<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000091847</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>




    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>SOURCE CAPITAL /DE/</regName>
      <regFileNumber>811-01731</regFileNumber>
      <regCik>0000091847</regCik>
      <regLei>9845005BC0508CFA5B64</regLei>
      <regStreet1>235 West Galena Street</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53212</regZipOrPostalCode>
      <regPhone>626-385-5777</regPhone>
      <seriesName>Source Capital</seriesName>
      <seriesLei>9845005BC0508CFA5B64</seriesLei>
      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-09-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>414102410.040000000000</totAssets>
      <totLiabs>24074669.710000000000</totLiabs>
      <netAssets>390027740.330000000000</netAssets>
      <assetsAttrMiscSec>10612062.630000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>1885078.830000000000</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="641.867899021711" period1Yr="1033.442762331403" period30Yr="485.616987586628" period3Mon="649.878544445170" period5Yr="4424.456170312544"/>
          <intrstRtRiskdv100 period10Yr="64186.789902171067" period1Yr="103344.276233140434" period30Yr="48561.698758662740" period3Mon="64987.854444516989" period5Yr="442445.617031254112"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="314.795085562894" period1Yr="280.209082183543" period30Yr="82.292762824195" period3Mon="490.997446853000" period5Yr="574.777239827368"/>
      <creditSprdRiskNonInvstGrade period10Yr="410.070966999575" period1Yr="498.836630930835" period30Yr="369.875746073434" period3Mon="41.165857847716" period5Yr="1559.042995890840"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn rtn1="1.10" rtn2="2.47" rtn3="1.63"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/>
            <mon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/>
            <mon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/>
            <warrantCategory>
              <instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/>
              <instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/>
              <instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/>
            </warrantCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="3352372.11" netUnrealizedAppr="-1780236.05"/>
        <othMon2 netRealizedGain="4384795.54" netUnrealizedAppr="3752794.95"/>
        <othMon3 netRealizedGain="2054505.31" netUnrealizedAppr="622046.87"/>
      </returnInfo>
      <mon1Flow redemption="0" reinvestment="0" sales="0"/>
      <mon2Flow redemption="0" reinvestment="0" sales="0"/>
      <mon3Flow redemption="0" reinvestment="0" sales="0"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>DELIVERY HERO AG</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="DE000A3H2WQ0"/>
          <ticker value="BMW0B08"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>108060.93</valUSD>
        <pctVal>0.0277059601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50</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>DELIVERY HERO AG</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>ZL0636734</cusip>
        <identifiers>
          <isin value="DE000A30V5R1"/>
          <ticker value="BNKBK25"/>
        </identifiers>
        <balance>1200000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>1390627.85</valUSD>
        <pctVal>0.3565458828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25</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>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
        <cusip>172967424</cusip>
        <identifiers>
          <isin value="US1729674242"/>
          <ticker value="C"/>
        </identifiers>
        <balance>66508</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6750562</valUSD>
        <pctVal>1.7307902239</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castlelake Asset LP Based Private Credit   /</name>
        <lei>N/A</lei>
        <title>Castlelake Asset LP Based Private Credit   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CABPIIIL"/>
        </identifiers>
        <balance>3900000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>3820772</valUSD>
        <pctVal>0.9796154491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029   /</name>
        <lei>N/A</lei>
        <title>CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CAPSACQT"/>
        </identifiers>
        <balance>2279540.07</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2291945.33</valUSD>
        <pctVal>0.5876364917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.7634</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>Cie Financiere Richemont SA</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>Cie Financiere Richemont S.A.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
          <ticker value="CFR SW"/>
        </identifiers>
        <balance>14586</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.7961"/>
        <valUSD>2777587.74</valUSD>
        <pctVal>0.7121513300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Inc</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
        <title>Charter Communications, Inc. - Class A</title>
        <cusip>16119P108</cusip>
        <identifiers>
          <isin value="US16119P1084"/>
          <ticker value="CHTR"/>
        </identifiers>
        <balance>5983</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1645953.22</valUSD>
        <pctVal>0.4220092701</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comcast Corp</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp. - Class A</title>
        <cusip>20030N101</cusip>
        <identifiers>
          <isin value="US20030N1019"/>
          <ticker value="CMCSA"/>
        </identifiers>
        <balance>215600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6774152</valUSD>
        <pctVal>1.7368385116</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Copper Property CTL Pass Throu</name>
        <lei>N/A</lei>
        <title>Copper Property CTL Pass-Through Trust</title>
        <cusip>217519107</cusip>
        <identifiers>
          <isin value="US2175191079"/>
          <ticker value="CPPTL"/>
        </identifiers>
        <balance>16058</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199279.78</valUSD>
        <pctVal>0.0510937452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc. - Class C</title>
        <cusip>02079K107</cusip>
        <identifiers>
          <isin value="US02079K1079"/>
          <ticker value="GOOG"/>
        </identifiers>
        <balance>19721</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4803049.55</valUSD>
        <pctVal>1.2314635738</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc. - Class A</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <isin value="US02079K3059"/>
          <ticker value="GOOGL"/>
        </identifiers>
        <balance>31853</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7743464.30</valUSD>
        <pctVal>1.9853624497</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gulfport Energy Corp</name>
        <lei>254900DJRGZBUZ3F5038</lei>
        <title>Gulfport Energy Corp.</title>
        <cusip>402635502</cusip>
        <identifiers>
          <isin value="US4026355028"/>
          <ticker value="GPOR"/>
        </identifiers>
        <balance>2203</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398698.94</valUSD>
        <pctVal>0.1022232264</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heineken Holding NV</name>
        <lei>724500M1WJLFM9TYBS04</lei>
        <title>Heineken Holding N.V.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="NL0000008977"/>
          <ticker value="HEIO NA"/>
        </identifiers>
        <balance>86811</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>5946726.76</valUSD>
        <pctVal>1.5246932833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>Holcim A.G.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
          <ticker value="HOLN SW"/>
        </identifiers>
        <balance>23170</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.7961"/>
        <valUSD>1959889.21</valUSD>
        <pctVal>0.5024999525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Howmet Aerospace Inc</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
        <cusip>443201108</cusip>
        <identifiers>
          <isin value="US4432011082"/>
          <ticker value="HWM"/>
        </identifiers>
        <balance>5819</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1141862.37</valUSD>
        <pctVal>0.2927643990</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICON PLC</name>
        <lei>6354008SRQGEMC4XFI67</lei>
        <title>ICON PLC</title>
        <cusip>G4705A100</cusip>
        <identifiers>
          <isin value="IE0005711209"/>
          <ticker value="ICLR"/>
        </identifiers>
        <balance>8224</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1439200</valUSD>
        <pctVal>0.3689993944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IFF</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
        <title>International Flavors &amp; Fragrances, Inc.</title>
        <cusip>459506101</cusip>
        <identifiers>
          <isin value="US4595061015"/>
          <ticker value="IFF"/>
        </identifiers>
        <balance>83744</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5153605.76</valUSD>
        <pctVal>1.3213433885</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JDE Peet's NV</name>
        <lei>724500EHG519SE5ZRT89</lei>
        <title>JDE Peet's N.V.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="NL0014332678"/>
          <ticker value="JDEP NA"/>
        </identifiers>
        <balance>167093</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>6120335.29</valUSD>
        <pctVal>1.5692051250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jett Texas LLC SOURCE   /</name>
        <lei>N/A</lei>
        <title>Jett Texas LLC SOURCE   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="JETTTEXA"/>
        </identifiers>
        <balance>6000000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>6000000</valUSD>
        <pctVal>1.5383521169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPY SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>JPY SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="JPY FWD"/>
        </identifiers>
        <balance>26183973</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="JPY" exchangeRt="147.8850"/>
        <valUSD>177056.31</valUSD>
        <pctVal>0.0453958249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinder Morgan Inc</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456B101</cusip>
        <identifiers>
          <isin value="US49456B1017"/>
          <ticker value="KMI"/>
        </identifiers>
        <balance>70369</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1992146.39</valUSD>
        <pctVal>0.5107704361</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CarMax Inc</name>
        <lei>N/A</lei>
        <title>CarMax, Inc.</title>
        <cusip>143130102</cusip>
        <identifiers>
          <isin value="US1431301027"/>
          <ticker value="KMX"/>
        </identifiers>
        <balance>23348</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1047624.76</valUSD>
        <pctVal>0.2686026279</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marriott International Inc/MD</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International, Inc. - Class A</title>
        <cusip>571903202</cusip>
        <identifiers>
          <isin value="US5719032022"/>
          <ticker value="MAR"/>
        </identifiers>
        <balance>8054</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2097583.76</valUSD>
        <pctVal>0.5378037363</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mcdermott International Ltd</name>
        <lei>54930004RAXI4B3L4752</lei>
        <title>Mcdermott International Ltd.</title>
        <cusip>G5924V148</cusip>
        <identifiers>
          <isin value="BMG5924V1485"/>
          <ticker value="MCDIF"/>
        </identifiers>
        <balance>84957</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1274355</valUSD>
        <pctVal>0.3267344520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc. - Class A</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <isin value="US30303M1027"/>
          <ticker value="META"/>
        </identifiers>
        <balance>10387</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7628005.06</valUSD>
        <pctVal>1.9557596220</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSILF Treasury Portfolio</name>
        <lei>549300D1XR6GP7EZ0T47</lei>
        <title>MSILF Treasury Portfolio - Class Institutional</title>
        <cusip>61747C582</cusip>
        <identifiers>
          <isin value="US61747C5821"/>
          <ticker value="MISXX"/>
        </identifiers>
        <balance>448525.73</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448525.73</valUSD>
        <pctVal>0.1149984177</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARIADB PLC</name>
        <lei>N/A</lei>
        <title>MariaDB PLC</title>
        <cusip>G5920M118</cusip>
        <identifiers>
          <isin value="IE000UJTXLQ2"/>
          <ticker value="MRDB/WS"/>
        </identifiers>
        <balance>24015</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>New York</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MARIADB PLC ORD SHS</issuerName>
                <issueTitle>MARIADB PLC ORD SHS</issueTitle>
                <identifiers>
                  <ticker value="MRDB"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-13715.90</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>Vail Resorts Inc</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>Vail Resorts, Inc.</title>
        <cusip>91879Q109</cusip>
        <identifiers>
          <isin value="US91879Q1094"/>
          <ticker value="MTN"/>
        </identifiers>
        <balance>18090</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2705721.30</valUSD>
        <pctVal>0.6937253483</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOV Inc</name>
        <lei>549300EHF3IW1AR6U008</lei>
        <title>NOV, Inc.</title>
        <cusip>62955J103</cusip>
        <identifiers>
          <isin value="US62955J1034"/>
          <ticker value="NOV"/>
        </identifiers>
        <balance>142889</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1893279.25</valUSD>
        <pctVal>0.4854216904</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NXP Semiconductors NV</name>
        <lei>724500M9BY5293JDF951</lei>
        <title>NXP Semiconductors N.V.</title>
        <cusip>N6596X109</cusip>
        <identifiers>
          <isin value="NL0009538784"/>
          <ticker value="NXPI"/>
        </identifiers>
        <balance>13587</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3094167.51</valUSD>
        <pctVal>0.7933198565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCREDIT BDC SENIOR NOTE DDTL   /</name>
        <lei>N/A</lei>
        <title>OCREDIT BDC SENIOR NOTE DDTL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="OCREDIT"/>
        </identifiers>
        <balance>552000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552000</valUSD>
        <pctVal>0.1415283948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.77</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>PG&amp;E Corp</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp.</title>
        <cusip>69331C108</cusip>
        <identifiers>
          <isin value="US69331C1080"/>
          <ticker value="PCG"/>
        </identifiers>
        <balance>9047</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>136428.76</valUSD>
        <pctVal>0.0349792453</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHI Group Inc/DE</name>
        <lei>5493002853B5XXHLIP12</lei>
        <title>PHI Group, Inc.</title>
        <cusip>69360B104</cusip>
        <identifiers>
          <isin value="US69360B1044"/>
          <ticker value="PHIG"/>
        </identifiers>
        <balance>84452</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2702464</valUSD>
        <pctVal>0.6928902026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus N.V.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <ticker value="PRX NA"/>
        </identifiers>
        <balance>86481</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>6085549.59</valUSD>
        <pctVal>1.5602863491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND REFICAR TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>LEALAND REFICAR TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="REFICART"/>
        </identifiers>
        <balance>32077.28</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28228.01</valUSD>
        <pctVal>0.0072374365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.057220</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>Pernod Ricard SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>Pernod Ricard S.A.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="FR0000120693"/>
          <ticker value="RI FP"/>
        </identifiers>
        <balance>22509</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>2207562.64</valUSD>
        <pctVal>0.5660014434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPIC GAMES, INC. PRIVATE COMMON STOCK   /</name>
        <lei>N/A</lei>
        <title>EPIC GAMES, INC. PRIVATE COMMON STOCK   /</title>
        <cusip>966TDKII3</cusip>
        <identifiers>
          <ticker value="966TDKII"/>
        </identifiers>
        <balance>4347</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1156302</valUSD>
        <pctVal>0.2964666049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABPCI Direct Lending Fund ABS</name>
        <lei>N/A</lei>
        <title>ABPCI Direct Lending Fund ABS II LLC</title>
        <cusip>00090NAG5</cusip>
        <identifiers>
          <isin value="US00090NAG51"/>
          <ticker value="00090NAG"/>
        </identifiers>
        <balance>2836127.0260</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2795947.61</valUSD>
        <pctVal>0.7168586541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.2365</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>ABPCI Direct Lending Fund ABS</name>
        <lei>N/A</lei>
        <title>ABPCI Direct Lending Fund ABS I Ltd.</title>
        <cusip>00090TAA5</cusip>
        <identifiers>
          <isin value="US00090TAA51"/>
          <ticker value="00090TAA"/>
        </identifiers>
        <balance>216554.5890</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>212802.35</valUSD>
        <pctVal>0.0545608243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.1990</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>ABPCI Direct Lending Fund ABS</name>
        <lei>N/A</lei>
        <title>ABPCI Direct Lending Fund ABS I Ltd.</title>
        <cusip>00090TAC1</cusip>
        <identifiers>
          <isin value="US00090TAC18"/>
          <ticker value="00090TAC"/>
        </identifiers>
        <balance>2187820.0810</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2150366.79</valUSD>
        <pctVal>0.5513368839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.9350</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>LG Corp</name>
        <lei>N/A</lei>
        <title>LG Corp.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <ticker value="003550KS"/>
        </identifiers>
        <balance>41039</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1403.05"/>
        <valUSD>2105989.10</valUSD>
        <pctVal>0.5399587984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIR CANADA 2020-1C PTT</name>
        <lei>N/A</lei>
        <title>Air Canada 2020-1 Class C Pass-Through Trust</title>
        <cusip>008911BD0</cusip>
        <identifiers>
          <isin value="US008911BD05"/>
          <ticker value="008911BD"/>
        </identifiers>
        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1563704.25</valUSD>
        <pctVal>0.4009212905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50</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>ALTABA, Inc. ESCROW SHS ORD REG   /</name>
        <lei>N/A</lei>
        <title>ALTABA, Inc. ESCROW SHS ORD REG   /</title>
        <cusip>021ESC017</cusip>
        <identifiers>
          <ticker value="021ESC01"/>
        </identifiers>
        <balance>142220</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>163553</valUSD>
        <pctVal>0.0419336840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung C&amp;T Corp</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>Samsung C&amp;T Corp.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
          <ticker value="028260KS"/>
        </identifiers>
        <balance>21370</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1403.05"/>
        <valUSD>2811661.74</valUSD>
        <pctVal>0.7208876316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2021-VOLT</title>
        <cusip>05609VAQ8</cusip>
        <identifiers>
          <isin value="US05609VAQ86"/>
          <ticker value="05609VAQ"/>
        </identifiers>
        <balance>1270133.6720</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1267751.92</valUSD>
        <pctVal>0.3250414750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.664640</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>Barings Middle Market CLO Ltd.</name>
        <lei>549300NSFWDKJE15UK02</lei>
        <title>Barings Middle Market CLO Ltd. 2021-I</title>
        <cusip>06761EAA3</cusip>
        <identifiers>
          <isin value="US06761EAA38"/>
          <ticker value="06761EAA"/>
        </identifiers>
        <balance>1040000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1041569.36</valUSD>
        <pctVal>0.2670500716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.2371</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>Swire Pacific Ltd</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd. - A Shares</title>
        <cusip>Y83310105</cusip>
        <identifiers>
          <isin value="HK0019000162"/>
          <ticker value="19 HK"/>
        </identifiers>
        <balance>60408</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7820"/>
        <valUSD>511938.78</valUSD>
        <pctVal>0.1312570177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coinstar Funding, LLC</name>
        <lei>N/A</lei>
        <title>Coinstar Funding LLC Series 2017-1</title>
        <cusip>19260MAA4</cusip>
        <identifiers>
          <isin value="US19260MAA45"/>
          <ticker value="19260MAA"/>
        </identifiers>
        <balance>2811220</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2618548.82</valUSD>
        <pctVal>0.6713750201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2160</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>Cologix Data Centers Issuer LL</name>
        <lei>N/A</lei>
        <title>Cologix Data Centers U.S. Issuer LLC</title>
        <cusip>19521UAE3</cusip>
        <identifiers>
          <isin value="US19521UAE38"/>
          <ticker value="19521UAE"/>
        </identifiers>
        <balance>1765000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1741631.05</valUSD>
        <pctVal>0.4465403021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.99</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>CONSOLIDATED COMMUNICATI</name>
        <lei>549300WW675Y48HDVX34</lei>
        <title>Consolidated Communications, Inc.</title>
        <cusip>20903XAF0</cusip>
        <identifiers>
          <isin value="US20903XAF06"/>
          <ticker value="20903XAF"/>
        </identifiers>
        <balance>1272000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1290482.16</valUSD>
        <pctVal>0.3308693271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50</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>Diamond Infrastructure Funding</name>
        <lei>N/A</lei>
        <title>Diamond Infrastructure Funding LLC</title>
        <cusip>25265LAE0</cusip>
        <identifiers>
          <isin value="US25265LAE02"/>
          <ticker value="25265LAE"/>
        </identifiers>
        <balance>384000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369129.22</valUSD>
        <pctVal>0.0946417862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4750</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>Diamond Issuer LLC</name>
        <lei>N/A</lei>
        <title>Diamond Issuer LLC</title>
        <cusip>25267TAS0</cusip>
        <identifiers>
          <isin value="US25267TAS06"/>
          <ticker value="25267TAS"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>933582</valUSD>
        <pctVal>0.2393629743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.7870</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>ECHOSTAR CORP</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp.</title>
        <cusip>278768AB2</cusip>
        <identifiers>
          <isin value="US278768AB27"/>
          <ticker value="278768AB"/>
        </identifiers>
        <balance>846895</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2083361.70</valUSD>
        <pctVal>0.5341573136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8750</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>EchoStar Corp</name>
              <title>EchoStar Corp</title>
              <curCd>USD</curCd>
              <identifiers>
                <ticker value="SATS"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="29.7351" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elm Trust</name>
        <lei>N/A</lei>
        <title>Elm 2020-4 Trust</title>
        <cusip>28924AAC5</cusip>
        <identifiers>
          <isin value="US28924AAC53"/>
          <ticker value="28924AAC"/>
        </identifiers>
        <balance>244826.5230</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244400.52</valUSD>
        <pctVal>0.0626623429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8660</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>Elm Trust</name>
        <lei>N/A</lei>
        <title>Elm 2020-3 Trust</title>
        <cusip>289338AB1</cusip>
        <identifiers>
          <isin value="US289338AB17"/>
          <ticker value="289338AB"/>
        </identifiers>
        <balance>8549.0840</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8536.80</valUSD>
        <pctVal>0.0021887674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.9540</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>Elm Trust</name>
        <lei>N/A</lei>
        <title>Elm 2020-3 Trust</title>
        <cusip>289338AC9</cusip>
        <identifiers>
          <isin value="US289338AC99"/>
          <ticker value="289338AC"/>
        </identifiers>
        <balance>23422.3040</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23389.49</valUSD>
        <pctVal>0.0059968786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4810</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>FIVE POINT OPERATING CO</name>
        <lei>N/A</lei>
        <title>Five Point Operating Co. LP</title>
        <cusip>33834YAC2</cusip>
        <identifiers>
          <isin value="US33834YAC21"/>
          <ticker value="33834YAC"/>
        </identifiers>
        <balance>100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101480</valUSD>
        <pctVal>0.0260186621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</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>Fortress Credit Opportunities</name>
        <lei>2549008RD44HDM6DNP14</lei>
        <title>Fortress Credit Opportunities IX CLO Ltd.</title>
        <cusip>34961MAE7</cusip>
        <identifiers>
          <isin value="US34961MAE75"/>
          <ticker value="34961MAE"/>
        </identifiers>
        <balance>5186000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5212697.53</valUSD>
        <pctVal>1.3364940467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.639160</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>FRONTIER COMMUNICATIONS</name>
        <lei>N/A</lei>
        <title>Frontier Communications Holdings LLC</title>
        <cusip>35906ABE7</cusip>
        <identifiers>
          <isin value="US35906ABE73"/>
          <ticker value="35906ABE"/>
        </identifiers>
        <balance>453000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452433.75</valUSD>
        <pctVal>0.1160004028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8750</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>Nexon Co Ltd</name>
        <lei>5299005SFO0GAJFLKN43</lei>
        <title>Nexon Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="JP3758190007"/>
          <ticker value="3659 JP"/>
        </identifiers>
        <balance>44007</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="147.8850"/>
        <valUSD>966228.68</valUSD>
        <pctVal>0.2477333226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golub Capital Partners Funding</name>
        <lei>N/A</lei>
        <title>Golub Capital Partners ABS Funding 2020-1 Ltd.</title>
        <cusip>38177UAC4</cusip>
        <identifiers>
          <isin value="US38177UAC45"/>
          <ticker value="38177UAC"/>
        </identifiers>
        <balance>545371.3310</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>543406.36</valUSD>
        <pctVal>0.1393250540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4960</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>Golub Capital Partners Funding</name>
        <lei>N/A</lei>
        <title>Golub Capital Partners ABS Funding 2021-1 Ltd.</title>
        <cusip>38178HAC2</cusip>
        <identifiers>
          <isin value="US38178HAC25"/>
          <ticker value="38178HAC"/>
        </identifiers>
        <balance>1059420.6810</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048166.46</valUSD>
        <pctVal>0.2687415154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8160</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>Golub Capital Partners Funding</name>
        <lei>N/A</lei>
        <title>Golub Capital Partners ABS Funding 2021-2 Ltd.</title>
        <cusip>38178XAC7</cusip>
        <identifiers>
          <isin value="US38178XAC74"/>
          <ticker value="38178XAC"/>
        </identifiers>
        <balance>2684534.6820</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2623515.21</valUSD>
        <pctVal>0.6726483629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.9936</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>HPS CORPORATE LENDING FU</name>
        <lei>549300ZS7IHUA6FKFV61</lei>
        <title>HPS Corporate Lending Fund</title>
        <cusip>40440VAF2</cusip>
        <identifiers>
          <isin value="US40440VAF22"/>
          <ticker value="40440VAF"/>
        </identifiers>
        <balance>520000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541948.42</valUSD>
        <pctVal>0.1389512499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>HRT DNT / HRT DNT FIN</name>
        <lei>N/A</lei>
        <title>Heartland Dental LLC / Heartland Dental Finance Corp.</title>
        <cusip>42239PAB5</cusip>
        <identifiers>
          <isin value="US42239PAB58"/>
          <ticker value="42239PAB"/>
        </identifiers>
        <balance>381000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401478.75</valUSD>
        <pctVal>0.1029359475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.50</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>Hotwire Funding LLC</name>
        <lei>254900ZCO90MCT7Y9348</lei>
        <title>Hotwire Funding LLC</title>
        <cusip>44148JAC3</cusip>
        <identifiers>
          <isin value="US44148JAC36"/>
          <ticker value="44148JAC"/>
        </identifiers>
        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>736906.50</valUSD>
        <pctVal>0.1889369457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4590</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>Shiseido Co Ltd</name>
        <lei>5299008QCD0YDT5OF506</lei>
        <title>Shiseido Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="JP3351600006"/>
          <ticker value="4911 JP"/>
        </identifiers>
        <balance>23300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="147.8850"/>
        <valUSD>398141.12</valUSD>
        <pctVal>0.1020802058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Avenue Trust</name>
        <lei>N/A</lei>
        <title>Eleven Madison Trust 2015-11MD Mortgage Trust</title>
        <cusip>556227AA4</cusip>
        <identifiers>
          <isin value="US556227AA48"/>
          <ticker value="556227AA"/>
        </identifiers>
        <balance>344000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>341885.43</valUSD>
        <pctVal>0.0876566958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.673290</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>MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP   /</name>
        <lei>N/A</lei>
        <title>MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP   /</title>
        <cusip>58004K307</cusip>
        <identifiers>
          <ticker value="58004K30"/>
        </identifiers>
        <balance>187</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2805</valUSD>
        <pctVal>0.0007191796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP   /</name>
        <lei>N/A</lei>
        <title>MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP   /</title>
        <cusip>58004K406</cusip>
        <identifiers>
          <ticker value="58004K40"/>
        </identifiers>
        <balance>12870</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193050</valUSD>
        <pctVal>0.0494964794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIDCAP FINANCIAL ISSR TR</name>
        <lei>N/A</lei>
        <title>Midcap Financial Issuer Trust</title>
        <cusip>59567LAA2</cusip>
        <identifiers>
          <isin value="US59567LAA26"/>
          <ticker value="59567LAA"/>
        </identifiers>
        <balance>3466000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3442361.88</valUSD>
        <pctVal>0.8825941142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50</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>Monroe Capital ABS Funding LTD</name>
        <lei>N/A</lei>
        <title>Monroe Capital ABS Funding 2021-1 Ltd.</title>
        <cusip>610331AC4</cusip>
        <identifiers>
          <isin value="US610331AC44"/>
          <ticker value="610331AC"/>
        </identifiers>
        <balance>398588.0630</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394799.08</valUSD>
        <pctVal>0.1012233334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.9080</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>OAKTREE STRATEGIC CREDIT</name>
        <lei>2549006RRE0JC7G43241</lei>
        <title>Oaktree Strategic Credit Fund</title>
        <cusip>67403AAB5</cusip>
        <identifiers>
          <isin value="US67403AAB52"/>
          <ticker value="67403AAB"/>
        </identifiers>
        <balance>1615000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1753704.28</valUSD>
        <pctVal>0.4496357819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.40</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>Parliament CLO Ltd</name>
        <lei>5493009BTB3REE8RVW84</lei>
        <title>Parliament Clo II Ltd.</title>
        <cusip>701631AD5</cusip>
        <identifiers>
          <isin value="US701631AD54"/>
          <ticker value="701631AD"/>
        </identifiers>
        <balance>1854000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1848360.13</valUSD>
        <pctVal>0.4739047865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.165150</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>Plantation Loan TERM LOAN 01/25/2027   /</name>
        <lei>N/A</lei>
        <title>Plantation Loan TERM LOAN 01/25/2027   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="7023BRWL"/>
        </identifiers>
        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3500000</valUSD>
        <pctVal>0.8973720682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.555410</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>PERSHING SQUARE TONT SHS   /</name>
        <lei>N/A</lei>
        <title>PERSHING SQUARE TONT SHS   /</title>
        <cusip>715ESC018</cusip>
        <identifiers>
          <ticker value="715ESC01"/>
        </identifiers>
        <balance>14610</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nintendo Co Ltd</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
          <ticker value="7974 JP"/>
        </identifiers>
        <balance>14244</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="147.8850"/>
        <valUSD>1233353.08</valUSD>
        <pctVal>0.3162218869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp.</title>
        <cusip>808513AR6</cusip>
        <identifiers>
          <isin value="US808513AR62"/>
          <ticker value="808513AR"/>
        </identifiers>
        <balance>75000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73593.75</valUSD>
        <pctVal>0.0188688502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5</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>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp.</title>
        <cusip>808513BK0</cusip>
        <identifiers>
          <isin value="US808513BK01"/>
          <ticker value="808513BK"/>
        </identifiers>
        <balance>549000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>542615.95</valUSD>
        <pctVal>0.1391223992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</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>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797QY6</cusip>
        <identifiers>
          <isin value="US912797QY62"/>
          <ticker value="912797QY"/>
        </identifiers>
        <balance>26600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26398289.54</valUSD>
        <pctVal>6.7683107662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797RB5</cusip>
        <identifiers>
          <isin value="US912797RB50"/>
          <ticker value="912797RB"/>
        </identifiers>
        <balance>25300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25282238.06</valUSD>
        <pctVal>6.4821640734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797RN9</cusip>
        <identifiers>
          <isin value="US912797RN98"/>
          <ticker value="912797RN"/>
        </identifiers>
        <balance>25900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25775252.97</valUSD>
        <pctVal>6.6085691618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-12</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>VT TOPCO INC</name>
        <lei>5493007T812R37X02Y38</lei>
        <title>VT Topco, Inc.</title>
        <cusip>91838PAA9</cusip>
        <identifiers>
          <isin value="US91838PAA93"/>
          <ticker value="91838PAA"/>
        </identifiers>
        <balance>421000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>428367.50</valUSD>
        <pctVal>0.1098300084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50</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>VCP RRL ABS I, Ltd</name>
        <lei>N/A</lei>
        <title>VCP RRL ABS I Ltd.</title>
        <cusip>92243RAC8</cusip>
        <identifiers>
          <isin value="US92243RAC88"/>
          <ticker value="92243RAC"/>
        </identifiers>
        <balance>521449.5290</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>491453.67</valUSD>
        <pctVal>0.1260047989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.8480</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>VCP RRL ABS I, Ltd</name>
        <lei>N/A</lei>
        <title>VCP RRL ABS I Ltd.</title>
        <cusip>92243RAE4</cusip>
        <identifiers>
          <isin value="US92243RAE45"/>
          <ticker value="92243RAE"/>
        </identifiers>
        <balance>1098412.5570</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004925.57</valUSD>
        <pctVal>0.2576548963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.4250</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>VORNADO REALTY LP</name>
        <lei>549300BMOJ05INE4YK86</lei>
        <title>Vornado Realty LP</title>
        <cusip>929043AK3</cusip>
        <identifiers>
          <isin value="US929043AK39"/>
          <ticker value="929043AK"/>
        </identifiers>
        <balance>250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245562.50</valUSD>
        <pctVal>0.0629602653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15</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>PROP SERIES 2017 1A 5.30% 3/15/2042   /</name>
        <lei>N/A</lei>
        <title>PROP SERIES 2017 1A 5.30% 3/15/2042   /</title>
        <cusip>930RAXII5</cusip>
        <identifiers>
          <ticker value="930RAXII"/>
        </identifiers>
        <balance>226702.8680</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210833.67</valUSD>
        <pctVal>0.0540560704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30</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>CLOVER PRIVATE CRED    /</name>
        <lei>N/A</lei>
        <title>CLOVER PRIVATE CRED    /</title>
        <cusip>9353JY901</cusip>
        <identifiers>
          <ticker value="9353JY90"/>
        </identifiers>
        <balance>60000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4348730.89</valUSD>
        <pctVal>1.1149798951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC   /</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC   /</title>
        <cusip>935IFTII4</cusip>
        <identifiers>
          <ticker value="935IFTII"/>
        </identifiers>
        <balance>4296752.8970</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3867077.61</valUSD>
        <pctVal>0.9914878379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>LEALAND FINANCE Co. B.V. LETTER OF CREDIT   /</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE Co. B.V. LETTER OF CREDIT   /</title>
        <cusip>935IQZII8</cusip>
        <identifiers>
          <ticker value="935IQZII"/>
        </identifiers>
        <balance>912667.41</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>730133.93</valUSD>
        <pctVal>0.1872005128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.246850</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>HIG WHITEHORSE DIR LEN 2020 LP   /</name>
        <lei>N/A</lei>
        <title>HIG WHITEHORSE DIR LEN 2020 LP   /</title>
        <cusip>936JLN906</cusip>
        <identifiers>
          <ticker value="936JLN90"/>
        </identifiers>
        <balance>55000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>5473643.65</valUSD>
        <pctVal>1.4033985494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND FINANCE Co. B.V. SENIOR EXIT LC   /</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE Co. B.V. SENIOR EXIT LC   /</title>
        <cusip>589477088</cusip>
        <identifiers>
          <ticker value="936UZWII"/>
        </identifiers>
        <balance>-1363749.07</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-409124.72</valUSD>
        <pctVal>-0.1048963132</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>POST ROAD SPEC OPP FUND II LP   /</name>
        <lei>N/A</lei>
        <title>POST ROAD SPEC OPP FUND II LP   /</title>
        <cusip>942FPU906</cusip>
        <identifiers>
          <ticker value="942FPU90"/>
        </identifiers>
        <balance>18000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>1911756.90</valUSD>
        <pctVal>0.4901592124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLUE TORCH CRED OPP FUND II LP   /</name>
        <lei>N/A</lei>
        <title>BLUE TORCH CRED OPP FUND II LP   /</title>
        <cusip>942JAU904</cusip>
        <identifiers>
          <ticker value="942JAU90"/>
        </identifiers>
        <balance>55000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4781198</valUSD>
        <pctVal>1.2258610108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSD PRIVATE CREDIT OPP FD 2 LP   /</name>
        <lei>N/A</lei>
        <title>MSD PRIVATE CREDIT OPP FD 2 LP   /</title>
        <cusip>942KWF009</cusip>
        <identifiers>
          <ticker value="942KWF00"/>
        </identifiers>
        <balance>80000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>9671182.32</valUSD>
        <pctVal>2.4796139659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METRO PARTNERS FUND VII, LP   /</name>
        <lei>N/A</lei>
        <title>METRO PARTNERS FUND VII, LP   /</title>
        <cusip>942TKW907</cusip>
        <identifiers>
          <ticker value="942TKW90"/>
        </identifiers>
        <balance>80000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>8511391</valUSD>
        <pctVal>2.1822527272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PINEY LAKE OPPS FUND LP   /</name>
        <lei>N/A</lei>
        <title>PINEY LAKE OPPS FUND LP   /</title>
        <cusip>942XPN903</cusip>
        <identifiers>
          <ticker value="942XPN90"/>
        </identifiers>
        <balance>30000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>3144352.37</valUSD>
        <pctVal>0.8061868541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYFAIR INC</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>Wayfair, Inc.</title>
        <cusip>94419LAF8</cusip>
        <identifiers>
          <isin value="US94419LAF85"/>
          <ticker value="94419LAF"/>
        </identifiers>
        <balance>122000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119560</valUSD>
        <pctVal>0.0306542299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Wayfair Inc</name>
              <title>Wayfair Inc</title>
              <curCd>USD</curCd>
              <identifiers>
                <ticker value="W"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="6.7349" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYFAIR INC</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>Wayfair, Inc.</title>
        <cusip>94419LAM3</cusip>
        <identifiers>
          <isin value="US94419LAM37"/>
          <ticker value="94419LAM"/>
        </identifiers>
        <balance>3933000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3932999.99</valUSD>
        <pctVal>1.0083898101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.6250</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>HLEND SENIOR NOTES DUE 3/15/2028   /</name>
        <lei>N/A</lei>
        <title>HLEND SENIOR NOTES DUE 3/15/2028   /</title>
        <cusip>952JRDII2</cusip>
        <identifiers>
          <ticker value="952JRDII"/>
        </identifiers>
        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3500000</valUSD>
        <pctVal>0.8973720682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.17</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>SILVERVIEW CREDIT OP ONSHORE FUND LP   /</name>
        <lei>N/A</lei>
        <title>SILVERVIEW CREDIT OP ONSHORE FUND LP   /</title>
        <cusip>966LHXII8</cusip>
        <identifiers>
          <ticker value="966LHXII"/>
        </identifiers>
        <balance>35000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>1605464</valUSD>
        <pctVal>0.4116281572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSD REAL ESTATE CREDIT OPPS FD   /</name>
        <lei>N/A</lei>
        <title>MSD REAL ESTATE CREDIT OPPS FD   /</title>
        <cusip>966RVUII5</cusip>
        <identifiers>
          <ticker value="966RVUII"/>
        </identifiers>
        <balance>30000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>3620849.09</valUSD>
        <pctVal>0.9283568105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEBARI NAT RES CREDIT FD I LP   /</name>
        <lei>N/A</lei>
        <title>NEBARI NAT RES CREDIT FD I LP   /</title>
        <cusip>966ZTA002</cusip>
        <identifiers>
          <ticker value="966ZTA00"/>
        </identifiers>
        <balance>55000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2981101.77</valUSD>
        <pctVal>0.7643307031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SILVERVIEW SPECIAL SIT LD ONSHORE LP   /</name>
        <lei>N/A</lei>
        <title>SILVERVIEW SPECIAL SIT LD ONSHORE LP   /</title>
        <cusip>967DPC901</cusip>
        <identifiers>
          <ticker value="967DPC90"/>
        </identifiers>
        <balance>48500</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4147653.48</valUSD>
        <pctVal>1.0634252519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Analog Devices Inc</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
        <cusip>032654105</cusip>
        <identifiers>
          <isin value="US0326541051"/>
          <ticker value="ADI"/>
        </identifiers>
        <balance>37249</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9152079.30</valUSD>
        <pctVal>2.3465200943</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amrize Ltd</name>
        <lei>N/A</lei>
        <title>Amrize Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CH1430134226"/>
          <ticker value="AMRZ SW"/>
        </identifiers>
        <balance>69135</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.7961"/>
        <valUSD>3333868.42</valUSD>
        <pctVal>0.8547772569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc.</title>
        <cusip>023135106</cusip>
        <identifiers>
          <isin value="US0231351067"/>
          <ticker value="AMZN"/>
        </identifiers>
        <balance>12523</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2749675.11</valUSD>
        <pctVal>0.7049947544</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aon PLC</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon PLC - Class A</title>
        <cusip>G0403H108</cusip>
        <identifiers>
          <isin value="IE00BLP1HW54"/>
          <ticker value="AON"/>
        </identifiers>
        <balance>13605</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4851270.90</valUSD>
        <pctVal>1.2438271431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apollo Debt Solution BDC Senior Notes   /</name>
        <lei>N/A</lei>
        <title>APOLLO DEBT SOLUTION DELAYED DRAW TERM LO   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="APOLLODS"/>
        </identifiers>
        <balance>2333000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2333000</valUSD>
        <pctVal>0.5981625815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62</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>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <isin value="US11135F1012"/>
          <ticker value="AVGO"/>
        </identifiers>
        <balance>2117</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>698419.47</valUSD>
        <pctVal>0.1790691784</pctVal>
        <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>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>Banner Commercial FUNDING LP 5/27/2028   /</name>
        <lei>N/A</lei>
        <title>Banner Commercial FUNDING LP 5/27/2028   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="BANCFLPT"/>
        </identifiers>
        <balance>5343750</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5250234.38</valUSD>
        <pctVal>1.3461181955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.634310</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>BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP   /</name>
        <lei>N/A</lei>
        <title>BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="BH3OFIIL"/>
        </identifiers>
        <balance>2300000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2308660</valUSD>
        <pctVal>0.5919219997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>DELIVERY HERO AG</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="DE000A254Y92"/>
          <ticker value="BKX9B22"/>
        </identifiers>
        <balance>500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>562880.37</valUSD>
        <pctVal>0.1443180348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</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>JC PENNEY CORP INC</name>
        <lei>8TDNUQ07MEFMWW1VHP39</lei>
        <title>Copper Sub Corp., Inc.</title>
        <cusip>46611NAJ2</cusip>
        <identifiers>
          <isin value="US46611NAJ28"/>
          <ticker value="BL202268"/>
        </identifiers>
        <balance>459336.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45.93</valUSD>
        <pctVal>0.0000117761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.567780</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND FINANCE CO BV</name>
        <lei>N/A</lei>
        <title>Lealand Finance Co. B.V.</title>
        <cusip>N5200EAB7</cusip>
        <identifiers>
          <isin value="XAN5200EAB73"/>
          <ticker value="BL341039"/>
        </identifiers>
        <balance>1604420.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1267492.36</valUSD>
        <pctVal>0.3249749259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.2779</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>LEALAND FINANCE CO BV</name>
        <lei>N/A</lei>
        <title>Lealand Finance Co. B.V.</title>
        <cusip>N5200EAC5</cusip>
        <identifiers>
          <isin value="XAN5200EAC56"/>
          <ticker value="BL341041"/>
        </identifiers>
        <balance>141926.75</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120637.74</valUSD>
        <pctVal>0.0309305538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.2779</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>CORNERSTONE ONDEMAND INC</name>
        <lei>549300Z402F16H5EGH48</lei>
        <title>Cornerstone OnDemand, Inc.</title>
        <cusip>86803YAB9</cusip>
        <identifiers>
          <isin value="US86803YAB92"/>
          <ticker value="BL370440"/>
        </identifiers>
        <balance>71768.84</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68808.38</valUSD>
        <pctVal>0.0176419195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.0131</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>VISION SOLUTIONS INC</name>
        <lei>N/A</lei>
        <title>Vision Solutions, Inc.</title>
        <cusip>70477BAE2</cusip>
        <identifiers>
          <isin value="US70477BAE20"/>
          <ticker value="BL375749"/>
        </identifiers>
        <balance>71944.43</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69246.51</valUSD>
        <pctVal>0.0177542525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.569520</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>WH BORROWER LLC</name>
        <lei>2549009H920CQUE3R944</lei>
        <title>WH Borrower LLC</title>
        <cusip>92942LAG6</cusip>
        <identifiers>
          <isin value="US92942LAG68"/>
          <ticker value="BL499393"/>
        </identifiers>
        <balance>1210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1209249.80</valUSD>
        <pctVal>0.3100419983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.884310</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>ROSS ACQUISITION CORP II -A</name>
        <lei>N/A</lei>
        <title>Ross Acquisition Corp. II</title>
        <cusip>G7641C114</cusip>
        <identifiers>
          <isin value="KYG7641C1143"/>
          <ticker value="ROSS/WS"/>
        </identifiers>
        <balance>5878</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>New York</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ROSS ACQUISITION COR SHS CL A</issuerName>
                <issueTitle>ROSS ACQUISITION COR SHS CL A</issueTitle>
                <identifiers>
                  <ticker value="ROSS"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1272.84</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safran SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>Safran S.A.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="FR0000073272"/>
          <ticker value="SAF FP"/>
        </identifiers>
        <balance>15343</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>5405534.52</valUSD>
        <pctVal>1.3859359120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TE Connectivity PLC</name>
        <lei>894500ZRIX9K13RHXR17</lei>
        <title>TE Connectivity PLC</title>
        <cusip>H84989104</cusip>
        <identifiers>
          <isin value="CH0102993182"/>
          <ticker value="TEL"/>
        </identifiers>
        <balance>39535</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8679118.55</valUSD>
        <pctVal>2.2252567324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIOGA PARTNERS IV LP    /</name>
        <lei>N/A</lei>
        <title>TIOGA PARTNERS IV LP    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TIOGAIVL"/>
        </identifiers>
        <balance>14000000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>13912136.62</valUSD>
        <pctVal>3.5669608034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>TREVIAN CAP DEBT FUND LP   /</name>
        <lei>N/A</lei>
        <title>TREVIAN CAP DEBT FUND LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TREVCDFL"/>
        </identifiers>
        <balance>3000000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>3000000</valUSD>
        <pctVal>0.7691760585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uber Technologies Inc</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
        <cusip>90353T100</cusip>
        <identifiers>
          <isin value="US90353T1007"/>
          <ticker value="UBER"/>
        </identifiers>
        <balance>8195</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>802864.15</valUSD>
        <pctVal>0.2058479608</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniti Group Inc</name>
        <lei>549300V3NU625PJUVA84</lei>
        <title>Uniti Group, Inc.</title>
        <cusip>912932100</cusip>
        <identifiers>
          <isin value="US9129321009"/>
          <ticker value="UNIT"/>
        </identifiers>
        <balance>10312</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63109.44</valUSD>
        <pctVal>0.0161807568</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP, Inc. PFD SERIES A PREF STOCK   /</name>
        <lei>N/A</lei>
        <title>UNITI GROUP, Inc. PFD SERIES A PREF STOCK   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="UNITIAPF"/>
        </identifiers>
        <balance>65370</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65370</valUSD>
        <pctVal>0.0167603463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITI GROUP, Inc. WARRANTS 08/12/2035   /</name>
        <lei>N/A</lei>
        <title>UNITI GROUP, Inc. WARRANTS 08/12/2035   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="UNITWRNT"/>
        </identifiers>
        <balance>1996</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>NASDAQ</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UNITI GROUP INC</issuerName>
                <issueTitle>UNITI GROUP INC</issueTitle>
                <identifiers>
                  <ticker value="UNIT"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.010000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2035-08-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>0</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westinghouse Air Brake Technol</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
        <title>Westinghouse Air Brake Technologies Corp.</title>
        <cusip>929740108</cusip>
        <identifiers>
          <isin value="US9297401088"/>
          <ticker value="WAB"/>
        </identifiers>
        <balance>7391</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1481673.77</valUSD>
        <pctVal>0.3798893301</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
          <ticker value="WFC"/>
        </identifiers>
        <balance>22932</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1922160.24</valUSD>
        <pctVal>0.4928265457</pctVal>
        <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>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>Delta Commercial FUNDING LP 12/31/27   /</name>
        <lei>N/A</lei>
        <title>Delta Commercial FUNDING LP 12/31/27   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="DELTACFL"/>
        </identifiers>
        <balance>3100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3100000</valUSD>
        <pctVal>0.7948152604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Delivery Hero SE</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="DE000A2E4K43"/>
          <ticker value="DHER GR"/>
        </identifiers>
        <balance>8390</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>240431.91</valUSD>
        <pctVal>0.0616448230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELECTRIQ POWER HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Electriq Power Holdings, Inc.</title>
        <cusip>285046116</cusip>
        <identifiers>
          <isin value="US2850461169"/>
          <ticker value="ELIWQ"/>
        </identifiers>
        <balance>31567</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>OTC US</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TLG ACQUISITION ONE COM CL A</issuerName>
                <issueTitle>TLG ACQUISITION ONE COM CL A</issueTitle>
                <identifiers>
                  <ticker value="TLGA"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-01-25</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2499.98</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQS Legacy Holdings Term Loan 3/27/2032   /</name>
        <lei>N/A</lei>
        <title>EQS Legacy Holdings Term Loan 3/27/2032   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EQSLGHDT"/>
        </identifiers>
        <balance>8575000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8575000</valUSD>
        <pctVal>2.1985615671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-27</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>Eurofins Scientific SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>Eurofins Scientific S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="FR0014000MR3"/>
          <ticker value="ERF FP"/>
        </identifiers>
        <balance>47135</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8518"/>
        <valUSD>3418643.23</valUSD>
        <pctVal>0.8765128417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortune Brands Innovations Inc</name>
        <lei>54930032LHW54PQUJD44</lei>
        <title>Fortune Brands Innovations, Inc.</title>
        <cusip>34964C106</cusip>
        <identifiers>
          <isin value="US34964C1062"/>
          <ticker value="FBIN"/>
        </identifiers>
        <balance>50623</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2702761.97</valUSD>
        <pctVal>0.6929665997</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferguson Enterprises Inc</name>
        <lei>2138003JYQMRP3SLX189</lei>
        <title>Ferguson Enterprises, Inc.</title>
        <cusip>G3421J106</cusip>
        <identifiers>
          <isin value="JE00BJVNSS43"/>
          <ticker value="FERG"/>
        </identifiers>
        <balance>16171</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3631683.18</valUSD>
        <pctVal>0.9311345847</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FPS Holdco II LLC SOURCE   /</name>
        <lei>N/A</lei>
        <title>FPS Holdco II LLC SOURCE   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FPS2LLC"/>
        </identifiers>
        <balance>10507864.07</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>10705317.34</valUSD>
        <pctVal>2.7447579321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT BRITAIN POUND  /</name>
        <lei>N/A</lei>
        <title>GREAT BRITAIN POUND  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GBP"/>
        </identifiers>
        <balance>1.58</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="0.7436"/>
        <valUSD>2.12</valUSD>
        <pctVal>0.0000005436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glencore PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>Glencore PLC</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="JE00B4T3BW64"/>
          <ticker value="GLEN LN"/>
        </identifiers>
        <balance>802359</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7436"/>
        <valUSD>3685931.07</valUSD>
        <pctVal>0.9450433107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>

    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-10-06</ncom:dateSigned>
      <ncom:nameOfApplicant>SOURCE CAPITAL /DE/</ncom:nameOfApplicant>
      <ncom:signature>/s/ Maureen Quill</ncom:signature>
      <ncom:signerName>Maureen Quill</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
