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      <invstOrSec>
        <name>JPMORGAN CHASE &amp;  V/R 07/22/28</name>
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        <name>OPTN 2021-C A 2.18% 10/08/31</name>
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        <name>MTN 2022-LPFL A V/R 03/15/27</name>
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        <name>STELLANTIS FIN 1.711% 01/29/27</name>
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        <name>CGMS 2019-2A AR2 V/R 10/15/37</name>
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        <name>BLACKSTONE PRIV 4.95% 09/26/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA POWER &amp; 5.05% 04/01/28</name>
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        <name>EQUITABLE HOLDINGS  V/R /PERP/</name>
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        <name>FIFTH THIRD BANCO V/R 10/27/28</name>
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        <name>BROOKLYN UNION 4.632% 08/05/27</name>
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        <name>HORMEL FOODS COR 4.8% 03/30/27</name>
        <lei>MSD54751OJP1FS2ND863</lei>
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        <name>COREBRIDGE GLOB 5.35% 06/24/26</name>
        <lei>54930057MDZ7KOVOTV71</lei>
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        <name>PROTECTIVE LIF 4.335% 09/13/27</name>
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        <lei>N/A</lei>
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        <name>FIRSTENERGY PEN 5.15% 03/30/26</name>
        <lei>N/A</lei>
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        <name>SYMP 2012-9A AR3 V/R 07/16/32</name>
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        <lei>QG7T915N9S0NY5UKNE63</lei>
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        <name>VISTRA OPERATI 5.125% 05/13/25</name>
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        <name>REPS 2024-B A 5.42% 11/20/28</name>
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        <name>PPWR 2024-A A 5.89% 08/15/28</name>
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        <name>UBS GROUP AG V/R 01/12/27</name>
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        <invCountry>CH</invCountry>
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        <name>STRAT CREDIT OP 4.25% 04/01/26</name>
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      <invstOrSec>
        <name>AMERICAN COASTA 7.25% 12/15/27</name>
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        <name>PRINCIPAL LFE GLB  5% 01/16/27</name>
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        <name>DUKE ENERGY PR 1.295% 07/01/28</name>
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        <name>BHG 2023-B A 6.92% 01/17/30</name>
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        <name>MASSMUTUAL GLOBA 5.1% 04/09/27</name>
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        <name>MDCP 2020-3A  2.954% 11/20/26</name>
        <lei>N/A</lei>
        <title>ELM 2020-3 TRUST SER 2020-3A CL A2 REGD 144A P/P 2.95400000</title>
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        <name>TPDC 2023-1A A2 6% 06/25/26</name>
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        <name>CFII 2023-1A A 5.65% 05/15/26</name>
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        <name>PACIFIC LIFE GF  4.5% 08/28/29</name>
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        <name>DUKE ENERGY OH 2.125% 06/01/30</name>
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        <name>GENERAL MOTORS F 5.4% 04/06/26</name>
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        <name>BANK OF AMERICA C V/R 04/24/28</name>
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        <name>AMERICAN HONDA  5.25% 07/07/26</name>
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        <name>PROTECTIVE LIF 5.209% 04/14/26</name>
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        <name>US T BILL ZCP 10/09/25</name>
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        <name>CARGILL INC 4.625% 02/11/28</name>
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        <name>ORL 2024-GLKS A V/R 12/15/29</name>
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          <isin value="US67120DAA37"/>
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        <name>PFSFC 2025-A A V/R 01/15/27</name>
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        <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"/>
        </identifiers>
        <balance>24210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24440658.35000000</valUSD>
        <pctVal>0.255615290196</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLUE OWL CAPITA 3.75% 07/22/25</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>BLUE OWL CAPITAL CORP REGD 3.75000000</title>
        <cusip>69121KAC8</cusip>
        <identifiers>
          <isin value="US69121KAC80"/>
        </identifiers>
        <balance>44790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44670639.13000000</valUSD>
        <pctVal>0.467192749923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</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>BBUBS 2012-TFT B V/R 06/05/20</name>
        <lei>N/A</lei>
        <title>BB-UBS TRUST SER 2012-TFT CL B V/R REGD 144A P/P 3.67790400</title>
        <cusip>05490AAC7</cusip>
        <identifiers>
          <isin value="US05490AAC71"/>
        </identifiers>
        <balance>26807000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25185176.50000000</valUSD>
        <pctVal>0.263401914445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.67790400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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>2025-05-30</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>
