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      </invstOrSec>
      <invstOrSec>
        <name>Bain Capital Credit CLO, Limit</name>
        <lei>N/A</lei>
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        <cusip>05684QAA2</cusip>
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          <isin value="US05684QAA22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
        <lei>549300ZI2PPUCDLS2Y70</lei>
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        <cusip>06762KAE0</cusip>
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          <isin value="US06762KAE01"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-15</maturityDt>
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      <invstOrSec>
        <name>Babson CLO Ltd</name>
        <lei>549300KMDW0AZOKOC583</lei>
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          <isin value="US067937AA05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>549300CIOPBDYOSN3T91</lei>
        <title>BSP 2017-12A SUB</title>
        <cusip>08179JAB2</cusip>
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          <isin value="US08179JAB26"/>
          <ticker value="BSP"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>5493001ND55H5MJDIQ39</lei>
        <title>BSP 2019-17A ER2</title>
        <cusip>08182AAG5</cusip>
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          <isin value="US08182AAG58"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>754240.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-15</maturityDt>
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      <invstOrSec>
        <name>Benefit Street Partners CLO Lt</name>
        <lei>549300DICNUWMUKL3816</lei>
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        <cusip>08186FAE5</cusip>
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          <isin value="US08186FAE51"/>
          <ticker value="BSP"/>
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        <balance>1150000.00000000</balance>
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        <valUSD>1145016.02000000</valUSD>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-25</maturityDt>
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          <annualizedRt>8.45798040</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CBAMR Ltd</name>
        <lei>N/A</lei>
        <title>CBAM 2018-8A E2R</title>
        <cusip>12478FAG9</cusip>
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          <isin value="US12478FAG90"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>759447.68000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.27454039</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>254900RRJV30GDUWIX97</lei>
        <title>CIFC 2019-1A ER</title>
        <cusip>12553BAG6</cusip>
        <identifiers>
          <isin value="US12553BAG68"/>
          <ticker value="CIFC"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1261147.75000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.63443879</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>254900SVOWCOSOG16T40</lei>
        <title>CIFC 2019-3A ER2</title>
        <cusip>12554UAG3</cusip>
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          <isin value="US12554UAG31"/>
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        <balance>1250000.00000000</balance>
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        <valUSD>1253524.13000000</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-16</maturityDt>
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          <annualizedRt>8.89363080</annualizedRt>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC 2021-5A ER</title>
        <cusip>12565HAE4</cusip>
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          <isin value="US12565HAE45"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450875.12000000</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>N/A</lei>
        <title>CIFC 2021-2A ER</title>
        <cusip>12565TAE8</cusip>
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          <isin value="US12565TAE82"/>
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        <balance>500000.00000000</balance>
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        <valUSD>499996.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Canyon CLO 2021-3 Ltd</name>
        <lei>254900YKW562N0UZ4846</lei>
        <title>CANYC 2021-3A ER</title>
        <cusip>13875NAE4</cusip>
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          <isin value="US13875NAE40"/>
          <ticker value="CANYC"/>
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        <balance>500000.00000000</balance>
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        <valUSD>483280.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.90453959</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
        <lei>N/A</lei>
        <title>CGMS 2019-3A DRR</title>
        <cusip>14314KAJ6</cusip>
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          <isin value="US14314KAJ60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-04-20</maturityDt>
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        <name>Carlyle Global Market Strategi</name>
        <lei>549300VC6J79YJCFU884</lei>
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          <isin value="US14315KAG13"/>
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        <name>Carlyle Global Market Strategi</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle Global Market Strategi</name>
        <lei>N/A</lei>
        <title>CGMS 2024-2A E</title>
        <cusip>14319AAA2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CIFC Funding Ltd</name>
        <lei>635400A7PBKNR7KBOY58</lei>
        <title>CIFC 2018-2A SUB</title>
        <cusip>17180YAC5</cusip>
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        <balance>1250000.00000000</balance>
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        <valUSD>445750.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>N/A</lei>
        <title>DRSLF 2021-87A ER</title>
        <cusip>26246HAE1</cusip>
        <identifiers>
          <isin value="US26246HAE18"/>
          <ticker value="DRSLF"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>996443.40000000</valUSD>
        <pctVal>1.897130784044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.23896160</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elmwood CLO 27 Ltd</name>
        <lei>N/A</lei>
        <title>ELM27 2024-3A E</title>
        <cusip>29001DAA7</cusip>
        <identifiers>
          <isin value="US29001DAA72"/>
          <ticker value="ELM27"/>
        </identifiers>
        <balance>660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>665898.09000000</valUSD>
        <pctVal>1.267804840270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.13443919</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elmwood CLO 35 Ltd</name>
        <lei>N/A</lei>
        <title>ELM35 2024-11A E</title>
        <cusip>29004RAA3</cusip>
        <identifiers>
          <isin value="US29004RAA32"/>
          <ticker value="ELM35"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1510080.60000000</valUSD>
        <pctVal>2.875045780470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.13443840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elmwood CLO 46 Ltd</name>
        <lei>N/A</lei>
        <title>ELM46 2025-9A E</title>
        <cusip>29005HAA4</cusip>
        <identifiers>
          <isin value="US29005HAA41"/>
          <ticker value="ELM46"/>
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        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1249812.38000000</valUSD>
        <pctVal>2.379520543141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.68337999</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Garnet CLO Ltd</name>
        <lei>N/A</lei>
        <title>GARNET 2025-2A E</title>
        <cusip>36626EAA5</cusip>
        <identifiers>
          <isin value="US36626EAA55"/>
          <ticker value="GARNET"/>
        </identifiers>
        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416248.40000000</valUSD>
        <pctVal>0.792496245596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.33082920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kennedy Lewis CLO Ltd</name>
        <lei>254900V675MOVWK0HA08</lei>
        <title>GNRT 6A ER2</title>
        <cusip>37148HAC1</cusip>
        <identifiers>
          <isin value="US37148HAC16"/>
          <ticker value="KLLM"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>979491.20000000</valUSD>
        <pctVal>1.864855453125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.10735000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kennedy Lewis CLO Ltd</name>
        <lei>N/A</lei>
        <title>GNRT 2025-19A E</title>
        <cusip>37150KAA3</cusip>
        <identifiers>
          <isin value="US37150KAA34"/>
          <ticker value="KLLM"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1205318.88000000</valUSD>
        <pctVal>2.294809270489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.85735080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GoldenTree Loan Management US</name>
        <lei>254900NWYEI4MM854T50</lei>
        <title>GLM 2025-25A E</title>
        <cusip>38139YAA7</cusip>
        <identifiers>
          <isin value="US38139YAA73"/>
          <ticker value="GLM"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>754963.05000000</valUSD>
        <pctVal>1.437375813790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.63443879</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rad CLO Ltd</name>
        <lei>N/A</lei>
        <title>RAD 2021-10A E</title>
        <cusip>48662MAA7</cusip>
        <identifiers>
          <isin value="US48662MAA71"/>
          <ticker value="RAD"/>
        </identifiers>
        <balance>457240.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448119.30000000</valUSD>
        <pctVal>0.853175322305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-23</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.97140959</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lodi Park CLO Ltd</name>
        <lei>391200GQ88V33AWI7H75</lei>
        <title>LODI 2024-1A E</title>
        <cusip>540365AA1</cusip>
        <identifiers>
          <isin value="US540365AA10"/>
          <ticker value="LODI"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004697.70000000</valUSD>
        <pctVal>1.912846163995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.51995879</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
        <lei>N/A</lei>
        <title>MDPK 2018-28A ER</title>
        <cusip>55821BAG1</cusip>
        <identifiers>
          <isin value="US55821BAG14"/>
          <ticker value="MDPK"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>953572.90000000</valUSD>
        <pctVal>1.815509544666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.25453880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meacham Park CLO, Ltd.</name>
        <lei>254900ZA60EDHY111387</lei>
        <title>MCHPK 2024-1A E</title>
        <cusip>58286RAA1</cusip>
        <identifiers>
          <isin value="US58286RAA14"/>
          <ticker value="MCHPK"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>750909.38000000</valUSD>
        <pctVal>1.429658022548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.23443920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300VBBLOSKH8XQ869</lei>
        <title>NEUB 2016-21A SUB</title>
        <cusip>64130YAE4</cusip>
        <identifiers>
          <isin value="US64130YAE41"/>
          <ticker value="NEUB"/>
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        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>812000.00000000</valUSD>
        <pctVal>1.545968588525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman CLO Ltd</name>
        <lei>549300LCOEVXWN75LP18</lei>
        <title>NEUB 2021-46A ER</title>
        <cusip>64134RAL9</cusip>
        <identifiers>
          <isin value="US64134RAL96"/>
          <ticker value="NEUB"/>
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        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1249863.75000000</valUSD>
        <pctVal>2.379618346597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.03444119</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>254900U8BS6KLMI9K654</lei>
        <title>OCP 2016-12A E1R3</title>
        <cusip>67092TAL8</cusip>
        <identifiers>
          <isin value="US67092TAL89"/>
          <ticker value="OCP"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1006418.80000000</valUSD>
        <pctVal>1.916122970076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.88444080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>254900M77QLN2EBJHE11</lei>
        <title>OCP 2017-13A ER2</title>
        <cusip>67097NAJ1</cusip>
        <identifiers>
          <isin value="US67097NAJ19"/>
          <ticker value="OCP"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995445.40000000</valUSD>
        <pctVal>1.895230689646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.76996079</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>Oak Hill Credit Partners</name>
        <lei>549300LXLBAFTIMXZT54</lei>
        <title>OAKC 2012-7A ER4</title>
        <cusip>67102UAK5</cusip>
        <identifiers>
          <isin value="US67102UAK51"/>
          <ticker value="OAKC"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>993963.10000000</valUSD>
        <pctVal>1.892408535411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.38896120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OHA Loan Funding Ltd</name>
        <lei>25490072LQI0R2J4XC93</lei>
        <title>OHALF 2015-1A ER4</title>
        <cusip>67109CBG6</cusip>
        <identifiers>
          <isin value="US67109CBG69"/>
          <ticker value="OHALF"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750183.68000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-19</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>2549003HLFPQ7ATPYA23</lei>
        <title>OCP 2019-17A ER2</title>
        <cusip>67113MAG9</cusip>
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          <isin value="US67113MAG96"/>
          <ticker value="OCP"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001441.90000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-20</maturityDt>
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          <annualizedRt>10.13443919</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>254900V271655KJK1382</lei>
        <title>OCP 2022-25A ER</title>
        <cusip>67116FAQ9</cusip>
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          <isin value="US67116FAQ90"/>
          <ticker value="OCP"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502945.55000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>9.73443960</annualizedRt>
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      <invstOrSec>
        <name>OCP CLO Ltd</name>
        <lei>N/A</lei>
        <title>OCP 2024-36A SUB</title>
        <cusip>67119VAC2</cusip>
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          <isin value="US67119VAC28"/>
          <ticker value="OCP"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>655830.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OHA Credit Partners Ltd</name>
        <lei>N/A</lei>
        <title>OHACP 2024-17A E</title>
        <cusip>67120NAA1</cusip>
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          <isin value="US67120NAA19"/>
          <ticker value="OHACP"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004697.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-18</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
        <lei>N/A</lei>
        <title>OAKCL 2020-1A ERR</title>
        <cusip>67402GAG2</cusip>
        <identifiers>
          <isin value="US67402GAG29"/>
          <ticker value="OAKCL"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497514.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oaktree CLO Ltd</name>
        <lei>2549005VHJ8BB9WPL105</lei>
        <title>OAKCL 2024-27A E</title>
        <cusip>67402VAA2</cusip>
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          <isin value="US67402VAA26"/>
          <ticker value="OAKCL"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502985.85000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-22</maturityDt>
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          <annualizedRt>9.45735119</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oak Hill Credit Partners</name>
        <lei>N/A</lei>
        <title>OAKC 2022-12RA E</title>
        <cusip>676917AA5</cusip>
        <identifiers>
          <isin value="US676917AA56"/>
          <ticker value="OAKC"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>749616.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.17589959</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rad CLO Ltd</name>
        <lei>N/A</lei>
        <title>RAD 2019-3A E1R2</title>
        <cusip>749987AA1</cusip>
        <identifiers>
          <isin value="US749987AA15"/>
          <ticker value="RAD"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>460408.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.78454080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Regatta XIX Funding Ltd</name>
        <lei>N/A</lei>
        <title>REG19 2022-1A SUB</title>
        <cusip>75888CAE2</cusip>
        <identifiers>
          <isin value="US75888CAE21"/>
          <ticker value="REG19"/>
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        <balance>605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>348050.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regatta XII Funding Ltd.</name>
        <lei>2549001ZYXDVCT6R4I31</lei>
        <title>REG12 2019-1A ERR</title>
        <cusip>75888LAQ5</cusip>
        <identifiers>
          <isin value="US75888LAQ59"/>
          <ticker value="REG12"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>498425.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.80453960</annualizedRt>
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      <invstOrSec>
        <name>Regatta XXVIII Funding Ltd.</name>
        <lei>N/A</lei>
        <title>REG28 2024-2A E</title>
        <cusip>75901QAA2</cusip>
        <identifiers>
          <isin value="US75901QAA22"/>
          <ticker value="REG28"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502989.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.70798040</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>RR Ltd</name>
        <lei>N/A</lei>
        <title>RRAM 2023-27A DR</title>
        <cusip>78110WAL6</cusip>
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          <isin value="US78110WAL63"/>
          <ticker value="RRAM"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>577881.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.75454120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shackleton CLO LTD</name>
        <lei>549300HOHPZON6E4VH77</lei>
        <title>SHACK 2019-14A ERR</title>
        <cusip>81880YAJ9</cusip>
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          <isin value="US81880YAJ91"/>
          <ticker value="SHACK"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>545646.36000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-20</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Treasury Portfolio</name>
        <lei>5493004B3TM8ZIDDDC39</lei>
        <title>INVESCO TREASURY PORTFOLIO INSTITUTIONAL CLASS</title>
        <cusip>825252406</cusip>
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          <isin value="US8252524066"/>
          <ticker value="TRPXX"/>
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        <balance>104119.67000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104119.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sixth Street CLO XVI, LTD.</name>
        <lei>N/A</lei>
        <title>SIXST 2023-22A ER</title>
        <cusip>83011NAE2</cusip>
        <identifiers>
          <isin value="US83011NAE22"/>
          <ticker value="SIXST"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1248478.38000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-21</maturityDt>
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      <invstOrSec>
        <name>Sixth Street CLO XVI, LTD.</name>
        <lei>254900750L60VUYV0C32</lei>
        <title>SIXST 2024-24A E</title>
        <cusip>83011UAA4</cusip>
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          <isin value="US83011UAA43"/>
          <ticker value="SIXST"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>805257.20000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-04-23</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Sixth Street CLO XVI, LTD.</name>
        <lei>N/A</lei>
        <title>SIXST 2025-28A E</title>
        <cusip>83013UAA2</cusip>
        <identifiers>
          <isin value="US83013UAA25"/>
          <ticker value="SIXST"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1266604.38000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.31996080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Voya CLO Ltd</name>
        <lei>N/A</lei>
        <title>VOYA 2024-2A E</title>
        <cusip>92920JAA0</cusip>
        <identifiers>
          <isin value="US92920JAA07"/>
          <ticker value="VOYA"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>379937.44000000</valUSD>
        <pctVal>0.723363728873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.93444120</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>Voya CLO Ltd</name>
        <lei>N/A</lei>
        <title>VOYA 2024-7A E</title>
        <cusip>92920UAA5</cusip>
        <identifiers>
          <isin value="US92920UAA51"/>
          <ticker value="VOYA"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>751428.30000000</valUSD>
        <pctVal>1.430645995479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.13443840</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>OCTAGON XAI CLO INCOME FUND</ncom:nameOfApplicant>
      <ncom:signature>Derek Mullins</ncom:signature>
      <ncom:signerName>Derek Mullins</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>