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      <invstOrSec>
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      <invstOrSec>
        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
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        <name>PG&amp;E WILDFIRE RECOVERY FUNDING LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AASET TRUST</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST</name>
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        <name>OCP CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>AIMCO CLO</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CIG AUTO RECEIVABLES TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>MISSION LANE CREDIT CARD MASTER TRUST</name>
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          <isin value="US60510MBE75"/>
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        <name>ROCKFORD TOWER CLO</name>
        <lei>N/A</lei>
        <title>ROCKFORD TOWER CLO 2017-3 LTD ROCKT 2017-3A D</title>
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          <isin value="US77341DAJ63"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FRONTIER ISSUER LLC</name>
        <lei>N/A</lei>
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        <name>AASET TRUST</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>STARWOOD RETAIL PROPERTY TRUST</name>
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        <name>HARDEES FUNDING LLC</name>
        <lei>N/A</lei>
        <title>HARDEE'S FUNDING LLC HNGRY 2024-1A A2</title>
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          <isin value="US411707AM41"/>
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        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <title>WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 WFCM 2016-C36 C</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <title>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2013-LC11 C</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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      <invstOrSec>
        <name>NEUBERGER BERMAN LOAN ADVISERS LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WILLIS ENGINE STRUCTURED TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>POLEN CAPITAL CLO LTD.</name>
        <lei>N/A</lei>
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          <isin value="US73110LAA52"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WFRBS COMMERCIAL MORTGAGE TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>WFRBS COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US92935VAS79"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>NYC COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>NY COMMERCIAL MORTGAGE TRUST 2025-299P NY 2025-299P A</title>
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          <isin value="US62957FAA75"/>
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        <balance>5970000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>VIVINT SOLAR FINANCING V LLC</name>
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          <isin value="US92854VAA35"/>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ZIPLY FIBER ISSUER, LLC</name>
        <lei>N/A</lei>
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        <cusip>98979QAC7</cusip>
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          <isin value="US98979QAC78"/>
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        <balance>3797000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.81000000</annualizedRt>
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        <securityLending>
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        <name>EXTENDED STAY AMERICA TRUST</name>
        <lei>N/A</lei>
        <title>EXTENDED STAY AMERICA TRUST 2021-ESH ESA 2021-ESH F</title>
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          <isin value="US30227FAN06"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>AIM AVIATION FINANCE LIMITED</name>
        <lei>N/A</lei>
        <title>AIM AVIATION FINANCE LTD DCAL 2015-1A B1</title>
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          <isin value="US001406AB39"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FALCON AEROSPACE LIMITED</name>
        <lei>N/A</lei>
        <title>FALCON AEROSPACE LTD 2017-1 FLCON 2017-1 A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2023-2 E</title>
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          <isin value="US35104AAF57"/>
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        <name>SYCAMORE TREE CLO LTD</name>
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        <title>SYCAMORE TREE CLO 2021-1 LTD STCP 2021-1A ER</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WINGSTOP FUNDING</name>
        <lei>N/A</lei>
        <title>WINGSTOP FUNDING LLC WSTOP 2024-1A A2</title>
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          <isin value="US974153AE88"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>SUNRUN ATLAS ISSUER LLC</name>
        <lei>N/A</lei>
        <title>SUNRUN ATLAS ISSUER 2019-2 LLC SUNRN 2019-2 A</title>
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          <isin value="US86772FAA93"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>FIRSTKEY HOMES TRUST</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CIG AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CIG AUTO RECEIVABLES TRUST 2021-1 CIGAR 2021-1A E</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PRPM LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRPM LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2021-4 LLC PRPM 2021-4 A2</title>
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          <isin value="US693583AB20"/>
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        <balance>593730.08000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I TRUST</name>
        <lei>N/A</lei>
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          <isin value="US61690LAQ32"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST 2024-N3 CRVNA 2024-N3 E</title>
        <cusip>14687WAG5</cusip>
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          <isin value="US14687WAG50"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC</name>
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        <title>CITIGROUP MORTGAGE LOAN TRUST 2010-9 CMLTI 2010-9 2A2</title>
        <cusip>17317JAD2</cusip>
        <identifiers>
          <isin value="US17317JAD28"/>
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        <balance>223141.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212255.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CLSEC HOLDINGS 22T LLC CLAF 2021-1 C</title>
        <cusip>12567UAC7</cusip>
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          <isin value="US12567UAC71"/>
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        <balance>3631159.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3401896.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.17100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST 2009-10 CMLTI 2009-10 6A2</title>
        <cusip>17316AAZ3</cusip>
        <identifiers>
          <isin value="US17316AAZ30"/>
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        <balance>126477.26000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112959.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.31148840</annualizedRt>
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      <invstOrSec>
        <name>CONNECTICUT AVENUE SECURITIES</name>
        <lei>N/A</lei>
        <title>CONNECTICUT AVENUE SECURITIES TRUST 2021-R01 CAS 2021-R01 1B1</title>
        <cusip>20754RAF3</cusip>
        <identifiers>
          <isin value="US20754RAF38"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>741636.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.45368840</annualizedRt>
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      <invstOrSec>
        <name>BB-UBS TRUST</name>
        <lei>N/A</lei>
        <title>BB-UBS TRUST BBUBS 2012-TFT C</title>
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          <isin value="US05490AAE38"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>HILTON GRAND VACATIONS TRUST</name>
        <lei>N/A</lei>
        <title>HILTON GRAND VACATIONS TRUST 2022-2 HGVT 2022-2A C</title>
        <cusip>43283GAC6</cusip>
        <identifiers>
          <isin value="US43283GAC69"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-25</maturityDt>
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      <invstOrSec>
        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2012-CCRE3 MORTGAGE TRUST COMM 2012-CR3 D</title>
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          <isin value="US12624PAS48"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>REDWOOD FUNDING TRUST 2023-1 RFT 2023-1 A</title>
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          <isin value="US75806CAA99"/>
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          <couponKind>Fixed</couponKind>
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        <name>LEHMAN XS TRUST MORTGAGE PASS-THROUGH CERTIFICATES</name>
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        <title>LEHMAN XS TRUST SERIES 2006-2N LXS 2006-2N 1A1</title>
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          <isin value="US525221HA83"/>
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        <name>EWC MASTER ISSUER LLC</name>
        <lei>N/A</lei>
        <title>EWC MASTER ISSUER LLC WAX 2022-1A A2</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WAVE LLC</name>
        <lei>N/A</lei>
        <title>WAVE 2017-1 TRUST WAAV 2017-1A A</title>
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          <isin value="US94353WAA36"/>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AVENTURA MALL VENTURE</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REDWOOD FUNDING TRUST</name>
        <lei>N/A</lei>
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          <isin value="US757912AA83"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7</name>
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        <cusip>92936TAK8</cusip>
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          <isin value="US92936TAK88"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="US75806FAA21"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AASET TRUST</name>
        <lei>N/A</lei>
        <title>AASET 2024-1 AASET 2024-1A A2</title>
        <cusip>00255JAB6</cusip>
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          <isin value="US00255JAB61"/>
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        <balance>404351.66000000</balance>
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        <curCd>USD</curCd>
        <valUSD>411468.29000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SUNNOVA HELIOS ISSUER LLC</name>
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          <isin value="US86745LAA08"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SCF EQUIPMENT LEASING LLC</name>
        <lei>N/A</lei>
        <title>SCF EQUIPMENT LEASING 2023-1 LLC SCFET 2023-1A E</title>
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          <isin value="US784024AG60"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TVC MORTAGE TRUST</name>
        <lei>N/A</lei>
        <title>TVC MORTGAGE TRUST 2024-RRTL1 TVC 2024-RRTL1 M1</title>
        <cusip>87306WAC1</cusip>
        <identifiers>
          <isin value="US87306WAC10"/>
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        <balance>3610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3622235.37000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.41500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MORGAN STANLEY CAPITAL I INC.</name>
        <lei>3IFG42XD94UUZ7FL2766</lei>
        <title>MORGAN STANLEY CAPITAL I TRUST 2011-C2 MSC 2011-C2 E</title>
        <cusip>617459AK8</cusip>
        <identifiers>
          <isin value="US617459AK86"/>
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        <balance>2930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2772366.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.38500960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VOLOFIN FINANCE (IRELAND) DESIGNATED ACTIVITY COMPANY</name>
        <lei>N/A</lei>
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        <cusip>92873RAB7</cusip>
        <identifiers>
          <isin value="US92873RAB78"/>
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        <balance>1135130.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1143451.42000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.21100000</annualizedRt>
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      <invstOrSec>
        <name>RFS ASSET SECURITIZATION II LLC</name>
        <lei>N/A</lei>
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        <cusip>74969DAQ8</cusip>
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          <isin value="US74969DAQ88"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>14.78200000</annualizedRt>
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      <invstOrSec>
        <name>DC COMMERCIAL MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>DC COMMERCIAL MORTGAGE TRUST 2023-DC DC 2023-DC D</title>
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          <isin value="US24023AAG58"/>
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        <balance>1370000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.37850240</annualizedRt>
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        <name>CSMC TRUST</name>
        <lei>N/A</lei>
        <title>CSMC 2014-USA OA LLC CSMC 2014-USA E</title>
        <cusip>12649AAQ2</cusip>
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          <isin value="US12649AAQ22"/>
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        <balance>5475000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37330000</annualizedRt>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST 2022-P1 CRVNA 2022-P1 A3</title>
        <cusip>14688DAC5</cusip>
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          <isin value="US14688DAC56"/>
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        <balance>542425.89000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>STARWOOD RETAIL PROPERTY TRUST</name>
        <lei>N/A</lei>
        <title>STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR E</title>
        <cusip>85571XAS6</cusip>
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          <isin value="US85571XAS62"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>STREAM INNOVATIONS ISSUER TRUST</name>
        <lei>N/A</lei>
        <title>STREAM INNOVATIONS 2024-1 ISSUER TRUST STRE 2024-1A C</title>
        <cusip>86324CAC5</cusip>
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          <isin value="US86324CAC55"/>
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        <balance>4500000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RESIDENTIAL FUNDING MORTGAGE SECURITIES INCORPORATED</name>
        <lei>N/A</lei>
        <title>RFMSI SERIES 2005-SA1 TRUST RFMSI 2005-SA1 1A1</title>
        <cusip>76111XTB9</cusip>
        <identifiers>
          <isin value="US76111XTB90"/>
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        <balance>1406291.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>872478.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>AVIS BUDGET RENTAL CAR FUNDING</name>
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        <name>Freddie Mac</name>
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        <name>OCTANE RECEIVABLES TRUST</name>
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        <name>VOLT LLC</name>
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        <name>BANC OF AMERICA FUNDING CORPORATION</name>
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        <name>SEB FUNDING LLC</name>
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        <name>FIRSTKEY HOMES TRUST</name>
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        <name>SIERRA TIMESHARE RECEIVABLES FUNDING LLC</name>
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        <name>Freddie Mac</name>
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        <name>PLANET FITNESS MASTER ISSUER LLC</name>
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        <name>KAPITUS ASSET SECURITIZATION LLC</name>
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        <name>FREDDIE MAC STACR REMIC TRUST</name>
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        <name>GITSIT MORTGAGE LOAN TRUST</name>
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        <title>GITSIT MORTGAGE LOAN TRUST 2025-NPL1 GITST 2025-NPL1 A1</title>
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        <name>BRIDGE STREET CLO LTD</name>
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        <name>LABRADOR AVIATION FIN LTD SER 2016</name>
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        <name>PRPM LLC</name>
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        <name>KAPITUS ASSET SECURITIZATION LLC</name>
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        <name>FIRST INVESTORS AUTO OWNER TRUST</name>
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      <invstOrSec>
        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2014-UBS4 MORTGAGE TRUST COMM 2014-UBS4 AM</title>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>AASET 2020&amp;#8722;1A E 0% 01/16/2040</title>
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          <other otherDesc="All Others" value="00258AAA4"/>
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          <couponKind>Fixed</couponKind>
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        <name>TRICON AMERICAN HOMES TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BHG SECURITIZATION TRUST</name>
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          <isin value="US08860DAE31"/>
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        <name>COREVEST AMERICAN FINANCE</name>
        <lei>N/A</lei>
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        <name>GS MORTGAGE SECURITIES CORPORATION TRUST</name>
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        <name>WILLIS ENGINE STRUCTURED TRUST</name>
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        <name>MASTR ALTERNATIVE LOAN TR</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>COREVEST AMERICAN FINANCE</name>
        <lei>N/A</lei>
        <title>COREVEST AMERICAN FINANCE 2020-2 TRUST CAFL 2020-2 D</title>
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          <isin value="US21872VAF94"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>COMM 2012-LC4 MORTGAGE TRUST COMM 2012-LC4 D</title>
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          <isin value="US126192AK98"/>
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        <name>STELLAR JAY IRELAND DAC</name>
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        <name>VOLT LLC</name>
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        <name>TOWD POINT MORTGAGE TRUST</name>
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        <name>FOUNDATION FINANCE TRUST</name>
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        <name>BPR TRUST</name>
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        <name>LEHMAN MORTGAGE TRUST</name>
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        <name>ONDECK ASSET SECURITIZATION TRUST LLC</name>
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        <name>MISSION LANE CREDIT CARD MASTER TRUST</name>
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        <name>FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HILTON GRAND VACATIONS TRUST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMM MORTGAGE TRUST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MVW OWNER TRUST</name>
        <lei>N/A</lei>
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        <name>OHA CREDIT FUNDING LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>MASTR ALTERNATIVE LOAN TR</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HORIZON AIRCRAFT FINANCE I LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SANTANDER BANK, N.A.</name>
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          <isin value="US80290CAL81"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AUXILIOR TERM FUNDING LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLLEGE AVE STUDENT LOANS LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CGCCRE COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US12528PAP71"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ACCELERATED ASSETS LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CGCCRE COMMERCIAL MORTGAGE TRUST</name>
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        <name>BPR TRUST</name>
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        <name>SECURITIZED TERM AUTO RECEIVABLES TRUST</name>
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        <name>FALCON AEROSPACE LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MAPS LTD</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>720 EAST CLO LTD</name>
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      <invstOrSec>
        <name>UBS COMMERCIAL MORTGAGE TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WFRBS COMMERCIAL MORTGAGE TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>SUNNOVA HELIOS ISSUER LLC</name>
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          <isin value="US86745CAA09"/>
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        <name>COUNTRYWIDE HOME LOANS INC</name>
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          <isin value="US12669FM838"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SUNNOVA ENERGY CORP 2018-1</name>
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        <name>PALMER SQUARE CLO</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CITIGROUP MORTGAGE LOAN TRUST INC</name>
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          <isin value="US17307GTL22"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>AASET TRUST</name>
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        <title>AASET 2018-2 US LTD AASET 2018-2A C</title>
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          <isin value="US04546KAC27"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>MASTR ALTERNATIVE LOAN TR</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>NYMT LOAN TRUST</name>
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          <isin value="US67119RAC16"/>
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        <name>BANC OF AMERICA FUNDING CORPORATION</name>
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        <name>MASTR ALTERNATIVE LOAN TR</name>
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        <name>37 CAPITAL CLO LTD</name>
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        <name>FORA FINANCIAL ASSET SECURITIZATION LLC</name>
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        <name>N/A</name>
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        <name>STREAM INNOVATIONS ISSUER TRUST</name>
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        <name>GS MORTGAGE SECURITIES CORPORATION TRUST</name>
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        <name>GS MORTGAGE SECURITIES TRUST</name>
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        <name>OCTANE RECEIVABLES TRUST</name>
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        <name>MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AVIS BUDGET RENTAL CAR FUNDING</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WAVE LLC</name>
        <lei>N/A</lei>
        <title>WAVE 2019-1 LLC WAAV 2019-1 C</title>
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          <isin value="US94354KAC45"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST</name>
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        <title>DEUTSCHE MORTGAGE SEC INC MORT LOAN TR SER 2004-1 DMSI 2004-1 3A5</title>
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          <isin value="US251563CA87"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITIGROUP COMMERCIAL MORTGAGE TRUST</name>
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          <isin value="US17322MAA45"/>
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          <couponKind>Floating</couponKind>
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        <name>BENCHMARK MORTGAGE TRUST</name>
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        <title>BENCHMARK 2021-B31 MORTGAGE TRUST BMARK 2021-B31 A5</title>
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          <isin value="US08163MAE75"/>
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        <balance>1000000.00000000</balance>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.66900000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMPASS DATACENTER ISSUER II LLC</name>
        <lei>N/A</lei>
        <title>COMPASS DATACENTERS ISSUER II LLC CMPDC 2024-2A A1</title>
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        <identifiers>
          <isin value="US20469AAD19"/>
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        <balance>940000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.02200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BANK AUTO CREDIT-LINKED NOTES</name>
        <lei>N/A</lei>
        <title>HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 20 HACLN 2024-1 C</title>
        <cusip>44644NAC3</cusip>
        <identifiers>
          <isin value="US44644NAC39"/>
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        <balance>321957.79000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323052.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.50039840</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SARM 2005-14 A1</title>
        <cusip>863579TM0</cusip>
        <identifiers>
          <isin value="US863579TM05"/>
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        <balance>2613795.20000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <title>JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2011-C3 C</title>
        <cusip>46635TAX0</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>FALCON AEROSPACE LIMITED</name>
        <lei>N/A</lei>
        <title>FALCON 2019-1 AEROSPACE LTD FLCON 2019-1 C</title>
        <cusip>30610GAC7</cusip>
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          <isin value="US30610GAC78"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65600000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>HARBOUR AIRCRAFT INVESTMENTS LTD HAIL 2017-1 C</title>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>GS MORTGAGE SECURITIES TRUST</name>
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        <title>GS MORTGAGE SECURITIES TRUST 2013-GC13 GSMS 2013-GC13 C</title>
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          <isin value="US36198EAY14"/>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MILL CITY MORTGAGE LOAN TRUST</name>
        <lei>N/A</lei>
        <title>MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 MCMLT 2021-NMR1 M3</title>
        <cusip>59982HAL4</cusip>
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          <isin value="US59982HAL42"/>
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      <invstOrSec>
        <name>WELLS FARGO COMMERCIAL MORTGAGE TRUST</name>
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        <title>WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 WFRBS 2012-C10 C</title>
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          <isin value="US92890NAY58"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PRPM LLC</name>
        <lei>N/A</lei>
        <title>PRPM 2024-2 LLC PRPM 2024-2 A1</title>
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          <isin value="US74448BAA89"/>
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        <balance>1040976.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1043134.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.02600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNNOVA HELIOS ISSUER LLC</name>
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        <name>CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)</name>
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        <name>RAPTOR AIRCRAFT FINANCE LIMITED</name>
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        <name>LABRADOR AVIATION FIN LTD SER 2016</name>
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        <name>CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)</name>
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        <name>MERCURY FINANCIAL CREDIT CARD MASTER TRUST</name>
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        <name>N/A</name>
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        <name>GS MORTGAGE SECURITIES TRUST</name>
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        <name>INDYMAC INDX MORTGAGE LOAN TRUST</name>
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        <title>INDYMAC INDX MORTGAGE LOAN TRUST 2004-AR6 INDX 2004-AR6 4A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MASTR ADJUSTABLE RATE MORTGAGE TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORTIVA PRIVATE LABEL CREDIT CARD</name>
        <lei>N/A</lei>
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          <isin value="US34962AAX00"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRST INVESTORS AUTO OWNER TRUST</name>
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        <title>FIRST INVESTORS AUTO OWNER TRUST 2021-1 FIAOT 2021-1A E</title>
        <cusip>32059FAJ8</cusip>
        <identifiers>
          <isin value="US32059FAJ84"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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      <invstOrSec>
        <name>TOWD POINT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>TOWD POINT MORTGAGE TRUST 2019-2 TPMT 2019-2 M1</title>
        <cusip>89177JAC2</cusip>
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          <isin value="US89177JAC27"/>
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        <balance>890000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST</name>
        <lei>N/A</lei>
        <title>MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV C</title>
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          <isin value="US553514AL44"/>
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        <balance>830000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS MORTGAGE SECURITIES CORPORATION TRUST</name>
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        <cusip>36197VAA6</cusip>
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          <isin value="US36197VAA61"/>
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        <balance>1005000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.66781680</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIERRA TIMESHARE RECEIVABLES FUNDING LLC</name>
        <lei>N/A</lei>
        <title>SIERRA TIMESHARE 2024-1 RECEIVABLES FUNDING LLC SRFC 2024-1A D</title>
        <cusip>826935AD0</cusip>
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          <isin value="US826935AD03"/>
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        <balance>554386.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>566540.23000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.02000000</annualizedRt>
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      <invstOrSec>
        <name>CITIGROUP MORTGAGE LOAN TRUST INC</name>
        <lei>N/A</lei>
        <title>CITIGROUP MORTGAGE LOAN TRUST 2019-RP1 CMLTI 2019-RP1 M3</title>
        <cusip>17327RAD2</cusip>
        <identifiers>
          <isin value="US17327RAD26"/>
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        <balance>1005000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TIC HOME IMPROVEMENT TRUST</name>
        <lei>N/A</lei>
        <title>TIC HOME IMPROVEMENT TRUST 2024-A TIC 2024-A C</title>
        <cusip>87252DAC7</cusip>
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          <isin value="US87252DAC74"/>
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        <balance>1145000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>11.73000000</annualizedRt>
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      <invstOrSec>
        <name>CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)</name>
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          <isin value="US12667FMX05"/>
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        <balance>148275.07000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
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          <isin value="US14687WAF77"/>
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      <invstOrSec>
        <name>SEACUBE CONTAINER CLIF</name>
        <lei>N/A</lei>
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          <isin value="US12563LAT44"/>
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      <invstOrSec>
        <name>MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST</name>
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          <isin value="US553514AN00"/>
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        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST</name>
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        <name>ZIPLY FIBER ISSUER, LLC</name>
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        <name>SUNNOVA HELIOS ISSUER LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MARINER FINANCE ISSUANCE TRUST</name>
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      <invstOrSec>
        <name>BHG SECURITIZATION TRUST</name>
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          <isin value="US08862HAE27"/>
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      <invstOrSec>
        <name>CAL FUNDING LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SUNRUN DEMETER ISSUER LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TEXTAINER MARINE CONTAINERS LIMITED</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>THUNDERBOLT AIRCRAFT LEASE LIMITED</name>
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          <isin value="US88607AAB52"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VSTRONG AUTO RECEIVABLES TRUST</name>
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          <isin value="US92920CAJ62"/>
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        <name>NEW RESIDENTIAL MORTGAGE LOAN TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>BHG SECURITIZATION TRUST</name>
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        <name>WFRBS COMMERCIAL MORTGAGE TRUST 2012-C7</name>
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        <name>AASET TRUST</name>
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        <name>MASTR ALTERNATIVE LOAN TR</name>
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        <name>EVERBRIGHT SOLAR TRUST</name>
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        <name>SANTANDER BANK, N.A.</name>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>HARBOUR AIRCRAFT INVESTMENTS LTD HAIL 2017-1 A</title>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>PALMER SQUARE CLO</name>
        <lei>N/A</lei>
        <title>PALMER SQUARE CLO 2019-1 LTD PLMRS 2019-1A CR</title>
        <cusip>69700GAQ5</cusip>
        <identifiers>
          <isin value="US69700GAQ55"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989199.00000000</valUSD>
        <pctVal>0.242546656213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.62963120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>THE ADVISORS' INNER CIRCLE FUND</ncom:nameOfApplicant>
      <ncom:signature>Andrew Metzger</ncom:signature>
      <ncom:signerName>Andrew Metzger</ncom:signerName>
      <ncom:title>Treasurer, Controller and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
