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        <name>BBUBS 2012-TFT B V/R 06/05/20</name>
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        <name>CAUTO 2017-1A  3.87% 04/15/22</name>
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        <name>T/L VISTRA OPERAT ZCP 12/31/25</name>
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        <name>EXPEDIA GROUP I 5.95% 08/15/20</name>
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        <name>CAALT 2017-3A  2.65% 01/15/21</name>
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        <name>SHNTN 2015-1A  4.75% 11/15/27</name>
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        <name>T/L ARIA ENERGY OP 0% 5/27/22</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MCA 2017-1 A V/R 02/16/21</name>
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        <name>FS KKR CAPITAL 4.125% 02/01/25</name>
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        <name>OSCAR 2019-2A  2.49% 07/12/21</name>
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        <name>FCRT 2020-1 A2 1.97% 09/15/23</name>
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        <title>FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2020-1 SER 2020-1 CL A2 REGD 144A P/P 1.97000000</title>
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        <name>HFLF 2017-1 A2 2.13% 04/10/31</name>
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        <name>NEW MEXICO EDL ASS</name>
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        <name>EXPEDIA GROUP  4.625% 08/01/27</name>
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        <name>WLAKE 2019-2A A2 V/R 02/15/23</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLES TR SER 2019-2A CL A2B V/R REGD 144A P/P 0.64475000</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DELL INT LLC /  5.45% 06/15/23</name>
        <lei>N/A</lei>
        <title>DELL INT LLC / EMC CORP REGD 144A P/P 5.45000000</title>
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          <isin value="US25272KAG85"/>
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        <balance>17250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19007113.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DELAM 2018-1A A1 V/R 11/19/20</name>
        <lei>N/A</lei>
        <title>DELAMARE CARDS MTN ISSUER PLC SER 2018-1A CL A1 V/R REGD 144A P/P 0.88675000</title>
        <cusip>24553LAA2</cusip>
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          <isin value="US24553LAA26"/>
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        <balance>57920000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57858732.22000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.88675000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ECAF 2015-1A  3.473% 06/15/22</name>
        <lei>N/A</lei>
        <title>ECAF I LTD SER 2015-1A CL A1 REGD 144A P/P 3.47300000</title>
        <cusip>26827EAA3</cusip>
        <identifiers>
          <isin value="US26827EAA38"/>
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        <balance>8934220.23000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8100828.13000000</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>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.47300000</annualizedRt>
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      <invstOrSec>
        <name>DTRT 2018-1 A3 2.85% 07/15/21</name>
        <lei>N/A</lei>
        <title>DAIMLER TRUCKS RETAIL TRUST 2018-1 SER 2018-1 CL A3 REGD 144A P/P 2.85000000</title>
        <cusip>233864AC1</cusip>
        <identifiers>
          <isin value="US233864AC16"/>
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        <balance>3271357.01000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3276017.71000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>CGCC 2014-FL2 C V/R 11/15/31</name>
        <lei>N/A</lei>
        <title>CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 SER 2014-FL2 CL C V/R REGD 3.07475000</title>
        <cusip>12528PAC6</cusip>
        <identifiers>
          <isin value="US12528PAC68"/>
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        <balance>31329000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25911902.61000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.07475000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>DELL INT LLC /  4.42% 06/15/21</name>
        <lei>N/A</lei>
        <title>DELL INT LLC / EMC CORP REGD P/P 4.42000000</title>
        <cusip>25272KAD5</cusip>
        <identifiers>
          <isin value="US25272KAD54"/>
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        <balance>4876000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5010491.05000000</valUSD>
        <pctVal>0.068982202008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.42000000</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>OWL ROCK CAPIT 4.625% 11/26/24</name>
        <lei>N/A</lei>
        <title>OWL ROCK CAPITAL CORP II REGD 144A P/P 4.62500000</title>
        <cusip>69121DAA8</cusip>
        <identifiers>
          <isin value="US69121DAA81"/>
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        <balance>27070000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27038827.54000000</valUSD>
        <pctVal>0.372258496187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>NHLT 2018-3A M1 V/R 06/25/21</name>
        <lei>N/A</lei>
        <title>NATIONSTAR HECM LOAN TRUST 2018-3 SER 2018-3A CL M1 V/R REGD 144A P/P 3.90310000</title>
        <cusip>63863BAB5</cusip>
        <identifiers>
          <isin value="US63863BAB53"/>
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        <balance>19815000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19821035.65000000</valUSD>
        <pctVal>0.272887162471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.90310000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NFMOT 2018-2A  3.69% 10/15/21</name>
        <lei>N/A</lei>
        <title>NEXTGEAR FLOORPLAN MASTER OWNER TRUST SER 2018-2A CL A2 REGD 144A P/P 3.69000000</title>
        <cusip>65341KBD7</cusip>
        <identifiers>
          <isin value="US65341KBD72"/>
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        <balance>21040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21262540.08000000</valUSD>
        <pctVal>0.292733151376</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.69000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAZ 2018-1A A 3.56% 08/15/23</name>
        <lei>N/A</lei>
        <title>CAZENOVIA CREEK FUNDING II LLC SER 2018-1A CL A REGD 144A P/P 3.56070000</title>
        <cusip>14980AAA0</cusip>
        <identifiers>
          <isin value="US14980AAA07"/>
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        <balance>19821293.74000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19659492.52000000</valUSD>
        <pctVal>0.270663108837</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.56070000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHEST 2014-1A A 4.5% 12/15/34</name>
        <lei>N/A</lei>
        <title>CHESTERFIELD FINANCIAL HOLDINGS LLC SER 2014-1A CL A REGD 144A P/P 4.50000000</title>
        <cusip>166430AA6</cusip>
        <identifiers>
          <isin value="US166430AA64"/>
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        <balance>17147040.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16863654.30000000</valUSD>
        <pctVal>0.232171257450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SKANDINAVISKA  2.625% 03/15/21</name>
        <lei>N/A</lei>
        <title>SKANDINAVISKA ENSKILDA REGD 2.62500000</title>
        <cusip>830505AR4</cusip>
        <identifiers>
          <isin value="US830505AR41"/>
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        <balance>12345000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12515648.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>OWL ROCK CAPITAL C 4% 03/30/25</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>OWL ROCK CAPITAL CORP REGD 4.00000000</title>
        <cusip>69121KAB0</cusip>
        <identifiers>
          <isin value="US69121KAB08"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10001574.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>LFT 2019-2A A 2.78% 04/20/24</name>
        <lei>N/A</lei>
        <title>LENDMARK FUNDING TRUST 2019-2 SER 2019-2A CL A REGD 144A P/P 2.78000000</title>
        <cusip>52604AAA6</cusip>
        <identifiers>
          <isin value="US52604AAA60"/>
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        <balance>21710000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21759112.36000000</valUSD>
        <pctVal>0.299569736651</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.78000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>OWL ROCK CAPITA 5.25% 04/15/24</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>OWL ROCK CAPITAL CORP REGD 5.25000000</title>
        <cusip>69121KAA2</cusip>
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          <isin value="US69121KAA25"/>
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        <valUSD>32829140.57000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>T/L UGI ENERGY 0% 08/13/26</name>
        <lei>N/A</lei>
        <title>T/L UGI ENERGY SERVICES  LLC   REGD 3.91113000</title>
        <cusip>90276DAB5</cusip>
        <identifiers>
          <isin value="US90276DAB55"/>
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        <balance>17805150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17545550.91000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.91113000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <name>TORONTO-DOMINIO 3.25% 06/11/21</name>
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        <name>USBR 2011-1 A2 V/R 05/01/29</name>
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        <name>T/L WESTERN DIGITA 0% 04/29/23</name>
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        <name>AUST &amp; NZ BANKIN 2.7% 11/16/20</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WFNMT 2018-A A 3.07% 02/15/21</name>
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        <name>AMS AG 7% 07/31/25</name>
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        <name>CCG 2018-1 A2 2.5% 02/14/21</name>
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        <name>PFSFC 2019-C A 2.23% 10/15/22</name>
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        <name>SVENSKA HANDELSB 2.4% 10/01/20</name>
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        <name>FHLMC P#1J0271 V/R 02/01/37</name>
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        <name>KIND 2020-AIP A V/R 03/15/25</name>
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      <invstOrSec>
        <name>MDCP 2016-1A  4.163% 09/20/22</name>
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        <name>T/L PANTHER BF 0% 04/30/26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NFMOT 2019-2A  2.07% 10/15/22</name>
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        <name>ANZ NEW ZEALAND  3.4% 03/19/24</name>
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        <name>T/L WYNDHAM 0% 05/30/25</name>
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        <name>CFMT 2019-RM3 A</name>
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        <name>CFII 2017-4A A 2.12% 03/15/21</name>
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        <name>NV ENERGY INC 6.25% 11/15/20</name>
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        <name>BLACKROCK TCP CA 3.9% 08/23/24</name>
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        <name>T/L HCA INC 0% 03/18/26</name>
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        <name>BUNGE LTD FINAN 4.35% 03/15/24</name>
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        <name>CENTENE CORP 4.75% 01/15/25</name>
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        <name>OXFIN 2016-1A 3.968% 02/15/21</name>
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        <name>CANADIAN IMPERIAL V/R 03/17/23</name>
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        <name>TRUIST BANK 1.25% 03/09/23</name>
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        <pctVal>0.344743672179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</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>AMERICAN EXPRESS 3.7% 11/05/21</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS CO REGD 3.70000000</title>
        <cusip>025816BY4</cusip>
        <identifiers>
          <isin value="US025816BY42"/>
        </identifiers>
        <balance>8552000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8883352.46000000</valUSD>
        <pctVal>0.122302027444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</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>OSCAR 2019-1A A 3.1% 03/10/21</name>
        <lei>N/A</lei>
        <title>OSCAR US FUNDING X LLC SER 2019-1A CL A2 REGD 144A P/P 3.10000000</title>
        <cusip>68784YAB0</cusip>
        <identifiers>
          <isin value="US68784YAB02"/>
        </identifiers>
        <balance>17847505.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17942987.01000000</valUSD>
        <pctVal>0.247031027938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</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>REPS 2019-A A 3.43% 02/20/23</name>
        <lei>N/A</lei>
        <title>REPUBLIC FINANCE ISSUANCE TRUST 2019-A SER 2019-A CL A REGD 144A P/P 3.43000000</title>
        <cusip>76041QAA1</cusip>
        <identifiers>
          <isin value="US76041QAA13"/>
        </identifiers>
        <balance>27400000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27345463.04000000</valUSD>
        <pctVal>0.376480116742</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.43000000</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>BX 2019-RP A V/R 06/15/21</name>
        <lei>N/A</lei>
        <title>BX TRUST 2019-RP SER 2019-RP CL A V/R REGD 1.21975000</title>
        <cusip>05607VAA5</cusip>
        <identifiers>
          <isin value="US05607VAA52"/>
        </identifiers>
        <balance>30200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27971454.42000000</valUSD>
        <pctVal>0.385098486358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.21975000</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>NRART 2019-T1  2.59% 07/15/22</name>
        <lei>N/A</lei>
        <title>NRZ ADVANCE RECEIVABLES TRUST 2015-ON1 SER 2019-T1 CL AT1 REGD 144A P/P 2.59000000</title>
        <cusip>62942QBQ5</cusip>
        <identifiers>
          <isin value="US62942QBQ55"/>
        </identifiers>
        <balance>32330000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32373202.58000000</valUSD>
        <pctVal>0.445699788253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.59000000</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>2020-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BBH Trust</ncom:nameOfApplicant>
      <ncom:signature>Charles Schreiber</ncom:signature>
      <ncom:signerName>Charles Schreiber</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
