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      <invstOrSec>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <title>Netflix Inc</title>
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        <name>TIME WARNER CABLE LLC</name>
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        <title>Time Warner Cable LLC</title>
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        <name>HILTON DOMESTIC OPERATIN</name>
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        <title>Hilton Domestic Operating Co Inc</title>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <fairValLevel>1</fairValLevel>
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                      <issuerName>US TREASURY N/B</issuerName>
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        <name>KRAFT HEINZ FOODS CO</name>
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      <invstOrSec>
        <name>TARGA RESOURCES PARTNERS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHANGE HEALTHCARE HOLDINGS</name>
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        <title>Change Healthcare Holdings LLC</title>
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          <isin value="US15911AAC71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Secu</name>
        <lei>N/A</lei>
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          <isin value="US46643PBL31"/>
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        <balance>3940000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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          <ticker value="UEAJ1P1.21"/>
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        <fairValLevel>1</fairValLevel>
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                      <ticker value="UEAM1"/>
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      <invstOrSec>
        <name>GLP CAPITAL LP / FIN II</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCAFEE LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ZIGGO FINANCING PARTNERS</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc</title>
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        <name>PARK AEROSPACE HOLDINGS</name>
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        <title>Park Aerospace Holdings Ltd</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Residential Asset Mortgage Pro</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HCA INC</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc</title>
        <cusip>404121AH8</cusip>
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        <balance>2030000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BP CAP MARKETS AMERICA</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America Inc</title>
        <cusip>10373QBN9</cusip>
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          <isin value="US10373QBN97"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEVA PHARMACEUTICALS NE</name>
        <lei>5493004T21MOAFINJP35</lei>
        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FED REPUBLIC OF BRAZIL</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
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          <isin value="US105756BR01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RBSSP Resecuritization Trust</name>
        <lei>549300WI4CNLL8T7Q274</lei>
        <title>RBSSP Resecuritization Trust 2013-4</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LENNAR CORP</name>
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        <title>Lennar Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOTA DO TESOURO NACIONAL</name>
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        <title>Brazil Notas do Tesouro Nacional Serie F</title>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DELTA TOPCO INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <title>CME Ultra Long Term US Treasury Bond</title>
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        <name>REPUBLIC OF KENYA</name>
        <lei>549300VVURQQYU45PR87</lei>
        <title>Kenya Government International Bond</title>
        <cusip>491798AG9</cusip>
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        <name>CONSTELLATION BRANDS INC</name>
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        <title>Constellation Brands Inc</title>
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        <name>HCA INC</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc</title>
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        <name>JP Morgan Chase Commercial Mor</name>
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        <name>1011778 BC / NEW RED FIN</name>
        <lei>N/A</lei>
        <title>1011778 BC ULC / New Red Finance Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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      <invstOrSec>
        <name>BAUSCH HEALTH COS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DELTA AIR LINES INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac - STACR</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>ABBVIE INC</name>
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        <name>FINCO I LLC</name>
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        <name>Morgan Stanley BAML Trust</name>
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        <name>RANGE RESOURCES CORP</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>Range Resources Corp</title>
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        <name>ML-CFC Commercial Mortgage Tru</name>
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        <name>ANHEUSER-BUSCH INBEV WOR</name>
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        <title>Asurion LLC</title>
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        <title>T-Mobile USA Inc</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HCA INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LENNAR CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPH ACQUISITION HOLDINGS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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          <ticker value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KRAFT HEINZ FOODS CO</name>
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        <title>Kraft Heinz Foods Co</title>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>PERATON CORP</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-02-24</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 5 YEAR TREASURY NOTE</title>
        <cusip>000000000</cusip>
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          <ticker value="FVM1"/>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>US TREASURY N/B</issuerName>
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      <invstOrSec>
        <name>Citibank, National Association</name>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="C10BAJ05DI5QCMRT"/>
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        <fairValLevel>2</fairValLevel>
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        <name>EQT CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>JANE STREET GROUP LLC</name>
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        <title>Jane Street Group LLC</title>
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        <name>CENTENE CORP</name>
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        <title>Centene Corp</title>
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        <name>LEVEL 3 PARENT LLC</name>
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        <title>Level 3 Parent LLC</title>
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          <other otherDesc="INTERNAL" value="BL3222785"/>
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        <balance>8904749.92000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Suisse Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JP Morgan Chase Commercial Mor</name>
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        <name>T-MOBILE USA INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PCI GAMING AUTHORITY</name>
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        <name>DELTA 2 LUX SARL</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BOEING CO</name>
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        <title>Entercom Media Corp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EOG RESOURCES INC</name>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TARGA RESOURCES PARTNERS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLIC OF PERU</name>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PETROBRAS GLOBAL FINANCE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ICE FUTURES EUROPE</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>Long Gilt</title>
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          <ticker value="G M1"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REALOGY GROUP LLC</name>
        <lei>LF6PBYTYG3BDVEF4FI12</lei>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>UNITED RENTALS NORTH AM</name>
        <lei>NGIZXNT70J2LYT3FBI09</lei>
        <title>United Rentals North America Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIRGIN MEDIA SECURED FIN</name>
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        <title>Virgin Media Secured Finance PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARTER COMMUNICATIONS OPER</name>
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        <name>RACKSPACE TECHNOLOGY</name>
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        <name>AERCAP IRELAND CAP/GLOBA</name>
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        <name>FOUR SEASONS HOTELS LTD</name>
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        <title>Four Seasons Hotels Ltd</title>
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        <invCountry>CA</invCountry>
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        <name>TARGA RESOURCES PARTNERS</name>
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        <name>EXXON MOBIL CORPORATION</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>Exxon Mobil Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SERVICE CORP INTL</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp International/US</title>
        <cusip>817565BT0</cusip>
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      <invstOrSec>
        <name>FED REPUBLIC OF BRAZIL</name>
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          <isin value="US105756BZ27"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NOTA DO TESOURO NACIONAL</name>
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        <title>Brazil Notas do Tesouro Nacional Serie F</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SABINE PASS LIQUEFACTION</name>
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      <invstOrSec>
        <name>Citibank, National Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alterra Mountain Co</name>
        <lei>549300C5O4FSVNUEI843</lei>
        <title>Alterra Mountain Co</title>
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          <isin value="US46124CAB37"/>
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        <curCd>USD</curCd>
        <valUSD>5207309.05000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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          <isin value="US345397A605"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216250.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA Inc</title>
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          <isin value="US87264ABR59"/>
          <other otherDesc="SEDOL" value="BMBKDD6"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1346490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>EURO FOREIGN EXCHANGE CURRENCY</title>
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          <ticker value="ECM1"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00D1PWP94"/>
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        <balance>63.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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                <issuerName>CHICAGO MERCANTILE EXCHANGE</issuerName>
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      <invstOrSec>
        <name>CHINA GOVERNMENT BOND</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government Bond</title>
        <cusip>000000000</cusip>
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          <isin value="CND1000291L3"/>
          <other otherDesc="SEDOL" value="BKDW712"/>
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        <balance>671000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-23</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <title>10 YEAR US TREASURY NOTE WEEK 4</title>
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        <name>ZAYO GROUP HOLDINGS INC</name>
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        <title>Zayo Group Holdings Inc</title>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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          <ticker value="RXM1"/>
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        <invCountry>DE</invCountry>

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        <name>CENTENE CORP</name>
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        <title>Centene Corp</title>
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          <other otherDesc="SEDOL" value="BMVX1F3"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WYNN MACAU LTD</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd</title>
        <cusip>98313RAE6</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>DELTA AIR LINES/SKYMILES</name>
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        <name>GOLDEN NUGGET</name>
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        <name>Countrywide Alternative Loan T</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <title>5 YEAR US TREASURY NOTE WEEK 4</title>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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      <invstOrSec>
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        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX GUARANTOR INC</name>
        <lei>N/A</lei>
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        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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          <other otherDesc="INTERNAL" value="SW0WS039768"/>
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        <units>NC</units>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CHICAGO MERCANTILE EXCHANGE INC.</counterpartyName>
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        <name>VFH PARENT LLC</name>
        <lei>549300FRO9M476YHHY64</lei>
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          <isin value="US91820UAQ31"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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                <issuerName>IHS MARKIT LTD</issuerName>
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        <name>TEVA PHARMACEUT FIN BV</name>
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        <title>Teva Pharmaceutical Finance Co BV</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESTERN DIGITAL CORP</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>Western Digital Corp</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>LENNAR CORP</name>
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        <title>Lennar Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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                <issuerName>IHS MARKIT LTD</issuerName>
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        <name>IHEARTCOMMUNICATIONS INC</name>
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        <title>iHeartCommunications Inc</title>
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        <name>STARS GROUP HOLDINGS BV</name>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WF-RBS COMMERCIAL MORTGAGE TRU</name>
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        <name>TBW Mortgage Backed Pass Throu</name>
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      <invstOrSec>
        <name>CAESARS RESORT COLLECTIO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HILTON WORLDWIDE FIN LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KRAFT HEINZ FOODS CO</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-12</maturityDt>
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      <invstOrSec>
        <name>ALPHABET INC</name>
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        <title>Alphabet Inc</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONTINENTAL RESOURCES</name>
        <lei>XXRTID9RYWOZ0UPIVR53</lei>
        <title>Continental Resources Inc/OK</title>
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          <isin value="US212015AS02"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NVIDIA CORP</name>
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        <title>NVIDIA Corp</title>
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          <isin value="US67066GAH74"/>
          <other otherDesc="SEDOL" value="BKP3KW5"/>
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        <curCd>USD</curCd>
        <valUSD>5435435.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-01</maturityDt>
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      <invstOrSec>
        <name>HCA INC</name>
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        <title>HCA Inc</title>
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          <isin value="US404119BN87"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAMERON LNG LLC</name>
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        <title>Cameron LNG LLC</title>
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          <isin value="US133434AB69"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KRAFT HEINZ FOODS CO</name>
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        <title>Kraft Heinz Foods Co</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MPLX LP</name>
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        <title>MPLX LP</title>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>TOLL BROS FINANCE CORP</name>
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        <name>PRIME SECSRVC BRW/FINANC</name>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
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        <name>WYNN MACAU LTD</name>
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        <name>Citibank, National Association</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>GO DADDY OPERATING CO LLC</name>
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        <title>Go Daddy Operating Co LLC</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <title>CBOT 2 Year US Treasury Note</title>
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          <ticker value="TUM1"/>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>US TREASURY N/B</issuerName>
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      <invstOrSec>
        <name>EQT CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES</name>
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        <title>Mexico Government International Bond</title>
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          <isin value="US91087BAA89"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BERRY PLASTICS GROUP INC</name>
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        <title>Berry Global Inc</title>
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          <isin value="US08579JBF84"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CREDIT SUISSE MORTGAGE TRUST</name>
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        <title>CSMC 2020-TMIC</title>
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          <isin value="US126390AA17"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PETROLEOS MEXICANOS</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
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          <isin value="US71654QCB68"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>EYECARE PARTNERS LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>T-MOBILE USA INC</name>
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        <title>T-Mobile USA Inc</title>
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        <name>BAT CAPITAL CORP</name>
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        <title>CityCenter Holdings LLC</title>
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        <name>REPUBLIC OF KENYA</name>
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        <title>Kenya Government International Bond</title>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <name>PETCO HEALTH &amp; WELLNESS</name>
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        <name>Natixis Commercial Mortgage Se</name>
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        <name>BOEING CO</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Citibank, National Association</name>
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      <invstOrSec>
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        <name>Accredited Mortgage Loan Trust</name>
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        <name>PROVINCIA DE BUENOS AIRE</name>
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        <name>Citigroup Commercial Mortgage</name>
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        <name>TARGA RESOURCES PARTNERS</name>
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        <name>OCCIDENTAL PETROLEUM COR</name>
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        <name>HANESBRANDS INC</name>
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        <title>Hanesbrands Inc</title>
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        <title>Kinder Morgan Inc</title>
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        <name>Freddie Mac - STACR</name>
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        <title>Freddie Mac Structured Agency Credit Risk Debt Notes</title>
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        <name>TEVA PHARMACEUTICALS NE</name>
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        <title>Teva Pharmaceutical Finance Netherlands III BV</title>
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        <name>TARGA RESOURCES PARTNERS</name>
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        <title>Mars Inc</title>
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      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC OF ARGENTINA</name>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALTRIA GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENDO INTERNATIONAL PLC</name>
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        <title>Endo International PLC</title>
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          <isin value="XAL2968EAB82"/>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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          <ticker value="ADH1"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00CDNM1C8"/>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>AUD USD EURO CURRENCY</issueTitle>
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      <invstOrSec>
        <name>KRAFT HEINZ FOODS CO</name>
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        <title>Kraft Heinz Foods Co</title>
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          <isin value="US42307TAG31"/>
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        <balance>432000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
        <title>Fannie Mae Connecticut Avenue Securities</title>
        <cusip>30711X3H5</cusip>
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          <isin value="US30711X3H56"/>
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        <balance>7183086.51000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.11763000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>10 YEAR US TREASURY NOTE</title>
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          <ticker value="TYJ1C134.5"/>
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        <fairValLevel>1</fairValLevel>
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                      <issuerName>US TREASURY N/B</issuerName>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>RUSSIA GOVT BOND - OFZ</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Fannie Mae - CAS</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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          <ticker value="EDM1"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG001R1LRQ4"/>
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      <invstOrSec>
        <name>CONSTELLATION BRANDS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>RANGE RESOURCES CORP</name>
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        <name>LOWE'S COS INC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
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        <name>SKYMILES IP LTD</name>
        <lei>N/A</lei>
        <title>SKYMILES IP LTD</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>PRIMO WATER HOLDINGS INC</name>
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        <name>BRIGHTVIEW LANDSCAPES</name>
        <lei>549300OSAEQC89PVOW06</lei>
        <title>Brightview Landscapes LLC</title>
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        <invCountry>US</invCountry>
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        <name>TEVA PHARMACEUT FIN BV</name>
        <lei>549300Q840R30TDKVK53</lei>
        <title>Teva Pharmaceutical Finance Co BV</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-18</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>SUZANO AUSTRIA GMBH</name>
        <lei>254900287ZNSGVP1R341</lei>
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        <cusip>86964WAJ1</cusip>
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          <isin value="US86964WAJ18"/>
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        <balance>13710000.00000000</balance>
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        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REPUBLIC OF COLOMBIA</name>
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          <isin value="US195325BR53"/>
          <other otherDesc="SEDOL" value="BJ62Z74"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae - CAS</name>
        <lei>N/A</lei>
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        <cusip>30711XJW5</cusip>
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          <isin value="US30711XJW56"/>
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        <balance>16410000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARDAGH PKG FIN/HLDGS USA</name>
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          <isin value="US03969AAL44"/>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>Banc of America Funding Corpor</name>
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        <name>Hildene Community Funding CLO</name>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>Barclays Commercial Mortgage S</name>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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          <other otherDesc="INTERNAL" value="BL2937516"/>
        </identifiers>
        <balance>13571512.14940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13579994.34000000</valUSD>
        <pctVal>0.395642259544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.70190000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust 2020-VIVA</title>
        <cusip>12433XAJ8</cusip>
        <identifiers>
          <isin value="US12433XAJ81"/>
        </identifiers>
        <balance>2910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2826702.12000000</valUSD>
        <pctVal>0.082353702499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.66704000</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>WILLIAMS COMPANIES INC</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The</title>
        <cusip>969457BV1</cusip>
        <identifiers>
          <isin value="US969457BV14"/>
          <other otherDesc="SEDOL" value="BNH5SJ3"/>
        </identifiers>
        <balance>5800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7282695.12000000</valUSD>
        <pctVal>0.212175489968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly 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>2021-04-22</ncom:dateSigned>
      <ncom:nameOfApplicant>Legg Mason Partners Institutional Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
