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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENCORA INC</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
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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>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>549300CRPUKFOJKGAT02</lei>
        <title>Apidos CLO XXXIX Ltd</title>
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          <isin value="US03766HAU41"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001169.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-21</maturityDt>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>254900SXYQWBYZA9L226</lei>
        <title>Apidos Clo LIV</title>
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          <isin value="US03771RAE18"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-20</maturityDt>
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      <invstOrSec>
        <name>Apidos CLO</name>
        <lei>254900RY0DIULNU6MI81</lei>
        <title>Apidos Clo Lvii</title>
        <cusip>03790TAA2</cusip>
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          <isin value="US03790TAA25"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>549300BC3E2Y44TL8536</lei>
        <title>Ares LXXVII CLO Ltd</title>
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          <isin value="US03990KAC53"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.27300000</annualizedRt>
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      <invstOrSec>
        <name>ARES CAPITAL CORP</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>549300BC3E2Y44TL8536</lei>
        <title>ARES LX CLO LTD</title>
        <cusip>04018FAN8</cusip>
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          <isin value="US04018FAN87"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1992354.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.97500000</annualizedRt>
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      <invstOrSec>
        <name>ARI Fleet Lease Trust</name>
        <lei>N/A</lei>
        <title>ARI Fleet Lease Trust 2026-A</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>AUTOZONE INC</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
        <title>AutoZone Inc</title>
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        <balance>2610000.00000000</balance>
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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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
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        <title>Avis Budget Rental Car Funding AESOP LLC</title>
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        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <title>Avolon Holdings Funding Ltd</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>BGC GROUP INC</name>
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        <title>BGC Group Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
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        <cusip>05619TAC2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust 2025-ARIA</title>
        <cusip>05619TAE8</cusip>
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        <name>Bain Capital Credit CLO, Limited</name>
        <lei>254900YJBP8866ZPO033</lei>
        <title>Bain Capital Credit CLO 2021-4 Ltd</title>
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        <balance>2000000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Ballyrock Ltd</name>
        <lei>254900GXTF670X967J67</lei>
        <title>Ballyrock CLO 14 Ltd</title>
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        <balance>2000000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
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          <isin value="US05964HAU95"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4069826.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BANK OF NOVA SCOTIA</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/The</title>
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          <isin value="US06418JAA97"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bank</name>
        <lei>549300664283JRAXM588</lei>
        <title>BANK 2019-BNK24</title>
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          <isin value="US06540VBB09"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3287073.65000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Bank5</name>
        <lei>N/A</lei>
        <title>BANK5 2026-5YR20</title>
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          <isin value="US06650JAG31"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2014765.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10400000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738ECT0</cusip>
        <identifiers>
          <isin value="US06738ECT01"/>
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        <balance>1018000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1019761.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.83700000</annualizedRt>
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      <invstOrSec>
        <name>Barclays Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Barclays Mortgage Loan Trust 2021-NQM1</title>
        <cusip>06744UAC5</cusip>
        <identifiers>
          <isin value="US06744UAC53"/>
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        <balance>775454.03000000</balance>
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        <curCd>USD</curCd>
        <valUSD>710808.38000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.98400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAYER US FINANCE II LLC</name>
        <lei>529900XWNEXYNJ3X6T40</lei>
        <title>Bayer US Finance II LLC</title>
        <cusip>07274NAL7</cusip>
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          <isin value="US07274NAL73"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1483963.10000000</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>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark 2026-V20 Mortgage Trust</title>
        <cusip>08164KAW0</cusip>
        <identifiers>
          <isin value="US08164KAW09"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1515274.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18400000</annualizedRt>
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      <invstOrSec>
        <name>BLACKSTONE PRIVATE CRE</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>Blackstone Private Credit Fund</title>
        <cusip>09261HBC0</cusip>
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          <isin value="US09261HBC07"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1547638.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>549300NUS8PQQUZMPR50</lei>
        <title>BlueMountain Fuji US Clo II Ltd</title>
        <cusip>09629EAC5</cusip>
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          <isin value="US09629EAC57"/>
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        <balance>1126419.92000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1126449.21000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Bluemountain CLO Ltd</name>
        <lei>549300NUS8PQQUZMPR50</lei>
        <title>BlueMountain CLO XXVI Ltd</title>
        <cusip>09630GAY9</cusip>
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          <isin value="US09630GAY98"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BORGWARNER INC</name>
        <lei>549300DSFX2IE88NSX47</lei>
        <title>BorgWarner Inc</title>
        <cusip>099724AP1</cusip>
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        <balance>1680000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Bayview Opportunity Master Fund VII</name>
        <lei>254900S53K9VTUR1UX42</lei>
        <title>BVCLN 2026-CRD1 LLC</title>
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          <isin value="US124290AC11"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2026-CSMO</title>
        <cusip>12433LAA3</cusip>
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          <isin value="US12433LAA35"/>
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        <balance>3500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BXP Trust 2017-CQHP</title>
        <cusip>12433QAA2</cusip>
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          <isin value="US12433QAA22"/>
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        <balance>502735.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>487331.07000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CENT Trust</name>
        <lei>N/A</lei>
        <title>CENT 2025-CITY</title>
        <cusip>12517TAA5</cusip>
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          <isin value="US12517TAA51"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-10</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>2549005S1LQJ8MBPXW05</lei>
        <title>CIFC Funding 2025-IV Ltd</title>
        <cusip>12575MAC5</cusip>
        <identifiers>
          <isin value="US12575MAC55"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>954610.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-24</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMM Mortgage Trust</name>
        <lei>5493004GWEVMOU8S3L34</lei>
        <title>COMM 2013-CCRE6 Mortgage Trust</title>
        <cusip>12624XAP3</cusip>
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          <isin value="US12624XAP33"/>
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        <balance>1461100.88000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>549300C2HE5FJAWYZL57</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLT Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CPS Auto Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CPS Auto Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAMPBELLS COMPANY/THE</name>
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        <title>Campbell's Company/The</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
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        <balance>1940000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Captree Park CLO Ltd</name>
        <lei>254900T5FZQKDOCWVD69</lei>
        <title>Captree Park CLO Ltd</title>
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          <isin value="US14074EAQ44"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Captree Park CLO Ltd</name>
        <lei>254900T5FZQKDOCWVD69</lei>
        <title>Captree Park CLO Ltd</title>
        <cusip>14074EAU5</cusip>
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          <isin value="US14074EAU55"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1000000.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CarMax Select Receivables Trust</name>
        <lei>N/A</lei>
        <title>CarMax Select Receivables Trust 2026-A</title>
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          <isin value="US142929AE85"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CarMax Select Receivables Trust</name>
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        <balance>1520000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle Global Market Strategies</name>
        <lei>5493000C19IMTVUCMB96</lei>
        <title>Carlyle Global Market Strategies CLO 2016-3 Ltd</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Carvana Auto Receivables Trust</name>
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        <title>Carvana Auto Receivables Trust 2022-P3</title>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>DWS</name>
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        <name>CCG Receivables Trust</name>
        <lei>N/A</lei>
        <title>CCG Receivables Trust 2026-1</title>
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        <name>Chase Auto Owner Trust</name>
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        <name>Chase Auto Owner Trust</name>
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        <title>Chase Auto Owner Trust 2025-2</title>
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        <name>Cherry Securitization Trust</name>
        <lei>N/A</lei>
        <title>Cherry Securitization Trust 2026-1</title>
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        <curCd>USD</curCd>
        <valUSD>1400065.24000000</valUSD>
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        <assetCat>ABS-O</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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      <invstOrSec>
        <name>COLT Funding LLC</name>
        <lei>2138001HZNOLT1K3WY73</lei>
        <title>COLT 2021-2 Mortgage Loan Trust</title>
        <cusip>19685WAC5</cusip>
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          <isin value="US19685WAC55"/>
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        <balance>1332495.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1147192.34000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-08-25</maturityDt>
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      <invstOrSec>
        <name>COLT Funding LLC</name>
        <lei>21380069FFOP8RZNF423</lei>
        <title>COLT Funding LLC</title>
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        <balance>130741.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121068.90000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>1.25700000</annualizedRt>
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      <invstOrSec>
        <name>COLT Funding LLC</name>
        <lei>2138001HZNOLT1K3WY73</lei>
        <title>COLT 2021-1 Mortgage Loan Trust</title>
        <cusip>19688EAB4</cusip>
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          <isin value="US19688EAB48"/>
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        <balance>377713.75000000</balance>
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        <curCd>USD</curCd>
        <valUSD>328554.15000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.16700000</annualizedRt>
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      <invstOrSec>
        <name>COLT Funding LLC</name>
        <lei>2138001HZNOLT1K3WY73</lei>
        <title>COLT 2021-HX1 Mortgage Loan Trust</title>
        <cusip>19688KAB0</cusip>
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          <isin value="US19688KAB08"/>
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        <balance>985722.91000000</balance>
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        <curCd>USD</curCd>
        <valUSD>850907.95000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.34800000</annualizedRt>
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      <invstOrSec>
        <name>COLUMBIA PIPELINE HOLDCO</name>
        <lei>N/A</lei>
        <title>Columbia Pipelines Holding Co LLC</title>
        <cusip>19828AAA5</cusip>
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          <isin value="US19828AAA51"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Compass Datacenters Issuer III, LLC</name>
        <lei>N/A</lei>
        <title>Compass Datacenters Issuer III LLC</title>
        <cusip>20469BAD9</cusip>
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          <isin value="US20469BAD91"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.28600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONCENTRIX CORP</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>Concentrix Corp</title>
        <cusip>20602DAA9</cusip>
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          <isin value="US20602DAA90"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549826.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CONCENTRIX CORP</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>Concentrix Corp</title>
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          <isin value="US20602DAB73"/>
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        <balance>4000000.00000000</balance>
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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>
        <debtSec>
          <maturityDt>2028-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>549300Z5THZ1JXIHVK60</lei>
        <title>Fannie Mae Connecticut Avenue Securities</title>
        <cusip>20753YCK6</cusip>
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          <isin value="US20753YCK64"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>549300Z5THZ1JXIHVK60</lei>
        <title>Fannie Mae Connecticut Avenue Securities</title>
        <cusip>20754AAB9</cusip>
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          <isin value="US20754AAB98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-25</maturityDt>
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      <invstOrSec>
        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-11</maturityDt>
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      <invstOrSec>
        <name>Crossroads Asset Trust</name>
        <lei>N/A</lei>
        <title>Crossroads Asset Trust 2025-A</title>
        <cusip>22767VAB4</cusip>
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        <balance>910008.31000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>CROWN CASTLE INC</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DB Master Finance LLC</name>
        <lei>549300F17UZJL70BPB08</lei>
        <title>DB Master Finance LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>DTE ENERGY CO</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co</title>
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        <balance>1219000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>DXC TECHNOLOGY CO</name>
        <lei>549300DOVZ3EDJB7O259</lei>
        <title>DXC Technology Co</title>
        <cusip>23355LAL0</cusip>
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        <balance>2580000.00000000</balance>
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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>2026-09-15</maturityDt>
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          <annualizedRt>1.80000000</annualizedRt>
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        <name>DAIMLER TRUCK FINAN NA</name>
        <lei>5493003HSDTSCZRXBA58</lei>
        <title>Daimler Truck Finance North America LLC</title>
        <cusip>233853AF7</cusip>
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        <balance>1600000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIAMONDBACK ENERGY INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dominos Pizza Master Issuer LLC</name>
        <lei>N/A</lei>
        <title>Domino's Pizza Master Issuer LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>549300KI3ILQQHC87U86</lei>
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          <isin value="US26243EAP60"/>
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        <balance>877251.16000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
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          <isin value="US26252QAS12"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>549300KI3ILQQHC87U86</lei>
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          <isin value="US26253BAQ77"/>
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        <balance>2775000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>ELARA HGV TIMESHARE ISSUER</name>
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        <title>Elara HGV Timeshare Issuer 2023-A LLC</title>
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          <isin value="US28415AAC18"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elmwood CLO 29 Ltd</name>
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        <cusip>289913AR6</cusip>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2006074.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Elmwood CLO VI Ltd</name>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.18800000</annualizedRt>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
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        <title>Empower CLO 2023-1 Ltd</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>ENEL FINANCE INTL NV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ESSENT GROUP LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Evergreen Credit Card Trust</name>
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        <name>EVERSOURCE ENERGY</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multifamily Structured Pass Through Certificates</title>
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        <curCd>USD</curCd>
        <valUSD>8367.26000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
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        <name>Freddie Mac - STACR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GCAT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage-Backed Securities Trust</name>
        <lei>25490038RWR4AJZ5B524</lei>
        <title>GS Mortgage-Backed Securities Trust 2020-NQM1</title>
        <cusip>36259WAB7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Receivables Trust</name>
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        <balance>2500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Receivables Trust</name>
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        <name>Galaxy CLO Ltd</name>
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        <title>Galaxy 32 CLO Ltd</title>
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        <invCountry>KY</invCountry>
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        <name>GENERAL MOTORS FINL CO</name>
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        <title>General Motors Financial Co Inc</title>
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        <name>GLOBAL PAYMENTS INC</name>
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        <name>GOLDMAN SACHS BDC INC</name>
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        <title>Goldman Sachs BDC Inc</title>
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        <name>Golub Capital Partners CLO, LTD</name>
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        <title>Golub Capital Partners CLO 58B-R Ltd</title>
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        <name>GoodLeap Home Improvement Solutions Trust</name>
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        <title>GoodLeap Home Improvement Solutions Trust 2026-1</title>
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        <name>HCA INC</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-12</maturityDt>
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      <invstOrSec>
        <name>HEICO CORP</name>
        <lei>529900O1DTDLCJ7L0I14</lei>
        <title>HEICO Corp</title>
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          <isin value="US422806AA75"/>
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        <balance>2970000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HELMERICH &amp; PAYNE INC</name>
        <lei>254900NAOGHJ88RZ4C73</lei>
        <title>Helmerich &amp; Payne Inc</title>
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          <isin value="US423452AL51"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HELMERICH &amp; PAYNE INC</name>
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          <isin value="US423452AM35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HP ENTERPRISE CO</name>
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        <title>Hewlett Packard Enterprise Co</title>
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          <isin value="US42824CBR97"/>
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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>2026-09-25</maturityDt>
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      <invstOrSec>
        <name>HPEFS Equipment Trust</name>
        <lei>N/A</lei>
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          <isin value="US442927AE99"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>The Huntington National Bank</name>
        <lei>N/A</lei>
        <title>Huntington Bank Auto Credit-Linked Notes Series 2025-2</title>
        <cusip>44644NAN9</cusip>
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          <isin value="US44644NAN93"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-20</maturityDt>
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      <invstOrSec>
        <name>The Huntington National Bank</name>
        <lei>N/A</lei>
        <title>Huntington Bank Auto Credit-Linked Notes Series 2026-1</title>
        <cusip>44644NAV1</cusip>
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          <isin value="US44644NAV10"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HUNTSMAN INTERNATIONAL L</name>
        <lei>3YTEJFW18LGIUQ2N5J61</lei>
        <title>Huntsman International LLC</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>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-24</maturityDt>
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      <invstOrSec>
        <name>ICON INVESTMENTS SIX DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>Icon Investments Six DAC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILPT Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>ILPT Commercial Mortgage Trust 2025-LPF2</title>
        <cusip>451955AE8</cusip>
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      <invstOrSec>
        <name>Imperial Fund LLC</name>
        <lei>N/A</lei>
        <title>Imperial Fund Mortgage Trust 2021-NQM2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Imperial Fund LLC</name>
        <lei>N/A</lei>
        <title>Imperial Fund Mortgage Trust 2021-NQM1</title>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Sec Trust</name>
        <lei>N/A</lei>
        <title>JPMCC Commercial Mortgage Securities Trust 2019-COR5</title>
        <cusip>46591EAS6</cusip>
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          <maturityDt>2052-06-13</maturityDt>
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      <invstOrSec>
        <name>Chase Mortgage Finance Corporation</name>
        <lei>529900A7SLLSJMEDIN80</lei>
        <title>JPMorgan Chase Bank NA - CHASE</title>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust 2016-C4</title>
        <cusip>46646RAN3</cusip>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Sec Trust</name>
        <lei>N/A</lei>
        <title>J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>529900371ZWA9WXVGB88</lei>
        <title>JP Morgan Mortgage Trust 2022-3</title>
        <cusip>46654UAV7</cusip>
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        <balance>1480623.97000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>JACKSON NATL LIFE GLOBAL</name>
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        <title>Jackson National Life Global Funding</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JEFFERIES FIN GROUP INC</name>
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        <title>Jefferies Financial Group Inc</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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      <invstOrSec>
        <name>Jersey Mikes Funding LLC</name>
        <lei>N/A</lei>
        <title>Jersey Mike's Funding</title>
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          <isin value="US476681AE10"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>KKR Financial CLO Ltd</name>
        <lei>2549008R44IN2IU2DG62</lei>
        <title>KKR CLO 45a Ltd</title>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>KFC HLD/PIZZA HUT/TACO</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KYNDRYL HOLDINGS INC</name>
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        <title>Kyndryl Holdings Inc</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LAS VEGAS SANDS CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LLOYDS BANKING GROUP PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MFRA Trust</name>
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        <title>MFA 2021-INV1 Trust</title>
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        <lei>2549007EHG79GWD49I44</lei>
        <title>MFA 2021-NQM2 Trust</title>
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        <name>MFRA Trust</name>
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        <name>MVW Owner Trust</name>
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        <name>MVW Owner Trust</name>
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        <assetCat>ABS-O</assetCat>
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      <invstOrSec>
        <name>MVW 2020-1 LLC</name>
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        <debtSec>
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      <invstOrSec>
        <name>MVW 2020-1 LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MVW Owner Trust</name>
        <lei>N/A</lei>
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        <cusip>55400XAB3</cusip>
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          <isin value="US55400XAB38"/>
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        <curCd>USD</curCd>
        <valUSD>959164.05000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MACQUARIE GROUP LTD</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd</title>
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          <isin value="US55607PAE51"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-23</maturityDt>
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      <invstOrSec>
        <name>MACQUARIE BANK LTD</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
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          <isin value="US55608PBQ63"/>
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        <balance>1950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1959039.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.39100000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Manhattan West</name>
        <lei>N/A</lei>
        <title>Manhattan West 2020-1MW Mortgage Trust</title>
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          <isin value="US563136AA85"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MARRIOTT INTERNATIONAL</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International Inc/MD</title>
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          <isin value="US571903BM43"/>
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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>2026-09-15</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>MARRIOTT INTERNATIONAL</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International Inc/MD</title>
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          <isin value="US571903BP73"/>
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        <balance>1960000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>MetroNet Infrastructure Issuer LLC</name>
        <lei>5493000BIROCAEATAQ61</lei>
        <title>MetroNet Infrastructure Issuer LLC</title>
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          <isin value="US59170JBK34"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-20</maturityDt>
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      <invstOrSec>
        <name>MICROCHIP TECHNOLOGY INC</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>Microchip Technology Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Mission Lane Credit Card Master Trust</name>
        <lei>N/A</lei>
        <title>Mission Lane Credit Card Master Trust</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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        <name>Mission Lane Credit Card Master Trust</name>
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          <maturityDt>2031-09-15</maturityDt>
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      <invstOrSec>
        <name>Mission Lane Credit Card Master Trust</name>
        <lei>N/A</lei>
        <title>Mission Lane Credit Card Master Trust</title>
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        <name>MOBILITY GLOBAL INC</name>
        <lei>2549005RG02MFEFPS959</lei>
        <title>Mobility Global Inc</title>
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        <name>MOSAIC CO</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>Mosaic Co/The</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mosaic Solar Loans LLC</name>
        <lei>549300ZLA8SW2SVJMN33</lei>
        <title>Mosaic Solar Loan Trust 2020-1</title>
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      <invstOrSec>
        <name>MTN Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MTN Commercial Mortgage Trust 2026-LPFX</title>
        <cusip>624944AC8</cusip>
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        <balance>741000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
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        <name>NXP BV/NXP FDG/NXP USA</name>
        <lei>724500RKKW4NOJ9YQF60</lei>
        <title>NXP BV / NXP Funding LLC / NXP USA Inc</title>
        <cusip>62954HBE7</cusip>
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        <balance>1370000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC</title>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NATWEST MARKETS PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
        <title>NatWest Markets PLC</title>
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          <isin value="US63906YAH18"/>
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        <balance>2090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2109737.75000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300BQ0WQMX5H5TS32</lei>
        <title>Neuberger Berman Loan Advisers CLO 45 Ltd</title>
        <cusip>64134MAJ5</cusip>
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          <isin value="US64134MAJ53"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-14</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>NRZ Excess Spread Collateralized Notes</name>
        <lei>N/A</lei>
        <title>NRZ Excess Spread-Collateralized Notes</title>
        <cusip>65246QAA7</cusip>
        <identifiers>
          <isin value="US65246QAA76"/>
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        <balance>642609.93000000</balance>
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        <curCd>USD</curCd>
        <valUSD>636934.01000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NISSAN MOTOR ACCEPTANCE</name>
        <lei>7D6DIU2QXTUJRFNNJA49</lei>
        <title>Nissan Motor Acceptance Co LLC</title>
        <cusip>65480CAE5</cusip>
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          <isin value="US65480CAE57"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>741551.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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      <invstOrSec>
        <name>OCCU Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>OCCU Auto Receivables Trust 2025-1</title>
        <cusip>67098SAB6</cusip>
        <identifiers>
          <isin value="US67098SAB60"/>
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        <balance>566813.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567472.45000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.82000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>25490028U8Y2XMZWXO46</lei>
        <title>OCP CLO Ltd</title>
        <cusip>671026BC5</cusip>
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          <isin value="US671026BC52"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1101107.70000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.38000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>O'REILLY AUTOMOTIVE INC</name>
        <lei>549300K2RLMQL149Q332</lei>
        <title>O'Reilly Automotive Inc</title>
        <cusip>67103HAM9</cusip>
        <identifiers>
          <isin value="US67103HAM97"/>
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        <balance>2420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2430205.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
        <lei>254900U83NJDV6PRP726</lei>
        <title>Oaktree CLO 2022-1 Ltd</title>
        <cusip>67402LAN6</cusip>
        <identifiers>
          <isin value="US67402LAN64"/>
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        <balance>1333000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1334818.21000000</valUSD>
        <pctVal>0.169237709711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.04300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>One New York Plaza Trust 2020-1NYP</name>
        <lei>N/A</lei>
        <title>One New York Plaza Trust 2020-1NYP</title>
        <cusip>68249DAC3</cusip>
        <identifiers>
          <isin value="US68249DAC39"/>
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        <balance>2378000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2305173.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.99000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palmer Square CLO Ltd</name>
        <lei>549300EYS8N79JYSXL17</lei>
        <title>Palmer Square CLO 2025-4 Ltd</title>
        <cusip>696916AA3</cusip>
        <identifiers>
          <isin value="US696916AA30"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001568.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.94500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEAC Solutions Receivables LLC</name>
        <lei>N/A</lei>
        <title>PEAC Solutions Receivables 2026-1 LLC</title>
        <cusip>704583AB9</cusip>
        <identifiers>
          <isin value="US704583AB90"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2991994.50000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.27000000</annualizedRt>
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      <invstOrSec>
        <name>PENSKE TRUCK LEASING/PTL</name>
        <lei>N/A</lei>
        <title>Penske Truck Leasing Co Lp / PTL Finance Corp</title>
        <cusip>709599BN3</cusip>
        <identifiers>
          <isin value="US709599BN39"/>
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        <balance>1960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1956486.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pikes Peak CLO</name>
        <lei>213800AO7LGLGDRRY278</lei>
        <title>Pikes Peak CLO 14 2023 Ltd</title>
        <cusip>72134CAQ4</cusip>
        <identifiers>
          <isin value="US72134CAQ42"/>
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        <balance>1473440.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1477889.79000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.42500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Point Broadband Funding LLC</name>
        <lei>N/A</lei>
        <title>Point Broadband Funding LLC</title>
        <cusip>73052AAC5</cusip>
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          <isin value="US73052AAC53"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>994836.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.33600000</annualizedRt>
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      <invstOrSec>
        <name>QDOBA Funding LLC</name>
        <lei>N/A</lei>
        <title>Qdoba Funding LLC</title>
        <cusip>746954AC0</cusip>
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          <isin value="US746954AC00"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500695.66000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.69900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QUEST DIAGNOSTICS INC</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>Quest Diagnostics Inc</title>
        <cusip>74834LBE9</cusip>
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          <isin value="US74834LBE92"/>
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        <balance>1132000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1134201.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RLJ LODGING TRUST LP</name>
        <lei>549300RX5I8Z6I6LDZ74</lei>
        <title>RLJ Lodging Trust LP</title>
        <cusip>74965LAA9</cusip>
        <identifiers>
          <isin value="US74965LAA98"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240000.00000000</valUSD>
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        <name>ROCC Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RKTL</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Regatta 34 Funding Ltd.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RR Ltd</name>
        <lei>549300V317BEVFPNAZ66</lei>
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      <invstOrSec>
        <name>RYDER SYSTEM INC</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SESAC Finance, LLC</name>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Starwood Commercial Mortgage Trust</name>
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        <title>STWD 2021-LIH Mortgage Trust</title>
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          <isin value="US78486EAJ73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Santander Bank Auto Credit-Linked Notes</name>
        <lei>N/A</lei>
        <title>Santander Bank Auto Credit-Linked Notes Series 2026-A</title>
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          <isin value="US80290CDA99"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAUDI ARABIAN OIL CO</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil Co</title>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sculptor CLO Ltd</name>
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        <title>Sculptor CLO XXVI Ltd</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Securitized Term Auto Receivables Trust</name>
        <lei>254900DVX7EZK9JMUP63</lei>
        <title>Securitized Term Auto Receivables Trust 2025-B</title>
        <cusip>81378WAB9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Securitized Term Auto Receivables Trust</name>
        <lei>254900DVX7EZK9JMUP63</lei>
        <title>Securitized Term Auto Receivables Trust</title>
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        <name>Sequoia Mortgage Trust</name>
        <lei>549300671OK77JNRLK28</lei>
        <title>Sequoia Mortgage Trust 2026-MED1</title>
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          <isin value="US816940AD23"/>
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        <name>Sequoia Mortgage Trust</name>
        <lei>549300671OK77JNRLK28</lei>
        <title>Sequoia Mortgage Trust 2026-7</title>
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        <name>Service Experts Issuer</name>
        <lei>N/A</lei>
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        <name>Servpro Master Issuer, LLC</name>
        <lei>N/A</lei>
        <title>SERVPRO Master Issuer LLC</title>
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        <balance>179100.00000000</balance>
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        <name>SOUTH BOW USA INFRA HLDS</name>
        <lei>254900Z1WAY7QFQ7O850</lei>
        <title>South Bow USA Infrastructure Holdings LLC</title>
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        <balance>1373000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sixth Street CLO LTD.</name>
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          <isin value="US83013BAC00"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-17</maturityDt>
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      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STARWOOD PROPERTY TRUST</name>
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      <invstOrSec>
        <name>Starwood Mortgage Residential Trust 2020-INV1</name>
        <lei>N/A</lei>
        <title>Starwood Mortgage Residential Trust 2020-INV</title>
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          <isin value="US85573EAC12"/>
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        <curCd>USD</curCd>
        <valUSD>101450.61000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-25</maturityDt>
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      <invstOrSec>
        <name>SWEDBANK AB</name>
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        <title>Swedbank AB</title>
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          <isin value="US87020PAX50"/>
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        <curCd>USD</curCd>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Taco Bell Funding, LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUMISHO AIR LEASE CORP</name>
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        <title>Sumisho Air Lease Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEVA PHARMACEUTICAL INDU</name>
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        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Debt Capital CLO, Ltd</name>
        <lei>N/A</lei>
        <title>Texas Debt Capital CLO 2023-I Ltd</title>
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          <isin value="US88238CAE21"/>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Debt Capital CLO, Ltd</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490010CSYSAQU59J50</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Bank Auto Credit-Linked Notes</name>
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        <title>Truist Bank Auto Credit-Linked Notes Series 2026-1</title>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>UPG HI Issuer Trust</name>
        <lei>N/A</lei>
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        <name>U.S. Bank National Association</name>
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        <title>US Bank C&amp;I Credit-Linked Notes Series 2025-2</title>
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        <name>U.S. Bank National Association</name>
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        <name>U.S. Bank National Association</name>
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      <invstOrSec>
        <name>United Auto Credit Securitization Trust</name>
        <lei>N/A</lei>
        <title>United Auto Credit Securitization Trust 2026-1</title>
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      </invstOrSec>
      <invstOrSec>
        <name>WRKCO INC</name>
        <lei>549300JEB576INN13W07</lei>
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        <balance>4000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WHARF Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Western Alliance Bank</name>
        <lei>SI7YQSVPFZBSQ878IC17</lei>
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          <isin value="US95763PGT21"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Western Alliance Bank</name>
        <lei>SI7YQSVPFZBSQ878IC17</lei>
        <title>Western Alliance Bank</title>
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          <isin value="US95763PNC13"/>
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        <curCd>USD</curCd>
        <valUSD>1298231.42000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WHISTLER PIPELINE LLC</name>
        <lei>549300NG57SGLTNW5C85</lei>
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          <isin value="US96337RAB87"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WORKDAY INC</name>
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        <title>Workday Inc</title>
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          <isin value="US98138HAG65"/>
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        <balance>1430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1419665.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>DWS</name>
        <lei>5493003GD84DGSXJ7618</lei>
        <title>DWS Central Cash Management Government Fund</title>
        <cusip>25160K306</cusip>
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          <isin value="US25160K3068"/>
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        <balance>85143970.90000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85143970.90000000</valUSD>
        <pctVal>10.79515586685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zais Matrix CDO I</name>
        <lei>549300PRQCSTFU7VEI08</lei>
        <title>Zais Clo 18 Ltd</title>
        <cusip>98885NAS2</cusip>
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          <isin value="US98885NAS27"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999934.00000000</valUSD>
        <pctVal>0.253565801843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.98700000</annualizedRt>
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      <invstOrSec>
        <name>Zayo Issuer LLC</name>
        <lei>N/A</lei>
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        <cusip>98919WAG8</cusip>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <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>Barclays Bank PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Long: BDWGB0685 TRS USD R F  1.00000 BDWGB0693 COMMODITYTRS / Short: BDWGB0685 TRS USD P F   .11000 BDWGB06A0 COMMODITYTRS</title>
        <cusip>000000000</cusip>
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        <balance>37789000.00000000</balance>
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      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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      <invstOrSec>
        <name>Barclays Bank PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Long: BDWGB0701 TRS USD R F  1.00000 BDWGB0719 COMMODITYTRS / Short: BDWGB0701 TRS USD P F   .28000 BDWGB0727 COMMODITYTRS</title>
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      <invstOrSec>
        <name>Barclays Bank PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>Long: BDWGB07G6 TRS USD R F  1.00000 BDWGB07H4 COMMODITYTRS / Short: BDWGB07G6 TRS USD P F   .40000 BDWGB07J0 COMMODITYTRS</title>
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        <name>Macquarie Bank Ltd.</name>
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        <name>Goldman Sachs &amp; Co. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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      <invstOrSec>
        <name>Citibank NA</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
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      <invstOrSec>
        <name>Merrill Lynch International</name>
        <lei>GGDZP1UYGU9STUHRDP48</lei>
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        <name>UBS AG</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
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        <name>JPMorgan Chase Bank NA</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
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        <name>Macquarie Bank Ltd.</name>
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                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>1000.00000000</shareNo>
            <exercisePrice>105.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-10-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2712000.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures Europe</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>CRUDE OIL OPT IPE DEC26C 95</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01JNTZ6L3"/>
        </identifiers>
        <balance>-1800.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2394000.00000000</valUSD>
        <pctVal>-0.30352828124</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>ICE Futures Europe</counterpartyName>
              <counterpartyLei>549300UF4R84F48NCH34</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>ICE Futures Europe</counterpartyName>
                    <counterpartyLei>549300UF4R84F48NCH34</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>ICE Futures Europe</name>
                    <lei>549300UF4R84F48NCH34</lei>
                    <title>ICE Brent Crude Oil Futures</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="Internal Identifier" value="ADI29YCY8E"/>
                    </identifiers>
                    <balance>1800.00000000</balance>
                    <units>NC</units>
                    <curCd>N/A</curCd>
                    <valUSD>-2394000.00000000</valUSD>
                    <pctVal>-0.30000000</pctVal>
                    <assetCat>DCO</assetCat>
                    <issuerConditional desc="derivative" issuerCat="OTHER"/>
                    <invCountry>US</invCountry>
                  </derivAddlInfo>
                  <payOffProf>Long</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>ICE Brent Crude Oil</indexName>
                      <indexIdentifier>COZ6 Comdty</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2026-12-30</expDate>
                  <notionalAmt>1800.00000000</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>1000.00000000</shareNo>
            <exercisePrice>95.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-10-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3870000.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <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." noteItem="B.5.a"/>
      <explntrNote note="Please see notes to financial statements or N-PORT part F for a glossary of swap paid and received terms." noteItem="C.11.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-23</ncom:dateSigned>
      <ncom:nameOfApplicant>DEUTSCHE DWS SECURITIES TRUST</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
