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      <invstOrSec>
        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC FUNDING LTD</name>
        <lei>N/A</lei>
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          <isin value="US12551JAL08"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISSAN MOTOR ACCEPTANCE COMPANY LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-28</maturityDt>
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      <invstOrSec>
        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
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        <title>EXETER AUTOMOBILE RECEIVABLES TRUST</title>
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          <isin value="US30165XAE58"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP</title>
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          <isin value="US06051GJU40"/>
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        <balance>500000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-22</maturityDt>
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      <invstOrSec>
        <name>STRATUS CLO LTD.</name>
        <lei>N/A</lei>
        <title>STRATUS CLO 2020 1 LTD</title>
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          <isin value="US863162AC76"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-29</maturityDt>
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          <annualizedRt>1.62400000</annualizedRt>
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      <invstOrSec>
        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
        <title>CARVANA AUTO RECEIVABLES TRUST</title>
        <cusip>14686UAF2</cusip>
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          <isin value="US14686UAF21"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-15</maturityDt>
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          <annualizedRt>3.28000000</annualizedRt>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-10</maturityDt>
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      <invstOrSec>
        <name>VIATRIS INC.</name>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK LIFE GLOBAL FUNDING</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>NEW YORK LIFE GLOBAL FDG</title>
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        <balance>1000000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHASE AUTO CREDIT LINKED NOTES</name>
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        <title>JPMORGAN CHASE BANK NA</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
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        <name>United Airlines Pass Through Trust</name>
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        <title>UNITED AIR 2020 1 B PTT</title>
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        <name>CARVANA AUTO RECEIVABLES TRUST</name>
        <lei>N/A</lei>
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          <isin value="US14687HAA14"/>
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        <name>BERRY GLOBAL, INC.</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>BERRY GLOBAL INC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST</name>
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        <name>AVIS BUDGET RENTAL CAR FUNDING</name>
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        <title>AVIS BUDGET RENTAL CAR FUNDING AESOP LLC</title>
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        <name>THE J. M. SMUCKER COMPANY</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CCG RECEIVABLES TRUST</name>
        <lei>N/A</lei>
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          <isin value="US12510GAC69"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHASE AUTO CREDIT LINKED NOTES</name>
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          <isin value="US46591HBT68"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>WarnerMedia Holdings, Inc.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ENTERGY LOUISIANA, LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ENDURANCE SPECIALTY HOLDINGS LTD.</name>
        <lei>N/A</lei>
        <title>SOMPO INTERNATIONAL HOLDINGS LTD</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>American Airlines Pass Through Trust</name>
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        <name>ALLEGHENY CNTY PA INDL DEV AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <name>AUSTIN FAIRMONT HOTEL TRUST</name>
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        <name>Deutsche Bank AG (New York Branch)</name>
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        <name>Blackstone Private Credit Fund</name>
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        <name>AVOLON HOLDINGS FUNDING LIMITED</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>AVOLON HOLDINGS FNDG LTD</title>
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        <invCountry>KY</invCountry>

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        <name>JPMORGAN CHASE &amp; CO.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LLOYDS BANKING GROUP PLC</name>
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        <name>STANDARD CHARTERED PLC</name>
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        <name>Skandinaviska Enskilda Banken AB</name>
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        <name>NATWEST MARKETS PLC</name>
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        <name>HPEFS EQUIPMENT TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LITTLE COMPANY OF MARY HOSPITAL OF INDIANA, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
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        <name>CAPITAL ONE, NATIONAL ASSOCIATION</name>
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        <name>EXETER AUTOMOBILE RECEIVABLES TRUST</name>
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        <name>WYANDOTTE CNTY KANS CITY KANS UNI GOVT UTIL SYS REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HPLY TRUST 2019-HIT</name>
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        <name>SMRT COMMERCIAL MORTGAGE TRUST</name>
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        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HSBC HOLDINGS PLC</name>
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        <name>WEIR GROUP PLC(THE)</name>
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        <name>PRESTIGE AUTO RECEIVABLES TRUST</name>
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        <name>JABIL INC.</name>
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        <name>SANTANDER RETAIL AUTO LEASE TRUST</name>
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        <name>NEW ECONOMY ASSETS PHASE I SPONSOR LLC</name>
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        <name>OWL ROCK CORE INCOME CORP.</name>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV</name>
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        <name>FIRST INVESTORS AUTO OWNER TRUST</name>
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        <name>BBCMS TRUST</name>
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        <name>NORDSTROM, INC.</name>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FUNDING LIMITED</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
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        <balance>1000000.00000000</balance>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
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      <invstOrSec>
        <name>PROGRESS RESIDENTIAL MASTER TRUST</name>
        <lei>N/A</lei>
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        <balance>600000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-16</maturityDt>
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      <invstOrSec>
        <name>ATMOS ENERGY CORPORATION</name>
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        <valUSD>1496430.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>INTERNATIONAL GAME TECHNOLOGY PLC</name>
        <lei>549300UQ6KHRCZDRGZ76</lei>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ATHENE GLOBAL FUNDING</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>ATHENE GLOBAL FUNDING</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>AUSTIN FAIRMONT HOTEL TRUST</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
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      <invstOrSec>
        <name>CHASE AUTO CREDIT LINKED NOTES</name>
        <lei>N/A</lei>
        <title>JPMORGAN CHASE BANK NA CACLN</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-26</maturityDt>
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          <annualizedRt>0.96900000</annualizedRt>
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        <name>GRAY OAK PIPELINE, LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
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          <annualizedRt>2.60000000</annualizedRt>
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        <name>CREDIT ACCEPTANCE AUTO LOAN TRUST</name>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-16</maturityDt>
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        <name>NATWEST MARKETS PLC</name>
        <lei>RR3QWICWWIPCS8A4S074</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-29</maturityDt>
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        <name>FREEPORT-MCMORAN INC.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT MCMORAN INC</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-15</maturityDt>
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        <name>CHESAPEAKE FUNDING LLC</name>
        <lei>549300LG5AUFDML64706</lei>
        <title>CHESAPEAKE FUNDING II LLC</title>
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        <name>J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>BANCO SANTANDER, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CANADIAN PACER AUTO RECEIVABLES TRUST</name>
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        <name>CPS AUTO RECEIVABLES TRUST</name>
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        <title>CPS AUTO RECEIVABLES TRUST 2022 A</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-16</maturityDt>
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        <name>DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV</name>
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        <name>TERREBONNE LEVEE &amp; CONSV DIST LA PUB IMPT SALES TAX</name>
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        <name>VIATRIS INC.</name>
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        <name>City of New York</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HERTZ VEHICLE FINANCING III LLC</name>
        <lei>N/A</lei>
        <title>HERTZ VEHICLE FINANCING LLC</title>
        <cusip>42806MAA7</cusip>
        <identifiers>
          <isin value="US42806MAA71"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1400032.59000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.21000000</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>IQVIA INC.</name>
        <lei>549300PLWY28YB00C717</lei>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1064250.00000000</valUSD>
        <pctVal>0.371741322652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.42000000</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>BMW US CAPITAL, LLC</name>
        <lei>KK5MZM9DIXLXZL9DZL15</lei>
        <title>BMW US CAPITAL LLC</title>
        <cusip>05565EBN4</cusip>
        <identifiers>
          <isin value="US05565EBN40"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>990580.00000000</valUSD>
        <pctVal>0.346008474881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.04000000</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>SANTANDER BANK, N.A.</name>
        <lei>N/A</lei>
        <title>SANTANDER BANK NA SBCLN</title>
        <cusip>80290CAE4</cusip>
        <identifiers>
          <isin value="US80290CAE49"/>
        </identifiers>
        <balance>350584.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>341631.47000000</valUSD>
        <pctVal>0.119331486509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.83300000</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>M&amp;T BANK CORPORATION</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>UNITED FINANCIAL BANCORP</title>
        <cusip>910304AA2</cusip>
        <identifiers>
          <isin value="US910304AA27"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>985980.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>Sumitomo Mitsui Trust Bank, Limited</name>
        <lei>5493006GGLR4BTEL8O61</lei>
        <title>SUMITOMO MITSUI TRUST BANK LTD</title>
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        <identifiers>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>981970.00000000</valUSD>
        <pctVal>0.343001011608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.85369000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LA BANQUE TORONTO-DOMINION</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK THE</title>
        <cusip>89114TZH8</cusip>
        <identifiers>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1444620.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.78948000</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>PHOENIX ARIZ CIVIC IMPT CORP ARPT REV</name>
        <lei>N/A</lei>
        <title>CITY OF PHOENIX CIVIC IMPROVEMENT CORP</title>
        <cusip>71883MQC1</cusip>
        <identifiers>
          <isin value="US71883MQC19"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>988044.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>ONE 2021 PARK MORTGAGE TRUST</title>
        <cusip>682413AC3</cusip>
        <identifiers>
          <isin value="USU6835XAB83"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>942972.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.27400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELL EQUIPMENT FINANCE TRUST</name>
        <lei>N/A</lei>
        <title>DELL EQUIPMENT FINANCE TRUST 2019 2</title>
        <cusip>24703KAD7</cusip>
        <identifiers>
          <isin value="US24703KAD72"/>
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        <balance>356000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>355875.12000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.06000000</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>BANK OF THE WEST AUTO TRUST</name>
        <lei>N/A</lei>
        <title>BANK OF THE WEST AUTO TRUST 2018 1</title>
        <cusip>065606AC9</cusip>
        <identifiers>
          <isin value="US065606AC98"/>
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        <balance>113961.38000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113941.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.43000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX TRUST</name>
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        <title>BX TRUST 2021 RISE</title>
        <cusip>12434EAC4</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477900.41000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.57400000</annualizedRt>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-08-01</ncom:dateSigned>
      <ncom:nameOfApplicant>USAA Mutual Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>James K. De Vries</ncom:signature>
      <ncom:signerName>James K. De Vries</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
