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      <invstOrSec>
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        <name>BXMT 2020-FL2 A V/R 07/15/22</name>
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        <name>RMIT 2022-1 A 3.07% 05/15/26</name>
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        <name>T/L AXALTA COAT 0% 12/20/29</name>
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        <name>T/L MEDLINE    00.00% 10/23/28</name>
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        <name>CAUTO 2020-1A  4.17% 02/15/25</name>
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        <name>CAUTO 2023-1A A 6.5% 09/15/28</name>
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        <name>BANK LEUMI LE- 5.125% 07/27/27</name>
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        <name>SCOTT 2023-SF 5.909% 03/10/28</name>
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        <name>RPIT 2019-1 A V/R 10/25/24</name>
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          <isin value="US014916AA85"/>
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        <name>MDPK 2020-47A BR V/R 04/19/37</name>
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        <name>FIFTH THIRD BANCO V/R 10/27/28</name>
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        <name>SWISS RE FINANCE  V/R 04/02/49</name>
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        <name>MDPK 2024-67A B V/R 04/25/37</name>
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        <name>MDCP 2020-3A  2.954% 11/20/26</name>
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      <invstOrSec>
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        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>95000U2S1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASCOT GROUP LTD 4.25% 12/15/30</name>
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        <cusip>04365XAA6</cusip>
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          <isin value="US04365XAA63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONCOR ELECTRIC D 4.3% 05/15/28</name>
        <lei>N/A</lei>
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          <isin value="US68233JCQ58"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JOHN DEERE CAPIT 4.9% 03/07/31</name>
        <lei>N/A</lei>
        <title>JOHN DEERE CAPITAL CORP REGD MTN 4.90000000</title>
        <cusip>24422EXN4</cusip>
        <identifiers>
          <isin value="US24422EXN48"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US75968NAE13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UBSBM 2012-WR 3.663% 06/10/22</name>
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        <cusip>90269PAA9</cusip>
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          <isin value="US90269PAA93"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CANADIAN IMPER 5.986% 10/03/28</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <cusip>13607LWV1</cusip>
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          <isin value="US13607LWV16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-03</maturityDt>
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      <invstOrSec>
        <name>FORDR 2024-1 A 4.87% 02/15/29</name>
        <lei>N/A</lei>
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        <cusip>34533BAA8</cusip>
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          <isin value="US34533BAA89"/>
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        <balance>3340000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-15</maturityDt>
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        <name>INDIANA ST FIN 3.313% 03/01/51</name>
        <lei>N/A</lei>
        <title>INDIANA ST FIN AUTH REVENUE REGD B/E 3.31300000</title>
        <cusip>45506EDG5</cusip>
        <identifiers>
          <isin value="US45506EDG52"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>PARTNERRE FINANCE V/R 10/01/50</name>
        <lei>N/A</lei>
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        <cusip>70213BAC5</cusip>
        <identifiers>
          <isin value="US70213BAC54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDSTROM INC 4.375% 04/01/30</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>NORDSTROM INC REGD 4.37500000</title>
        <cusip>655664AT7</cusip>
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          <isin value="US655664AT70"/>
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        <balance>3450000.00000000</balance>
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        <name>NAVMT 2023-1 A 6.18% 08/25/25</name>
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          <isin value="US63938PBU21"/>
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        <name>WELLS FARGO &amp; COM V/R 04/30/26</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>95000U2N2</cusip>
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          <isin value="US95000U2N22"/>
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          <isin value="US313747BC00"/>
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        <name>NWSB 2018-1 A V/R 11/25/24</name>
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          <isin value="US65252MAA71"/>
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        <name>FREMF 2023-K753  ZCP 12/25/30</name>
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        <name>NATWEST GROUP PLC V/R 11/10/26</name>
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        <name>NFMOT 2022-1A A 2.8% 03/15/25</name>
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        <name>REXFORD INDUSTRIAL 5% 06/15/28</name>
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        <name>BHG 2023-A B 6.35% 01/17/28</name>
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        <name>VCRRL 2021-1A 2.152% 10/20/31</name>
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        <cusip>92243RAA2</cusip>
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        <name>DK 2024-SPBX B V/R 03/15/26</name>
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        <name>AMERICAN EXPRESS  V/R 05/26/33</name>
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        <name>HUNTINGTON BANCSH V/R 08/04/28</name>
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        <name>T/L DELTA AIR 0% 10/20/2027</name>
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        <name>SPIRIT AEROSYS 9.375% 11/30/29</name>
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        <name>NEVADA POWER CO 5.9% 05/01/53</name>
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        <name>FIDELIS INSUR HLD V/R 04/01/41</name>
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        <name>TPDC 2023-1A A2 6% 06/25/26</name>
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        <name>CAPITAL ONE FINAN V/R 10/30/31</name>
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        <name>SEACO 2020-1A  2.17% 03/18/30</name>
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      <invstOrSec>
        <name>ABDLF 2020-1A 3.199% 10/20/27</name>
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      <invstOrSec>
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        <name>CNH INDUSTRIAL C 5.5% 01/12/29</name>
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        <name>COMERICA BANK V/R 08/25/33</name>
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      <invstOrSec>
        <name>FIFTH THIRD BANCO V/R 07/28/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>US TREAS NTS 4.125% 03/31/29</name>
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        <name>SKANDINAVISKA  5.375% 03/05/29</name>
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        <name>ADC 2023-1A A2 6% 08/15/28</name>
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        <name>US TREAS NTS 4% 02/15/34</name>
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        <name>COLO 2023-1A  5.116% 02/25/28</name>
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        <name>LAFI 2018-1A A 5.956% 07/25/28</name>
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        <name>MCIP 2022-1A B 5.15% 04/30/32</name>
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        <name>T/L LENDINGTREE  I 0% 09/15/28</name>
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      </invstOrSec>
      <invstOrSec>
        <name>APOLLO MANAGEMENT V/R 01/14/50</name>
        <lei>N/A</lei>
        <title>APOLLO MANAGEMENT HOLDIN REGD V/R 144A P/P 4.95000000</title>
        <cusip>03765HAE1</cusip>
        <identifiers>
          <isin value="US03765HAE18"/>
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        <balance>2095000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2002620.98000000</valUSD>
        <pctVal>0.200627009793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.95000000</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>FNH 2019-1 A V/R 12/10/31</name>
        <lei>N/A</lei>
        <title>FNA 2019-1 LLC SER 2019-1 CL A V/R REGD 144A P/P 3.00000000</title>
        <cusip>30312PAA2</cusip>
        <identifiers>
          <isin value="US30312PAA21"/>
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        <balance>538890.72000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>508173.95000000</valUSD>
        <pctVal>0.050909992984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.00000000</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>EAGLE POINT 5.375% 01/31/29</name>
        <lei>N/A</lei>
        <title>EAGLE POINT CREDIT CO         /PREFERRED/ 0.00000000</title>
        <cusip>269809885</cusip>
        <identifiers>
          <isin value="US2698098850"/>
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        <balance>178600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4009570.00000000</valUSD>
        <pctVal>0.401687612228</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MAIN STREET CAPI 5.2% 05/01/24</name>
        <lei>5493001FS9QJLJNF3E20</lei>
        <title>MAIN STREET CAPITAL CORP REGD 5.20000000</title>
        <cusip>56035LAD6</cusip>
        <identifiers>
          <isin value="US56035LAD64"/>
        </identifiers>
        <balance>1965000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1965000.00000000</valUSD>
        <pctVal>0.196858056607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</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>SBA TOWER TRUS 6.599% 01/15/28</name>
        <lei>N/A</lei>
        <title>SBA TOWER TRUST REGD 144A P/P 6.59900000</title>
        <cusip>78403DAZ3</cusip>
        <identifiers>
          <isin value="US78403DAZ33"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2030054.40000000</valUSD>
        <pctVal>0.203375350631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.59900000</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>UNIVERSAL INSU 5.625% 11/30/26</name>
        <lei>529900GGAZ6WVUCWQM46</lei>
        <title>UNIVERSAL INSURANCE HLDS REGD SER WI 5.62500000</title>
        <cusip>91359VAC1</cusip>
        <identifiers>
          <isin value="US91359VAC19"/>
        </identifiers>
        <balance>6280000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5868439.51000000</valUSD>
        <pctVal>0.587913281045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>BREAD FINANCIAL 9.75% 03/15/29</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BREAD FINANCIAL HLDGS REGD 144A P/P 9.75000000</title>
        <cusip>018581AP3</cusip>
        <identifiers>
          <isin value="US018581AP34"/>
        </identifiers>
        <balance>5705000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5932869.11000000</valUSD>
        <pctVal>0.594367981220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.75000000</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>SEACO 2020-2A  2.26% 03/17/30</name>
        <lei>N/A</lei>
        <title>GLOBAL SC FINANCE VII SRL SER 2020-2A CL A REGD 144A P/P 2.26000000</title>
        <cusip>37959PAC1</cusip>
        <identifiers>
          <isin value="US37959PAC14"/>
        </identifiers>
        <balance>1033259.22000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>948165.36000000</valUSD>
        <pctVal>0.094989307944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.26000000</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>NEUB 2021-40A A V/R 04/16/33</name>
        <lei>N/A</lei>
        <title>NEUBERGER BERMAN LOAN ADVISERS CLO 4 SER 2021-40A CL A V/R REGD 144A P/P 6.64927000</title>
        <cusip>64134JAA1</cusip>
        <identifiers>
          <isin value="US64134JAA16"/>
        </identifiers>
        <balance>2700000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2703888.00000000</valUSD>
        <pctVal>0.270881494637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.64927000</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>ARTFI 2024-1A  6.43% 12/22/31</name>
        <lei>N/A</lei>
        <title>SOTHEBY'S ARTFI MASTER TRUST SER 2024-1A CL A1 REGD 144A P/P 6.43000000</title>
        <cusip>83589CAA6</cusip>
        <identifiers>
          <isin value="US83589CAA62"/>
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        <balance>6250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6246462.50000000</valUSD>
        <pctVal>0.625784462299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.43000000</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>T/L VISTRA OPERAT ZCP 12/31/25</name>
        <lei>N/A</lei>
        <title>T/L VISTRA OPERATIONS CO LLC ZCP TERM LOAN 0.00000000</title>
        <cusip>88233FAK6</cusip>
        <identifiers>
          <isin value="US88233FAK66"/>
        </identifiers>
        <balance>1774338.64000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1775137.09000000</valUSD>
        <pctVal>0.177837169337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.31573000</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>PROV ST JOSEPH 5.403% 10/01/33</name>
        <lei>N/A</lei>
        <title>PROV ST JOSEPH HLTH OBL REGD 5.40300000</title>
        <cusip>743820AC6</cusip>
        <identifiers>
          <isin value="US743820AC66"/>
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        <balance>3260000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3199203.97000000</valUSD>
        <pctVal>0.320503346678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40300000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-05-30</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>
</edgarSubmission>
