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      <invstOrSec>
        <name>BARCLAYS BK PLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-03</maturityDt>
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      <invstOrSec>
        <name>BNP PARIBAS NEW YORK</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRW. BANK</name>
        <lei>52990002O5KK6XOGJ020</lei>
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          <other otherDesc="CUSIP" value="62939LD22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-04-02</maturityDt>
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      <invstOrSec>
        <name>CROWN POINT CAP CO.</name>
        <lei>549300LXH4KLRKIKII81</lei>
        <title>CROWN POINT CAP CO.</title>
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          <other otherDesc="CUSIP" value="22845ANU0"/>
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        <curCd>USD</curCd>
        <valUSD>3999802.72000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-28</maturityDt>
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      <invstOrSec>
        <name>CATERPILLAR FINL SERVICE</name>
        <lei>EDBQKYOPJUCJKLOJDE72</lei>
        <title>Caterpillar Financial Services Corp</title>
        <cusip>14913Q2Y4</cusip>
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          <isin value="US14913Q2Y45"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.15000000</annualizedRt>
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      <invstOrSec>
        <name>NORINCHUKIN BK</name>
        <lei>5493007VSMFZCPV1NB83</lei>
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          <other otherDesc="CUSIP" value="65602VTF3"/>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.94000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CREDIT INDUST ET COMM NY</name>
        <lei>N4JDFKKH2FTD8RKFXO39</lei>
        <title>Credit Industriel et Commercial/New York</title>
        <cusip>22536UYG9</cusip>
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          <isin value="US22536UYG92"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6503667.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.88000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF NOVA SCOTIA HOUS</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/Houston</title>
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          <isin value="US06417MEU53"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6997291.28000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.03000000</annualizedRt>
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      <invstOrSec>
        <name>MIZUHO BANK LTD/NY</name>
        <lei>RB0PEZSDGCO3JS6CEU02</lei>
        <title>Mizuho Bank Ltd/New York NY</title>
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        <identifiers>
          <isin value="US60710AHJ43"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4985118.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.53000000</annualizedRt>
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      <invstOrSec>
        <name>NRW. BANK</name>
        <lei>52990002O5KK6XOGJ020</lei>
        <title>NRW. BANK</title>
        <cusip>62939LJ34</cusip>
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          <other otherDesc="CUSIP" value="62939LJ34"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11955800.04000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ING US FUNDING LLC</name>
        <lei>N/A</lei>
        <title>ING US Funding LLC</title>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5997493.56000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.02000000</annualizedRt>
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      <invstOrSec>
        <name>ABN AMRO FUNDING USA LC</name>
        <lei>N/A</lei>
        <title>ABN AMRO FUNDING USA LC</title>
        <cusip>00084BK29</cusip>
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          <other otherDesc="CUSIP" value="00084BK29"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4961458.35000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>ERSTE ABWICKLUNGSANSTALT</name>
        <lei>7TG4VWERK338227TR435</lei>
        <title>ERSTE ABWICKLUNGSANSTALT</title>
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          <other otherDesc="CUSIP" value="29604CEC2"/>
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        <curCd>USD</curCd>
        <valUSD>3994306.68000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>PSP CAPITAL INC.</name>
        <lei>549300B456N0WEIC5249</lei>
        <title>PSP CAPITAL INC.</title>
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          <other otherDesc="CUSIP" value="69370AF25"/>
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        <balance>8000000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>BANK OF NOVA SCOTIA HOUS</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/Houston</title>
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        <balance>6000000.00000000</balance>
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        <valUSD>5996361.30000000</valUSD>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>CROWN POINT CAP CO.</name>
        <lei>549300LXH4KLRKIKII81</lei>
        <title>CROWN POINT CAP CO.</title>
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        <balance>6000000.00000000</balance>
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        <valUSD>5999504.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>PSP CAPITAL INC.</name>
        <lei>549300B456N0WEIC5249</lei>
        <title>PSP CAPITAL INC.</title>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9938430.60000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>SKANDIN ENS BANKEN</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF MONTREAL CHICAGO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-01</maturityDt>
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      <invstOrSec>
        <name>CPPIB CAPITAL INC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-10</maturityDt>
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      <invstOrSec>
        <name>CREDIT SUISSE NEW YORK</name>
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        <title>Credit Suisse AG/New York NY</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-19</maturityDt>
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      <invstOrSec>
        <name>SANTANDER UK PLC</name>
        <lei>PTCQB104N23FMNK2RZ28</lei>
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        <balance>9000000.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-04-08</maturityDt>
          <couponKind>None</couponKind>
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        <name>SVENSKA HANDELSBANKEN NY</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken/New York NY</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>THUNDER BAY FNDNG LLC</name>
        <lei>N/A</lei>
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        <balance>10000000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE</title>
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        <curCd>USD</curCd>
        <valUSD>6997231.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-21</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MACQUARIE BANK LIMITED</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>MACQUARIE BANK LIMITED</title>
        <cusip>55607NGT1</cusip>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6997455.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-07</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.86000000</annualizedRt>
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        <name>CREDIT INDUSTRIEL ET COMMER 09/20 0</name>
        <lei>N/A</lei>
        <title>CREDIT INDUSTRIEL ET COMMER 09/20 0</title>
        <cusip>000000000</cusip>
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          <isin value="XS2091207048"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4975588.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-04</maturityDt>
          <couponKind>None</couponKind>
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        <name>WELLS FARGO BANK NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
        <cusip>95001KGF5</cusip>
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        <balance>4000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-02-16</maturityDt>
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        <name>NORINCHUKIN BK</name>
        <lei>5493007VSMFZCPV1NB83</lei>
        <title>NORINCHUKIN BK</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-25</maturityDt>
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        <name>UBS AG LONDON</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>UBS AG/London</title>
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        <valUSD>5994249.72000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-10</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>COCA-COLA COMPANY</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA-COLA COMPANY</title>
        <cusip>19121ANE7</cusip>
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        <balance>3000000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-14</maturityDt>
          <couponKind>None</couponKind>
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        <name>SUMITOMO MITSUI BANK NY</name>
        <lei>5U0XI89JRFVHWIBS4F54</lei>
        <title>Sumitomo Mitsui Banking Corp/New York</title>
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          <isin value="US86565B2E00"/>
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        <valUSD>5002088.75000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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        <name>NRW. BANK</name>
        <lei>52990002O5KK6XOGJ020</lei>
        <title>NRW. BANK</title>
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        <balance>7620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7619650.78000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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        <name>SHELL INTNL FNC B.V</name>
        <lei>213800ITMMKU4Z7I4F78</lei>
        <title>SHELL INTNL FNC B.V</title>
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      <invstOrSec>
        <name>LIBERTY FUNDING LLC</name>
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      <invstOrSec>
        <name>Credit Suisse AG/New York NY</name>
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        <name>OLD LINE FUNDING LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NIEUW AMSTERDAM RECV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>J.P. Morgan Securities LLC</name>
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        <name>LLOYDS BANK CORP MKTS/NY</name>
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        <name>SHEFFIELD RECEIVABLE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARTON CAPITAL CORP.</name>
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        <name>MONT BLANC CAPTL COR</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CAN AST + CAN LTD JT</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>MUFG BANK LTD/NY</name>
        <lei>C3GTMMZIHMY46P4OIX74</lei>
        <title>MUFG Bank Ltd/New York NY</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NIEUW AMSTERDAM RECV</name>
        <lei>54930052Z500U6IGFJ82</lei>
        <title>NIEUW AMSTERDAM RECV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNCORP GROUP LTD</name>
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        <lei>RB0PEZSDGCO3JS6CEU02</lei>
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        <name>SUNCORP GROUP LTD</name>
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        <name>TORONTO DOMINION BANK NY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>SUNCORP GROUP LTD</name>
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      <invstOrSec>
        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-28</maturityDt>
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        <name>CHARIOT FNDG LLC</name>
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        <name>COLLAT CP FLEX CO LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTPAC SECS NZ LTD</name>
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        <lei>549300RYC9NELN2ICA34</lei>
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        <name>BANK OF AMERICA</name>
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        <name>SWEDBANK</name>
        <lei>M312WZV08Y7LYUC71685</lei>
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        <name>SUNCORP GROUP LTD</name>
        <lei>JEBU6C6ITPD2YZ9N7F22</lei>
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        <name>BNG BK N V DISC COML PAPER</name>
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      <invstOrSec>
        <name>TORONTO DOMINION BANK NY</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <name>OMERS FINANCE TRUST</name>
        <lei>529900M039WCPES03P17</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO BANK NA</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo Bank NA</title>
        <cusip>95001KFH2</cusip>
        <identifiers>
          <isin value="US95001KFH23"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3974466.76000000</valUSD>
        <pctVal>0.462948742441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.04000000</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>MACQUARIE BANK LIMITED</name>
        <lei>4ZHCHI4KYZG2WVRT8631</lei>
        <title>MACQUARIE BANK LIMITED</title>
        <cusip>55607NGY0</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="55607NGY0"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4998067.50000000</valUSD>
        <pctVal>0.582178491728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-07</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.26000000</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>BPCE</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE</title>
        <cusip>05571BGX5</cusip>
        <identifiers>
          <other otherDesc="CUSIP" value="05571BGX5"/>
        </identifiers>
        <balance>5500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5481174.71000000</valUSD>
        <pctVal>0.638451166489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly return presented in item B.5.a has been calculated without deducting any applicable loads or redemption fees" noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Brighthouse Funds Trust II</ncom:nameOfApplicant>
      <ncom:signature>Alan Otis</ncom:signature>
      <ncom:signerName>Alan Otis</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
