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        <name>ARDONAGH FINCO LTD</name>
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        <title>Ardonagh Finco Ltd</title>
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      <invstOrSec>
        <name>COMMSCOPE LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APPLIED SYSTEMS INC</name>
        <lei>549300NSKGF0SY5SWQ62</lei>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BLOCK INC</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
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      <invstOrSec>
        <name>NABORS INDUSTRIES INC</name>
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        <title>Nabors Industries Inc</title>
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          <isin value="US62957HAQ83"/>
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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>2031-08-15</maturityDt>
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      <invstOrSec>
        <name>CLARIOS GLOBAL LP/US FIN</name>
        <lei>N/A</lei>
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          <isin value="US18060TAD72"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN INC</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>PENNYMAC FIN SVCS INC</name>
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        <title>PennyMac Financial Services Inc</title>
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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>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CONSOLIDATED COMMUNICATI</name>
        <lei>549300WW675Y48HDVX34</lei>
        <title>Consolidated Communications Inc</title>
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          <isin value="US20903XAF06"/>
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        <balance>32991000.00000000</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>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>CHS/COMMUNITY HEALTH SYS</name>
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        <title>CHS/Community Health Systems Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCOSA INC</name>
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        <title>Arcosa Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RADIOLOGY PARTNERS INC</name>
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        <title>Radiology Partners Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ARSENAL AIC PARENT LLC</name>
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        <name>ROCKET COS INC</name>
        <lei>N/A</lei>
        <title>Rocket Cos Inc</title>
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        <name>PANTHER ESCROW ISSUER</name>
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        <name>VOYAGER PARENT LLC</name>
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        <title>Voyager Parent LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MSILF Government Portfolio</name>
        <lei>549300BI6Y5SI6BYPB26</lei>
        <title>MSILF Government Portfolio</title>
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          <ticker value="MVRXX"/>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SEALED AIR/SEALED AIR US</name>
        <lei>N/A</lei>
        <title>Sealed Air Corp/Sealed Air Corp US</title>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm Inc</title>
        <cusip>893647BS5</cusip>
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          <isin value="US893647BS53"/>
          <other otherDesc="SEDOL" value="BRF2P71"/>
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        <balance>24815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25765483.98000000</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>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RAVEN ACQUISITION HOLDIN</name>
        <lei>N/A</lei>
        <title>Raven Acquisition Holdings LLC</title>
        <cusip>75420NAA1</cusip>
        <identifiers>
          <isin value="US75420NAA19"/>
          <other otherDesc="SEDOL" value="BT9NKJ1"/>
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        <balance>10235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10261018.39000000</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>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>2549003HLFPQ7ATPYA23</lei>
        <title>OCP Clo 2019-17 Ltd</title>
        <cusip>67113MAG9</cusip>
        <identifiers>
          <isin value="US67113MAG96"/>
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        <balance>3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3193366.40000000</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>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.51947000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Studio City International Hold</name>
        <lei>N/A</lei>
        <title>Studio City International Holdings Ltd</title>
        <cusip>86389T106</cusip>
        <identifiers>
          <isin value="US86389T1060"/>
          <ticker value="MSC"/>
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        <balance>1795294.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5700058.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sculptor CLO Ltd</name>
        <lei>254900DQL0NUJRDUYA65</lei>
        <title>Sculptor Clo Xxxiii Ltd</title>
        <cusip>810926AJ4</cusip>
        <identifiers>
          <isin value="US810926AJ44"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1499571.00000000</valUSD>
        <pctVal>0.065826433426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.66947000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>2549009NE3IA6DAH4G62</lei>
        <title>Ballyrock CLO 18 Ltd</title>
        <cusip>05875XAE8</cusip>
        <identifiers>
          <isin value="US05875XAE85"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2891250.00000000</valUSD>
        <pctVal>0.126916748619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.97090000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZF NA CAPITAL</name>
        <lei>529900JYGMS9CW9IQX78</lei>
        <title>ZF North America Capital Inc</title>
        <cusip>98877DAF2</cusip>
        <identifiers>
          <isin value="US98877DAF24"/>
          <other otherDesc="SEDOL" value="BSLQMW8"/>
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        <balance>12960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12461931.65000000</valUSD>
        <pctVal>0.547039462701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NUSTAR LOGISTICS LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
        <cusip>67059TAF2</cusip>
        <identifiers>
          <isin value="US67059TAF21"/>
          <other otherDesc="SEDOL" value="BK6J2V5"/>
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        <balance>10678000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10725239.47000000</valUSD>
        <pctVal>0.470804157958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>720 East CLO Ltd.</name>
        <lei>N/A</lei>
        <title>720 East CLO 2022-I Ltd</title>
        <cusip>81785CAE4</cusip>
        <identifiers>
          <isin value="US81785CAE49"/>
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        <balance>2800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2763376.00000000</valUSD>
        <pctVal>0.121303483660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.16947000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEAGATE HDD CAYMAN</name>
        <lei>529900BD50TRWEG1SF63</lei>
        <title>Seagate HDD Cayman</title>
        <cusip>81180WAN1</cusip>
        <identifiers>
          <isin value="US81180WAN11"/>
          <other otherDesc="SEDOL" value="BD6RKV6"/>
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        <balance>8560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8478966.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETSMART INC/PETSMART FI</name>
        <lei>N/A</lei>
        <title>PetSmart Inc / PetSmart Finance Corp</title>
        <cusip>71677KAB4</cusip>
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          <isin value="US71677KAB44"/>
          <other otherDesc="SEDOL" value="BMTN6F0"/>
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        <balance>24396000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23730528.35000000</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>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</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>
      <invstOrSec>
        <name>Sabine Oil &amp; Gas Holdings Inc</name>
        <lei>N/A</lei>
        <title>Sabine Oil &amp; Gas Holdings Inc</title>
        <cusip>78532M104</cusip>
        <identifiers>
          <isin value="US78532M1045"/>
          <ticker value="SABN"/>
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        <balance>5385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6670.90000000</valUSD>
        <pctVal>0.000292831452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLYNN RESTAURANT GROUP</name>
        <lei>5493008VE8TQONGO3817</lei>
        <title>FLYNN RESTAURANT GROUP LP</title>
        <cusip>34410JAG6</cusip>
        <identifiers>
          <isin value="US34410JAG67"/>
          <other otherDesc="INTERNAL" value="BL4939437"/>
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        <balance>7104195.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7104195.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.07680000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wellfleet CLO Ltd</name>
        <lei>N/A</lei>
        <title>Wellfleet CLO 2022-1 Ltd</title>
        <cusip>94950UAE6</cusip>
        <identifiers>
          <isin value="US94950UAE64"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2402262.50000000</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>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.00610000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG Inc</title>
        <cusip>92332YAD3</cusip>
        <identifiers>
          <isin value="US92332YAD31"/>
          <other otherDesc="SEDOL" value="BQ99C69"/>
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        <balance>17015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18386204.82000000</valUSD>
        <pctVal>0.807096354588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Aimco</name>
        <lei>2549005IX0D6XDJNNS95</lei>
        <title>AIMCO CLO 18 Ltd</title>
        <cusip>00889FAG7</cusip>
        <identifiers>
          <isin value="US00889FAG72"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>851952.45000000</valUSD>
        <pctVal>0.037398023322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.76947000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INEOS US PETROCHEM LLC</name>
        <lei>N/A</lei>
        <title>INEOS US PETROCHEM LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG4770MAN48"/>
          <other otherDesc="INTERNAL" value="BL4766400"/>
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        <balance>6513675.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5943728.44000000</valUSD>
        <pctVal>0.260910916828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.57680000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIESTA PURCHASER INC</name>
        <lei>N/A</lei>
        <title>Fiesta Purchaser Inc</title>
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        <name>Carlyle Global Market Strategi</name>
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        <name>LIGHT &amp; WONDER INTL INC</name>
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        <name>Palmer Square CLO Ltd</name>
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        <name>FORTRESS TRANS &amp; INFRAST</name>
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        <name>SNAP INC</name>
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        <name>CHS/COMMUNITY HEALTH SYS</name>
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        <name>VISTRA CORP</name>
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        <name>AVIS BUDGET CAR/FINANCE</name>
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        <name>JONES DESLAURIERS INSURA</name>
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        <name>CSC HOLDINGS LLC</name>
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        <name>Silver Point CLO, Ltd</name>
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        <name>XPLR INFRAST OPERATING</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bear Mountain Park CLO, Ltd</name>
        <lei>N/A</lei>
        <title>Bear Mountain Park CLO Ltd</title>
        <cusip>07403KAE3</cusip>
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          <isin value="US07403KAE38"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-15</maturityDt>
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      <invstOrSec>
        <name>GOAT HOLDCO LLC</name>
        <lei>N/A</lei>
        <title>Goat Holdco LLC</title>
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          <isin value="US38021MAA45"/>
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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>2032-02-01</maturityDt>
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      <invstOrSec>
        <name>GENESIS ENERGY LP/FIN</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP / Genesis Energy Finance Corp</title>
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          <isin value="US37185LAL62"/>
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        <balance>6520000.00000000</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>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>WHITE CAP BUYER LLC</name>
        <lei>N/A</lei>
        <title>White Cap Buyer LLC</title>
        <cusip>96350RAA2</cusip>
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          <isin value="US96350RAA23"/>
          <other otherDesc="SEDOL" value="BL68NC7"/>
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        <balance>21190000.00000000</balance>
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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>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp</title>
        <cusip>1248EPCS0</cusip>
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          <isin value="US1248EPCS01"/>
          <other otherDesc="SEDOL" value="BN4JB66"/>
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        <balance>24785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25299444.90000000</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZEBRA TECHNOLOGIES CORP</name>
        <lei>PO0I32GKZ3HZMMDPZZ08</lei>
        <title>Zebra Technologies Corp</title>
        <cusip>989207AD7</cusip>
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          <isin value="US989207AD75"/>
          <other otherDesc="SEDOL" value="BS3FNT7"/>
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        <balance>3950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4064360.40000000</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>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Money Management Corp</name>
        <lei>549300ICO4ZE2FVC2Y46</lei>
        <title>AMMC CLO 23 Ltd</title>
        <cusip>00177JBU8</cusip>
        <identifiers>
          <isin value="US00177JBU88"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
        <pctVal>0.087793686896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.77979000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CLOVER HOLDINGS 2 LLC</name>
        <lei>N/A</lei>
        <title>CLOVER HOLDINGS 2 LLC</title>
        <cusip>18914DAC2</cusip>
        <identifiers>
          <isin value="US18914DAC20"/>
          <other otherDesc="INTERNAL" value="BL4796365"/>
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        <balance>14845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15012006.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atlas Senior Loan Fund LTD</name>
        <lei>N/A</lei>
        <title>Atlas Senior Loan Fund XX Ltd</title>
        <cusip>049410AY9</cusip>
        <identifiers>
          <isin value="US049410AY92"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1759936.50000000</valUSD>
        <pctVal>0.077255657019</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.11947000</annualizedRt>
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      <invstOrSec>
        <name>TCW Ltd</name>
        <lei>254900KPK0PRXM6I7271</lei>
        <title>TCW CLO 2022-1 Ltd</title>
        <cusip>871978AE2</cusip>
        <identifiers>
          <isin value="US871978AE22"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004188.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.82202000</annualizedRt>
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      <invstOrSec>
        <name>Elmwood CLO IX Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO IX Ltd</title>
        <cusip>29003VAE7</cusip>
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          <isin value="US29003VAE74"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2465470.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.97166000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUB INTERNATIONAL LTD</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB International Ltd</title>
        <cusip>44332PAH4</cusip>
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          <isin value="US44332PAH47"/>
          <other otherDesc="SEDOL" value="BQKRVC1"/>
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        <balance>5860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6128212.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
        <lei>N/A</lei>
        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
        <cusip>431318AY0</cusip>
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          <isin value="US431318AY04"/>
          <other otherDesc="SEDOL" value="BQ68QK1"/>
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        <balance>24180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23528801.17000000</valUSD>
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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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>CARNIVAL CORP</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp</title>
        <cusip>143658BN1</cusip>
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          <isin value="US143658BN13"/>
          <other otherDesc="SEDOL" value="BMHYR18"/>
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        <balance>5345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5392472.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>AZORRA FINANCE</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>Azorra Finance Ltd</title>
        <cusip>05480AAA3</cusip>
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          <isin value="US05480AAA34"/>
          <other otherDesc="SEDOL" value="BMC8NL7"/>
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        <balance>13970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14579762.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>CONNECT FINCO SARL/CONNE</name>
        <lei>N/A</lei>
        <title>Connect Finco SARL / Connect US Finco LLC</title>
        <cusip>20752TAB0</cusip>
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          <isin value="US20752TAB08"/>
          <other otherDesc="SEDOL" value="BRQPKY1"/>
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        <balance>14985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15080574.33000000</valUSD>
        <pctVal>0.661989610471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>HOWDEN UK REFINANCE / US</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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      <invstOrSec>
        <name>TOUCAN FINCO LTD/CAN/US</name>
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          <isin value="US89157UAA51"/>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLOUD SOFTWARE GRP INC</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group Inc</title>
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          <isin value="US88632QAE35"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>CSC HOLDINGS LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
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          <isin value="US126307BH94"/>
          <other otherDesc="SEDOL" value="BMY0HH5"/>
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        <balance>10380000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>RHP HOTEL PPTY/RHP FINAN</name>
        <lei>N/A</lei>
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          <isin value="US749571AJ42"/>
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        <balance>2390000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>MAUSER PACKAGING SOLUT</name>
        <lei>549300DNGHXL0OMHW304</lei>
        <title>Mauser Packaging Solutions Holding Co</title>
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          <isin value="US57763RAD98"/>
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        <balance>9035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9194395.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05964HBH7</cusip>
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          <isin value="US05964HBH75"/>
          <other otherDesc="SEDOL" value="BP091K8"/>
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        <balance>19200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20330380.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIS INDUSTRIES (ARTSONIG)</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL" value="04317YAXX"/>
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        <balance>19682813.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAY MEDIA INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media Inc</title>
        <cusip>389286AA3</cusip>
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          <isin value="US389286AA34"/>
          <other otherDesc="SEDOL" value="BM93J39"/>
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        <balance>23550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17678895.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>NUSTAR LOGISTICS LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
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          <isin value="US67059TAH86"/>
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        <balance>5697000.00000000</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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        <name>BATH &amp; BODY WORKS INC</name>
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        <title>Bath &amp; Body Works Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NABORS INDUSTRIES INC</name>
        <lei>549300VFQWRKICUFNU92</lei>
        <title>Nabors Industries Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TENNECO INC</name>
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        <title>TENNECO INC</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BBAM US CLO LTD.</name>
        <lei>54930064Z7YZMOXBC128</lei>
        <title>BBAM US CLO III Ltd</title>
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          <isin value="US054972AA25"/>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-15</maturityDt>
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        <name>OUTFRONT MEDIA CAP LLC/C</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ASG WRRNT CORP - COM STK</name>
        <lei>N/A</lei>
        <title>ASG WRRNT CORP - COM STK</title>
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        <invCountry>US</invCountry>
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        <name>LIGHTNING POWER LLC</name>
        <lei>254900BWCHJ03XRL8K59</lei>
        <title>Lightning Power LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
        <lei>254900GU4U8LUX3GA959</lei>
        <title>Invesco US CLO 2024-3 Ltd</title>
        <cusip>46148MAA5</cusip>
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      <invstOrSec>
        <name>SABLE INTL FINANCE LTD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNIVISION COMMUNICATIONS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palmer Square CLO Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCIENTIFIC GAMES HOLDIN</name>
        <lei>549300W5GPFXXB6TQ330</lei>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-04</maturityDt>
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      <invstOrSec>
        <name>Fidelity Government Portfolio</name>
        <lei>549300FQDFZGLUOCWN51</lei>
        <title>Fidelity Government Portfolio</title>
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          <isin value="US3161751082"/>
          <ticker value="FIGXX"/>
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        <issuerCat>RF</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
        <lei>N/A</lei>
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          <isin value="US67402GAG29"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DIRECTV FINANCING LLC</name>
        <lei>N/A</lei>
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        <balance>2530000.00000000</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>2030-02-01</maturityDt>
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      <invstOrSec>
        <name>ROGERS COMMUNICATIONS IN</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-04-15</maturityDt>
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      <invstOrSec>
        <name>HEARTLAND DENTAL LLC</name>
        <lei>5493008FRC0GRKBN1075</lei>
        <title>HEARTLAND DENTAL LLC</title>
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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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      <invstOrSec>
        <name>BRANDYWINE OPER PARTNERS</name>
        <lei>IXBXSCONLDQ1ZI73YU71</lei>
        <title>Brandywine Operating Partnership LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COTIVITI INC</name>
        <lei>254900YAQHVRTG4IFI64</lei>
        <title>COTIVITI INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TCW Ltd</name>
        <lei>N/A</lei>
        <title>TCW CLO 2024-2 Ltd</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KKR Financial CLO Ltd</name>
        <lei>5493007WGG1LNIZXEI24</lei>
        <title>KKR CLO 27 LTD</title>
        <cusip>48254AAG4</cusip>
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        <balance>3450000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
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        <name>SERVICE PROPERTIES TRUST</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761LAE2</cusip>
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          <isin value="US81761LAE20"/>
          <other otherDesc="SEDOL" value="BR4XT17"/>
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        <balance>2500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>S&amp;S HOLDINGS LLC</name>
        <lei>N/A</lei>
        <title>S&amp;S Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CHS/COMMUNITY HEALTH SYS</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc</title>
        <cusip>12543DBJ8</cusip>
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          <other otherDesc="SEDOL" value="BMDMJ98"/>
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        <balance>3555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2837529.90000000</valUSD>
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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>Brookhaven Park CLO Ltd</name>
        <lei>N/A</lei>
        <title>Brookhaven Park CLO LTD</title>
        <cusip>113525AA7</cusip>
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          <isin value="US113525AA70"/>
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        <balance>3500000.00000000</balance>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Carlyle Global Market Strategi</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Clover CLO</name>
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        <name>CERDIA FINANZ GMBH</name>
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        <name>Carlyle Global Market Strategi</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco CLO LTD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABPCI Direct Lending Fund CLO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOODYEAR TIRE &amp; RUBBER</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STANDARD BUILDING SOLUTI</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CBAMR Ltd</name>
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        <balance>3000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRIVIUM PACKAGING FIN</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>Trivium Packaging Finance BV</title>
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        <balance>2560000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>Dryden 109 CLO Ltd</title>
        <cusip>26248LAE0</cusip>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.60610000</annualizedRt>
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      <invstOrSec>
        <name>STS OPERATING INC</name>
        <lei>549300HW5C2VGPZCHL57</lei>
        <title>STS OPERATING INC</title>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BOMBARDIER INC</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>Bombardier Inc</title>
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        <balance>6805000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CIVITAS RESOURCES INC</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
        <lei>549300KMDW0AZOKOC583</lei>
        <title>Barings CLO Ltd 2024-II</title>
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          <isin value="US067937AA05"/>
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        <balance>2100000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CLOUD SOFTWARE GRP INC</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>Cloud Software Group Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-30</maturityDt>
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      <invstOrSec>
        <name>ILIAD HOLDING SAS</name>
        <lei>9695009PXA7OI9NXN582</lei>
        <title>Iliad Holding SASU</title>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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        <name>CALIFORNIA BUYER/ATLANTI</name>
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        <title>California Buyer Ltd / Atlantica Sustainable Infrastructure PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GENESIS ENERGY LP/FIN</name>
        <lei>N/A</lei>
        <title>Genesis Energy LP / Genesis Energy Finance Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>WEATHERFORD INTERNATIONA</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>Weatherford International Ltd</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SM ENERGY CO</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co</title>
        <cusip>78454LAY6</cusip>
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        <name>Aimco</name>
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      <invstOrSec>
        <name>UWM HOLDINGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMSCOPE LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAESARS ENTERTAIN INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>NOVA CHEMICALS CORP</name>
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        <title>NOVA Chemicals Corp</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>N/A</lei>
        <title>Bain Capital Credit CLO 2017-2 Ltd</title>
        <cusip>05682TAG5</cusip>
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          <isin value="US05682TAG58"/>
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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>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-25</maturityDt>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners CLO XII-B Ltd</title>
        <cusip>081918AA2</cusip>
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          <isin value="US081918AA25"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-15</maturityDt>
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      <invstOrSec>
        <name>USALCO LLC</name>
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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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        <name>NEW COTAI EQUITY</name>
        <lei>N/A</lei>
        <title>NEW COTAI EQUITY</title>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2027-02-02</maturityDt>
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        <name>Neuberger Berman CLO Ltd</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-15</maturityDt>
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      <invstOrSec>
        <name>Ballyrock Ltd</name>
        <lei>2549000LY2B016K4LA62</lei>
        <title>Ballyrock CLO 25 Ltd</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empower CLO Ltd.</name>
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        <name>HILCORP ENERGY I/HILCORP</name>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
        <lei>25490047AECQPJIDJC73</lei>
        <title>Barings CLO Ltd 2024-V</title>
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        <name>CLYDESDALE ACQUISITION</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>CLYDESDALE ACQUISITION HOLDINGS INC</title>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-29</maturityDt>
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        <name>CAESARS ENTERTAIN INC</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QXO BUILDING PRODUCTS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHEPLAPHARM ARZNEIMITTEL</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Magnetite CLO Ltd</name>
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        <title>Magnetite Xlv 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>
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          <maturityDt>2038-04-15</maturityDt>
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      <invstOrSec>
        <name>Golub Capital Partners CLO, LT</name>
        <lei>N/A</lei>
        <title>Golub Capital Partners CLO 76 B Ltd</title>
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          <isin value="US38180CAA36"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-25</maturityDt>
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      <invstOrSec>
        <name>RR Ltd</name>
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        <title>RR 28 Ltd</title>
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          <isin value="US74989QAA04"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-04-15</maturityDt>
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      <invstOrSec>
        <name>EG GLOBAL FINANCE PLC</name>
        <lei>549300TL8Q5207VYET27</lei>
        <title>eG Global Finance PLC</title>
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          <isin value="US28228PAC59"/>
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        <balance>2180000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-30</maturityDt>
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          <annualizedRt>12.00000000</annualizedRt>
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      <invstOrSec>
        <name>AMC NETWORKS INC</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks Inc</title>
        <cusip>00164VAG8</cusip>
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        <balance>5730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5944875.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.25000000</annualizedRt>
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        <name>TEREX CORP</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
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        <name>UBS GROUP AG</name>
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        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>PHINIA INC</name>
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        <title>Phinia Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSOCEAN INC</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean Inc</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>QUIKRETE HOLDINGS INC</name>
        <lei>5493007KIN86DIZWZT22</lei>
        <title>Quikrete Holdings Inc</title>
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        <name>AMERIGAS PART/FIN CORP</name>
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        <name>USALCO LLC</name>
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        <name>SIX FLAGS ENT/SIX FLAG</name>
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        <title>Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LIFE TIME INC</name>
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        <title>Life Time Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF MONTREAL</name>
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        <name>CLYDESDALE ACQUISITION</name>
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        <name>ARCHROCK PARTNERS LP/FIN</name>
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        <name>ARCHES BUYER INC</name>
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        <name>OFSI Fund LTD</name>
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        <name>MANITOWOC COMPANY INC</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BATH &amp; BODY WORKS INC</name>
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        <title>Bath &amp; Body Works Inc</title>
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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>ALBION FINANCING 1SARL /</name>
        <lei>N/A</lei>
        <title>Albion Financing 1 SARL / Aggreko Holdings Inc</title>
        <cusip>01330AAA4</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>VENTURE GLOBAL PLAQUE</name>
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        <title>Venture Global Plaquemines LNG LLC</title>
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          <isin value="US922966AB20"/>
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        <balance>7980000.00000000</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>
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          <maturityDt>2035-05-01</maturityDt>
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      <invstOrSec>
        <name>HUB INTERNATIONAL LTD</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB International Ltd</title>
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          <isin value="US44332PAJ03"/>
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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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          <maturityDt>2032-01-31</maturityDt>
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      <invstOrSec>
        <name>STARWOOD PROPERTY TRUST</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust Inc</title>
        <cusip>85571BBD6</cusip>
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          <isin value="US85571BBD64"/>
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        <balance>4116000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEMAIN FINANCE CORP</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp</title>
        <cusip>682691AK6</cusip>
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          <isin value="US682691AK62"/>
          <other otherDesc="SEDOL" value="BNBV7X4"/>
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        <balance>2849000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2953042.63000000</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>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>N/A</lei>
        <title>Benefit Street Partners CLO Ltd</title>
        <cusip>08182EAC6</cusip>
        <identifiers>
          <isin value="US08182EAC66"/>
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        <balance>2185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2139545.45000000</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>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>AVIS BUDGET CAR/FINANCE</name>
        <lei>N/A</lei>
        <title>Avis Budget Car Rental LLC / Avis Budget Finance Inc</title>
        <cusip>053773BE6</cusip>
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          <isin value="US053773BE64"/>
          <other otherDesc="SEDOL" value="BMDXT35"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1547644.02000000</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>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Aimco</name>
        <lei>2549006V0NZR61IYZY19</lei>
        <title>Aimco CLO 19 Ltd</title>
        <cusip>00140JAA7</cusip>
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          <isin value="US00140JAA79"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>UNITI GROUP/CSL CAPITAL</name>
        <lei>N/A</lei>
        <title>Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC</title>
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          <isin value="US91327TAA97"/>
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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>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50000000</annualizedRt>
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      <invstOrSec>
        <name>AGL CLO Ltd.</name>
        <lei>N/A</lei>
        <title>AGL CLO 32 Ltd</title>
        <cusip>00121CAA5</cusip>
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          <isin value="US00121CAA53"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004452.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.01947000</annualizedRt>
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        <name>CUMULUS MEDIA NEW HLDGS</name>
        <lei>5493001D9VBAVY1OKJ46</lei>
        <title>Cumulus Media New Holdings Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cedar Funding Ltd</name>
        <lei>N/A</lei>
        <title>Cedar Funding IX CLO Ltd</title>
        <cusip>15033FAE5</cusip>
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        <invCountry>KY</invCountry>
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        <name>USI INC/NY</name>
        <lei>2549006D7UF7072T7I27</lei>
        <title>USI Inc/NY</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SURGERY CENTER HOLDINGS</name>
        <lei>54930054EVI5HWPPW113</lei>
        <title>Surgery Center Holdings Inc</title>
        <cusip>86881WAF9</cusip>
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        <balance>14265000.00000000</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>
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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Morgan Stanley Eaton Vance CLO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMMSCOPE TECH LLC</name>
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        <title>CommScope Technologies LLC</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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      <invstOrSec>
        <name>ARES CLO Ltd</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-25</maturityDt>
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      <invstOrSec>
        <name>GARRETT MOTION HLD/SARL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
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          <isin value="US06738ECN31"/>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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      <invstOrSec>
        <name>OLYMPUS WTR US HLDG CORP</name>
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        <title>Olympus Water US Holding Corp</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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          <maturityDt>2028-11-15</maturityDt>
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      <invstOrSec>
        <name>MINERAL RESOURCES LTD</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>Mineral Resources Ltd</title>
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          <isin value="US603051AE37"/>
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        <balance>3455000.00000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
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      <invstOrSec>
        <name>Park Blue CLO Ltd</name>
        <lei>N/A</lei>
        <title>Park Blue CLO 2022-1 Ltd</title>
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          <isin value="US699903AG58"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2101827.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Oak Hill Credit</name>
        <lei>2549002MG7GTTY5LHR97</lei>
        <title>OHA Credit Funding 11 Ltd</title>
        <cusip>67116BAG0</cusip>
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          <isin value="US67116BAG05"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2205130.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-19</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>CLYDESDALE ACQUISITION</name>
        <lei>254900QKSDYFR3K5YD98</lei>
        <title>Clydesdale Acquisition Holdings Inc</title>
        <cusip>18972EAB1</cusip>
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          <isin value="US18972EAB11"/>
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        <balance>10040000.00000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHS/COMMUNITY HEALTH SYS</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems Inc</title>
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          <isin value="US12543DBM11"/>
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        <balance>6795000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>JEFFERIES FIN LLC / JFIN</name>
        <lei>N/A</lei>
        <title>Jefferies Finance LLC / JFIN Co-Issuer Corp</title>
        <cusip>47232MAF9</cusip>
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          <isin value="US47232MAF95"/>
          <other otherDesc="SEDOL" value="BP83D39"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>FIESTA PURCHASER INC</name>
        <lei>N/A</lei>
        <title>Fiesta Purchaser Inc</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-03-01</maturityDt>
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        <name>ORGANON &amp; CO/ORGANON FOR</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Oaktree CLO Ltd</name>
        <lei>N/A</lei>
        <title>Oaktree CLO 2019-3 Ltd</title>
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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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        <name>CRESCENT ENERGY FINANCE</name>
        <lei>54930061FUL6DBLFUW14</lei>
        <title>Crescent Energy Finance LLC</title>
        <cusip>45344LAG8</cusip>
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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>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MARITIME FINANCE CO LTD</name>
        <lei>N/A</lei>
        <title>MARITIME FINANCE CO LTD</title>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>559042.75000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
        <lei>N/A</lei>
        <title>Hilcorp Energy I LP / Hilcorp Finance Co</title>
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          <isin value="US431318AZ78"/>
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        <balance>10220000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>AMC NETWORKS INC</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks Inc</title>
        <cusip>00164VAF0</cusip>
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          <isin value="US00164VAF04"/>
          <other otherDesc="SEDOL" value="BLCHH93"/>
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        <balance>12146000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
        <lei>549300I8OP7Y4MO3JF74</lei>
        <title>Barings CLO Ltd 2018-II</title>
        <cusip>06760KAE2</cusip>
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          <isin value="US06760KAE29"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1794304.80000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>USA COM PART/USA COM FIN</name>
        <lei>N/A</lei>
        <title>USA Compression Partners LP / USA Compression Finance Corp</title>
        <cusip>91740PAF5</cusip>
        <identifiers>
          <isin value="US91740PAF53"/>
          <other otherDesc="SEDOL" value="BKWC8B0"/>
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        <balance>8245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8266738.77000000</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>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JEFFERIES FIN LLC / JFIN</name>
        <lei>N/A</lei>
        <title>Jefferies Finance LLC / JFIN Co-Issuer Corp</title>
        <cusip>47232MAG7</cusip>
        <identifiers>
          <isin value="US47232MAG78"/>
          <other otherDesc="SEDOL" value="BS0D9R4"/>
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        <balance>13600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13563645.84000000</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>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Symphony CLO Ltd</name>
        <lei>N/A</lei>
        <title>Symphony CLO 39 Ltd</title>
        <cusip>87169UAE7</cusip>
        <identifiers>
          <isin value="US87169UAE73"/>
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        <balance>3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3747303.75000000</valUSD>
        <pctVal>0.164494806066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.78177000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOMBARDIER INC</name>
        <lei>W7L3VLU8EHQY34Z36697</lei>
        <title>Bombardier Inc</title>
        <cusip>097751CA7</cusip>
        <identifiers>
          <isin value="US097751CA78"/>
          <other otherDesc="SEDOL" value="BQHN2K7"/>
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        <balance>5590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6058604.11000000</valUSD>
        <pctVal>0.265953596130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Financial Square Government Fund</name>
        <lei>549300BRJMXN4GUWZ402</lei>
        <title>Goldman Sachs Financial Square Government Fund</title>
        <cusip>38141W273</cusip>
        <identifiers>
          <isin value="US38141W2733"/>
          <ticker value="FGTXX"/>
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        <balance>12835739.16000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12835739.16000000</valUSD>
        <pctVal>0.563448432447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTRA CORP</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp</title>
        <cusip>92840MAC6</cusip>
        <identifiers>
          <isin value="US92840MAC64"/>
          <other otherDesc="SEDOL" value="BLDBFD4"/>
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        <balance>32965000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33382930.27000000</valUSD>
        <pctVal>1.465405263901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Elmwood CLO 17 Ltd</name>
        <lei>N/A</lei>
        <title>Elmwood CLO 17 Ltd</title>
        <cusip>29003GAE0</cusip>
        <identifiers>
          <isin value="US29003GAE08"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000902.00000000</valUSD>
        <pctVal>0.087833281848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.97979000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VMED O2 UK FINANCING I</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>Vmed O2 UK Financing I PLC</title>
        <cusip>92858RAD2</cusip>
        <identifiers>
          <isin value="US92858RAD26"/>
          <other otherDesc="SEDOL" value="BRSCCC2"/>
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        <balance>11765000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12240270.71000000</valUSD>
        <pctVal>0.537309247119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABPCI Direct Lending Fund CLO</name>
        <lei>N/A</lei>
        <title>ABPCI Direct Lending Fund CLO II LLC</title>
        <cusip>000823BC7</cusip>
        <identifiers>
          <isin value="US000823BC75"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001265.00000000</valUSD>
        <pctVal>0.043952372955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.41947000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOHEGAN TRIBAL / MS DIG</name>
        <lei>N/A</lei>
        <title>Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC</title>
        <cusip>60832QAA8</cusip>
        <identifiers>
          <isin value="US60832QAA85"/>
          <other otherDesc="SEDOL" value="BM9YF23"/>
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        <balance>3226000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3332274.12000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARNIVAL CORP</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp</title>
        <cusip>143658BX9</cusip>
        <identifiers>
          <isin value="US143658BX94"/>
          <other otherDesc="SEDOL" value="BV0YZ47"/>
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        <balance>9330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9551839.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>254900ERHU6RJHYSL744</lei>
        <title>Neuberger Berman Loan Advisers CLO 59 Ltd</title>
        <cusip>640962AL0</cusip>
        <identifiers>
          <isin value="US640962AL04"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1101535.60000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.09678000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSOCEAN INC</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean Inc</title>
        <cusip>893830BZ1</cusip>
        <identifiers>
          <isin value="US893830BZ10"/>
          <other otherDesc="SEDOL" value="BPBSCG7"/>
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        <balance>11185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9993441.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STAPLES INC</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples Inc</title>
        <cusip>855030AQ5</cusip>
        <identifiers>
          <isin value="US855030AQ50"/>
          <other otherDesc="SEDOL" value="BS89C64"/>
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        <balance>13525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12868024.48000000</valUSD>
        <pctVal>0.564865656084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FMG RESOURCES AUG 2006</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG Resources August 2006 Pty Ltd</title>
        <cusip>30251GBD8</cusip>
        <identifiers>
          <isin value="US30251GBD88"/>
          <other otherDesc="SEDOL" value="BNGDD37"/>
        </identifiers>
        <balance>7630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7731280.62000000</valUSD>
        <pctVal>0.339378815029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRIVIUM PACKAGING FIN</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>Trivium Packaging Finance BV</title>
        <cusip>89686QAC0</cusip>
        <identifiers>
          <isin value="US89686QAC06"/>
          <other otherDesc="SEDOL" value="BVF9B61"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2413584.00000000</valUSD>
        <pctVal>0.105948718996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIMPRESS PLC</name>
        <lei>549300X1IFD75XISOR81</lei>
        <title>Cimpress PLC</title>
        <cusip>17186HAH5</cusip>
        <identifiers>
          <isin value="US17186HAH57"/>
          <other otherDesc="SEDOL" value="BS6RHT8"/>
        </identifiers>
        <balance>9505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9084426.56000000</valUSD>
        <pctVal>0.398777650520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sound Point CLO LTD</name>
        <lei>25490031SR8APTVC6E71</lei>
        <title>Sound Point CLO 2025R-1 Ltd</title>
        <cusip>83617HAA1</cusip>
        <identifiers>
          <isin value="US83617HAA14"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1598324.80000000</valUSD>
        <pctVal>0.070161413524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.90199000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMG MEDIA CORPORATION</name>
        <lei>N/A</lei>
        <title>CMG Media Corp</title>
        <cusip>125773AA9</cusip>
        <identifiers>
          <isin value="US125773AA99"/>
          <other otherDesc="SEDOL" value="BNGC538"/>
        </identifiers>
        <balance>14477000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13683129.09000000</valUSD>
        <pctVal>0.600646175543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGNERA CORP</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>Magnera Corp</title>
        <cusip>55939AAA5</cusip>
        <identifiers>
          <isin value="US55939AAA51"/>
          <other otherDesc="SEDOL" value="BT28LY5"/>
        </identifiers>
        <balance>9545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9008332.38000000</valUSD>
        <pctVal>0.395437356213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTMORELAND COAL</name>
        <lei>N/A</lei>
        <title>WESTMORELAND COAL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="999991234"/>
        </identifiers>
        <balance>4238.34000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3178.76000000</valUSD>
        <pctVal>0.000139537530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORESIGHT ENERGY</name>
        <lei>N/A</lei>
        <title>FORESIGHT ENERGY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="FELPNEW"/>
        </identifiers>
        <balance>1117413.64000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2623128.52000000</valUSD>
        <pctVal>0.115147061986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>IVY FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatens</ncom:signature>
      <ncom:signerName>Dan Geatens</ncom:signerName>
      <ncom:title>Division Director - Head of US Fund Administration</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
