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      </invstOrSec>
      <invstOrSec>
        <name>Bausch &amp; Lomb Corporation</name>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santander Drive Auto Receivabl</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PetsMart LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-11</maturityDt>
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      <invstOrSec>
        <name>GLOBAL MARINE INC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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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>2031-02-28</maturityDt>
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      <invstOrSec>
        <name>S&amp;S Holdings LLC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.32340000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hanesbrands Inc</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.07162000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Evergreen AcqCo 1 LP</name>
        <lei>549300F6POVHG3ME8T95</lei>
        <title>EVERGREEN ACQCO 1 LP</title>
        <cusip>30015FAG1</cusip>
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          <isin value="US30015FAG19"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>GRAN TIERRA ENERGY INC</name>
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        <title>Gran Tierra Energy 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>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</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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        <name>CNT Holdings I Corp</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Embecta Corp</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-30</maturityDt>
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        <name>Titan Acquisition Limited</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ontario Gaming Gta Ltd Partnership</name>
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        <invCountry>CA</invCountry>
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        <name>ABG Intermediate Holdings 2 LLC</name>
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        <title>ABG INTERMEDIATE HLDGS 2</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>United Natural Foods Inc</name>
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        <title>UNITED NATURAL FOODS INC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>TK Elevator Midco Gmbh</name>
        <lei>549300C2AFWPAYWS5574</lei>
        <title>TK ELEVATOR US NEWCO INC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Amneal Pharmaceuticals LLC</name>
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        <name>Project Alpha Intermediate Holding Inc</name>
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        <name>First Student Bidco Inc</name>
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        <name>Peraton Corp</name>
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        <name>Sinclair Television Group Inc</name>
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        <name>Fortress Intermediate 3 Inc.</name>
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        <name>Wilsonart LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WH Borrower LLC</name>
        <lei>2549009H920CQUE3R944</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-12</maturityDt>
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      <invstOrSec>
        <name>Hotwire Funding LLC</name>
        <lei>254900ZCO90MCT7Y9348</lei>
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        <balance>750000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-20</maturityDt>
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      <invstOrSec>
        <name>Owens &amp; Minor Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>Owens &amp; Minor Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-29</maturityDt>
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        <name>MajorDrive Holdings IV LLC</name>
        <lei>25490044R1FR5N8FIT62</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1</name>
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          <isin value="US80286QAC33"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Fertitta Entertainment LLC</name>
        <lei>984500A0805D8V551D35</lei>
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          <isin value="US31556PAB31"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-27</maturityDt>
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        <name>Delta Air Lines Inc</name>
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        <title>SkyMiles IP Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREEDOM MORTGAGE HOLD</name>
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        <title>Freedom Mortgage Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>1261229 BC Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Cloud Software Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Veritiv Operating Co</name>
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        <name>Quikrete Holdings Inc</name>
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        <name>Arsenal Aic Parent LLC</name>
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        <name>EMPIRE COMMUNITIES CORP</name>
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        <title>Empire Communities Corp</title>
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        <name>Sunrise HoldCo III BV (f/k/a UPC Broadband Holding BV)</name>
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        <title>SUNRISE FINANCING PARTNERSH</title>
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        <invCountry>US</invCountry>
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        <name>Cimpress PLC</name>
        <lei>549300X1IFD75XISOR81</lei>
        <title>CIMPRESS PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-17</maturityDt>
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      <invstOrSec>
        <name>JEFFERSON CAPITAL HOLDIN</name>
        <lei>N/A</lei>
        <title>JEFFERSON CAPITAL HOLDINGS LLC</title>
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          <other otherDesc="SEDOL" value="BPJK3Y0"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>302010.00000000</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>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Altice Financing SA</name>
        <lei>549300DIYGW8HVDF7Q17</lei>
        <title>Altice Financing SA</title>
        <cusip>000000000</cusip>
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          <isin value="XAL0178UAM89"/>
          <other otherDesc="INTERNAL" value="BL4063485"/>
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        <balance>1103380.80000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>903117.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-31</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cloud Software Group Inc</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>CLOUD SOFTWARE GROUP INC</title>
        <cusip>88632NBE9</cusip>
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          <isin value="US88632NBE94"/>
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        <balance>316880.81000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313712.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.04917000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Wand NewCo 3 Inc</name>
        <lei>549300Y3VZEWMSQW8494</lei>
        <title>WAND NEWCO 3 INC</title>
        <cusip>93369PAM6</cusip>
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          <isin value="US93369PAM68"/>
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        <balance>1013225.91000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000844.29000000</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>2031-01-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.82162000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Adtalem Global Education Inc</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>ADTALEM GLOBAL EDUCATION</title>
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          <isin value="US00737RAH30"/>
          <other otherDesc="INTERNAL" value="BL4741288"/>
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        <balance>605434.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606570.08000000</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>2028-08-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.07162000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Focus Financial Partners LLC</name>
        <lei>5493007L0E0VKRC2CP39</lei>
        <title>FOCUS FINANCIAL PARTNERS LLC</title>
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          <isin value="US34416DBD93"/>
          <other otherDesc="INTERNAL" value="BL4985935"/>
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        <balance>998750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>988023.43000000</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>2031-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Leia Finco US LLC</name>
        <lei>N/A</lei>
        <title>LEIA FINCO US LLC</title>
        <cusip>52526CAD1</cusip>
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          <isin value="US52526CAD11"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1197850.00000000</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>2032-10-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.45759000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Greystar Real Estate Partners, LLC</name>
        <lei>254900HGC806SXAS4M46</lei>
        <title>GREYSTAR REAL ES 08/21/30</title>
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          <isin value="US39806LAD91"/>
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        <balance>985068.66000000</balance>
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        <curCd>USD</curCd>
        <valUSD>981374.65000000</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>2030-08-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.07006000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Victra Holdings LLC aka LSF9 Atlantis Holdings LLC</name>
        <lei>549300KWDYQKQSF0MQ18</lei>
        <title>VICTRA HOLDINGS LLC</title>
        <cusip>50226BAM0</cusip>
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          <isin value="US50226BAM00"/>
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        <balance>962812.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>939945.70000000</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>2029-03-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.54917000</annualizedRt>
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        <name>Nexus Buyer LLC</name>
        <lei>254900PILSANV8WOOF24</lei>
        <title>Nexus Buyer LLC</title>
        <cusip>65343UAE2</cusip>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296688.00000000</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>2029-11-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.67327000</annualizedRt>
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      <invstOrSec>
        <name>Whatabrands LLC</name>
        <lei>254900HMMX4HTWIP0085</lei>
        <title>WHATABRANDS LLC</title>
        <cusip>96244UAJ6</cusip>
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        <curCd>USD</curCd>
        <valUSD>962821.84000000</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>2028-08-03</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>CPPIB OVM MEMBER US LLC</name>
        <lei>N/A</lei>
        <title>CPPIB OVM MEMBER US LLC</title>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-20</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Advantage Sales &amp; Marketing Inc</name>
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        <title>ADVANTAGE SALES &amp; MARKETING</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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        <name>NEWCO HOLDING USD SARL</name>
        <lei>N/A</lei>
        <title>NewCo Holding USD 20 Sarl</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-07</maturityDt>
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        <name>STATE STREET GLOBAL MARKETS, LLC</name>
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        <title>CAD/USD FORWARD</title>
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        <invCountry>US</invCountry>
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        <name>CSC Holdings LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC Holdings LLC</title>
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        <balance>483112.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>466172.23000000</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>2027-04-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Lightning Power, LLC</name>
        <lei>254900BWCHJ03XRL8K59</lei>
        <title>LIGHTNING POWER LLC</title>
        <cusip>53229LAB3</cusip>
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          <other otherDesc="INTERNAL" value="BL4978583"/>
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        <balance>980075.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>979310.54000000</valUSD>
        <pctVal>0.784831887628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-18</maturityDt>
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          <annualizedRt>6.54917000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Truist Insurance Holdings, LLC</name>
        <lei>N/A</lei>
        <title>TRUIST INSURANCE HOLDING</title>
        <cusip>89788VAE2</cusip>
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          <isin value="US89788VAE20"/>
          <other otherDesc="INTERNAL" value="BL4597110"/>
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        <balance>184210.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184141.45000000</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>2032-05-06</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.04917000</annualizedRt>
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      <invstOrSec>
        <name>Asurion LLC</name>
        <lei>549300KNQVXGIOXWK278</lei>
        <title>Asurion LLC</title>
        <cusip>04649VBA7</cusip>
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          <isin value="US04649VBA70"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322437.50000000</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>2029-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.68610000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Student Bidco Inc</name>
        <lei>2549006DRO2F06AA1391</lei>
        <title>FIRST STUDENT BI 07/21/28</title>
        <cusip>33718FAK6</cusip>
        <identifiers>
          <isin value="US33718FAK66"/>
          <other otherDesc="INTERNAL" value="BL4843019"/>
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        <balance>638528.58000000</balance>
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        <curCd>USD</curCd>
        <valUSD>636683.23000000</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>2028-07-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.79917000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Virgin Media Bristol LLC</name>
        <lei>213800IQ982XX69LE276</lei>
        <title>Virgin Media Bristol LLC</title>
        <cusip>000000000</cusip>
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          <isin value="XAG9368PBH64"/>
          <other otherDesc="INTERNAL" value="BL4208296"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>486987.50000000</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>2031-03-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.37300000</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>
        <name>ARD FINANCE SA</name>
        <lei>6354006P6QPGGPVJW880</lei>
        <title>ARD Finance SA</title>
        <cusip>00191AAD8</cusip>
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          <isin value="US00191AAD81"/>
          <other otherDesc="SEDOL" value="BK9PBG8"/>
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        <balance>518125.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16778.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2</name>
        <lei>N/A</lei>
        <title>SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2</title>
        <cusip>80287MAD9</cusip>
        <identifiers>
          <isin value="US80287MAD92"/>
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        <balance>21.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>364728.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICAHN ENTERPRISES/FIN</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP / Icahn Enterprises Finance Corp</title>
        <cusip>451102BZ9</cusip>
        <identifiers>
          <isin value="US451102BZ91"/>
          <other otherDesc="SEDOL" value="BLGSGV7"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>640968.26000000</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>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goat Holdco LLC</name>
        <lei>N/A</lei>
        <title>GOAT HOLDCO LLC</title>
        <cusip>38021CAC2</cusip>
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          <isin value="US38021CAC29"/>
          <other otherDesc="INTERNAL" value="BL4795524"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>838737.50000000</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>2032-01-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.32006000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fortrea Holdings Inc.</name>
        <lei>5493000FIVFABOVCDU97</lei>
        <title>FORTREA INC</title>
        <cusip>34965PAD8</cusip>
        <identifiers>
          <isin value="US34965PAD87"/>
          <other otherDesc="INTERNAL" value="BL4294593"/>
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        <balance>172829.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158354.64000000</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>2030-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.07162000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harbor Freight Tools USA Inc</name>
        <lei>549300Y48HLCFTTB4249</lei>
        <title>HARBOR FREIGHT TOOLS USA INC</title>
        <cusip>41151PAR6</cusip>
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          <isin value="US41151PAR64"/>
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        <balance>521062.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>486422.27000000</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>2031-06-11</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.82162000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WaterBridge Midstream Operating LLC</name>
        <lei>549300DVU86VSP486341</lei>
        <title>WATERBRIDGE MIDSTREAM OPERATING LLC</title>
        <cusip>94120XAF2</cusip>
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          <isin value="US94120XAF24"/>
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        <balance>1244410.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1191865.59000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-27</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>B&amp;G FOODS INC</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods Inc</title>
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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>2028-09-15</maturityDt>
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        <name>Naked Juice LLC</name>
        <lei>549300Y5TU1XQ1KVLJ64</lei>
        <title>Naked Juice LLC</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-24</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Third Coast Infrastructure LLC</name>
        <lei>5493006R4EN78GPJ4M96</lei>
        <title>THIRD COAST INFRASTRUCTU</title>
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          <isin value="US88412KAC62"/>
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        <balance>1242187.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1217343.75000000</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>2030-09-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Rocket Software Inc</name>
        <lei>549300PVG26ISP5X1556</lei>
        <title>ROCKET SOFTWARE INC</title>
        <cusip>77313DAW1</cusip>
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          <isin value="US77313DAW11"/>
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        <curCd>USD</curCd>
        <valUSD>455219.27000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.57162000</annualizedRt>
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      <invstOrSec>
        <name>Jump Financial LLC</name>
        <lei>N/A</lei>
        <title>JUMP FINANCIAL LLC</title>
        <cusip>48138UAC1</cusip>
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          <isin value="US48138UAC18"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1198500.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.54917000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Cologix Data Centers Issuer LL</name>
        <lei>N/A</lei>
        <title>Cologix Canadian Issuer LP</title>
        <cusip>19521DAN1</cusip>
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          <isin value="CA19521DAN18"/>
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        <balance>400000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>PointClickCare Technologies Inc</name>
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        <name>Nexus Buyer LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C</name>
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        <name>McGraw-Hill Education Inc</name>
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        <name>Transdigm Inc</name>
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        <name>Icon Parent I Inc</name>
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        <name>Emg Utica Midstream Holdings LLC</name>
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        <name>American Airlines Inc</name>
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        <name>Jefferies Finance LLC</name>
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        <name>M6 Etx Holdings Ii Midco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AthenaHealth Group Inc</name>
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        <name>FRONTERA ENERGY CORP</name>
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        <name>SAKS GLOBAL ENTERPRISES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Journey Personal Care Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EMRLD Borrower LP</name>
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        <name>Highline AfterMarket Acquisition LLC</name>
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        <name>Iridium Satellite LLC</name>
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        <name>MH Sub I LLC</name>
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        <name>Pitney Bowes Inc</name>
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        <name>HUB International Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BMC Software (Boxer/ Bladelogic)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AssuredPartners Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sotera Health Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US Silica Company</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Truist Insurance Holdings, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clarios Global LP</name>
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        <name>Madison Iaq LLC</name>
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        <name>Modena Buyer LLC</name>
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        <name>SCIH SALT HOLDINGS INC</name>
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        <name>American Axle &amp; Manufacturing Inc</name>
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        <name>Grifols Worldwide Operations USA Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alpha Generation LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WestJet Loyalty LP</name>
        <lei>N/A</lei>
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        <assetCat>LON</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-14</maturityDt>
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      <invstOrSec>
        <name>American Airlines Inc</name>
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        <curCd>USD</curCd>
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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>2029-06-04</maturityDt>
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      <invstOrSec>
        <name>Amentum Holdings LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-29</maturityDt>
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        <name>Driven Holdings LLC</name>
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        <title>Driven Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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        <name>SURGE ENERGY INC</name>
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        <title>Surge Energy Inc</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-05</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Lc Ahab Us Bidco LLC</name>
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        <title>LC AHAB US BIDCO LLC</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Asurion LLC</name>
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        <title>Asurion LLC</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-23</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Star Parent Inc</name>
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        <title>STAR PARENT INC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PRIME HEALTHCARE SERVICE</name>
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        <title>Prime Healthcare Services Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PAYDEN CASH RESERVES MONEY MARKET</name>
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        <name>MIDCAP FINANCIAL ISSR TR</name>
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        <title>Midcap Financial Issuer Trust</title>
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        <name>Spirit Aerosystems Inc</name>
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        <name>MH Sub I LLC</name>
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        <name>Queen Mergerco, Inc</name>
        <lei>N/A</lei>
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        <name>Sandisk Corporation</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Eco Material Technologies Inc.</name>
        <lei>2549001ARPX05UHXX452</lei>
        <title>ECO MATERIAL TECH INC</title>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>595500.00000000</valUSD>
        <pctVal>0.477241252895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.46660000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-23</ncom:dateSigned>
      <ncom:nameOfApplicant>PAYDEN &amp; RYGEL INVESTMENT GROUP</ncom:nameOfApplicant>
      <ncom:signature>Sandi Brents</ncom:signature>
      <ncom:signerName>Sandi Brents</ncom:signerName>
      <ncom:title>Compliance Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
