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      <regCik>0000809707</regCik>
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      <regStreet1>One Franklin Parkway</regStreet1>
      <regCity>San Mateo</regCity>
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      <regZipOrPostalCode>94403-1906</regZipOrPostalCode>
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      <seriesName>Franklin Convertible Securities Fund</seriesName>
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      <repPdEnd>2020-10-31</repPdEnd>
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        <isRestrictedSec>N</isRestrictedSec>
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        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Palo Alto Networks Inc .75% 07/01/2023 CNV</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks Inc .75% 07/01/2023 CNV</title>
        <cusip>697435AD7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1001042"/>
        </identifiers>
        <balance>53000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59016778.89000000</valUSD>
        <pctVal>1.459686875340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</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>Coupa Software Inc .125% 06/15/2025 CNV 144A</name>
        <lei>549300Q95ICR2GFL2K37</lei>
        <title>Coupa Software Inc .125% 06/15/2025 CNV 144A</title>
        <cusip>22266LAD8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="988089"/>
        </identifiers>
        <balance>21000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26433750.00000000</valUSD>
        <pctVal>0.653797083926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</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>LIBERTY INTERACTIVE LLC 1.75% 09/30/2046 CNV 144A</name>
        <lei>549300SZUIU7Z32Q0664</lei>
        <title>LIBERTY INTERACTIVE LLC 1.75% 09/30/2046 CNV 144A</title>
        <cusip>530610AD6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="643248"/>
        </identifiers>
        <balance>37000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58032345.86000000</valUSD>
        <pctVal>1.435338478146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</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>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912803AY9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912803AY9"/>
        </identifiers>
        <balance>2655.6</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2655.6</valUSD>
        <pctVal>0.000065682074</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2655.6</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2708.72</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Twilio Inc .25% 06/01/2023 CNV</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio Inc .25% 06/01/2023 CNV</title>
        <cusip>90138FAB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="984241"/>
        </identifiers>
        <balance>37500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68789062.50000000</valUSD>
        <pctVal>1.701388886123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</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>BIOMARIN PHARMACEUTICAL INC 1.50% 10/15/2020 CNV</name>
        <lei>NSLL8ITTRR0J5HEMR848</lei>
        <title>BIOMARIN PHARMACEUTICAL INC 1.50% 10/15/2020 CNV</title>
        <cusip>09061GAF8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="561738"/>
        </identifiers>
        <balance>28200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30182713.52000000</valUSD>
        <pctVal>0.746521779330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>Wayfair Inc 1% 08/15/2026 CNV 144A</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>Wayfair Inc 1% 08/15/2026 CNV 144A</title>
        <cusip>94419LAE1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1003338"/>
        </identifiers>
        <balance>28000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25606821.80000000</valUSD>
        <pctVal>0.633344320101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</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>SAREPTA THERAPEUTICS INC 1.50% 11/15/2024 CNV</name>
        <lei>549300IKDPIED8J8IG21</lei>
        <title>SAREPTA THERAPEUTICS INC 1.50% 11/15/2024 CNV</title>
        <cusip>803607AB6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="955596"/>
        </identifiers>
        <balance>16000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28672000.00000000</valUSD>
        <pctVal>0.709156664882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>Splunk Inc 1.125% 09/15/2025 CNV</name>
        <lei>549300XGDSGBP6UEI867</lei>
        <title>Splunk Inc 1.125% 09/15/2025 CNV</title>
        <cusip>848637AD6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1012088"/>
        </identifiers>
        <balance>22500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28392187.50000000</valUSD>
        <pctVal>0.702235944344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</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>WAYFAIR INC 0.375% 09/01/2022 CNV</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>WAYFAIR INC 0.375% 09/01/2022 CNV</title>
        <cusip>94419LAB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="932228"/>
        </identifiers>
        <balance>19000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21059629.26000000</valUSD>
        <pctVal>0.520876689791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.37500000</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>ZENDESK INC 0.25% 03/15/2023 CNV</name>
        <lei>549300SLI6BN94BKKO36</lei>
        <title>ZENDESK INC 0.25% 03/15/2023 CNV</title>
        <cusip>98936JAB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="971482"/>
        </identifiers>
        <balance>56500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84209492.19000000</valUSD>
        <pctVal>2.082788875312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</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>iQIYI Inc 3.75% 12/01/2023 CNV</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>iQIYI Inc 3.75% 12/01/2023 CNV</title>
        <cusip>46267XAB4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1026839"/>
        </identifiers>
        <balance>43500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50234235.00000000</valUSD>
        <pctVal>1.242464514353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</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>ZILLOW GROUP INC 2.00% 12/01/2021 CNV</name>
        <lei>2549002XEELQDIR6FU05</lei>
        <title>ZILLOW GROUP INC 2.00% 12/01/2021 CNV</title>
        <cusip>98954MAB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="681410"/>
        </identifiers>
        <balance>34500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38855625.00000000</valUSD>
        <pctVal>0.961032555696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>ServiceNow Inc ZERO 06/01/2022 CNV</name>
        <lei>549300HJTQM36M0E1G39</lei>
        <title>ServiceNow Inc ZERO 06/01/2022 CNV</title>
        <cusip>81762PAC6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912269"/>
        </identifiers>
        <balance>36000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90157500.00000000</valUSD>
        <pctVal>2.229903460316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</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>Workiva Inc 1.125% 08/15/2026 CNV 144A</name>
        <lei>529900RTOQ8GRWHY1O58</lei>
        <title>Workiva Inc 1.125% 08/15/2026 CNV 144A</title>
        <cusip>98139AAA3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1003195"/>
        </identifiers>
        <balance>22000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20599096.98000000</valUSD>
        <pctVal>0.509486150737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</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>ETSY INC 03/01/2023 CNV ZERO</name>
        <lei>54930089Q7XT501AEA40</lei>
        <title>ETSY INC 03/01/2023 CNV ZERO</title>
        <cusip>29786AAC0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="971328"/>
        </identifiers>
        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59895660.80000000</valUSD>
        <pctVal>1.481424632180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-01</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>DocuSign Inc .5% 09/15/2023 CNV</name>
        <lei>549300Q7PVDWRZ39JG09</lei>
        <title>DocuSign Inc .5% 09/15/2023 CNV</title>
        <cusip>256163AB2</cusip>
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          <other otherDesc="Internal Identifier" value="1015748"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
        <lei>N/A</lei>
        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
        <cusip>457756500</cusip>
        <identifiers>
          <ticker value="INFXX"/>
          <other otherDesc="Internal Identifier" value="170875"/>
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        <curCd>USD</curCd>
        <valUSD>172798802.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="13570000.00000000" isCashCollateral="Y"/>
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      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="912820P84"/>
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        <balance>7.47</balance>
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        <curCd>USD</curCd>
        <valUSD>7.47</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
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              <principalAmt>7.47</principalAmt>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Q2 Holdings Inc .75% 02/15/2023 CNV</name>
        <lei>549300M9RKR9DZXWS696</lei>
        <title>Q2 Holdings Inc .75% 02/15/2023 CNV</title>
        <cusip>74736LAB5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="965555"/>
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        <balance>32000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51298018.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LF5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifie" value="912833LF5"/>
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        <balance>0.23</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.23</valUSD>
        <pctVal>0.000000005688</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
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            <repurchaseCollateral>
              <principalAmt>0.23</principalAmt>
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              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Relic Inc .5% 05/01/2023 CNV</name>
        <lei>549300AB8FY2HQILL804</lei>
        <title>New Relic Inc .5% 05/01/2023 CNV</title>
        <cusip>64829BAB6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="985989"/>
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        <balance>24000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23537201.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>BOOKING HOLDINGS INC 0.35% 06/15/2020 CNV</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>BOOKING HOLDINGS INC 0.35% 06/15/2020 CNV</title>
        <cusip>741503AS5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="578053"/>
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        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48744285.80000000</valUSD>
        <pctVal>1.205612972587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.35000000</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>Fortive Corp .875% 02/15/2022 CNV 144A</name>
        <lei>549300MU9YQJYHDQEF63</lei>
        <title>Fortive Corp .875% 02/15/2022 CNV 144A</title>
        <cusip>34959JAJ7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="964597"/>
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        <balance>40270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40633209.63000000</valUSD>
        <pctVal>1.004998305828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.87500000</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>MICROCHIP TECHNOLOGY INC 1.625% 02/15/2027 CNV</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>MICROCHIP TECHNOLOGY INC 1.625% 02/15/2027 CNV</title>
        <cusip>595017AF1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686432"/>
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        <balance>62250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83891461.50000000</valUSD>
        <pctVal>2.074922888166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912803BA0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912803BA0"/>
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        <balance>1480.6</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1480.6</valUSD>
        <pctVal>0.000036620304</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
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            <repurchaseCollateral>
              <principalAmt>1480.6</principalAmt>
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              <collateralVal>1510.21</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DISH NETWORK CORP 3.375% 08/15/2026 CNV</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH NETWORK CORP 3.375% 08/15/2026 CNV</title>
        <cusip>25470MAB5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="672197"/>
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        <balance>45900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44668685.68000000</valUSD>
        <pctVal>1.104809436437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</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>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912833LC2"/>
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        <balance>1446.9</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1446.9</valUSD>
        <pctVal>0.000035786787</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
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            <repurchaseCollateral>
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              <collateralVal>1475.84</collateralVal>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jazz Investments I Ltd 1.5% 08/15/2024 CNV</name>
        <lei>N/A</lei>
        <title>Jazz Investments I Ltd 1.5% 08/15/2024 CNV</title>
        <cusip>472145AD3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="926152"/>
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        <balance>39750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39748432.66000000</valUSD>
        <pctVal>0.983114743983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>Blackline Inc .125% 08/01/2024 CNV 144A</name>
        <lei>529900P9N7PK9LV5EK56</lei>
        <title>Blackline Inc .125% 08/01/2024 CNV 144A</title>
        <cusip>09239BAA7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1001301"/>
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        <balance>9500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10282662.54000000</valUSD>
        <pctVal>0.254325428047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</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>iQIYI Inc 2% 04/01/2025 CNV 144A</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>iQIYI Inc 2% 04/01/2025 CNV 144A</title>
        <cusip>46267XAC2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="971858"/>
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        <balance>26000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26481000.00000000</valUSD>
        <pctVal>0.654965738098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>Zillow Group Inc 1.5% 07/01/2023 CNV</name>
        <lei>2549002XEELQDIR6FU05</lei>
        <title>Zillow Group Inc 1.5% 07/01/2023 CNV</title>
        <cusip>98954MAC5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="879097"/>
        </identifiers>
        <balance>23500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23118125.00000000</valUSD>
        <pctVal>0.571790332845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>South Jersey Industries Inc 7.25% CNV PFD *SJIU*</name>
        <lei>549300DJYWYT5VXLFA46</lei>
        <title>South Jersey Industries Inc 7.25% CNV PFD *SJIU*</title>
        <cusip>838518116</cusip>
        <identifiers>
          <ticker value="SJI"/>
          <other otherDesc="Internal Identifier" value="871032"/>
        </identifiers>
        <balance>360000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17967600.00000000</valUSD>
        <pctVal>0.444400226421</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Broadcom Inc 8% CNV PFD a *AVGOP*</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc 8% CNV PFD a *AVGOP*</title>
        <cusip>11135F200</cusip>
        <identifiers>
          <ticker value="AVGO"/>
          <other otherDesc="Internal Identifier" value="1012579"/>
        </identifiers>
        <balance>71100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81665460.00000000</valUSD>
        <pctVal>2.019866254524</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEUROCRINE BIOSCIENCES INC 2.25% 05/15/2024 CNV</name>
        <lei>549300FECER0XBN49756</lei>
        <title>NEUROCRINE BIOSCIENCES INC 2.25% 05/15/2024 CNV</title>
        <cusip>64125CAD1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="871983"/>
        </identifiers>
        <balance>44750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64943942.73000000</valUSD>
        <pctVal>1.606285917646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</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>OIL STATES INTERNATIONAL INC 1.50% 02/15/2023 CNV</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>OIL STATES INTERNATIONAL INC 1.50% 02/15/2023 CNV</title>
        <cusip>678026AH8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="977783"/>
        </identifiers>
        <balance>28000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22925000.00000000</valUSD>
        <pctVal>0.567013690793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>Weibo Corp 1.25% 11/15/2022 CNV</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>Weibo Corp 1.25% 11/15/2022 CNV</title>
        <cusip>948596AC5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="973354"/>
        </identifiers>
        <balance>78000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74591400.00000000</valUSD>
        <pctVal>1.844900545931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</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>Sempra Energy 6.75% CNV PFD B</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra Energy 6.75% CNV PFD B</title>
        <cusip>816851505</cusip>
        <identifiers>
          <ticker value="SRE"/>
          <other otherDesc="Internal Identifier" value="913818"/>
        </identifiers>
        <balance>206000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25758240.00000000</valUSD>
        <pctVal>0.637089410283</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LM0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912833LM0"/>
        </identifiers>
        <balance>65.93</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65.93</valUSD>
        <pctVal>0.000001630674</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>65.93</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>67.25</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avantor Inc 6.25% CNV PFD A *AVTRpA*</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>Avantor Inc 6.25% CNV PFD A *AVTRpA*</title>
        <cusip>05352A209</cusip>
        <identifiers>
          <ticker value="AVTR"/>
          <other otherDesc="Internal Identifier" value="985261"/>
        </identifiers>
        <balance>820000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52283200.00000000</valUSD>
        <pctVal>1.293142429597</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LK4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912833LK4"/>
        </identifiers>
        <balance>2982.8</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2982.8</valUSD>
        <pctVal>0.000073774850</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2982.8</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>3042.46</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RH 06/15/2023 CNV ZERO</name>
        <lei>5493008MTS3OGGMHGK69</lei>
        <title>RH 06/15/2023 CNV ZERO</title>
        <cusip>74967XAA1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="993881"/>
        </identifiers>
        <balance>44500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55598300.00000000</valUSD>
        <pctVal>1.375136195632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</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>VIAVI SOLUTIONS INC 1.00% 03/01/2024 CNV</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>VIAVI SOLUTIONS INC 1.00% 03/01/2024 CNV</title>
        <cusip>925550AB1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686250"/>
        </identifiers>
        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24850144.60000000</valUSD>
        <pctVal>0.614629103878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</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>INPHI CORP 0.75% 09/01/2021 CNV</name>
        <lei>549300DCMERAAZFGT726</lei>
        <title>INPHI CORP 0.75% 09/01/2021 CNV</title>
        <cusip>45772FAC1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="675798"/>
        </identifiers>
        <balance>9600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13922318.50000000</valUSD>
        <pctVal>0.344346573482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</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>Alteryx Inc .5% 08/01/2024 CNV 144A</name>
        <lei>549300XWZG0JHL7I0827</lei>
        <title>Alteryx Inc .5% 08/01/2024 CNV 144A</title>
        <cusip>02156BAC7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1001065"/>
        </identifiers>
        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8584616.00000000</valUSD>
        <pctVal>0.212326927031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</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>HubSpot Inc 0.25% 06/01/2022 CNV</name>
        <lei>529900BLNVEW0MVKJB37</lei>
        <title>HubSpot Inc 0.25% 06/01/2022 CNV</title>
        <cusip>443573AB6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="874341"/>
        </identifiers>
        <balance>38875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75630852.22000000</valUSD>
        <pctVal>1.870609755949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</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>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833LH1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912833LH1"/>
        </identifiers>
        <balance>3503.93</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3503.93</valUSD>
        <pctVal>0.000086664178</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>3503.93</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>3574.02</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUIDEWIRE SOFTWARE INC 1.25% 03/15/2025 CNV</name>
        <lei>549300WXSG0J8IXZCK32</lei>
        <title>GUIDEWIRE SOFTWARE INC 1.25% 03/15/2025 CNV</title>
        <cusip>40171VAA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686335"/>
        </identifiers>
        <balance>49000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58599556.68000000</valUSD>
        <pctVal>1.449367542508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</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>Essential Utilities Inc 6% CNV PFD *WTRU*</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>Essential Utilities Inc 6% CNV PFD *WTRU*</title>
        <cusip>03836W202</cusip>
        <identifiers>
          <ticker value="WTR"/>
          <other otherDesc="Internal Identifier" value="977669"/>
        </identifiers>
        <balance>770000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52229100.00000000</valUSD>
        <pctVal>1.291804351487</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Sea Ltd 1% 12/01/2024 CNV 144A</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>Sea Ltd 1% 12/01/2024 CNV 144A</title>
        <cusip>81141RAC4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1022886"/>
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        <balance>33000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38357558.58000000</valUSD>
        <pctVal>0.948713668932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Danaher Corp 4.75% CNV PFD A *DHR PA*</name>
        <lei>S4BKK9OTCEWQ3YHPFM11</lei>
        <title>Danaher Corp 4.75% CNV PFD A *DHR PA*</title>
        <cusip>235851300</cusip>
        <identifiers>
          <ticker value="DHR"/>
          <other otherDesc="Internal Identifier" value="965748"/>
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        <balance>54000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65941560.00000000</valUSD>
        <pctVal>1.630960406207</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>JAZZ INVESTMENTS I LTD 1.875% 08/15/2021 CNV</name>
        <lei>N/A</lei>
        <title>JAZZ INVESTMENTS I LTD 1.875% 08/15/2021 CNV</title>
        <cusip>472145AB7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="610633"/>
        </identifiers>
        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35699275.50000000</valUSD>
        <pctVal>0.882965232712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</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>Fortive Corp 5% CNV PFD A *FTVVP*</name>
        <lei>549300MU9YQJYHDQEF63</lei>
        <title>Fortive Corp 5% CNV PFD A *FTVVP*</title>
        <cusip>34959J207</cusip>
        <identifiers>
          <ticker value="FTV"/>
          <other otherDesc="Internal Identifier" value="878935"/>
        </identifiers>
        <balance>34350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33099660.00000000</valUSD>
        <pctVal>0.818667846483</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wix.com Ltd ZERO 07/01/2023 CNV</name>
        <lei>5493008P6N29Q1AG9464</lei>
        <title>Wix.com Ltd ZERO 07/01/2023 CNV</title>
        <cusip>92940WAB5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="994501"/>
        </identifiers>
        <balance>56500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70049046.35000000</valUSD>
        <pctVal>1.732552597928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>Alteryx Inc 1% 08/01/2026 CNV 144A</name>
        <lei>549300XWZG0JHL7I0827</lei>
        <title>Alteryx Inc 1% 08/01/2026 CNV 144A</title>
        <cusip>02156BAE3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1001066"/>
        </identifiers>
        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8629224.88000000</valUSD>
        <pctVal>0.213430257269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</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>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912828Z45</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912828Z45"/>
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        <balance>259047.31</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>259047.31</valUSD>
        <pctVal>0.006407126339</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
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          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>259047.31</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>264228.77</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ILLUMINA INC 0.50% 06/15/2021 CNV</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>ILLUMINA INC 0.50% 06/15/2021 CNV</title>
        <cusip>452327AH2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="605910"/>
        </identifiers>
        <balance>32500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40584375.00000000</valUSD>
        <pctVal>1.003790458334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</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>Workday Inc .25% 10/01/2022</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday Inc .25% 10/01/2022</title>
        <cusip>98138HAF8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="934307"/>
        </identifiers>
        <balance>57500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79125051.38000000</valUSD>
        <pctVal>1.957033257022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.25000000</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>Viavi Solutions Inc 06/01/2023</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>Viavi Solutions Inc 06/01/2023</title>
        <cusip>925550AE5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="987513"/>
        </identifiers>
        <balance>40969000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49800598.84000000</valUSD>
        <pctVal>1.231739208375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVAVAX INC 3.75% 02/01/2023 CNV</name>
        <lei>529900J4GJHPEPQ23205</lei>
        <title>NOVAVAX INC 3.75% 02/01/2023 CNV</title>
        <cusip>670002AB0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="660707"/>
        </identifiers>
        <balance>13000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7215000.00000000</valUSD>
        <pctVal>0.178451637037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</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>BUNGE LTD 4.875% CNV PFD</name>
        <lei>5493007M0RIN8HY3MM77</lei>
        <title>BUNGE LTD 4.875% CNV PFD</title>
        <cusip>G16962204</cusip>
        <identifiers>
          <ticker value="BG"/>
          <other otherDesc="Internal Identifier" value="431949"/>
        </identifiers>
        <balance>630000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65091600.00000000</valUSD>
        <pctVal>1.609937987161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY MEDIA CORP 2.25% 09/30/2046 CNV</name>
        <lei>549300ZKUTPIBZLWLL89</lei>
        <title>LIBERTY MEDIA CORP 2.25% 09/30/2046 CNV</title>
        <cusip>531229AE2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="672580"/>
        </identifiers>
        <balance>39000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22396219.95000000</valUSD>
        <pctVal>0.553935150869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</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>Pluralsight Inc 0.375% 03/01/2024 CNV 144A</name>
        <lei>254900B3VHPCKNREOX50</lei>
        <title>Pluralsight Inc 0.375% 03/01/2024 CNV 144A</title>
        <cusip>72941BAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="966863"/>
        </identifiers>
        <balance>39000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35229100.92000000</valUSD>
        <pctVal>0.871336206586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.37500000</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>MOTORS LIQUIDATION CO ESCROW ACCOUNT USD NPV  REF SM# 389523</name>
        <lei>N/A</lei>
        <title>MOTORS LIQUIDATION CO ESCROW ACCOUNT USD NPV  REF SM# 389523</title>
        <cusip>370ESC691</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="492839"/>
        </identifiers>
        <balance>376200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co/The 6.75% CNV PFD 2019 *SOUEU*</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The 6.75% CNV PFD 2019 *SOUEU*</title>
        <cusip>842587602</cusip>
        <identifiers>
          <ticker value="SO"/>
          <other otherDesc="Internal Identifier" value="1003211"/>
        </identifiers>
        <balance>550000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31234500.00000000</valUSD>
        <pctVal>0.772536057801</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEXCOM INC .75% 12/01/2023 CNV</name>
        <lei>549300YSK3QDSFR5EU59</lei>
        <title>DEXCOM INC .75% 12/01/2023 CNV</title>
        <cusip>252131AH0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1025861"/>
        </identifiers>
        <balance>64000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101720000.00000000</valUSD>
        <pctVal>2.515883647875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.75000000</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>CEMEX SAB DE CV 3.72% 03/15/2020 CNV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>CEMEX SAB DE CV 3.72% 03/15/2020 CNV</title>
        <cusip>151290BT9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="626896"/>
        </identifiers>
        <balance>44250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44448576.74000000</valUSD>
        <pctVal>1.099365389220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.72000000</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 Electric Power Co Inc 6.125% CNV PFD</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc 6.125% CNV PFD</title>
        <cusip>025537127</cusip>
        <identifiers>
          <ticker value="AEP"/>
          <other otherDesc="Internal Identifier" value="970552"/>
        </identifiers>
        <balance>440000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25520000.00000000</valUSD>
        <pctVal>0.631196919915</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY MEDIA CORP 1.375% 10/15/2023 CNV</name>
        <lei>549300ZKUTPIBZLWLL89</lei>
        <title>LIBERTY MEDIA CORP 1.375% 10/15/2023 CNV</title>
        <cusip>531229AB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="593078"/>
        </identifiers>
        <balance>21200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28622566.90000000</valUSD>
        <pctVal>0.707934015178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.37500000</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>STANLEY BLACK &amp; DECKER INC 5.375% CNV PRF *SWP*</name>
        <lei>549300DJ09SMTO561131</lei>
        <title>STANLEY BLACK &amp; DECKER INC 5.375% CNV PRF *SWP*</title>
        <cusip>854502887</cusip>
        <identifiers>
          <ticker value="SWK"/>
          <other otherDesc="Internal Identifier" value="665971"/>
        </identifiers>
        <balance>592000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61893600.00000000</valUSD>
        <pctVal>1.530840504799</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SILICON LABORATORIES INC 1.375% 03/01/2022 CNV</name>
        <lei>4PRDF8Q9TDHRVZKZSZ47</lei>
        <title>SILICON LABORATORIES INC 1.375% 03/01/2022 CNV</title>
        <cusip>826919AB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="686830"/>
        </identifiers>
        <balance>53700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64775625.00000000</valUSD>
        <pctVal>1.602122844263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.37500000</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>PTC Therapeutics Inc 1.5% 09/15/2026 CNV 144A</name>
        <lei>549300UJLWOIWFDGB318</lei>
        <title>PTC Therapeutics Inc 1.5% 09/15/2026 CNV 144A</title>
        <cusip>69366JAC5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1011416"/>
        </identifiers>
        <balance>48000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58295548.80000000</valUSD>
        <pctVal>1.441848387434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</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>SEMPRA ENERGY 6.00% CNV PFD *SER A*</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SEMPRA ENERGY 6.00% CNV PFD *SER A*</title>
        <cusip>816851406</cusip>
        <identifiers>
          <ticker value="SRE"/>
          <other otherDesc="Internal Identifier" value="682147"/>
        </identifiers>
        <balance>417500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52859675.00000000</valUSD>
        <pctVal>1.307400628829</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pinduoduo Inc ZERO 10/01/2024 CNV 144A</name>
        <lei>5493000573DS7005T657</lei>
        <title>Pinduoduo Inc ZERO 10/01/2024 CNV 144A</title>
        <cusip>722304AA0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1012521"/>
        </identifiers>
        <balance>44000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48611200.00000000</valUSD>
        <pctVal>1.202321305383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</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>Insulet Corp .375% 09/01/2026 CNV 144A</name>
        <lei>549300TZTYD2PYN92D43</lei>
        <title>Insulet Corp .375% 09/01/2026 CNV 144A</title>
        <cusip>45784PAJ0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1006703"/>
        </identifiers>
        <balance>75000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84459148.50000000</valUSD>
        <pctVal>2.088963730089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.37500000</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>ILLUMINA INC 08/15/2023 CNV ZERO</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>ILLUMINA INC 08/15/2023 CNV ZERO</title>
        <cusip>452327AK5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1005981"/>
        </identifiers>
        <balance>32750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34551250.00000000</valUSD>
        <pctVal>0.854570633982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="13538943.33000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912820J65</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912820J65"/>
        </identifiers>
        <balance>19483.89</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19483.89</valUSD>
        <pctVal>0.000481903266</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>19483.89</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>19873.61</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYFAIR INC 1.125% 11/01/2024</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>WAYFAIR INC 1.125% 11/01/2024</title>
        <cusip>94419LAD3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1025607"/>
        </identifiers>
        <balance>22000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23417086.00000000</valUSD>
        <pctVal>0.579184661308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</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>RH ZERO 09/15/2024 CNV 144A</name>
        <lei>5493008MTS3OGGMHGK69</lei>
        <title>RH ZERO 09/15/2024 CNV 144A</title>
        <cusip>74967XAC7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1010586"/>
        </identifiers>
        <balance>24000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27990988.80000000</valUSD>
        <pctVal>0.692312927740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</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>Okta Inc .125% 09/01/2025 CNV 144A</name>
        <lei>549300N8J06I8MRHU620</lei>
        <title>Okta Inc .125% 09/01/2025 CNV 144A</title>
        <cusip>679295AC9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1006916"/>
        </identifiers>
        <balance>80000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81180000.00000000</valUSD>
        <pctVal>2.007859167661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</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>ATLASSIAN INC .625% 05/01/2023 CNV</name>
        <lei>549300IXZ6QFOQGTMA56</lei>
        <title>ATLASSIAN INC .625% 05/01/2023 CNV</title>
        <cusip>04947PAB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="980037"/>
        </identifiers>
        <balance>43000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79886097.03000000</valUSD>
        <pctVal>1.975856519960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.62500000</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>MERCADOLIBRE INC 2% 08/15/2028 CNV</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC 2% 08/15/2028 CNV</title>
        <cusip>58733RAD4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1006521"/>
        </identifiers>
        <balance>50000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84357261.50000000</valUSD>
        <pctVal>2.086443715959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912833KZ2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912833KZ2"/>
        </identifiers>
        <balance>6.15</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6.15</valUSD>
        <pctVal>0.000000152110</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>6.15</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>6.27</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXA SA 7.25% 05/15/2021 CNV 144A</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA 7.25% 05/15/2021 CNV 144A</title>
        <cusip>054536AD9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="874068"/>
        </identifiers>
        <balance>71500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80258750.00000000</valUSD>
        <pctVal>1.985073502988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>Y</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>AXA SA 7.25% 05/15/2021 CNV 144A</name>
              <title>AXA SA 7.25% 05/15/2021 CNV 144A</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="N/A"/>
                <isin value="N/A"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="0.04267290" curCd="N/A"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Snap Inc .75% 08/01/2026 CNV 144A</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>Snap Inc .75% 08/01/2026 CNV 144A</title>
        <cusip>83304AAA4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1000909"/>
        </identifiers>
        <balance>59000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65818594.01000000</valUSD>
        <pctVal>1.627919036531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</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>U S TREASURY NOTE</name>
        <lei>N/A</lei>
        <title>U S TREASURY NOTE</title>
        <cusip>912803BB8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="912803BB8"/>
        </identifiers>
        <balance>70.09</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70.09</valUSD>
        <pctVal>0.000001733565</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SA"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.01568497</repurchaseRt>
          <maturityDt>2020-02-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>70.09</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>71.49</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL FLAVORS &amp; FRAGRANCES INC 6.00% CNV PFD *IFFIU*</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
        <title>INTERNATIONAL FLAVORS &amp; FRAGRANCES INC 6.00% CNV PFD *IFFIU*</title>
        <cusip>459506309</cusip>
        <identifiers>
          <ticker value="IFF"/>
          <other otherDesc="Internal Identifier" value="930991"/>
        </identifiers>
        <balance>1192242.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58074107.82000000</valUSD>
        <pctVal>1.436371394311</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>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-02-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
