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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ARI Fleet Lease Trust</name>
        <lei>N/A</lei>
        <title>ARI Fleet Lease Trust 2025-A</title>
        <cusip>04033CAB2</cusip>
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          <isin value="US04033CAB28"/>
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        <balance>298000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298549.21000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARI Fleet Lease Trust</name>
        <lei>N/A</lei>
        <title>ARI Fleet Lease Trust 2023-B</title>
        <cusip>04033GAB3</cusip>
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          <isin value="US04033GAB32"/>
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        <balance>109255.77000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110110.17000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
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      <invstOrSec>
        <name>ARROW ELECTRONICS INC</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>Arrow Electronics Inc</title>
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          <isin value="US042735BF63"/>
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        <balance>1049000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038997.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-12</maturityDt>
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      <invstOrSec>
        <name>ARTHUR J GALLAGHER &amp; CO</name>
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        <title>Arthur J Gallagher &amp; Co</title>
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          <isin value="US04316JAF66"/>
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        <balance>1626000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1800272.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd</title>
        <cusip>05401AAJ0</cusip>
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          <isin value="US05401AAJ07"/>
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        <balance>583000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574371.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd</title>
        <cusip>05401AAP6</cusip>
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          <isin value="US05401AAP66"/>
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        <balance>2336000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2246347.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-21</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd</title>
        <cusip>05401AAR2</cusip>
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          <isin value="US05401AAR23"/>
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        <balance>382000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>368226.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAT CAPITAL CORP</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp</title>
        <cusip>05526DCB9</cusip>
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          <isin value="US05526DCB91"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2069332.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BDS Ltd</name>
        <lei>N/A</lei>
        <title>BDS 2024-FL13 LLC</title>
        <cusip>05555MAA7</cusip>
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          <isin value="US05555MAA71"/>
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        <balance>305500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306175.77000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.61000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BXMT Ltd</name>
        <lei>N/A</lei>
        <title>BXMT 2021-FL4 Ltd</title>
        <cusip>05609GAC2</cusip>
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          <isin value="US05609GAC24"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1980037.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>BACARDI LTD / MARTINI BV</name>
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          <isin value="US05635JAA88"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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          <isin value="US06051GJS93"/>
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        <balance>2224000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-24</maturityDt>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
        <lei>549300V1VT2NXKFG0H98</lei>
        <title>Barings Clo Ltd 2021-III</title>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>599453.40000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-18</maturityDt>
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      <invstOrSec>
        <name>BERRY GLOBAL INC</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global Inc</title>
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        <balance>1542000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1492195.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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        <name>BERRY GLOBAL INC</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global Inc</title>
        <cusip>08576PAL5</cusip>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334268.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
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      <invstOrSec>
        <name>Bridgecrest Lending Auto Securitization Trust</name>
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        <name>Village of Bridgeview IL</name>
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        <name>BRIXMOR OPERATING PART</name>
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        <name>BROADCOM INC</name>
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        <name>BROOKFIELD FINANCE INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Business Jet Securities, LLC</name>
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        <name>CBRE SERVICES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CNH INDUSTRIAL NV</name>
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        <name>COMM Mortgage Trust</name>
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        <name>COMM Mortgage Trust</name>
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        <name>CAIXABANK SA</name>
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        <name>CONSERVATION FUND</name>
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        <name>CONSTELLATION BRANDS INC</name>
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        <title>Constellation Brands Inc</title>
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        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>Corebridge Financial Inc</title>
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        <name>COX COMMUNICATIONS INC</name>
        <lei>5493001NEDZNIFRP2R92</lei>
        <title>Cox Communications Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CROWN CASTLE INC</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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      <invstOrSec>
        <name>CROWN CASTLE INC</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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      <invstOrSec>
        <name>DEUTSCHE BANK NY</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG/New York NY</title>
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          <isin value="US251526CP29"/>
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        <balance>457000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447816.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-16</maturityDt>
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      <invstOrSec>
        <name>DEUTSCHE BANK NY</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG/New York NY</title>
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          <isin value="US251526CS67"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157238.88000000</valUSD>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-18</maturityDt>
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      <invstOrSec>
        <name>DICK'S SPORTING GOODS</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>Dick's Sporting Goods Inc</title>
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          <isin value="US253393AF94"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
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      <invstOrSec>
        <name>DUKE ENERGY NC ST FDG II</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>ENI SPA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ELEMENT FLEET MANAGEMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ELEMENT FLEET MANAGEMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENBRIDGE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENEL AMERICAS SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT Trust 2024-EXTR</name>
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        <name>Freddie Mac</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae REMICS</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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      <invstOrSec>
        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>Freddie Mac</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>Freddie Mac</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <title>FREMF 2025-K169 Mortgage Trust</title>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>FHLMC Multifamily Structured Pass Through Certs.</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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      <invstOrSec>
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      <invstOrSec>
        <name>FLUTTER TREASURY DAC</name>
        <lei>635400JE8VLL9UFVIC38</lei>
        <title>Flutter Treasury DAC</title>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLP CAPITAL LP / FIN II</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool</title>
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          <isin value="US36200MN333"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae I Pool</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GXO LOGISTICS INC</name>
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        <title>GXO Logistics Inc</title>
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        <balance>625000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>HALEON US CAPITAL LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLS Auto Select Receivables Trust</name>
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        <name>Gainesville Hospital District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Golden State Tobacco Securitization Corp</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association</title>
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        <name>HOWARD UNIVERSITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HUMANA INC</name>
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        <title>Humana Inc</title>
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        <name>HUNTINGTON BANCSHARES</name>
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        <fairValLevel>2</fairValLevel>
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        <title>Hyundai Capital America</title>
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        <name>IQVIA INC</name>
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        <title>IQVIA Inc</title>
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        <name>ITC HOLDINGS CORP</name>
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        <name>JBS USA HOLD/FOOD/LUX CO</name>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <name>JDE PEET'S NV</name>
        <lei>724500EHG519SE5ZRT89</lei>
        <title>JDE Peet's NV</title>
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      <invstOrSec>
        <name>LKQ CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LPL HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAD Auto Receivables Trust</name>
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          <isin value="US505712AB53"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
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      <invstOrSec>
        <name>LIBERTY UTILITIES FIN</name>
        <lei>N/A</lei>
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          <isin value="US531546AB51"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LoanCore 2021-CRE6 Issuer, Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>LOW INCOME INVESTMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MFS Institutional Money Market Portfolio</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MPLX LP</name>
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        <name>MACQUARIE GROUP LTD</name>
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        <name>MACQUARIE GROUP LTD</name>
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        <name>MARRIOTT INTERNATIONAL</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>MIZUHO FINANCIAL GROUP</name>
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      </invstOrSec>
      <invstOrSec>
        <name>PFP III</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PFS Financing Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PFS Financing Corp.</name>
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          <isin value="US69335PFS92"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PSEG POWER LLC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
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      <invstOrSec>
        <name>PMT Loan Trust</name>
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          <isin value="US69383EBK64"/>
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        <balance>548888.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>548889.43000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-10-01</maturityDt>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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      <invstOrSec>
        <name>PACIFIC GAS &amp; ELECTRIC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Palmer Square Loan Funding Ltd</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Palmer Square Loan Funding Ltd</name>
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          <maturityDt>2033-02-15</maturityDt>
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        <name>PAYCHEX INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
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      <invstOrSec>
        <name>PENSKE TRUCK LEASING/PTL</name>
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      <invstOrSec>
        <name>PENSKE TRUCK LEASING/PTL</name>
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      <invstOrSec>
        <name>PHILIP MORRIS INTL INC</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PIONEER NATURAL RESOURCE</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>Pioneer Natural Resources Co</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PLAINS ALL AMER PIPELINE</name>
        <lei>N/A</lei>
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        <valUSD>1459171.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>BOOKING HOLDINGS INC</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings Inc</title>
        <cusip>741503BC9</cusip>
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        <name>Shackleton CLO LTD</name>
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      <invstOrSec>
        <name>Small Business Administration Participation Certs</name>
        <lei>N/A</lei>
        <title>United States Small Business Administration</title>
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          <isin value="US83162CPX55"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Small Business Administration Participation Certs</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUTHERN CAL EDISON</name>
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        <title>Southern California Edison Co</title>
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      <invstOrSec>
        <name>STANDARD CHARTERED PLC</name>
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        <title>Standard Chartered PLC</title>
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          <isin value="US853254CQ11"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STELLANTIS FIN US INC</name>
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        <title>Stellantis Finance US Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-29</maturityDt>
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      <invstOrSec>
        <name>STELLANTIS FIN US INC</name>
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          <maturityDt>2031-09-15</maturityDt>
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      <invstOrSec>
        <name>Syracuse Industrial Development Agency</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T-MOBILE USA INC</name>
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        <title>T-Mobile USA Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>TARGA RESOURCES PARTNERS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>TARGA RESOURCES CORP</name>
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          <maturityDt>2033-02-01</maturityDt>
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          <annualizedRt>4.20000000</annualizedRt>
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        <name>TARGA RESOURCES CORP</name>
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        <name>TENCENT HOLDINGS LTD</name>
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        <title>Tencent Holdings Ltd</title>
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        <name>3650R Commercial Mortgage Trust</name>
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        <name>TOLEDO HOSPITAL/THE</name>
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        <name>TOLL ROAD INV PART II</name>
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        <name>TOLL ROAD INV PART II</name>
        <lei>N/A</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTINGHOUSE AIR BRAKE</name>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
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      <invstOrSec>
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      </invstOrSec>
      <invstOrSec>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-11-14</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS INTERMEDIATE INCOME TRUST</ncom:nameOfApplicant>
      <ncom:signature>James Byrne</ncom:signature>
      <ncom:signerName>James Byrne</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>