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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPDR Gold Shares</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MEX BONOS DESARR FIX RT</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OTP BANK NYRT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CRESCENT ENERGY FINANCE</name>
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      <invstOrSec>
        <name>Repsol SA</name>
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      <invstOrSec>
        <name>UBS SECURITIES LLC</name>
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        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>Graniteshares Gold Trust</name>
        <lei>549300B09UIFB1TCF016</lei>
        <title>Graniteshares Gold Trust</title>
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          <ticker value="BAR"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rheinmetall AG</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>Rheinmetall AG</title>
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          <isin value="DE0007030009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPAL BIDCO SAS</name>
        <lei>969500R96XT7XY2UJ564</lei>
        <title>Opal Bidco SAS</title>
        <cusip>000000000</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Domino's Pizza Inc</name>
        <lei>25490005ZWM1IF9UXU57</lei>
        <title>Domino's Pizza Inc</title>
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        <invCountry>US</invCountry>
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        <name>REPUBLIC OF SOUTH AFRICA</name>
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        <title>Republic of South Africa Government Bond</title>
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        <name>Greencoat UK Wind PLC/Funds</name>
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        <name>DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND</name>
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        <name>Ingersoll Rand Inc</name>
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        <name>Amedeo Air Four Plus Ltd</name>
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        <name>BARCLAYS PLC</name>
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        <name>Jazz Pharmaceuticals PLC</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>Jazz Pharmaceuticals PLC</title>
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        <invCountry>IE</invCountry>

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        <name>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC</title>
        <cusip>000000000</cusip>
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          <ticker value="AZN"/>
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        <name>Phillips 66</name>
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        <name>London Stock Exchange Group PL</name>
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        <name>Marathon Petroleum Corp</name>
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        <name>ASML Holding NV</name>
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        <name>MERRILL LYNCH BV</name>
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        <name>iShares Gold Trust</name>
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        <name>Unicaja Banco SA</name>
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        <name>UBS SECURITIES LLC</name>
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        <name>Alcon AG</name>
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        <name>Microsoft Corp</name>
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        <name>Bayer AG</name>
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        <name>TELEFONICA EUROPE BV</name>
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        <name>Airbus SE</name>
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        <name>Texas Instruments Inc</name>
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        <title>Texas Instruments Inc</title>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC</name>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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            <descRefInstrmnt>
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                  <component>
                    <othIndName>S&amp;P 500 Variance Swap 14.3024 11/24/2025</othIndName>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="BXIINIM3 INDEX" floatingRtSpread="0.00000000" pmntAmt="38428.00000000">
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>-99127.92000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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              <indexBasketInfo>
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                <narrativeDesc>Barclays NIF3 Index</narrativeDesc>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="BXIINIF3 INDEX" floatingRtSpread="0.00000000" pmntAmt="23533.00000000">
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rolls-Royce Holdings PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B63H8491"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hermes International SCA</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>Hermes International SCA</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000052292"/>
          <ticker value="RMS"/>
          <other otherDesc="SEDOL" value="5253973"/>
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        <balance>507.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc</title>
        <cusip>02079K305</cusip>
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          <isin value="US02079K3059"/>
          <ticker value="GOOGL"/>
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        <balance>63100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21327800.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CSN ISLANDS XI CORP</name>
        <lei>222100R8R68DM7VM3661</lei>
        <title>CSN Inova Ventures</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="USG2583XAB76"/>
          <other otherDesc="SEDOL" value="BL3GKD4"/>
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        <balance>428000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>409696.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDIT SUISSE GROUP AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>Credit Suisse Group AG</title>
        <cusip>000000000</cusip>
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          <isin value="USH3698DBZ62"/>
          <other otherDesc="SEDOL" value="BFXZBZ8"/>
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        <balance>2650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>662500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="SHELL"/>
          <other otherDesc="SEDOL" value="BP6MXT4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>EDGE FINCO PLC</name>
        <lei>648835NI8LJE5190NT73</lei>
        <title>Edge Finco PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2914010157"/>
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        <balance>1822000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc</title>
        <cusip>25746U109</cusip>
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          <ticker value="D"/>
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        <balance>79272.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4769796.24000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>STOXX EUROPE 600</title>
        <cusip>000000000</cusip>
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          <ticker value="SXOH6"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01FZGYB27"/>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>EUREX CLEARING AKTIENGESELLSCHAFT</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>DEUTSCHE BORSE AKTIENGESELLSCHAFT</issuerName>
                <issueTitle>STOXX EUROPE 600 PRICE INDEX</issueTitle>
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      <invstOrSec>
        <name>AUSTRALIAN GOVERNMENT</name>
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        <title>Australia Government Bond</title>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>Diamondback Energy Inc</title>
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          <ticker value="FANG"/>
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        <name>Thermo Fisher Scientific Inc</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific Inc</title>
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        <name>TSMC</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co Ltd</title>
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          <ticker value="TSM"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Land Securities Group PLC</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>Land Securities Group PLC</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NEW S WALES TREASURY CRP</name>
        <lei>TC7LRO17HPNPLTAV0H77</lei>
        <title>New South Wales Treasury Corp</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BR54964"/>
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        <balance>6560000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Sprott Physical Uranium Trust</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MILLICOM INTL CELLULAR</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hubbell Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEW ZEALAND GOVERNMENT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CBOE GLOBAL MARKETS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>STANDARD &amp; POOR'S FINANCIAL SERVICES LLC</issuerName>
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      <invstOrSec>
        <name>AZULE ENERGY FINANCE PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VENTURE GLOBAL PLAQUE</name>
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        <title>Venture Global Plaquemines LNG LLC</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TK ELEVATOR MIDCO GMBH</name>
        <lei>254900K869UN2ZWVB351</lei>
        <title>TK Elevator Midco GmbH</title>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Barclays PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CMS Energy Corp</name>
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        <title>CMS Energy Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BAE Systems PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE Systems PLC</title>
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        <name>UNITED KINGDOM GILT</name>
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        <title>United Kingdom Gilt</title>
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        <invCountry>GB</invCountry>
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        <name>ION PLATFORM FINANCE SAR</name>
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        <title>ION Platform Finance SARL</title>
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        <invCountry>LU</invCountry>
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        <name>State Street Bank and Trust Company</name>
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        <name>CREDIT SUISSE GROUP AG</name>
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        <title>Credit Suisse Group AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BRITISH TELECOMMUNICATIO</name>
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        <title>British Telecommunications PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com Inc</title>
        <cusip>023135106</cusip>
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          <isin value="US0231351067"/>
          <ticker value="AMZN"/>
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        <curCd>USD</curCd>
        <valUSD>15380050.30000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc</title>
        <cusip>91324P102</cusip>
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          <isin value="US91324P1021"/>
          <ticker value="UNH"/>
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        <balance>20466.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Renewables Infrastructure Group Ltd/The</name>
        <lei>213800NO6Q7Q7HMOMT20</lei>
        <title>Renewables Infrastructure Group Ltd/The</title>
        <cusip>000000000</cusip>
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          <isin value="GG00BBHX2H91"/>
          <ticker value="TRIG"/>
          <other otherDesc="SEDOL" value="BBHX2H9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp</title>
        <cusip>1248EPBR3</cusip>
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          <isin value="US1248EPBR37"/>
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        <balance>2289000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2290156.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BIFFA GROUP HOLDINGS LTD</name>
        <lei>21380012LWLXNMXB8I44</lei>
        <title>Biffa Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS3246904414"/>
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        <balance>2220000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS1640903701"/>
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        <balance>1834000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Old Republic International Cor</name>
        <lei>549300IV6O2YY2A1KH37</lei>
        <title>Old Republic International Corp</title>
        <cusip>680223104</cusip>
        <identifiers>
          <isin value="US6802231042"/>
          <ticker value="ORI"/>
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        <balance>205703.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8057386.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DREYFUS INSTITUTIONAL PREFERRE</name>
        <lei>549300RBWL04JG8SIX57</lei>
        <title>DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="26200T208"/>
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        <balance>5910486.68000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5910486.68000000</valUSD>
        <pctVal>0.682486603563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICE FUTURES EUROPE</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>LONG GILT</title>
        <cusip>000000000</cusip>
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          <ticker value="G H6"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01VTCRL33"/>
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        <balance>239.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080717"/>
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        <pctVal>-0.00903772494</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE FUTURES EUROPE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>UNITED KINGDOM GILT</issuerName>
                <issueTitle>United Kingdom Gilt</issueTitle>
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                  <cusip value="000000000"/>
                  <isin value="GB00BZB26Y51"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CATL</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100003662"/>
          <ticker value="300750"/>
          <other otherDesc="SEDOL" value="BHQPSY7"/>
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        <currencyConditional curCd="CNY" exchangeRt="6.94850000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIA Group Ltd</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="HK0000069689"/>
          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
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        <balance>737400.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS3013997666"/>
          <other otherDesc="SEDOL" value="BMHF2J4"/>
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        <balance>1444000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NVIDIA Corp</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp</title>
        <cusip>67066G104</cusip>
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          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNICREDIT SPA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA</title>
        <cusip>000000000</cusip>
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          <isin value="XS1963834251"/>
          <other otherDesc="SEDOL" value="BJKGPT4"/>
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        <balance>4422000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC / CCO Holdings Capital Corp</title>
        <cusip>1248EPCU5</cusip>
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          <isin value="US1248EPCU56"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VMED O2 UK FINAN</name>
        <lei>213800MRR46ECNGZ7L69</lei>
        <title>Vmed O2 UK Financing I PLC</title>
        <cusip>000000000</cusip>
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          <isin value="XS2231189924"/>
          <other otherDesc="SEDOL" value="BM9BWQ7"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms Inc</title>
        <cusip>30303M102</cusip>
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          <isin value="US30303M1027"/>
          <ticker value="META"/>
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        <curCd>USD</curCd>
        <valUSD>13008057.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SABLE INTL FINANCE LTD</name>
        <lei>2138009IE9A35LO5JS73</lei>
        <title>Sable International Finance Ltd</title>
        <cusip>785712AK6</cusip>
        <identifiers>
          <isin value="US785712AK68"/>
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        <balance>2184000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2210240.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW ZEALAND GOVERNMENT</name>
        <lei>549300237GPHG2AI7C34</lei>
        <title>New Zealand Government Bond</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZGOVDT541C9"/>
          <other otherDesc="SEDOL" value="BL58BK2"/>
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        <balance>18650000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085367"/>
        <valUSD>7391032.59000000</valUSD>
        <pctVal>0.853445917786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</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>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BNY Mellon Advantage Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>James Windels</ncom:signature>
      <ncom:signerName>James Windels</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
