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        <name>Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017</name>
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      <invstOrSec>
        <name>Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016</name>
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      <invstOrSec>
        <name>Sampson Area Development Corporation, Sampson County, North Carolina, Installment Payment Revenue Bonds, Refunding Series 2010</name>
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          <isin value="US79587YBH27"/>
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        <name>Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021</name>
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          <isin value="US436088BB31"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>North Carolina State, Limited Obligation Bonds, Refunding Series 2017B</name>
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          <isin value="US65829QCY89"/>
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        <balance>5275000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A</name>
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          <isin value="US65821DYF22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Henderson County, North Carolina, Limited Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Henderson County, North Carolina, Limited Obligation Bonds, Series 2021</title>
        <cusip>424898FN9</cusip>
        <identifiers>
          <isin value="US424898FN96"/>
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        <balance>200000.00000000</balance>
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        <valUSD>210786.00000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Scotland County, North Carolina, Limited Obligation Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>Scotland County, North Carolina, Limited Obligation Bonds, Series 2017</title>
        <cusip>809323AN8</cusip>
        <identifiers>
          <isin value="US809323AN80"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522975.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</title>
        <cusip>286650CY0</cusip>
        <identifiers>
          <isin value="US286650CY06"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>640608.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A</name>
        <lei>N/A</lei>
        <title>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A</title>
        <cusip>975700MC6</cusip>
        <identifiers>
          <isin value="US975700MC65"/>
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        <balance>365000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Series 2017A</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Series 2017A</title>
        <cusip>65830UAC6</cusip>
        <identifiers>
          <isin value="US65830UAC62"/>
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        <balance>1200000.00000000</balance>
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        <valUSD>1209096.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016</name>
        <lei>N/A</lei>
        <title>Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016</title>
        <cusip>238603BH6</cusip>
        <identifiers>
          <isin value="US238603BH64"/>
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        <balance>1795000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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        <cusip>65830RBK4</cusip>
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          <isin value="US65830RBK41"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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        <name>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
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        <cusip>975700QV0</cusip>
        <identifiers>
          <isin value="US975700QV01"/>
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        <balance>680000.00000000</balance>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A</title>
        <cusip>161036KW7</cusip>
        <identifiers>
          <isin value="US161036KW73"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4045760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017</title>
        <cusip>906400DY9</cusip>
        <identifiers>
          <isin value="US906400DY92"/>
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        <balance>400000.00000000</balance>
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        <valUSD>427940.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</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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        <name>Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2018</name>
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      <invstOrSec>
        <name>Durham Capital Financing Corporation, Durham County, North Carolina, Limited Obligation Bonds, Refunding Series 2016</name>
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        <name>Asheville, North Carolina, General Obligation Bonds, Refunding Series 2023</name>
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          <isin value="US044033SR08"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Series 2018</name>
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        <cusip>65818PMZ9</cusip>
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          <isin value="US65818PMZ98"/>
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      <invstOrSec>
        <name>Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A</name>
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          <isin value="US616126BE70"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A</name>
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          <isin value="US975700LZ69"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2019A</name>
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          <isin value="US906400FG68"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Davidson County, North Carolina, Limited Obligation Bonds, Series 2020</name>
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        <cusip>238603CG7</cusip>
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          <isin value="US238603CG72"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asheville, North Carolina, Special Obligation Bonds, Series 2021</name>
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        <title>Asheville, North Carolina, Special Obligation Bonds, Series 2021</title>
        <cusip>044072BE5</cusip>
        <identifiers>
          <isin value="US044072BE53"/>
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        <balance>650000.00000000</balance>
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        <valUSD>728065.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Certificates of Participation, Government Facilities &amp; Equipment, Series 2021B</name>
        <lei>5493001QNY6JJFWHQ568</lei>
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        <cusip>1610374A1</cusip>
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          <isin value="US1610374A17"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cape Fear Public Utility Authority, North Carolina, Water &amp; Sewer System Revenue Bonds, Refunding Series 2014A</name>
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        <cusip>139391CZ7</cusip>
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          <isin value="US139391CZ75"/>
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      <invstOrSec>
        <name>Buncombe County, North Carolina, Limited Obligation Bonds, Series 2015</name>
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        <cusip>120525FM7</cusip>
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          <isin value="US120525FM76"/>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A</name>
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          <isin value="US74529JRQ03"/>
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      <invstOrSec>
        <name>University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2017</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2017</title>
        <cusip>914710HH4</cusip>
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          <isin value="US914710HH49"/>
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      <invstOrSec>
        <name>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015</name>
        <lei>N/A</lei>
        <title>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015</title>
        <cusip>906400DD5</cusip>
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          <isin value="US906400DD55"/>
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        <name>Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A</name>
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        <title>Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A</title>
        <cusip>16207REC7</cusip>
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          <isin value="US16207REC79"/>
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      <invstOrSec>
        <name>Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A</title>
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          <isin value="US161035HG87"/>
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        <balance>1750000.00000000</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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      </invstOrSec>
      <invstOrSec>
        <name>University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A</name>
        <lei>N/A</lei>
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        <cusip>914716K38</cusip>
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          <isin value="US914716K382"/>
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        <curCd>USD</curCd>
        <valUSD>246364.50000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>North Carolina State, Limited Obligation Bonds, Refunding Series 2017B</name>
        <lei>N/A</lei>
        <title>North Carolina State, Limited Obligation Bonds, Refunding Series 2017B</title>
        <cusip>65829QCZ5</cusip>
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          <isin value="US65829QCZ54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017</name>
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        <title>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017</title>
        <cusip>67140PDT8</cusip>
        <identifiers>
          <isin value="US67140PDT84"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1061930.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017</name>
        <lei>549300TDDH9O6TH23823</lei>
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        <cusip>644804FM3</cusip>
        <identifiers>
          <isin value="US644804FM36"/>
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        <balance>2990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3213054.00000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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        <cusip>65821DYC9</cusip>
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          <isin value="US65821DYC90"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262222.80000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Finance Agency, Educational Facilities Revenue Bonds, Campbell University, Refunding Series 2021A</name>
        <lei>549300PWNPSB7G58A235</lei>
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        <cusip>65818PPC7</cusip>
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          <isin value="US65818PPC76"/>
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        <curCd>USD</curCd>
        <valUSD>1051980.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B</name>
        <lei>N/A</lei>
        <title>Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B</title>
        <cusip>957897MD0</cusip>
        <identifiers>
          <isin value="US957897MD08"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5845620.00000000</valUSD>
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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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          <maturityDt>2045-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A</title>
        <cusip>751073JW8</cusip>
        <identifiers>
          <isin value="US751073JW86"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1258503.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</title>
        <cusip>629752AQ9</cusip>
        <identifiers>
          <isin value="US629752AQ97"/>
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        <balance>920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020979.20000000</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>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</title>
        <cusip>286650DC7</cusip>
        <identifiers>
          <isin value="US286650DC76"/>
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        <balance>745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>797529.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of North Carolina, Chapel Hill, North Carolina, Hospital Revenue Bonds, System Series 2019</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Chapel Hill, North Carolina, Hospital Revenue Bonds, System Series 2019</title>
        <cusip>914714CZ1</cusip>
        <identifiers>
          <isin value="US914714CZ14"/>
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        <balance>8070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8668148.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016</name>
        <lei>N/A</lei>
        <title>Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016</title>
        <cusip>266122BL3</cusip>
        <identifiers>
          <isin value="US266122BL38"/>
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        <balance>1475000.00000000</balance>
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        <valUSD>1532112.00000000</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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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D</name>
        <lei>549300Y5IY4G3QB69428</lei>
        <title>Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D</title>
        <cusip>971697KW6</cusip>
        <identifiers>
          <isin value="US971697KW67"/>
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        <balance>1250000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</title>
        <cusip>975700QR9</cusip>
        <identifiers>
          <isin value="US975700QR98"/>
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        <balance>525000.00000000</balance>
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        <valUSD>593680.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wake County, North Carolina, General Obligation Bonds, Public Improvement Series 2023A</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>Wake County, North Carolina, General Obligation Bonds, Public Improvement Series 2023A</title>
        <cusip>930864GS6</cusip>
        <identifiers>
          <isin value="US930864GS62"/>
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        <balance>5000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</title>
        <cusip>396321EM9</cusip>
        <identifiers>
          <isin value="US396321EM95"/>
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        <balance>330000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016</name>
        <lei>549300PWNPSB7G58A235</lei>
        <title>North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016</title>
        <cusip>65818PLF4</cusip>
        <identifiers>
          <isin value="US65818PLF44"/>
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        <balance>685000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</title>
        <cusip>975700QP3</cusip>
        <identifiers>
          <isin value="US975700QP33"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>710625.50000000</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>2028-06-01</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>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</title>
        <cusip>65830UAG7</cusip>
        <identifiers>
          <isin value="US65830UAG76"/>
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        <balance>865000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>727741.80000000</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>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Central University, General Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>North Carolina Central University, General Revenue Bonds, Series 2019</title>
        <cusip>65819PDQ8</cusip>
        <identifiers>
          <isin value="US65819PDQ81"/>
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        <balance>1035000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1066257.00000000</valUSD>
        <pctVal>0.197082843357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</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>Davidson County, North Carolina, Limited Obligation Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Davidson County, North Carolina, Limited Obligation Bonds, Series 2020</title>
        <cusip>238603CH5</cusip>
        <identifiers>
          <isin value="US238603CH55"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497085.00000000</valUSD>
        <pctVal>0.091879279751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2019</title>
        <cusip>396290DW5</cusip>
        <identifiers>
          <isin value="US396290DW59"/>
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        <balance>4950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5241852.00000000</valUSD>
        <pctVal>0.968883765000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</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>Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A</name>
        <lei>N/A</lei>
        <title>Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A</title>
        <cusip>139391EV4</cusip>
        <identifiers>
          <isin value="US139391EV44"/>
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        <balance>1895000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1906332.10000000</valUSD>
        <pctVal>0.352359094150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Buncombe County, North Carolina, Limited Obligation Bonds, Series 2015</name>
        <lei>N/A</lei>
        <title>Buncombe County, North Carolina, Limited Obligation Bonds, Series 2015</title>
        <cusip>120525FU9</cusip>
        <identifiers>
          <isin value="US120525FU92"/>
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        <balance>1375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1411052.50000000</valUSD>
        <pctVal>0.260813517591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</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>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Sharon Towers, Series 2019A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Sharon Towers, Series 2019A</title>
        <cusip>65820YRN8</cusip>
        <identifiers>
          <isin value="US65820YRN84"/>
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        <balance>1105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>955648.20000000</valUSD>
        <pctVal>0.176638338135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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>Orange County, North Carolina, Limited Obligation Bonds, Series 2021A</name>
        <lei>N/A</lei>
        <title>Orange County, North Carolina, Limited Obligation Bonds, Series 2021A</title>
        <cusip>684566CV2</cusip>
        <identifiers>
          <isin value="US684566CV24"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>549015.00000000</valUSD>
        <pctVal>0.101477821243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</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>Metropolitan Sewerage District of Buncombe County, North Carolina, Sewerage System Revenue Bonds, Series 2014</name>
        <lei>254900U5AA2F4DQUFZ71</lei>
        <title>Metropolitan Sewerage District of Buncombe County, North Carolina, Sewerage System Revenue Bonds, Series 2014</title>
        <cusip>120532KF2</cusip>
        <identifiers>
          <isin value="US120532KF20"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1761795.00000000</valUSD>
        <pctVal>0.325643412435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>University of North Carolina, Wilmington, General Revenue Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Wilmington, General Revenue Bonds, Series 2021</title>
        <cusip>914722TN3</cusip>
        <identifiers>
          <isin value="US914722TN35"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>740137.50000000</valUSD>
        <pctVal>0.136804169140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Buncombe County, North Carolina, Limited Obligation Bonds, Series 2015</name>
        <lei>N/A</lei>
        <title>Buncombe County, North Carolina, Limited Obligation Bonds, Series 2015</title>
        <cusip>120525FN5</cusip>
        <identifiers>
          <isin value="US120525FN59"/>
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        <balance>2375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2441666.25000000</valUSD>
        <pctVal>0.451308199692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</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>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019</title>
        <cusip>65830VAR1</cusip>
        <identifiers>
          <isin value="US65830VAR15"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1897380.00000000</valUSD>
        <pctVal>0.350704422413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023</title>
        <cusip>479357BP9</cusip>
        <identifiers>
          <isin value="US479357BP96"/>
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        <balance>4125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3905385.00000000</valUSD>
        <pctVal>0.721856344394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A</name>
        <lei>N/A</lei>
        <title>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A</title>
        <cusip>396321DJ7</cusip>
        <identifiers>
          <isin value="US396321DJ75"/>
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        <balance>410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434522.10000000</valUSD>
        <pctVal>0.080315393914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Henderson County, North Carolina, Limited Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Henderson County, North Carolina, Limited Obligation Bonds, Series 2021</title>
        <cusip>424898FP4</cusip>
        <identifiers>
          <isin value="US424898FP45"/>
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        <balance>420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>440882.40000000</valUSD>
        <pctVal>0.081491007307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Rocky Mount, North Carolina, Special Obligation Bonds, Series 2016</name>
        <lei>N/A</lei>
        <title>Rocky Mount, North Carolina, Special Obligation Bonds, Series 2016</title>
        <cusip>774652AL5</cusip>
        <identifiers>
          <isin value="US774652AL55"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1039580.00000000</valUSD>
        <pctVal>0.192151969269</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
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        <name>Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016</name>
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        <name>Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A</name>
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        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
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        <name>County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023</name>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A</name>
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      <invstOrSec>
        <name>Greensboro, North Carolina, Limited Obligation Bonds, Coliseum Complex Project, Series 2018A</name>
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        <name>Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</name>
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        <cusip>975700QQ1</cusip>
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          <isin value="US975700QQ16"/>
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        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015</name>
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        <cusip>65821DSM4</cusip>
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        <name>Guilford County, North Carolina, General Obligation Bonds, Refunding Series 2017</name>
        <lei>549300OUKUGQGH8RCL96</lei>
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        <cusip>401784K85</cusip>
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          <isin value="US401784K851"/>
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        <name>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015</name>
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          <isin value="US906400DC72"/>
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        <name>Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B</name>
        <lei>5493001QNY6JJFWHQ568</lei>
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          <isin value="US1610372S43"/>
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      <invstOrSec>
        <name>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</name>
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        <cusip>396321EQ0</cusip>
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        <name>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A</name>
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        <name>University of North Carolina, Greensboro, General Revenue Bonds, Series 2014</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Greensboro, General Revenue Bonds, Series 2014</title>
        <cusip>914719TM1</cusip>
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          <isin value="US914719TM15"/>
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        <name>Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017</name>
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        <title>Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017</title>
        <cusip>147056GD1</cusip>
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          <isin value="US147056GD19"/>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A</title>
        <cusip>161037Y83</cusip>
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          <isin value="US161037Y830"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020</title>
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          <isin value="US16104PGP45"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>910992.00000000</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>2032-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Central University, General Revenue Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>North Carolina Central University, General Revenue Bonds, Refunding Series 2016</title>
        <cusip>65819PCD8</cusip>
        <identifiers>
          <isin value="US65819PCD87"/>
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        <balance>3215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3321255.75000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wake County, North Carolina, Limited Obligation Bonds, Series 2019</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>Wake County, North Carolina, Limited Obligation Bonds, Series 2019</title>
        <cusip>930876EK9</cusip>
        <identifiers>
          <isin value="US930876EK92"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2222640.00000000</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>2030-09-01</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>
      <invstOrSec>
        <name>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</title>
        <cusip>286650DH6</cusip>
        <identifiers>
          <isin value="US286650DH63"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1554210.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</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>
      <invstOrSec>
        <name>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015</name>
        <lei>N/A</lei>
        <title>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015</title>
        <cusip>67140PDA9</cusip>
        <identifiers>
          <isin value="US67140PDA93"/>
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        <balance>3185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3277651.65000000</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>2034-06-01</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>Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D</name>
        <lei>549300Y5IY4G3QB69428</lei>
        <title>Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D</title>
        <cusip>971697KV8</cusip>
        <identifiers>
          <isin value="US971697KV84"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552210.00000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015</name>
        <lei>N/A</lei>
        <title>North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015</title>
        <cusip>65820FAG2</cusip>
        <identifiers>
          <isin value="US65820FAG28"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1503690.00000000</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>2037-12-31</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>Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</title>
        <cusip>395468NH0</cusip>
        <identifiers>
          <isin value="US395468NH05"/>
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        <balance>13060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14397735.80000000</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>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Lincoln County, North Carolina, Enterprise Systems Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Lincoln County, North Carolina, Enterprise Systems Revenue Bonds, Series 2020</title>
        <cusip>53334CBJ7</cusip>
        <identifiers>
          <isin value="US53334CBJ71"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>241580.45000000</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>2031-08-01</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>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A</name>
        <lei>N/A</lei>
        <title>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A</title>
        <cusip>396321DG3</cusip>
        <identifiers>
          <isin value="US396321DG37"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>618260.50000000</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>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, EveryAge, Series 2021A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, EveryAge, Series 2021A</title>
        <cusip>65820YSP2</cusip>
        <identifiers>
          <isin value="US65820YSP24"/>
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        <balance>2970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2304512.10000000</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>2047-09-01</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>University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A</title>
        <cusip>914716L29</cusip>
        <identifiers>
          <isin value="US914716L299"/>
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        <balance>4415000.00000000</balance>
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        <valUSD>4381401.85000000</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>2040-10-01</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>Asheville, North Carolina, Special Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Asheville, North Carolina, Special Obligation Bonds, Series 2021</title>
        <cusip>044072BF2</cusip>
        <identifiers>
          <isin value="US044072BF29"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>744610.55000000</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>2031-04-01</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>Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023</title>
        <cusip>479357BN4</cusip>
        <identifiers>
          <isin value="US479357BN49"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3367350.00000000</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>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>University of North Carolina, Charlotte, General Revenue Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Charlotte, General Revenue Bonds, Series 2017</title>
        <cusip>914716H65</cusip>
        <identifiers>
          <isin value="US914716H651"/>
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        <balance>2165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2252725.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</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>Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021</title>
        <cusip>434682AJ9</cusip>
        <identifiers>
          <isin value="US434682AJ96"/>
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        <balance>495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545846.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2020A</name>
        <lei>N/A</lei>
        <title>Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2020A</title>
        <cusip>751073ME4</cusip>
        <identifiers>
          <isin value="US751073ME42"/>
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        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>837084.00000000</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>2036-05-01</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>University of North Carolina, Greensboro, General Revenue Bonds, Series 2018</name>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2018</name>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
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      <invstOrSec>
        <name>Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2022A</name>
        <lei>549300HVGPJDNBDPZV71</lei>
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        <cusip>12677RDQ7</cusip>
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          <isin value="US12677RDQ74"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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>74529JPU3</cusip>
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          <isin value="US74529JPU33"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Jacksonville City, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2016</name>
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        <title>Jacksonville City, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2016</title>
        <cusip>469650AN5</cusip>
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          <isin value="US469650AN52"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</title>
        <cusip>65830UAV4</cusip>
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          <isin value="US65830UAV44"/>
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        <balance>2385000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Appalachian State University, North Carolina, General Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Appalachian State University, North Carolina, General Revenue Bonds, Series 2019</title>
        <cusip>037777ZY8</cusip>
        <identifiers>
          <isin value="US037777ZY87"/>
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        <balance>3415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3193264.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A</name>
        <lei>549300XOH4JU704GMZ32</lei>
        <title>Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A</title>
        <cusip>160853SH1</cusip>
        <identifiers>
          <isin value="US160853SH19"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2040140.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A</title>
        <cusip>161037Y91</cusip>
        <identifiers>
          <isin value="US161037Y913"/>
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        <balance>3500000.00000000</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>2044-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Appalachian State University, North Carolina, General Revenue Bonds, Millennial Campus End Zone Project, Series 2018</name>
        <lei>N/A</lei>
        <title>Appalachian State University, North Carolina, General Revenue Bonds, Millennial Campus End Zone Project, Series 2018</title>
        <cusip>037777YX1</cusip>
        <identifiers>
          <isin value="US037777YX14"/>
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        <balance>1995000.00000000</balance>
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        <valUSD>2071667.85000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</title>
        <cusip>74529JRH0</cusip>
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          <isin value="US74529JRH04"/>
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        <balance>7405000.00000000</balance>
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      <invstOrSec>
        <name>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</name>
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        <title>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</title>
        <cusip>629752AT3</cusip>
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          <isin value="US629752AT37"/>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Refunding Series 2016A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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        <cusip>65821DUD1</cusip>
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          <isin value="US65821DUD10"/>
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      <invstOrSec>
        <name>Wake County, North Carolina, Limited Obligation Bonds, Refunding Series 2016A</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>Wake County, North Carolina, Limited Obligation Bonds, Refunding Series 2016A</title>
        <cusip>930876CZ8</cusip>
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          <isin value="US930876CZ89"/>
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        <balance>500000.00000000</balance>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A</title>
        <cusip>161036MH8</cusip>
        <identifiers>
          <isin value="US161036MH88"/>
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        <balance>1925000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019</title>
        <cusip>65830VAQ3</cusip>
        <identifiers>
          <isin value="US65830VAQ32"/>
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        <balance>15500000.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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        <cusip>65821DYB1</cusip>
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          <isin value="US65821DYB18"/>
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        <curCd>USD</curCd>
        <valUSD>261209.20000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Davidson County, North Carolina, General Obligation Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
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        <cusip>238595MP4</cusip>
        <identifiers>
          <isin value="US238595MP46"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309114.00000000</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>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017</name>
        <lei>549300TDDH9O6TH23823</lei>
        <title>New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017</title>
        <cusip>644804FG6</cusip>
        <identifiers>
          <isin value="US644804FG67"/>
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        <balance>2895000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3110967.00000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Revenue Bonds, First Mortgage Galloway Ridge Project, Refunding Series 2019A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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        <cusip>65820YQW9</cusip>
        <identifiers>
          <isin value="US65820YQW92"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>665202.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Winston-Salem, North Carolina, Limited Obligation Bonds, Series 2020A</name>
        <lei>549300AUJB2WE4FMLE24</lei>
        <title>Winston-Salem, North Carolina, Limited Obligation Bonds, Series 2020A</title>
        <cusip>975680EK1</cusip>
        <identifiers>
          <isin value="US975680EK10"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>566236.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>East Carolina University, North Carolina, General Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>East Carolina University, North Carolina, General Revenue Bonds, Series 2016A</title>
        <cusip>271371XF8</cusip>
        <identifiers>
          <isin value="US271371XF87"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2076060.00000000</valUSD>
        <pctVal>0.383730946460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</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>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019</title>
        <cusip>65830VAK6</cusip>
        <identifiers>
          <isin value="US65830VAK61"/>
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        <balance>5150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2230310.50000000</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>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2020</title>
        <cusip>117068GZ3</cusip>
        <identifiers>
          <isin value="US117068GZ38"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>893576.00000000</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>2032-04-01</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>North Carolina State, Federal Grant Anticipation Revenue, Vehicle Series 2021</name>
        <lei>N/A</lei>
        <title>North Carolina State, Federal Grant Anticipation Revenue, Vehicle Series 2021</title>
        <cusip>658268ER4</cusip>
        <identifiers>
          <isin value="US658268ER49"/>
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        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5112495.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017</name>
        <lei>N/A</lei>
        <title>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017</title>
        <cusip>67140PDM3</cusip>
        <identifiers>
          <isin value="US67140PDM32"/>
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        <balance>1215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1289625.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016</title>
        <cusip>682852CS5</cusip>
        <identifiers>
          <isin value="US682852CS59"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>991935.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017</name>
        <lei>N/A</lei>
        <title>Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017</title>
        <cusip>67140PDN1</cusip>
        <identifiers>
          <isin value="US67140PDN15"/>
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        <balance>1335000.00000000</balance>
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        <valUSD>1418517.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A</name>
        <lei>549300I7RPBIIRI16112</lei>
        <title>Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A</title>
        <cusip>751120CC8</cusip>
        <identifiers>
          <isin value="US751120CC80"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>761437.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</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>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2019</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2019</title>
        <cusip>65830RCT4</cusip>
        <identifiers>
          <isin value="US65830RCT41"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4096160.00000000</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>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</title>
        <cusip>65830RAR0</cusip>
        <identifiers>
          <isin value="US65830RAR03"/>
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        <balance>3760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2366619.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A</name>
        <lei>549300I7RPBIIRI16112</lei>
        <title>Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A</title>
        <cusip>751120CB0</cusip>
        <identifiers>
          <isin value="US751120CB08"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>461952.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</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>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018A</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018A</title>
        <cusip>65830VAA8</cusip>
        <identifiers>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2013A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Carolina State, General Obligation Bonds, Connect NC Public Improvement Series 2020A</name>
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        <title>North Carolina State, General Obligation Bonds, Connect NC Public Improvement Series 2020A</title>
        <cusip>6582565E8</cusip>
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          <isin value="US6582565E83"/>
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        <valUSD>2831950.00000000</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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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A</title>
        <cusip>65821DWG2</cusip>
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          <isin value="US65821DWG23"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A</name>
        <lei>549300XOH4JU704GMZ32</lei>
        <title>Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A</title>
        <cusip>160853ST5</cusip>
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          <isin value="US160853ST56"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
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      <invstOrSec>
        <name>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</name>
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        <title>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</title>
        <cusip>629752AN6</cusip>
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          <isin value="US629752AN66"/>
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        <balance>660000.00000000</balance>
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        <valUSD>742665.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Burke County, North Carolina, Limited Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Burke County, North Carolina, Limited Obligation Bonds, Series 2018</title>
        <cusip>121358BJ3</cusip>
        <identifiers>
          <isin value="US121358BJ34"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106345.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</title>
        <cusip>396321EP2</cusip>
        <identifiers>
          <isin value="US396321EP27"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297930.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</title>
        <cusip>65830UAJ1</cusip>
        <identifiers>
          <isin value="US65830UAJ16"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>679351.20000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A</name>
        <lei>5493003J6KNUY7E7SF98</lei>
        <title>Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A</title>
        <cusip>479354DS8</cusip>
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          <isin value="US479354DS86"/>
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        <balance>800000.00000000</balance>
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        <valUSD>893576.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020</title>
        <cusip>16104PGN9</cusip>
        <identifiers>
          <isin value="US16104PGN96"/>
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        <balance>520000.00000000</balance>
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        <valUSD>592737.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A</title>
        <cusip>65821DWK3</cusip>
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          <isin value="US65821DWK35"/>
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        <balance>12660000.00000000</balance>
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        <valUSD>11934835.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
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        <cusip>396321EN7</cusip>
        <identifiers>
          <isin value="US396321EN78"/>
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        <balance>325000.00000000</balance>
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        <valUSD>321542.00000000</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>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017</title>
        <cusip>65830RBM0</cusip>
        <identifiers>
          <isin value="US65830RBM07"/>
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        <balance>1415000.00000000</balance>
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        <valUSD>1449667.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B</name>
        <lei>N/A</lei>
        <title>North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B</title>
        <cusip>658196PK0</cusip>
        <identifiers>
          <isin value="US658196PK08"/>
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        <balance>310000.00000000</balance>
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        <valUSD>326836.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2015A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2015A</title>
        <cusip>65821DTQ4</cusip>
        <identifiers>
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        <balance>2950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2971476.00000000</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>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Wilmington, North Carolina, Limited Obligation Bonds, Refunding Series 2016</name>
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      <invstOrSec>
        <name>Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015</name>
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        <cusip>616129AB8</cusip>
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          <isin value="US616129AB89"/>
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        <curCd>USD</curCd>
        <valUSD>235929.60000000</valUSD>
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        <invCountry>US</invCountry>

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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A</name>
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        <cusip>6582034N1</cusip>
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          <isin value="US6582034N10"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nags Head, North Carolina, Limited Obligation Bonds, Series 2023</name>
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        <cusip>629752AS5</cusip>
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          <isin value="US629752AS53"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of North Carolina, Charlotte, General Revenue Bonds, Series 2014</name>
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        <title>University of North Carolina, Charlotte, General Revenue Bonds, Series 2014</title>
        <cusip>914716A47</cusip>
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          <isin value="US914716A474"/>
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        <balance>1975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1994374.75000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moore County, North Carolina, Limited Obligation Bonds, Series 2021</name>
        <lei>5493007M00XFG62UGU93</lei>
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        <cusip>617762BY4</cusip>
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          <isin value="US617762BY40"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>547036.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</title>
        <cusip>65830UAU6</cusip>
        <identifiers>
          <isin value="US65830UAU60"/>
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        <balance>3995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1778693.85000000</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>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina State, General Obligation Bonds, Series 2015A</name>
        <lei>N/A</lei>
        <title>North Carolina State, General Obligation Bonds, Series 2015A</title>
        <cusip>658256W81</cusip>
        <identifiers>
          <isin value="US658256W814"/>
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        <balance>11570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11714393.60000000</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>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina State, Limited Obligation Bonds, Series 2022A</name>
        <lei>N/A</lei>
        <title>North Carolina State, Limited Obligation Bonds, Series 2022A</title>
        <cusip>65829QFB5</cusip>
        <identifiers>
          <isin value="US65829QFB59"/>
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        <balance>1785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2061871.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</title>
        <cusip>65830UAM4</cusip>
        <identifiers>
          <isin value="US65830UAM45"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
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        <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>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A</title>
        <cusip>161036LA4</cusip>
        <identifiers>
          <isin value="US161036LA45"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5056850.00000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2014</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2014</title>
        <cusip>16104PFC4</cusip>
        <identifiers>
          <isin value="US16104PFC41"/>
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        <balance>2505000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023</name>
        <lei>N/A</lei>
        <title>County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023</title>
        <cusip>266705W65</cusip>
        <identifiers>
          <isin value="US266705W657"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017</name>
        <lei>549300TDDH9O6TH23823</lei>
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        <cusip>644804FL5</cusip>
        <identifiers>
          <isin value="US644804FL52"/>
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        <balance>960000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D</name>
        <lei>549300AUJB2WE4FMLE24</lei>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A</title>
        <cusip>161036LB2</cusip>
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          <isin value="US161036LB28"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2015</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2015</title>
        <cusip>161045MT3</cusip>
        <identifiers>
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        <balance>940000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>North Carolina State, Limited Obligation Bonds, Series 2020B</name>
        <lei>N/A</lei>
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          <isin value="US65829QED25"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B</name>
        <lei>5493001QNY6JJFWHQ568</lei>
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        <cusip>1610372Q8</cusip>
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          <isin value="US1610372Q86"/>
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        <balance>4080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4466416.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2022A</name>
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        <cusip>401784P56</cusip>
        <identifiers>
          <isin value="US401784P561"/>
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        <balance>2160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2477412.00000000</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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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asheville, North Carolina, General Obligation Bonds, Refunding Series 2023</name>
        <lei>N/A</lei>
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        <cusip>044033SM1</cusip>
        <identifiers>
          <isin value="US044033SM11"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>583870.00000000</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>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021</name>
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        <title>Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021</title>
        <cusip>436088AZ1</cusip>
        <identifiers>
          <isin value="US436088AZ18"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>512059.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hanover County, North Carolina, Limited Obligation Bonds, New Hanover County Financing Corporation, Series 2021</name>
        <lei>549300TDDH9O6TH23823</lei>
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        <cusip>64480PDZ9</cusip>
        <identifiers>
          <isin value="US64480PDZ99"/>
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        <balance>3620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4020661.60000000</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>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moore County, North Carolina, Limited Obligation Bonds, Series 2021</name>
        <lei>5493007M00XFG62UGU93</lei>
        <title>Moore County, North Carolina, Limited Obligation Bonds, Series 2021</title>
        <cusip>617762CA5</cusip>
        <identifiers>
          <isin value="US617762CA54"/>
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        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>813533.00000000</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>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D</name>
        <lei>549300Y5IY4G3QB69428</lei>
        <title>Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D</title>
        <cusip>971697KY2</cusip>
        <identifiers>
          <isin value="US971697KY24"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1365512.50000000</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>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Agricultural &amp; Technical State University, General Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>North Carolina Agricultural &amp; Technical State University, General Revenue Bonds, Refunding Series 2015A</title>
        <cusip>658187HA0</cusip>
        <identifiers>
          <isin value="US658187HA01"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4584915.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Central University, General Revenue Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>North Carolina Central University, General Revenue Bonds, Refunding Series 2016</title>
        <cusip>65819PCC0</cusip>
        <identifiers>
          <isin value="US65819PCC05"/>
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        <balance>3140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3230118.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020</title>
        <cusip>16104PGR0</cusip>
        <identifiers>
          <isin value="US16104PGR01"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>658743.75000000</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>2034-12-01</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>
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      <invstOrSec>
        <name>County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023</name>
        <lei>N/A</lei>
        <title>County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023</title>
        <cusip>266705W73</cusip>
        <identifiers>
          <isin value="US266705W731"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1862594.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2017B</name>
        <lei>549300OUKUGQGH8RCL96</lei>
        <title>Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2017B</title>
        <cusip>401784G31</cusip>
        <identifiers>
          <isin value="US401784G313"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1049040.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sampson County Water &amp; Sewer District II, North Carolina, General Obligation Bonds, Refunding Series 2015</name>
        <lei>N/A</lei>
        <title>Sampson County Water &amp; Sewer District II, North Carolina, General Obligation Bonds, Refunding Series 2015</title>
        <cusip>79587WAY0</cusip>
        <identifiers>
          <isin value="US79587WAY03"/>
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        <balance>1260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1281571.20000000</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>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clayton, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Clayton, North Carolina, Water and Sewer System Revenue Bonds, Series 2022</title>
        <cusip>184383AV9</cusip>
        <identifiers>
          <isin value="US184383AV93"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2044704.00000000</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>2045-08-01</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>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</title>
        <cusip>65830RAT6</cusip>
        <identifiers>
          <isin value="US65830RAT68"/>
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        <balance>20150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11262036.50000000</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>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017</title>
        <cusip>914719UW7</cusip>
        <identifiers>
          <isin value="US914719UW77"/>
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        <balance>835000.00000000</balance>
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        <name>Columbus County Industrial Facilities and Pollution Control Financing Authority, North Carolina, Recovery Zone Facility Bonds, International Paper Com</name>
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        <name>Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A</name>
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        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</name>
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        <name>Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A</name>
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        <name>Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2016</name>
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          <isin value="US396290CY25"/>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Series 2015 A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A</name>
        <lei>549300XOH4JU704GMZ32</lei>
        <title>Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A</title>
        <cusip>160853SX6</cusip>
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          <isin value="US160853SX68"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022</name>
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        <cusip>396321ER8</cusip>
        <identifiers>
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        <name>Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015</name>
        <lei>549300ISWSZ083ZKZF60</lei>
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        <cusip>616129AA0</cusip>
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          <isin value="US616129AA07"/>
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        <balance>1600000.00000000</balance>
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        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Wake Forest Baptist Obligated Group, Series 2012A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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        <cusip>65821DMN8</cusip>
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      <invstOrSec>
        <name>Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017</name>
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        <title>Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017</title>
        <cusip>147056GF6</cusip>
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          <isin value="US147056GF66"/>
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          <maturityDt>2038-12-01</maturityDt>
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      <invstOrSec>
        <name>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</name>
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        <cusip>286650DB9</cusip>
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          <isin value="US286650DB93"/>
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      <invstOrSec>
        <name>Scotland County, North Carolina, Limited Obligation Bonds, Series 2017</name>
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        <cusip>809323AR9</cusip>
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          <isin value="US809323AR94"/>
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        <balance>250000.00000000</balance>
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      <invstOrSec>
        <name>Wake County, North Carolina, Limited Obligation Bonds, Series 2018A</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>Wake County, North Carolina, Limited Obligation Bonds, Series 2018A</title>
        <cusip>930876DW4</cusip>
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          <isin value="US930876DW40"/>
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      <invstOrSec>
        <name>University of North Carolina, Charlotte, General Revenue Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Charlotte, General Revenue Bonds, Series 2017</title>
        <cusip>914716H73</cusip>
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          <isin value="US914716H735"/>
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      <invstOrSec>
        <name>Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A</name>
        <lei>549300ISWSZ083ZKZF60</lei>
        <title>Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A</title>
        <cusip>616126BG2</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B</name>
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        <name>Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017</name>
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          <isin value="US79588VBH78"/>
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        <name>High Point, North Carolina, Combined Enterprise System Revenue Bonds, Series 2014</name>
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        <name>Scotland County, North Carolina, Limited Obligation Bonds, Series 2018</name>
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          <isin value="US809323BK33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</name>
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          <isin value="US286650CZ70"/>
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        <name>Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A</name>
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          <isin value="US16207RED52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
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      <invstOrSec>
        <name>North Carolina Medial Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2020A</name>
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        <cusip>65821DXK2</cusip>
        <identifiers>
          <isin value="US65821DXK26"/>
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        <balance>4735000.00000000</balance>
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        <valUSD>4224140.85000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017</name>
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        <title>Monroe, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017</title>
        <cusip>611190FB0</cusip>
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          <isin value="US611190FB06"/>
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        <balance>1430000.00000000</balance>
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        <valUSD>1460444.70000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016</name>
        <lei>N/A</lei>
        <title>Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016</title>
        <cusip>266122BN9</cusip>
        <identifiers>
          <isin value="US266122BN93"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1036450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wake County, North Carolina, Limited Obligation Bonds, Series 2019</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>Wake County, North Carolina, Limited Obligation Bonds, Series 2019</title>
        <cusip>930876ER4</cusip>
        <identifiers>
          <isin value="US930876ER46"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2176720.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Concord, North Carolina, Utilities Systems Revenue Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Concord, North Carolina, Utilities Systems Revenue Bonds, Refunding Series 2016</title>
        <cusip>206461JA4</cusip>
        <identifiers>
          <isin value="US206461JA46"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1043050.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021</title>
        <cusip>436088AY4</cusip>
        <identifiers>
          <isin value="US436088AY43"/>
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        <balance>965000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017</title>
        <cusip>906400DU7</cusip>
        <identifiers>
          <isin value="US906400DU70"/>
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        <balance>400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</title>
        <cusip>65830RAQ2</cusip>
        <identifiers>
          <isin value="US65830RAQ20"/>
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        <balance>70000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A</title>
        <cusip>65820YLS3</cusip>
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          <isin value="US65820YLS36"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Western Carolina University, North Carolina, General Revenue Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Western Carolina University, North Carolina, General Revenue Bonds, Series 2018</title>
        <cusip>957897KR1</cusip>
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          <isin value="US957897KR12"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2043-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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        <cusip>65830RAS8</cusip>
        <identifiers>
          <isin value="US65830RAS85"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina State, Limited Obligation Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>North Carolina State, Limited Obligation Bonds, Series 2019A</title>
        <cusip>65829QDP6</cusip>
        <identifiers>
          <isin value="US65829QDP63"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2756100.00000000</valUSD>
        <pctVal>0.509426924819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019</title>
        <cusip>286650DA1</cusip>
        <identifiers>
          <isin value="US286650DA11"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450024.00000000</valUSD>
        <pctVal>0.083180705495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D</name>
        <lei>549300AUJB2WE4FMLE24</lei>
        <title>Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D</title>
        <cusip>975673FW9</cusip>
        <identifiers>
          <isin value="US975673FW97"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278047.50000000</valUSD>
        <pctVal>0.051393230608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C</title>
        <cusip>65830UAP7</cusip>
        <identifiers>
          <isin value="US65830UAP75"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>903105.00000000</valUSD>
        <pctVal>0.166926455113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A</title>
        <cusip>65820YLU8</cusip>
        <identifiers>
          <isin value="US65820YLU81"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226964.25000000</valUSD>
        <pctVal>0.041951199129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A</title>
        <cusip>65821DWM9</cusip>
        <identifiers>
          <isin value="US65821DWM90"/>
        </identifiers>
        <balance>7245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6728359.05000000</valUSD>
        <pctVal>1.243644011437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hillsborough, North Carolina, Special Assessement Revenue Bonds, Series 2013</name>
        <lei>N/A</lei>
        <title>Hillsborough, North Carolina, Special Assessement Revenue Bonds, Series 2013</title>
        <cusip>432360AA3</cusip>
        <identifiers>
          <isin value="US432360AA31"/>
        </identifiers>
        <balance>84000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83957.16000000</valUSD>
        <pctVal>0.015518318578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cary, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2020B</name>
        <lei>N/A</lei>
        <title>Cary, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2020B</title>
        <cusip>147056JW6</cusip>
        <identifiers>
          <isin value="US147056JW62"/>
        </identifiers>
        <balance>410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>460553.00000000</valUSD>
        <pctVal>0.085126845363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A</name>
        <lei>N/A</lei>
        <title>Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A</title>
        <cusip>395468KZ3</cusip>
        <identifiers>
          <isin value="US395468KZ30"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4867100.00000000</valUSD>
        <pctVal>0.899616046510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A</name>
        <lei>549300N3Q65G1ODRFX75</lei>
        <title>North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A</title>
        <cusip>6582034M3</cusip>
        <identifiers>
          <isin value="US6582034M37"/>
        </identifiers>
        <balance>3065000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3171631.35000000</valUSD>
        <pctVal>0.586232141537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Raleigh, North Carolina, Combined Enterprise System Revenue and Refunding Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>City of Raleigh, North Carolina, Combined Enterprise System Revenue and Refunding Bonds, Series 2023</title>
        <cusip>751100NN4</cusip>
        <identifiers>
          <isin value="US751100NN47"/>
        </identifiers>
        <balance>3875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4231577.50000000</valUSD>
        <pctVal>0.782148511650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021</title>
        <cusip>434682AL4</cusip>
        <identifiers>
          <isin value="US434682AL43"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>453204.00000000</valUSD>
        <pctVal>0.083768484465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A</name>
        <lei>549300ISWSZ083ZKZF60</lei>
        <title>Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A</title>
        <cusip>616126BH0</cusip>
        <identifiers>
          <isin value="US616126BH02"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157707.00000000</valUSD>
        <pctVal>0.029149955383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A</title>
        <cusip>751073JY4</cusip>
        <identifiers>
          <isin value="US751073JY43"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>308025.00000000</valUSD>
        <pctVal>0.056934156423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The International Organization for Standardization (ISO) country code included within Part C.5. of this filing may differ from that used for other purposes, such as for fund portfolio compliance purposes and for financial reporting purposes (i.e. the preparation of the fund's schedule of investments included within Part F of Form N-PORT and Form N-CSR." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust III</ncom:nameOfApplicant>
      <ncom:signature>E. Scott Wickerham</ncom:signature>
      <ncom:signerName>E. Scott Wickerham</ncom:signerName>
      <ncom:title>Vice President and Funds Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
