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        <name>Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A</name>
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        <name>Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 2017, Series 2018A</name>
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        <name>Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement Project 2011 and 2017, Series 2018</name>
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        <name>Mesa, Arizona, Utility System Revenue Bonds, Series 2018</name>
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          <isin value="US590545D712"/>
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        <name>Maricopa County Unified School District 11, Peoria, Arizona, General Obligation Bonds, School Improvement, Series 2018</name>
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        <name>Marana Unified School District No. 6 of Pima County, Arizona, School Improvement Bonds, Project of 2014, Series 2018D</name>
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      <invstOrSec>
        <name>Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2018</name>
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        <name>Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Vista College Preparatory Project, Series 2018A</name>
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        <name>Maricopa County Special Health Care District, Arizona, General Obligation Bonds, Series 2018C</name>
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        <name>Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2018</name>
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        <title>Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2018</title>
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        <name>Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A</name>
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        <name>Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Pinecrest Academy of Nevada Horizon, Inspirada and St. Rose Campus Project</name>
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        <name>Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2019</name>
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        <cusip>277484EW7</cusip>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <cusip>74529JPV1</cusip>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A</name>
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        <title>Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority, Student Housing Revenue Bonds, Provident Group - NCCU Properties LLC- North Carolina Central University, Ser</name>
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      <invstOrSec>
        <name>Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2019</name>
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      <invstOrSec>
        <name>Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</name>
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          <isin value="US74529JRL16"/>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</name>
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        <name>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A</name>
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        <name>Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019</name>
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          <isin value="US72177MSL27"/>
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      <invstOrSec>
        <name>Pinal County, Arizona, Pledged Revenue Obligations, Series 2019</name>
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        <title>Pinal County, Arizona, Pledged Revenue Obligations, Series 2019</title>
        <cusip>72205REM0</cusip>
        <identifiers>
          <isin value="US72205REM07"/>
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      <invstOrSec>
        <name>Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2019</name>
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        <cusip>277482CY9</cusip>
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        <name>Pima County Unified School District 6 Marana, Arizona, General Obligation Bonds, School Improvement, Project of 2014, Series 2019E</name>
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        <name>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2019A</name>
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        <cusip>56681NEH6</cusip>
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        <name>Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019B</name>
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        <name>Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Creighton University Projects, Series 2020</name>
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        <name>Maricopa County Unified School District 95 Queen Creek, Arizona, General Obligation Bonds, School Improvement Series 2020</name>
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        <name>Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Sustainability Series 2020A</name>
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      <invstOrSec>
        <name>Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2020</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A</name>
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        <cusip>718846AT5</cusip>
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          <isin value="US718846AT51"/>
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        <valUSD>1080054.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds, Series 2020</title>
        <cusip>98521SBC5</cusip>
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          <isin value="US98521SBC52"/>
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        <balance>2260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2285982.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A</name>
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        <title>Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A</title>
        <cusip>718846AZ1</cusip>
        <identifiers>
          <isin value="US718846AZ12"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529365.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Series 2020</name>
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        <title>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Series 2020</title>
        <cusip>74823YEL5</cusip>
        <identifiers>
          <isin value="US74823YEL56"/>
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        <balance>4900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4670517.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 3, Series 2020</name>
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        <title>Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 3, Series 2020</title>
        <cusip>12738CAU1</cusip>
        <identifiers>
          <isin value="US12738CAU18"/>
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        <balance>674000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592053.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A</title>
        <cusip>04052EAV0</cusip>
        <identifiers>
          <isin value="US04052EAV02"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1018129.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Linder Village Project in Meridian, Ada County, Idaho, Series 2</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Linder Village Project in Meridian, Ada County, Idaho, Series 2</title>
        <cusip>040523AJ1</cusip>
        <identifiers>
          <isin value="US040523AJ11"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102913.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</title>
        <cusip>04052HBF7</cusip>
        <identifiers>
          <isin value="US04052HBF73"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111295.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        <name>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</title>
        <cusip>04052HBG5</cusip>
        <identifiers>
          <isin value="US04052HBG56"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205818.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</title>
        <cusip>04052HBE0</cusip>
        <identifiers>
          <isin value="US04052HBE09"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds Pensar Academy Project, Series 2020</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds Pensar Academy Project, Series 2020</title>
        <cusip>04052BLX0</cusip>
        <identifiers>
          <isin value="US04052BLX00"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A</title>
        <cusip>71885FGT8</cusip>
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          <isin value="US71885FGT84"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020</title>
        <cusip>27748AAF4</cusip>
        <identifiers>
          <isin value="US27748AAF49"/>
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        <balance>210000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020</name>
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        <title>Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020</title>
        <cusip>27748AAG2</cusip>
        <identifiers>
          <isin value="US27748AAG22"/>
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        <balance>480000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2020</title>
        <cusip>315598GC0</cusip>
        <identifiers>
          <isin value="US315598GC00"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-15</maturityDt>
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      <invstOrSec>
        <name>Mesa, Arizona, Utility System Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Mesa, Arizona, Utility System Revenue Bonds, Series 2020</title>
        <cusip>590545R84</cusip>
        <identifiers>
          <isin value="US590545R845"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 12, Series 2021</name>
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        <name>Maricopa County Unified School District 69 Paradise Valley, Arizona, General Obligation Bonds, School Improvement Project of 2015, Series 2021E</name>
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        <name>Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2021C</name>
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        <name>Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Somerset Academy of Las Vegas ? Aliante and Skye Canyon Campus Pr</name>
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        <name>Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017</name>
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        <name>Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017</name>
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        <name>Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical Center, Series 2021A</name>
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          <isin value="US721901KT22"/>
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        <name>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2021A</name>
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          <isin value="US04052EBR80"/>
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        <name>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2021A</name>
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          <isin value="US04052EBS63"/>
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        <name>Carefree Utilities Community Facilities District, Arizona, Water System Revenue Bonds, Series 2021</name>
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        <title>Carefree Utilities Community Facilities District, Arizona, Water System Revenue Bonds, Series 2021</title>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B</name>
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        <name>Tartesso West Community Facility District, Buckeye, Arizona, Limited Tax General Obligation Bonds, Series 2021</name>
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        <name>Tempe Industrial Development Authority, Arizona, Revenue Bonds, Friendship Village of Tempe Project, Refunding Series 2021A</name>
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        <name>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Social Series 2021A</name>
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        <name>Sierra Vista Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Convertible Capital Appreciation Revenue Bonds, Series 202</name>
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      <invstOrSec>
        <name>Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2021</name>
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        <name>Glendale, Arizona, Water and Sewer Revenue Bonds, Senior Lien Series 2022A</name>
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        <name>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</name>
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        <name>Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2022</name>
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        <name>Sierra Vista Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Convertible Capital Appreciation Revenue Bonds, Series 202</name>
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        <name>City of Mesa, Arizona, Utility System Revenue Bonds, Series 2022C</name>
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        <name>Yuma County, Arizona, Pledge Revenue Obligations, Series 2022</name>
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        <cusip>988636BJ4</cusip>
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          <isin value="US988636BJ48"/>
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        <name>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Highland Prep Project, Series 2019</name>
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        <name>Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A</name>
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        <cusip>56678PAS6</cusip>
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        <name>Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, Special Assessment Revenue Bonds, Lucero Assessment District 2, Series 2023</name>
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        <cusip>29758RCQ4</cusip>
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          <isin value="US29758RCQ48"/>
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        <name>Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A</name>
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        <name>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2020</name>
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        <name>Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2023A</name>
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        <name>Maricopa County Unified School District 80, Chandler, Arizona, School Improvement Bonds, 2019 Project, Series 2021B</name>
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        <cusip>567389ZE4</cusip>
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        <name>Superstition Vistas Community Facilities District 1, Apache Junction, Arizona, Special Assessment Revenue Bonds, Series 2023</name>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Series 2020A</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Series 2020A</title>
        <cusip>56681NEU7</cusip>
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          <maturityDt>2040-07-01</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007</name>
        <lei>N/A</lei>
        <title>Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007</title>
        <cusip>158862CD2</cusip>
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          <isin value="US158862CD22"/>
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        <curCd>USD</curCd>
        <valUSD>280346.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Verrado District 1 Community Faciliites District, Buckeye, Arizona, General Obligation Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Verrado District 1 Community Faciliites District, Buckeye, Arizona, General Obligation Bonds, Series 2023</title>
        <cusip>92511QCF6</cusip>
        <identifiers>
          <isin value="US92511QCF63"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Junior Lien Series 2023</name>
        <lei>N/A</lei>
        <title>Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Junior Lien Series 2023</title>
        <cusip>71883PMN4</cusip>
        <identifiers>
          <isin value="US71883PMN41"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1085958.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maricopa, Arizona, Pledged Revenue Obligations, Series 2023</name>
        <lei>N/A</lei>
        <title>Maricopa, Arizona, Pledged Revenue Obligations, Series 2023</title>
        <cusip>566732AV5</cusip>
        <identifiers>
          <isin value="US566732AV57"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>559098.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016</title>
        <cusip>579173CN3</cusip>
        <identifiers>
          <isin value="US579173CN39"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005938.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Project of 2023, Series 2024A</name>
        <lei>N/A</lei>
        <title>Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Project of 2023, Series 2024A</title>
        <cusip>567541RX7</cusip>
        <identifiers>
          <isin value="US567541RX71"/>
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        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>855083.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2024A</name>
        <lei>N/A</lei>
        <title>Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2024A</title>
        <cusip>898700HM4</cusip>
        <identifiers>
          <isin value="US898700HM49"/>
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        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>581173.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024A</name>
        <lei>N/A</lei>
        <title>Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024A</title>
        <cusip>566736FL3</cusip>
        <identifiers>
          <isin value="US566736FL35"/>
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        <balance>955000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>954621.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</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>Pima County Unified School District 30 Sahuarita, Arizona, School Improvement Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Pima County Unified School District 30 Sahuarita, Arizona, School Improvement Bonds, Series 2024</title>
        <cusip>721864FW1</cusip>
        <identifiers>
          <isin value="US721864FW11"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1983121.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Mesa, Arizona, Utility System Revenue Bonds, Series 2022A</name>
        <lei>N/A</lei>
        <title>Mesa, Arizona, Utility System Revenue Bonds, Series 2022A</title>
        <cusip>590545W54</cusip>
        <identifiers>
          <isin value="US590545W548"/>
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        <balance>1830000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1929875.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Honor Health, Series 2024D</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Honor Health, Series 2024D</title>
        <cusip>56678PCL9</cusip>
        <identifiers>
          <isin value="US56678PCL94"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1070922.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2024A</name>
        <lei>N/A</lei>
        <title>Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2024A</title>
        <cusip>040664LM4</cusip>
        <identifiers>
          <isin value="US040664LM46"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1051420.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017F</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017F</title>
        <cusip>04052BEU4</cusip>
        <identifiers>
          <isin value="US04052BEU44"/>
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        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>725972.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maricopa County and Phoenix City Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024C</name>
        <lei>N/A</lei>
        <title>Maricopa County and Phoenix City Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024C</title>
        <cusip>566736HS6</cusip>
        <identifiers>
          <isin value="US566736HS69"/>
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        <balance>1875000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Vistancia North Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Vistancia North Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2024</title>
        <cusip>92841AAM9</cusip>
        <identifiers>
          <isin value="US92841AAM99"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>269152.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sedona, Arizona, Excise Tax Revenue Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Sedona, Arizona, Excise Tax Revenue Bonds, Series 2024</title>
        <cusip>81567LEK0</cusip>
        <identifiers>
          <isin value="US81567LEK08"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296388.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Refunding Series 2016</title>
        <cusip>74823YFX8</cusip>
        <identifiers>
          <isin value="US74823YFX85"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155935.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Refunding Series 2016</name>
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      <invstOrSec>
        <name>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</name>
        <lei>549300IPOV320QCKW060</lei>
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          <isin value="US400653LD12"/>
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      <invstOrSec>
        <name>Glendale, Arizona, General Obligation Bonds, Series 2024</name>
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      <invstOrSec>
        <name>Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A</name>
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        <title>Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A</title>
        <cusip>988514DC6</cusip>
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          <isin value="US988514DC65"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A</name>
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          <isin value="US988514DB82"/>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2024A</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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          <isin value="US79574CGL19"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tucson, Arizona, Water System Revenue Bonds, Obligations Series 2024</name>
        <lei>N/A</lei>
        <title>Tucson, Arizona, Water System Revenue Bonds, Obligations Series 2024</title>
        <cusip>898797JW6</cusip>
        <identifiers>
          <isin value="US898797JW64"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024</title>
        <cusip>74823YHD0</cusip>
        <identifiers>
          <isin value="US74823YHD04"/>
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        <balance>2000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2025</name>
        <lei>N/A</lei>
        <title>Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2025</title>
        <cusip>382900GF9</cusip>
        <identifiers>
          <isin value="US382900GF91"/>
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        <balance>1215000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Projects of 2023 and 2024, Series 202</name>
        <lei>N/A</lei>
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        <cusip>567541SQ1</cusip>
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          <isin value="US567541SQ12"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Refunding Junior Lien Series 2025</name>
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        <title>Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Refunding Junior Lien Series 2025</title>
        <cusip>71883MRL0</cusip>
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          <isin value="US71883MRL09"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Superstition Vistas Community Facilities District 2, Arizona, Special Assessment Bonds, Assessment Area 2, Series 2025</name>
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        <title>Superstition Vistas Community Facilities District 2, Arizona, Special Assessment Bonds, Assessment Area 2, Series 2025</title>
        <cusip>86852CAD3</cusip>
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          <isin value="US86852CAD39"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Glendale, Arizona, Water and Sewer Revenue Bonds, Refunding Senior Lien Series 2025</name>
        <lei>N/A</lei>
        <title>Glendale, Arizona, Water and Sewer Revenue Bonds, Refunding Senior Lien Series 2025</title>
        <cusip>378352SS8</cusip>
        <identifiers>
          <isin value="US378352SS85"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Buckeye, Arizona, General Obligation Bonds, Series 2025</name>
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        <title>Buckeye, Arizona, General Obligation Bonds, Series 2025</title>
        <cusip>118084CT7</cusip>
        <identifiers>
          <isin value="US118084CT79"/>
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        <balance>875000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Mayo/Brooks Rehabilitation Facility Project, Series 2024A</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Mayo/Brooks Rehabilitation Facility Project, Series 2024A</title>
        <cusip>71885MBV3</cusip>
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          <isin value="US71885MBV37"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Pinal County, Arizona, Pledged Revenue Obligations, Series 2025</name>
        <lei>N/A</lei>
        <title>Pinal County, Arizona, Pledged Revenue Obligations, Series 2025</title>
        <cusip>72205RJC7</cusip>
        <identifiers>
          <isin value="US72205RJC79"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Floreo at Teravalis Community Facilities District, Arizona, Special Assessment Revenue Bonds, District 1 Series 2025</name>
        <lei>N/A</lei>
        <title>Floreo at Teravalis Community Facilities District, Arizona, Special Assessment Revenue Bonds, District 1 Series 2025</title>
        <cusip>34039GAB4</cusip>
        <identifiers>
          <isin value="US34039GAB41"/>
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        <balance>1129000.00000000</balance>
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        <name>Maricopa County Elementary District 59 Laveen, Arizona, General Obligation Bonds, School Improvement Project 2024, Series 2025A</name>
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        <name>Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2025</name>
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        <name>Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Series 2025</name>
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        <name>Phoenix Industrial Development Authority, Arizona, Senior Living Rental Housing Revenue Bonds, Christian Care Surprise, Inc. Project, Refunding Series</name>
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    <signature>
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      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
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</edgarSubmission>
