Foreign Debt Co-Issuer BV</title>
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          <isin value="US68622FAA93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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        <name>ORGANON &amp; CO/ORGANON FOR</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-30</maturityDt>
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        <name>OWENS-BROCKWAY</name>
        <lei>V2UQUCDZJ9WY98W8QU33</lei>
        <title>Owens-Brockway Glass Container, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PLS GROUP LTD</name>
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        <name>PR RNO PROPERTY OWNER 1</name>
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        <name>PARK INTERMED HOLDINGS</name>
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        <name>DOMTAR CORP</name>
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        <title>Domtar Corp.</title>
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        <title>Permian Resources Operating LLC</title>
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        <name>PHINIA INC</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>Phinia, Inc.</title>
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        <name>POST HOLDINGS INC</name>
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        <name>POST HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RIVERS ENT BORROWER LLC</name>
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        <name>QXO BUILDING PRODUCTS</name>
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        <name>SM ENERGY CO</name>
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        <name>SMYRNA READY MIX CONCRET</name>
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        <name>SOTERA HEALTH HLDGS LLC</name>
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        <name>STARWOOD PROPERTY TRUST</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <name>STARWOOD PROPERTY TRUST</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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      <invstOrSec>
        <name>STARWOOD PROPERTY TRUST</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATION CASINOS LLC</name>
        <lei>5493004E7Q60TX54WL62</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
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        <title>Tenet Healthcare Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
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          <isin value="US88033GDQ01"/>
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        <balance>3193000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3209166.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GDV9</cusip>
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          <isin value="US88033GDV95"/>
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        <balance>681000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>683178.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GDW7</cusip>
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          <isin value="US88033GDW78"/>
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        <balance>2143000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2109972.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>TRAVEL + LEISURE CO</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Travel &amp; Leisure Co.</title>
        <cusip>894164AC6</cusip>
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          <isin value="US894164AC61"/>
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        <balance>4776000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4689909.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.13000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRIVIUM PACKAGING FIN</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>Trivium Packaging Finance BV</title>
        <cusip>89686QAC0</cusip>
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          <isin value="US89686QAC06"/>
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        <balance>1245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1377683.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRIVIUM PACKAGING FIN</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>Trivium Packaging Finance BV</title>
        <cusip>89686QAD8</cusip>
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          <isin value="US89686QAD88"/>
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        <balance>499000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527486.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UKG Inc</name>
        <lei>529900FKHWSTQ1GXK240</lei>
        <title>UKG, Inc.</title>
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        <balance>3631330.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3481084.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-10</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>UKG INC</name>
        <lei>529900FKHWSTQ1GXK240</lei>
        <title>UKG, Inc.</title>
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        <balance>6389000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.88000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UWM HOLDINGS LLC</name>
        <lei>N/A</lei>
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        <balance>8529000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7911895.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.63000000</annualizedRt>
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        <name>UNIFRAX ESCROW ISS CORP</name>
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        <title>ASP Unifrax Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>UNIVISION COMMUNICATIONS</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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        <name>UNIVISION COMMUNICATIONS</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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        <name>VZ SECURED FINANCING BV</name>
        <lei>549300MG611MYCOWY949</lei>
        <title>VZ Secured Financing BV</title>
        <cusip>91845AAA3</cusip>
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        <balance>2331000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
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        <name>VZ SECURED FINANCING BV</name>
        <lei>549300MG611MYCOWY949</lei>
        <title>VZ Secured Financing BV</title>
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          <isin value="US91845AAB17"/>
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        <balance>4168000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3740974.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WILLIAM CARTER</name>
        <lei>TGI2A0HXEYNQPU7TYV27</lei>
        <title>William Carter Co.</title>
        <cusip>96926JAG2</cusip>
        <identifiers>
          <isin value="US96926JAG22"/>
        </identifiers>
        <balance>4264000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4372373.82000000</valUSD>
        <pctVal>0.528076103931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.38000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4551571.83000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WW International Inc</name>
        <lei>SGT8R1MU6ESIC7UJC518</lei>
        <title>WW International, Inc.</title>
        <cusip>98262P200</cusip>
        <identifiers>
          <isin value="US98262P2002"/>
        </identifiers>
        <balance>48243.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>692769.48000000</valUSD>
        <pctVal>0.083669654741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="608088.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WYNN RESORTS FINANCE LLC</name>
        <lei>N/A</lei>
        <title>Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.</title>
        <cusip>983133AC3</cusip>
        <identifiers>
          <isin value="US983133AC37"/>
        </identifiers>
        <balance>5332000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5587146.86000000</valUSD>
        <pctVal>0.674791055702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.13000000</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>ZF NA CAPITAL</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital, Inc.</title>
        <cusip>98877DAE5</cusip>
        <identifiers>
          <isin value="US98877DAE58"/>
        </identifiers>
        <balance>2781000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2798987.51000000</valUSD>
        <pctVal>0.338049416651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.13000000</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>ZF NA CAPITAL</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital, Inc.</title>
        <cusip>98877DAF2</cusip>
        <identifiers>
          <isin value="US98877DAF24"/>
        </identifiers>
        <balance>1831000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1817029.47000000</valUSD>
        <pctVal>0.219452837920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GrafTech Finance Inc</name>
        <lei>1Z010BU876CF2HDBIN43</lei>
        <title>GrafTech Finance, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX256631"/>
        </identifiers>
        <balance>1532210.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1470922.10000000</valUSD>
        <pctVal>0.177651510079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.73000000</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>GrafTech Finance Inc</name>
        <lei>1Z010BU876CF2HDBIN43</lei>
        <title>GrafTech Finance, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX256630"/>
        </identifiers>
        <balance>2681368.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2579141.26000000</valUSD>
        <pctVal>0.311497352271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.81000000</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>TRINSEO LUXCO FINANCE SPV SARL</name>
        <lei>N/A</lei>
        <title>Trinseo LuxCo Finance SPV SARL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX291531"/>
        </identifiers>
        <balance>286219.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>286219.42000000</valUSD>
        <pctVal>0.034568324302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.73000000</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>Clarios Global LP</name>
        <lei>549300474L1ZLXZY2P98</lei>
        <title>Clarios Global LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAC8000CAM55"/>
        </identifiers>
        <balance>4640578.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4646379.31000000</valUSD>
        <pctVal>0.561169283419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.23000000</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>State Street Global Advisors</name>
        <lei>5493008BJIBKQ5KTIF74</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>857509301</cusip>
        <identifiers>
          <isin value="US8575093013"/>
        </identifiers>
        <balance>79155870.50000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79155870.50000000</valUSD>
        <pctVal>9.560098339659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="79155870.50000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trinseo LuxCo Finance SPV Sa rl</name>
        <lei>N/A</lei>
        <title>Trinseo LuxCo Finance SPV SARL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL9339MAB71"/>
        </identifiers>
        <balance>743263.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>537626.71000000</valUSD>
        <pctVal>0.064932192459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trinseo LuxCo Finance SPV Sa rl</name>
        <lei>N/A</lei>
        <title>Trinseo LuxCo Finance SPV SARL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAL9339MAC54"/>
        </identifiers>
        <balance>5470022.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3956647.47000000</valUSD>
        <pctVal>0.477866501494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>TRANSAMERICA FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Kari Seabrands</ncom:signature>
      <ncom:signerName>Kari Seabrands</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
