<?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" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001992148</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>



    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Eagle Point Enhanced Income Trust</regName>
      <regFileNumber>811-23909</regFileNumber>
      <regCik>0001992148</regCik>
      <regLei>254900X2NX42WZSOAZ97</regLei>
      <regStreet1>600 Steamboat Road Suite 202</regStreet1>
      <regCity>Greenwich</regCity>
      <regStateConditional regCountry="US" regState="US-CT"/>
      <regZipOrPostalCode>06830</regZipOrPostalCode>
      <regPhone>2033408500</regPhone>
      <seriesName>Eagle Point Enhanced Income Trust</seriesName>
      <seriesLei>254900X2NX42WZSOAZ97</seriesLei>
      <repPdEnd>2025-09-30</repPdEnd>
      <repPdDate>2025-09-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>120286732.59</totAssets>
      <totLiabs>51000234.79</totLiabs>
      <netAssets>69286497.80</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>21000000.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>26768892.83000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>25000000.00000000</liquidPref>
      <cshNotRptdInCorD>4471672.58000000</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>EUR</curCd>
          <intrstRtRiskdv01 period10Yr="-194.34000000" period1Yr="0.00000000" period30Yr="-51.28000000" period3Mon="0.00000000" period5Yr="-23.19000000"/>
          <intrstRtRiskdv100 period10Yr="-19434.29000000" period1Yr="0.00000000" period30Yr="-5127.84000000" period3Mon="0.00000000" period5Yr="-2319.38000000"/>
        </curMetric>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="-1657.99000000" period1Yr="-177.26000000" period30Yr="-116.72000000" period3Mon="0.00000000" period5Yr="-2869.81000000"/>
          <intrstRtRiskdv100 period10Yr="-165799.01000000" period1Yr="-17725.85000000" period30Yr="-11671.99000000" period3Mon="0.00000000" period5Yr="-286981.34000000"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="-220.65000000" period1Yr="-182.85000000" period30Yr="-319.72000000" period3Mon="0.00000000" period5Yr="-1083.33000000"/>
      <creditSprdRiskNonInvstGrade period10Yr="-9678.83000000" period1Yr="-433.37000000" period30Yr="-836.13000000" period3Mon="0.00000000" period5Yr="-7021.37000000"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn rtn1="2.23000000" rtn2="-0.05000000" rtn3="1.50000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <foreignExchgContracts>
            <mon1 netRealizedGain="222232.94000000" netUnrealizedAppr="1221465.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="-389749.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="-321460.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="222232.94000000" netUnrealizedAppr="1221465.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="-389749.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="-321460.00000000"/>
            </forwardCategory>
          </foreignExchgContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="2615.54000000" netUnrealizedAppr="-128474.43000000"/>
        <othMon2 netRealizedGain="-454320.43000000" netUnrealizedAppr="572125.14000000"/>
        <othMon3 netRealizedGain="-711994.92000000" netUnrealizedAppr="1321549.80000000"/>
      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="95485.51000000" sales="1823443.75000000"/>
      <mon2Flow redemption="0.00000000" reinvestment="105627.57000000" sales="1479230.00000000"/>
      <mon3Flow redemption="0.00000000" reinvestment="105638.32000000" sales="1720719.00000000"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Santander Bank Auto CLN Series 2024-B</name>
        <lei>N/A</lei>
        <title>Credit Linked Note - Class G</title>
        <cusip>80280BAG3</cusip>
        <identifiers>
          <isin value="US80280BAG32"/>
        </identifiers>
        <balance>1343750.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1362400.98000000</valUSD>
        <pctVal>1.966329693748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.23100000</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>Delta Financial Holdings LLC</name>
        <lei>N/A</lei>
        <title>Common Units</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="DELTA_CS"/>
        </identifiers>
        <balance>0.23000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115.00000000</valUSD>
        <pctVal>0.000165977504</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>Ares LXIX CLO Ltd.</name>
        <lei>N/A</lei>
        <title>CLO Income Note</title>
        <cusip>04020KAA1</cusip>
        <identifiers>
          <isin value="US04020KAA16"/>
        </identifiers>
        <balance>2625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1696728.64000000</valUSD>
        <pctVal>2.448859004098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>BCC3C9V07</cusip>
        <identifiers>
          <isin value="FR001400KS18"/>
        </identifiers>
        <balance>942188.63000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>1121410.21000000</valUSD>
        <pctVal>1.618511897133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.76500000</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>Carmax Select Receivables Trust 2025-B</name>
        <lei>N/A</lei>
        <title>Class R Note</title>
        <cusip>14320BAH2</cusip>
        <identifiers>
          <isin value="US14320BAH24"/>
        </identifiers>
        <balance>1612.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1139113.31000000</valUSD>
        <pctVal>1.644062474175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>Forward Contracts: EUR 10/31/2025</name>
        <lei>N/A</lei>
        <title>Forward Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="103125EUR00008707"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
        <valUSD>8107.00000000</valUSD>
        <pctVal>0.011700692425</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Barclays Bank PLC</counterpartyName>
              <counterpartyLei>2549003Q5J2G7ALNU316</counterpartyLei>
            </counterparties>
            <amtCurSold>661195.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>569011.00000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2025-10-31</settlementDt>
            <unrealizedAppr>8107.00000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Leasing SPV III, LLC</name>
        <lei>N/A</lei>
        <title>Senior Secured Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DELTANOT"/>
        </identifiers>
        <balance>2244307.39970000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2244307.40000000</valUSD>
        <pctVal>3.239169926698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>13.00000000</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>Ready Term Holdings, LLC</name>
        <lei>N/A</lei>
        <title>Senior Secured Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="@AA3-280"/>
        </identifiers>
        <balance>2250000.00450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2172825.00000000</valUSD>
        <pctVal>3.136000619156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.77960000</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>AMMC CLO 28, Limited</name>
        <lei>254900FC26PFUHBI9J88</lei>
        <title>CLO Subordinated Note</title>
        <cusip>03166JAC6</cusip>
        <identifiers>
          <isin value="US03166JAC62"/>
        </identifiers>
        <balance>3375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2436563.17000000</valUSD>
        <pctVal>3.516649343474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding XL-R, Ltd.</name>
        <lei>N/A</lei>
        <title>CLO Income Note</title>
        <cusip>55822QAA0</cusip>
        <identifiers>
          <isin value="US55822QAA04"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1896579.81000000</valUSD>
        <pctVal>2.737300729897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Footprint International Holdco Inc</name>
        <lei>N/A</lei>
        <title>Senior Secured Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="DDTL-280"/>
        </identifiers>
        <balance>593225.21450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590792.99000000</valUSD>
        <pctVal>0.852681270895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.74400000</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>Coller Private Equity Backed Notes &amp; Loans II-A L.P.</name>
        <lei>N/A</lei>
        <title>Preferred Equity</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="AE8-2800"/>
        </identifiers>
        <balance>1335729.62000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1288136.32000000</valUSD>
        <pctVal>1.859144798627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</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>Dryden 90 CLO, Ltd.</name>
        <lei>549300BLIFMJ8T7AGX24</lei>
        <title>CLO Subordinated Note</title>
        <cusip>26251KAC0</cusip>
        <identifiers>
          <isin value="US26251KAC09"/>
        </identifiers>
        <balance>4350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1412873.21000000</valUSD>
        <pctVal>2.039175387502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autonoria Spain 2023 FT</name>
        <lei>959800XCSR4Q127ENL67</lei>
        <title>Class G Note</title>
        <cusip>BCC3C1T31</cusip>
        <identifiers>
          <isin value="ES0305733067"/>
        </identifiers>
        <balance>619972.39000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>735668.15000000</valUSD>
        <pctVal>1.061777075417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.37000000</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>Pomona Finance Limited</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2665503160"/>
        </identifiers>
        <balance>1794809.09000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>2111560.07000000</valUSD>
        <pctVal>3.047578008770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-29</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>16.92700000</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>SI Tickets</name>
        <lei>N/A</lei>
        <title>Common Equity</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="SITIX_CS"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236800.00000000</valUSD>
        <pctVal>0.341769330993</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>Calistoga 2025 I LLC</name>
        <lei>N/A</lei>
        <title>Limited Liability Company Interest</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CTOGA25I"/>
        </identifiers>
        <balance>1181338.14000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1236861.03000000</valUSD>
        <pctVal>1.785140062310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>CVC Structured Solutions 2, LLC</name>
        <lei>N/A</lei>
        <title>Subordinated Loan</title>
        <cusip>12690K105</cusip>
        <identifiers>
          <isin value="US12690K1051"/>
        </identifiers>
        <balance>302435.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300779.31000000</valUSD>
        <pctVal>0.434109558933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</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>Steamboat LX Ltd.</name>
        <lei>N/A</lei>
        <title>Loan Accumulation Facility</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="STEAMBLX"/>
        </identifiers>
        <balance>439000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>515409.43000000</valUSD>
        <pctVal>0.743881486819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granville USD Ltd</name>
        <lei>254900IYVE92LZDFP560</lei>
        <title>Class E2 Note</title>
        <cusip>BCC3BR9K9</cusip>
        <identifiers>
          <isin value="XS2654103832"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1741059.25000000</valUSD>
        <pctVal>2.512840604277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.88000000</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>Forward Contracts: EUR 10/31/2025</name>
        <lei>N/A</lei>
        <title>Forward Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="103125EUR00009782"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
        <valUSD>-2621.00000000</valUSD>
        <pctVal>-0.00378284381</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Barclays Bank PLC</counterpartyName>
              <counterpartyLei>2549003Q5J2G7ALNU316</counterpartyLei>
            </counterparties>
            <amtCurSold>480370.00000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>406161.00000000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2025-10-31</settlementDt>
            <unrealizedAppr>-2621.00000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ready Capital Corporation</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Senior Unsecured Note</title>
        <cusip>75574U838</cusip>
        <identifiers>
          <isin value="US75574U8383"/>
        </identifiers>
        <balance>15795.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>377342.55000000</valUSD>
        <pctVal>0.544611954683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Standard Chartered 9</name>
        <lei>N/A</lei>
        <title>Class B Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2554144613"/>
        </identifiers>
        <balance>870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>872738.59000000</valUSD>
        <pctVal>1.259608462992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.95100000</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>SI Tickets</name>
        <lei>N/A</lei>
        <title>Senior Secured Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SITIXTL"/>
        </identifiers>
        <balance>1143491.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017707.81000000</valUSD>
        <pctVal>1.468840022680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.50000000</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>Ares LXV CLO LTD.</name>
        <lei>N/A</lei>
        <title>CLO Subordinated Note</title>
        <cusip>04019GAC9</cusip>
        <identifiers>
          <isin value="US04019GAC96"/>
        </identifiers>
        <balance>1075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>636296.87000000</valUSD>
        <pctVal>0.918356231306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carlyle Credit Income Fund</name>
        <lei>N/A</lei>
        <title>Convertible Preferred Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CIFCNVP3"/>
        </identifiers>
        <balance>1540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1510971.00000000</valUSD>
        <pctVal>2.180758225594</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>BSD Capital Inc.</name>
        <lei>N/A</lei>
        <title>Senior Unsecured Note</title>
        <cusip>05603CAA1</cusip>
        <identifiers>
          <isin value="US05603CAA18"/>
        </identifiers>
        <balance>1341000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1212934.50000000</valUSD>
        <pctVal>1.750607316740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.95830000</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>Trinity Capital Inc</name>
        <lei>549300YGT4SBRQYDVU48</lei>
        <title>Common Equity</title>
        <cusip>896442308</cusip>
        <identifiers>
          <isin value="US8964423086"/>
        </identifiers>
        <balance>74896.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1159390.08000000</valUSD>
        <pctVal>1.673327584469</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>Manitoulin USD Ltd.</name>
        <lei>N/A</lei>
        <title>Manitoulin USD Ltd.</title>
        <cusip>316620230</cusip>
        <identifiers>
          <ticker value="31662023"/>
        </identifiers>
        <balance>485010.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>485010.00000000</valUSD>
        <pctVal>0.700006516998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</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>US Bank NA 2025-SUP1</name>
        <lei>N/A</lei>
        <title>Credit Linked Note - Class R</title>
        <cusip>90357PBJ2</cusip>
        <identifiers>
          <isin value="US90357PBJ21"/>
        </identifiers>
        <balance>2195758.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2252434.89000000</valUSD>
        <pctVal>3.250900191985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.84840000</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>Steamboat LVI Ltd.</name>
        <lei>N/A</lei>
        <title>Loan Accumulation Facility</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TEAMBLVI"/>
        </identifiers>
        <balance>1151750.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1164298.65000000</valUSD>
        <pctVal>1.680412038375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASPF Oceanus Co-Invest (Cayman), L.P.</name>
        <lei>N/A</lei>
        <title>ASPF Oceanus Co-Invest (Cayman), L.P.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ASPF2ND"/>
        </identifiers>
        <balance>158684.20800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138520.67000000</valUSD>
        <pctVal>0.199924479369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIFC Funding 2017-V Ltd</name>
        <lei>635400BTAKRBKGRV3X14</lei>
        <title>CLO Subordinated Note</title>
        <cusip>12551NAC1</cusip>
        <identifiers>
          <isin value="US12551NAC11"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>339721.55000000</valUSD>
        <pctVal>0.490314218191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTEGRATED MODULAR DATA CENTERS, LLC</name>
        <lei>N/A</lei>
        <title>Senior Secured Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IMDCDDTL"/>
        </identifiers>
        <balance>177669.80000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177669.80000000</valUSD>
        <pctVal>0.256427739374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.00000000</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>Manitoulin USD Ltd.</name>
        <lei>N/A</lei>
        <title>Class E Note</title>
        <cusip>BCC3CBL29</cusip>
        <identifiers>
          <isin value="XS2695400106"/>
        </identifiers>
        <balance>2211010.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2173415.84000000</valUSD>
        <pctVal>3.136853368276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.34320000</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>LOFT 2022-1</name>
        <lei>N/A</lei>
        <title>Class C Note</title>
        <cusip>25155KAY1</cusip>
        <identifiers>
          <isin value="XS2525742982"/>
        </identifiers>
        <balance>2930387.29500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3118134.28000000</valUSD>
        <pctVal>4.500349099763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>23.35470000</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>Morgan Stanley Eaton Vance CLO 2023-19, Ltd.</name>
        <lei>N/A</lei>
        <title>CLO Subordinated Note</title>
        <cusip>617926AC4</cusip>
        <identifiers>
          <isin value="US617926AC40"/>
        </identifiers>
        <balance>2100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1191230.92000000</valUSD>
        <pctVal>1.719282916331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Steamboat LIX Ltd.</name>
        <lei>N/A</lei>
        <title>Loan Accumulation Facility</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TEAMBLIX"/>
        </identifiers>
        <balance>1681375.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1687670.92000000</valUSD>
        <pctVal>2.435786153994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</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>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Environmental Improvement Revenue Bonds (Aymium Williams Project), Series 2022A</title>
        <cusip>130488AE9</cusip>
        <identifiers>
          <isin value="US130488AE91"/>
        </identifiers>
        <balance>540541.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>535568.02000000</valUSD>
        <pctVal>0.772976029970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</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>Aurium CLO XIII DAC</name>
        <lei>635400NUJFLZMWBUGF89</lei>
        <title>CLO Subordinated Note</title>
        <cusip>BCC3KFD20</cusip>
        <identifiers>
          <isin value="XS2982106739"/>
        </identifiers>
        <balance>905000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>988783.76000000</valUSD>
        <pctVal>1.427094443211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Opal SPV LLC</name>
        <lei>N/A</lei>
        <title>Common Units</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="OPALCOMU"/>
        </identifiers>
        <balance>620.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>335618.40000000</valUSD>
        <pctVal>0.484392212994</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>Glendower Capital Secondaries CFO, LLC</name>
        <lei>N/A</lei>
        <title>Subordinated Loan</title>
        <cusip>378654AG2</cusip>
        <identifiers>
          <isin value="US378654AG27"/>
        </identifiers>
        <balance>415895.99950000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416059.63000000</valUSD>
        <pctVal>0.600491644419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-13</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>57.11000000</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>Morgan Stanley Eaton Vance CLO 2023-19, Ltd.</name>
        <lei>N/A</lei>
        <title>Secured Note - Class E-R</title>
        <cusip>617926AE0</cusip>
        <identifiers>
          <isin value="US617926AE06"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>589542.72000000</valUSD>
        <pctVal>0.850876777899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.81750000</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>FCT Noria 2023</name>
        <lei>5493000E6Y1UIT6SE727</lei>
        <title>Class G Note</title>
        <cusip>BCC39ZZ66</cusip>
        <identifiers>
          <isin value="FR001400I3F8"/>
        </identifiers>
        <balance>1348870.75000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>1574121.16000000</valUSD>
        <pctVal>2.271901755727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.39300000</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>BNP Paribas</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>BCC3F4637</cusip>
        <identifiers>
          <isin value="FR001400OP09"/>
        </identifiers>
        <balance>790079.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>790091.95000000</valUSD>
        <pctVal>1.140326001583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.31940000</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>Banco Santander S.A.</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>XS2779782</cusip>
        <identifiers>
          <isin value="XS2779782965"/>
        </identifiers>
        <balance>520523.36000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>620519.15000000</valUSD>
        <pctVal>0.895584521808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.02900000</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>Standard Chartered 9</name>
        <lei>N/A</lei>
        <title>Class A Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2554135207"/>
        </identifiers>
        <balance>1380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1382752.27000000</valUSD>
        <pctVal>1.995702357465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.60100000</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>Setanta Finance DAC</name>
        <lei>N/A</lei>
        <title>Class B Note</title>
        <cusip>XS2936127</cusip>
        <identifiers>
          <isin value="XS2936127146"/>
        </identifiers>
        <balance>1948168.04000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>2292259.01000000</valUSD>
        <pctVal>3.308377653344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.87300000</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>Cassini SPV S.r.l.</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>ASSET7837</cusip>
        <identifiers>
          <isin value="IT0005656670"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>1472867.63000000</valUSD>
        <pctVal>2.125764292851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.00000000</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>ALP CFO 2025, L.P.</name>
        <lei>N/A</lei>
        <title>ALP CFO 2025, L.P.</title>
        <cusip>020529AD5</cusip>
        <identifiers>
          <isin value="US020529AD54"/>
        </identifiers>
        <balance>3250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3153866.58000000</valUSD>
        <pctVal>4.551920908318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</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>FCT Junon 2023</name>
        <lei>N/A</lei>
        <title>Class AR Note</title>
        <cusip>BCC3LCBC6</cusip>
        <identifiers>
          <isin value="FR001400Y1W7"/>
        </identifiers>
        <balance>2494346.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>2951613.29000000</valUSD>
        <pctVal>4.260012244405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-09</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.74300000</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>Delta Financial Holdings LLC</name>
        <lei>N/A</lei>
        <title>Preferred Units</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="DELTA_PF"/>
        </identifiers>
        <balance>50.58100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50590.61000000</valUSD>
        <pctVal>0.073016549553</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>PenFed Auto Receivables Owner Trust 2025-A</name>
        <lei>N/A</lei>
        <title>Class R Note</title>
        <cusip>706917AB7</cusip>
        <identifiers>
          <isin value="US706917AB76"/>
        </identifiers>
        <balance>5250.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>786827.41000000</valUSD>
        <pctVal>1.135614347648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>Forward Contracts: EUR 10/31/2025</name>
        <lei>N/A</lei>
        <title>Forward Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="103125EUR00008003"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
        <valUSD>-326946.00000000</valUSD>
        <pctVal>-0.47187548856</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Barclays Bank PLC</counterpartyName>
              <counterpartyLei>2549003Q5J2G7ALNU316</counterpartyLei>
            </counterparties>
            <amtCurSold>25354065.60000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>29495893.00000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-10-31</settlementDt>
            <unrealizedAppr>-326946.00000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carvana Auto Receivables Trust 2025-N1</name>
        <lei>N/A</lei>
        <title>Class EX5 Note</title>
        <cusip>14688XAN7</cusip>
        <identifiers>
          <isin value="US14688XAN75"/>
        </identifiers>
        <balance>3571.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1135158.95000000</valUSD>
        <pctVal>1.638355215004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</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>Adamas Trust, Inc.</name>
        <lei>549300JFGR0M7ULHWG48</lei>
        <title>Preferred Equity</title>
        <cusip>649604865</cusip>
        <identifiers>
          <isin value="US6496048652"/>
        </identifiers>
        <balance>5962.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135635.50000000</valUSD>
        <pctVal>0.195760363572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Bowling Green Park CLO, LLC</name>
        <lei>N/A</lei>
        <title>CLO Subordinated Note</title>
        <cusip>00871QAC2</cusip>
        <identifiers>
          <isin value="US00871QAC24"/>
        </identifiers>
        <balance>1075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>689551.98000000</valUSD>
        <pctVal>0.995218407474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>BCC3HKVT4</cusip>
        <identifiers>
          <isin value="FR001400SCB5"/>
        </identifiers>
        <balance>1129943.13000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>1345696.93000000</valUSD>
        <pctVal>1.942221028236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.79200000</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>FinAccel Pte Ltd</name>
        <lei>N/A</lei>
        <title>Equity Warrant</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="INAPIKWR"/>
        </identifiers>
        <balance>4342.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>213628.53000000</valUSD>
        <pctVal>0.308326350419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Warrants that do not meet the definition of a derivative."/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henley CLO XI DAC</name>
        <lei>6354004ZEQIYPXESRG76</lei>
        <title>CLO Subordinated Note</title>
        <cusip>BCC3KSQW2</cusip>
        <identifiers>
          <isin value="XS2893033329"/>
        </identifiers>
        <balance>430000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>511650.24000000</valUSD>
        <pctVal>0.738455913123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glendower Capital Secondaries CFO, LLC</name>
        <lei>N/A</lei>
        <title>Collateralized Fund Obligation Debt, Senior Secured Loan, Class B</title>
        <cusip>378654AC1</cusip>
        <identifiers>
          <isin value="US378654AC13"/>
        </identifiers>
        <balance>398428.99860000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>410000.89000000</valUSD>
        <pctVal>0.591747170110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</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>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Environmental Improvement Revenue Bonds (Aymium Williams Project), Series 2022A</title>
        <cusip>130488AF6</cusip>
        <identifiers>
          <isin value="US130488AF66"/>
        </identifiers>
        <balance>735135.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>728371.76000000</valUSD>
        <pctVal>1.051246322339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</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>Carvana Auto Receivables Trust 2025-P3</name>
        <lei>N/A</lei>
        <title>Class R Note</title>
        <cusip>14688AAK3</cusip>
        <identifiers>
          <isin value="US14688AAK34"/>
        </identifiers>
        <balance>4850.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3417024.71000000</valUSD>
        <pctVal>4.931732470969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>TRAFIN 2023-1</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>251525BA8</cusip>
        <identifiers>
          <isin value="XS2727598984"/>
        </identifiers>
        <balance>1125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1154375.78000000</valUSD>
        <pctVal>1.666090532288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.28000000</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>Oxford Lane Capital Corp.</name>
        <lei>549300G3KO4JNQQD7Z72</lei>
        <title>Common Equity</title>
        <cusip>691543847</cusip>
        <identifiers>
          <isin value="US6915438476"/>
        </identifiers>
        <balance>49441.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>837036.13000000</valUSD>
        <pctVal>1.208079721991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Delta Leasing SPV III, LLC</name>
        <lei>N/A</lei>
        <title>Common Equity</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="DELTA_SP"/>
        </identifiers>
        <balance>3.52000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>124872.00000000</valUSD>
        <pctVal>0.180225590793</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>B. Riley Financial, Inc.</name>
        <lei>529900LRQ75IKIPK4990</lei>
        <title>Senior Unsecured Note</title>
        <cusip>05580M827</cusip>
        <identifiers>
          <isin value="US05580M8275"/>
        </identifiers>
        <balance>2431.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57857.80000000</valUSD>
        <pctVal>0.083505158778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Sculptor European CLO XII DAC</name>
        <lei>635400KACXXM4HB1LP40</lei>
        <title>CLO Subordinated Note</title>
        <cusip>BCC3JP743</cusip>
        <identifiers>
          <isin value="XS2949616663"/>
        </identifiers>
        <balance>1395000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>1298209.72000000</valUSD>
        <pctVal>1.873683562051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Footprint International Holdco Inc</name>
        <lei>N/A</lei>
        <title>Senior Secured Term Loan C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="PTLC-280"/>
        </identifiers>
        <balance>652128.78870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>649455.06000000</valUSD>
        <pctVal>0.937347218609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.74400000</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>GATE 2025-1</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>BCC3LQKD3</cusip>
        <identifiers>
          <isin value="XS3046340579"/>
        </identifiers>
        <balance>2900000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>3416521.41000000</valUSD>
        <pctVal>4.931006066812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.79100000</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>Ares LXXVI CLO Ltd.</name>
        <lei>N/A</lei>
        <title>CLO Income Note</title>
        <cusip>039958AA1</cusip>
        <identifiers>
          <isin value="US039958AA16"/>
        </identifiers>
        <balance>2100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1581230.95000000</valUSD>
        <pctVal>2.282163192263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Environmental Improvement Revenue Bonds (Aymium Williams Project), Series 2022A</title>
        <cusip>130488AK5</cusip>
        <identifiers>
          <isin value="US130488AK51"/>
        </identifiers>
        <balance>130245.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129046.75000000</valUSD>
        <pctVal>0.186250935027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</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>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Environmental Improvement Revenue Bonds (Aymium Williams Project), Series 2022A</title>
        <cusip>130488AJ8</cusip>
        <identifiers>
          <isin value="US130488AJ88"/>
        </identifiers>
        <balance>1693179.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1677601.75000000</valUSD>
        <pctVal>2.421253495655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</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 IV LLC</name>
        <lei>254900IL0Y4FJA2T1M42</lei>
        <title>Class C Note</title>
        <cusip>91825NAJ0</cusip>
        <identifiers>
          <isin value="US91825NAJ00"/>
        </identifiers>
        <balance>2401156.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2398916.59000000</valUSD>
        <pctVal>3.462314687812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.73200000</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>Glendower Capital Secondaries CFO, LLC</name>
        <lei>N/A</lei>
        <title>Collateralized Fund Obligation Debt, Senior Secured Loan, Class C</title>
        <cusip>378654AE7</cusip>
        <identifiers>
          <isin value="US378654AE78"/>
        </identifiers>
        <balance>182440.00220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188804.20000000</valUSD>
        <pctVal>0.272497825687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>14.50000000</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>Aqueduct European CLO 5-2020 DAC</name>
        <lei>549300FPTK2DTC747F81</lei>
        <title>Class M-2 Note</title>
        <cusip>BCC2P4K24</cusip>
        <identifiers>
          <isin value="XS2210217381"/>
        </identifiers>
        <balance>973000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>682347.95000000</valUSD>
        <pctVal>0.984820955981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FinAccel Pte Ltd</name>
        <lei>N/A</lei>
        <title>Senior Secured Class C Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="CBLN-280"/>
        </identifiers>
        <balance>1491335.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1510722.36000000</valUSD>
        <pctVal>2.180399367797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.00000000</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>OCP Euro CLO 2022-6 DAC</name>
        <lei>635400KHBQOJVEDAGW16</lei>
        <title>CLO Subordinated Note</title>
        <cusip>BCC38F2G5</cusip>
        <identifiers>
          <isin value="XS2559001610"/>
        </identifiers>
        <balance>625000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>641011.41000000</valUSD>
        <pctVal>0.925160645080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALP CFO 2024, L.P.</name>
        <lei>N/A</lei>
        <title>Subordinated Note</title>
        <cusip>00165VAG7</cusip>
        <identifiers>
          <isin value="US00165VAG77"/>
        </identifiers>
        <balance>2036000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1576485.59000000</valUSD>
        <pctVal>2.275314296517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Opal SPV LLC</name>
        <lei>N/A</lei>
        <title>Senior Secured Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="OPALPREF"/>
        </identifiers>
        <balance>3386654.81320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3097095.83000000</valUSD>
        <pctVal>4.469984669942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>14.00000000</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>Standard Chartered 1</name>
        <lei>N/A</lei>
        <title>Class B Note</title>
        <cusip>778926691</cusip>
        <identifiers>
          <isin value="XS2778926696"/>
        </identifiers>
        <balance>744000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>764229.36000000</valUSD>
        <pctVal>1.102998974209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>15.09110000</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>Aqueduct European CLO 5-2020 DAC</name>
        <lei>549300FPTK2DTC747F81</lei>
        <title>Class M-1 Note</title>
        <cusip>BCC2P4K16</cusip>
        <identifiers>
          <isin value="XS2210216813"/>
        </identifiers>
        <balance>962000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>655538.34000000</valUSD>
        <pctVal>0.946127111074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SI Tickets</name>
        <lei>N/A</lei>
        <title>Senior Secured Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SITIXDD"/>
        </identifiers>
        <balance>-857143.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-94285.73000000</valUSD>
        <pctVal>-0.13608095804</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-28</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.50000000</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>Gregory SPV S.r.l</name>
        <lei>N/A</lei>
        <title>Credit Linked Note</title>
        <cusip>ASSET7439</cusip>
        <identifiers>
          <isin value="IT0005641193"/>
        </identifiers>
        <balance>3232320.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>3797258.19000000</valUSD>
        <pctVal>5.480516854757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.87300000</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>CIFC Funding 2025-V, Ltd.</name>
        <lei>N/A</lei>
        <title>CLO Income Note</title>
        <cusip>12575TAA4</cusip>
        <identifiers>
          <isin value="US12575TAA43"/>
        </identifiers>
        <balance>3425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2778718.47000000</valUSD>
        <pctVal>4.010476150809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cross Trails Energy Storage Project, LLC</name>
        <lei>N/A</lei>
        <title>Senior Secured Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="RAIL-280"/>
        </identifiers>
        <balance>2806243.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2770717.42000000</valUSD>
        <pctVal>3.998928374180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.19590000</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>Horizon Technology Finance Corporation</name>
        <lei>N/A</lei>
        <title>Convertible Senior Unsecured Note</title>
        <cusip>HRZNCNVP2</cusip>
        <identifiers>
          <ticker value="HRZNCBP2"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>950550.00000000</valUSD>
        <pctVal>1.371912320844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Arbor Realty Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Preferred Stock, Series F</title>
        <cusip>038923850</cusip>
        <identifiers>
          <isin value="US0389238504"/>
        </identifiers>
        <balance>25690.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>580594.00000000</valUSD>
        <pctVal>0.837961245603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Franklin BSP Realty Trust, Inc.</name>
        <lei>549300LH3QNZK9Y1KC93</lei>
        <title>Common Equity</title>
        <cusip>35243J101</cusip>
        <identifiers>
          <isin value="US35243J1016"/>
        </identifiers>
        <balance>10452.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113508.72000000</valUSD>
        <pctVal>0.163825165947</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>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Environmental Improvement Revenue Bonds (Aymium Williams Project), Series 2022A</title>
        <cusip>130488AH2</cusip>
        <identifiers>
          <isin value="US130488AH23"/>
        </identifiers>
        <balance>360360.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>357044.69000000</valUSD>
        <pctVal>0.515316405558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12.25000000</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>Blackrock European CLO XV DAC</name>
        <lei>635400IJBX53XCPMHB27</lei>
        <title>CLO Subordinated Note</title>
        <cusip>BCC3JQ964</cusip>
        <identifiers>
          <isin value="XS2952454416"/>
        </identifiers>
        <balance>810000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>812424.21000000</valUSD>
        <pctVal>1.172557764927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cross Trails Energy Storage Project, LLC</name>
        <lei>N/A</lei>
        <title>Senior Secured Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="RAIL-285"/>
        </identifiers>
        <balance>-2103946.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2103946.65000000</valUSD>
        <pctVal>-3.03658969179</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.20000000</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>Footprint International Holdco Inc</name>
        <lei>N/A</lei>
        <title>Equity Warrant</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FOOTPWRN"/>
        </identifiers>
        <balance>4009.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>260.59000000</valUSD>
        <pctVal>0.000376105025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Warrants that do not meet the definition of a derivative."/>
        <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>KKR CLO 16 Ltd.</name>
        <lei>254900VCKMCY079T6M57</lei>
        <title>Secured Note - Class D-R2</title>
        <cusip>BCC32BJP2</cusip>
        <identifiers>
          <isin value="USG52784AD00"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1173322.92000000</valUSD>
        <pctVal>1.693436610675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.69710000</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>CVC Structured Solutions 2, LLC</name>
        <lei>N/A</lei>
        <title>Rated Feeder Fund Debt, Senior Secured Loan, Class C</title>
        <cusip>12690KAC9</cusip>
        <identifiers>
          <isin value="US12690KAC99"/>
        </identifiers>
        <balance>82449.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81588.22000000</valUSD>
        <pctVal>0.117754862189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</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>FinAccel Pte Ltd</name>
        <lei>N/A</lei>
        <title>Equity Warrant</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="INAWRNTC"/>
        </identifiers>
        <balance>1874.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>57100.78000000</valUSD>
        <pctVal>0.082412564948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Warrants that do not meet the definition of a derivative."/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dawson Rated Fund 6-R2 LP</name>
        <lei>N/A</lei>
        <title>Rated Feeder Fund Debt, Senior Secured Loan, Class C</title>
        <cusip>23942LAD8</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="LAD8-280"/>
        </identifiers>
        <balance>1379960.87900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1441507.13000000</valUSD>
        <pctVal>2.080502227376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>13.54000000</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>Carvana Auto Receivables Trust 2024-P4</name>
        <lei>N/A</lei>
        <title>Class R Note</title>
        <cusip>14076LAK9</cusip>
        <identifiers>
          <isin value="US14076LAK98"/>
        </identifiers>
        <balance>2937.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1292984.37000000</valUSD>
        <pctVal>1.866141905068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>Avoca CLO XXXI DAC</name>
        <lei>254900A0IMPMIXP8BN96</lei>
        <title>CLO Subordinated Note</title>
        <cusip>BCC3GV7T8</cusip>
        <identifiers>
          <isin value="XS2868167383"/>
        </identifiers>
        <balance>820000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85175000"/>
        <valUSD>756792.17000000</valUSD>
        <pctVal>1.092265006934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frazier Healthcare Credit SPV II, L.P.</name>
        <lei>N/A</lei>
        <title>Frazier Healthcare Credit SPV II, L.P.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="360HEALT"/>
        </identifiers>
        <balance>1865625.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2180729.06000000</valUSD>
        <pctVal>3.147408411801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Eagle Point Enhanced Income Trust</ncom:nameOfApplicant>
      <ncom:signature>Thomas P. Majewski</ncom:signature>
      <ncom:signerName>Thomas P. Majewski</ncom:signerName>
      <ncom:title>Chief Executive Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>