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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Department of Transportation State Highway Fund Revenue</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>37054.04000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64577XEJ19"/>
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        <curCd>USD</curCd>
        <valUSD>1052354.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Transportation Infrastructure Bank</name>
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          <isin value="US837152WB93"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67262.78000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>207758B51</cusip>
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          <isin value="US207758B512"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151177.34000000</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>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES CCD -C-1</title>
        <cusip>54438CYX4</cusip>
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          <isin value="US54438CYX46"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104205.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>UTILITY DEBT-TE-1-REF</title>
        <cusip>91802RGJ2</cusip>
        <identifiers>
          <isin value="US91802RGJ23"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108079.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>TN SCH BOND AUTH-B</title>
        <cusip>880558HW4</cusip>
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          <isin value="US880558HW48"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234153.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476GQ30"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>406546.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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          <isin value="US677522UV45"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51875.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>State of Utah</name>
        <lei>254900RWV9NSVUZONC07</lei>
        <title>UTAH ST</title>
        <cusip>917542WQ1</cusip>
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          <isin value="US917542WQ12"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>599432.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Mexico Finance Authority</name>
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        <cusip>64711RMA1</cusip>
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          <isin value="US64711RMA13"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165522.69000000</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>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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        <name>City of Houston TX</name>
        <lei>549300C64URYS0WQQY42</lei>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp</name>
        <lei>N/A</lei>
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        <balance>335000.00000000</balance>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada Highway Improvement Revenue</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WA ST-SER R-2023A-REF</title>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114126.80000000</valUSD>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US010268CC26"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GAZ54"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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          <isin value="US13068LVN27"/>
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        <curCd>USD</curCd>
        <valUSD>463559.89000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp</name>
        <lei>N/A</lei>
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          <isin value="US79467BCT08"/>
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        <curCd>USD</curCd>
        <valUSD>376669.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063CVM9</cusip>
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          <isin value="US13063CVM99"/>
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        <curCd>USD</curCd>
        <valUSD>252915.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
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          <isin value="US37358MEG24"/>
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        <curCd>USD</curCd>
        <valUSD>75731.16000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY DORM-A-SCH DISTS</title>
        <cusip>64990GAX0</cusip>
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          <isin value="US64990GAX07"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201873.20000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261APW17"/>
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        <curCd>USD</curCd>
        <valUSD>644690.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
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        <cusip>88278PH23</cusip>
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          <isin value="US88278PH232"/>
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        <valUSD>129067.23000000</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>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
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        <name>County of King WA Sewer Revenue</name>
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        <name>San Diego Public Facilities Financing Authority</name>
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        <name>Duval County Public Schools</name>
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        <name>State of North Carolina</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>Pierce County School District No 10 Tacoma</name>
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        <name>Los Angeles Unified School District/CA</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>575486.59000000</valUSD>
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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>City of New York NY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Permanent University Fund - University of Texas System</name>
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          <isin value="US9151158K89"/>
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        <curCd>USD</curCd>
        <valUSD>275105.56000000</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>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582R2J43"/>
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        <curCd>USD</curCd>
        <valUSD>105692.81000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas State University System</name>
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          <isin value="US88278PYL20"/>
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        <curCd>USD</curCd>
        <valUSD>104226.48000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
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          <isin value="US25476FXE32"/>
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        <curCd>USD</curCd>
        <valUSD>53341.73000000</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>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US927793D894"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106356.99000000</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>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US271014XZ03"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101135.03000000</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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        <name>State of Maryland</name>
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        <valUSD>451120.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <valUSD>457246.95000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Palm Beach County School District</name>
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        <name>City of New York NY</name>
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        <name>California State Public Works Board</name>
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        <name>Dallas County Utility &amp; Reclamation District</name>
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        <name>City of Chicago IL</name>
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        <name>Illinois Finance Authority</name>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
        <lei>N/A</lei>
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        <cusip>64972HT77</cusip>
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          <isin value="US64972HT776"/>
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        <curCd>USD</curCd>
        <valUSD>194006.48000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Clark NV</name>
        <lei>N/A</lei>
        <title>CLARK CNTY-REF-B</title>
        <cusip>180848RZ8</cusip>
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          <isin value="US180848RZ89"/>
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        <curCd>USD</curCd>
        <valUSD>103862.89000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US6461397C37"/>
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        <curCd>USD</curCd>
        <valUSD>117690.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY ST DORM AUTH-E-REF</title>
        <cusip>64990EV95</cusip>
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          <isin value="US64990EV953"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30516.84000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063EDC7</cusip>
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          <isin value="US13063EDC75"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252977.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK NY</title>
        <cusip>64966MP94</cusip>
        <identifiers>
          <isin value="US64966MP941"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319434.76000000</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>2025-08-01</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>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH BRIDGE</title>
        <cusip>89602N7H1</cusip>
        <identifiers>
          <isin value="US89602N7H13"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236311.16000000</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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>ILLINOIS ST TOLL HIGH</title>
        <cusip>452252NW5</cusip>
        <identifiers>
          <isin value="US452252NW54"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138134.46000000</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>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY DORM AUTH-C</title>
        <cusip>64990AJQ9</cusip>
        <identifiers>
          <isin value="US64990AJQ94"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226622.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>CONNECTICUT ST-B-REF</title>
        <cusip>20772KBS7</cusip>
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          <isin value="US20772KBS78"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>290166.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>KENTUCKY CMWLTH-B-REF</title>
        <cusip>49151F3B4</cusip>
        <identifiers>
          <isin value="US49151F3B40"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75770.47000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
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          <isin value="US235241TC06"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387657.80000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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        <cusip>13077C3N2</cusip>
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          <isin value="US13077C3N26"/>
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        <curCd>USD</curCd>
        <valUSD>201040.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Duval County Public Schools</name>
        <lei>254900RS6MO5WEO2WC42</lei>
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          <isin value="US267169GY06"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
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          <isin value="US594615BG00"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-04-15</maturityDt>
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        <name>American Municipal Power Inc</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Anaheim Public Financing Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>San Diego Unified School District/CA</name>
        <lei>N/A</lei>
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          <isin value="US7973552C72"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empire State Development Corp</name>
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          <isin value="US650036GQ38"/>
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      <invstOrSec>
        <name>Denver City &amp; County School District No 1</name>
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        <name>State of Washington</name>
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          <isin value="US93974DX299"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Finance Authority</name>
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          <isin value="US59447TNZ20"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Dallas TX Waterworks &amp; Sewer System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
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        <name>State of Maryland</name>
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        <name>State of Connecticut</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Clark County School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>City of New York NY</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Wisconsin</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>City of Chicago IL</name>
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        <name>Iowa Finance Authority</name>
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        <name>State of Georgia</name>
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        <name>Florida Insurance Assistance Interlocal Agency Inc</name>
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        <name>New York State Thruway Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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        <cusip>45884AA37</cusip>
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          <isin value="US45884AA376"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XLV90"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New Orleans LA Water System Revenue</name>
        <lei>N/A</lei>
        <title>NEW ORLEANS WTR-REF</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
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          <isin value="US88278PYG35"/>
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        <balance>1080000.00000000</balance>
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        <valUSD>1134150.01000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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          <isin value="US646139A961"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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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>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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        <curCd>USD</curCd>
        <valUSD>232550.03000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <curCd>USD</curCd>
        <valUSD>1035556.60000000</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>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Illinois</name>
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        <name>City &amp; County of San Francisco CA</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of California</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>State of Mississippi</name>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tampa Bay Water</name>
        <lei>N/A</lei>
        <title>TAMPA BAY WTR-A-REF</title>
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          <isin value="US875124DZ93"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990AFY6</cusip>
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          <isin value="US64990AFY64"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US155048DT59"/>
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        <valUSD>48953.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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          <isin value="US452252NR69"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Coast Community College District</name>
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          <isin value="US190335DG12"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New Jersey Turnpike Authority</name>
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          <isin value="US646140FF58"/>
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        <valUSD>221515.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Transit Authority Capital Grant Receipts Revenue</name>
        <lei>N/A</lei>
        <title>CHICAGO IL TRANSIT AU</title>
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        <identifiers>
          <isin value="US167723HD01"/>
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        <curCd>USD</curCd>
        <valUSD>317443.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Board of Governors of Colorado State University System</name>
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          <isin value="US196707YT43"/>
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        <valUSD>462012.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>Kentucky Turnpike Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Washington</name>
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        <name>County of King WA Sewer Revenue</name>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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          <isin value="US20775DUX82"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1144633.76000000</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>2048-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>LIPA-UTIL DEBT SEC</title>
        <cusip>91802RBS7</cusip>
        <identifiers>
          <isin value="US91802RBS76"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439612.78000000</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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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        <cusip>79574CCM3</cusip>
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          <isin value="US79574CCM38"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112380.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>HAWAII ST</title>
        <cusip>419792RC2</cusip>
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          <isin value="US419792RC27"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144388.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST-D-REF</title>
        <cusip>452153GC7</cusip>
        <identifiers>
          <isin value="US452153GC73"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130874.88000000</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>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>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY ST DORM AUTH-E-REF</title>
        <cusip>64990EY92</cusip>
        <identifiers>
          <isin value="US64990EY924"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86095.42000000</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>2030-03-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO PUB UTL</title>
        <cusip>79768HGZ5</cusip>
        <identifiers>
          <isin value="US79768HGZ55"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117671.17000000</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>2029-10-01</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>
        <name>State of Michigan Trunk Line Revenue</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST -B -REV</title>
        <cusip>594695Y85</cusip>
        <identifiers>
          <isin value="US594695Y857"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101513.19000000</valUSD>
        <pctVal>0.018110751670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</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>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST</title>
        <cusip>13063CR51</cusip>
        <identifiers>
          <isin value="US13063CR516"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155991.87000000</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>2026-09-01</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>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST CMWLTH-A</title>
        <cusip>927793D30</cusip>
        <identifiers>
          <isin value="US927793D308"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191731.49000000</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>2025-05-15</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>
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      <invstOrSec>
        <name>City of Little Rock AR Water Reclamation System Revenue</name>
        <lei>N/A</lei>
        <title>LITTLE ROCK SWR-REF</title>
        <cusip>537445QH4</cusip>
        <identifiers>
          <isin value="US537445QH49"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160210.85000000</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>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST-1ST</title>
        <cusip>70914PXA5</cusip>
        <identifiers>
          <isin value="US70914PXA55"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30158.05000000</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>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>N TX HWY CABS-REF-1ST</title>
        <cusip>66285WBV7</cusip>
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          <isin value="US66285WBV72"/>
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        <balance>690000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA</title>
        <cusip>13063DQK7</cusip>
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          <isin value="US13063DQK71"/>
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        <balance>145000.00000000</balance>
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        <valUSD>154567.48000000</valUSD>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
        <title>AL PUB SCH &amp; CLG-B</title>
        <cusip>010609AW5</cusip>
        <identifiers>
          <isin value="US010609AW55"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160291.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>CHICAGO ARPT-REF-B</title>
        <cusip>167593RD6</cusip>
        <identifiers>
          <isin value="US167593RD63"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210269.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CA ECON BAY TOLL-A</title>
        <cusip>13033WLA9</cusip>
        <identifiers>
          <isin value="US13033WLA98"/>
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        <balance>685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>739277.21000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>GEORGIA ST-A-1-REF</title>
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          <isin value="US373385HL04"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465691.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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          <isin value="US419792WH58"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063DPF9</cusip>
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          <isin value="US13063DPF95"/>
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        <curCd>USD</curCd>
        <valUSD>10540.18000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Issuer: BB Company ID:1049752</name>
        <lei>N/A</lei>
        <title>DANE CO-A</title>
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          <isin value="US236092AK88"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97282.39000000</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>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Philadelphia PA Water &amp; Wastewater Revenue</name>
        <lei>N/A</lei>
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          <isin value="US7178933G41"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282094.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
        <title>OHIO TPK &amp; INFRA-A</title>
        <cusip>67760HNR8</cusip>
        <identifiers>
          <isin value="US67760HNR83"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163426.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NJ TRN FD CAB-SER C</title>
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          <isin value="US646136EQ03"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276158.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>CONNECTICUT ST-A</title>
        <cusip>20772KVE6</cusip>
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          <isin value="US20772KVE62"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517614.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>MARYLAND-A</title>
        <cusip>574193QE1</cusip>
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          <isin value="US574193QE15"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171428.19000000</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>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK-A-REF</title>
        <cusip>64966SFP6</cusip>
        <identifiers>
          <isin value="US64966SFP65"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>311249.46000000</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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>NYC TRANSITIONAL A-1</title>
        <cusip>64971XB80</cusip>
        <identifiers>
          <isin value="US64971XB807"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49881.77000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>471242.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>CHICAGO ARPT-REF-B</title>
        <cusip>167593RG9</cusip>
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          <isin value="US167593RG94"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1011294.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RTL05"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>430937.48000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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          <isin value="US977100GS91"/>
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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>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Industrial Development Agency</name>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <balance>520000.00000000</balance>
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        <valUSD>525051.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38228.07000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Metropolitan Council</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476BK15"/>
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        <valUSD>632605.69000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-A-PREREF</title>
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          <isin value="US64990KBW27"/>
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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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
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        <title>NEW YORK</title>
        <cusip>64966Q2J8</cusip>
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          <isin value="US64966Q2J82"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>374376.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
        <lei>N/A</lei>
        <title>COLUMBIA DT-C</title>
        <cusip>25477GWE1</cusip>
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          <isin value="US25477GWE15"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450902.61000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>UTIL DEBT SEC AUTH-A</title>
        <cusip>91802RCA5</cusip>
        <identifiers>
          <isin value="US91802RCA59"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375229.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PA TPK COMM-A-REF-SUB</title>
        <cusip>709224RE1</cusip>
        <identifiers>
          <isin value="US709224RE19"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>696275.80000000</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>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>CONNECTICUT-A</title>
        <cusip>207758UB7</cusip>
        <identifiers>
          <isin value="US207758UB73"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20260.26000000</valUSD>
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        <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>Anaheim Public Financing Authority</name>
        <lei>N/A</lei>
        <title>ANAHEIM FING CAB-C</title>
        <cusip>03255LBQ1</cusip>
        <identifiers>
          <isin value="US03255LBQ14"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100262.70000000</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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
        <lei>N/A</lei>
        <title>MN ST PUB FACS AUTH-A</title>
        <cusip>604115DJ1</cusip>
        <identifiers>
          <isin value="US604115DJ15"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152693.73000000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Michigan</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST-REF</title>
        <cusip>594612DH3</cusip>
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          <isin value="US594612DH34"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>615869.52000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hamilton OH Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>HAMILTON CO-A-REF</title>
        <cusip>407287MF5</cusip>
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          <isin value="US407287MF59"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76059.38000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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          <isin value="US709225FF86"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>

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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063DG939"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
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          <isin value="US20772KRU50"/>
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          <maturityDt>2030-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
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          <isin value="US343137MW24"/>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063DE38</cusip>
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          <isin value="US13063DE389"/>
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        <balance>275000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</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>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
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        <name>State of Washington</name>
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        <name>Commonwealth of Massachusetts</name>
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        <curCd>USD</curCd>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>City of St Louis MO Airport Revenue</name>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency Inc</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Fort Worth Independent School District</name>
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        <name>San Diego Unified School District/CA</name>
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        <name>San Joaquin Hills Transportation Corridor Agency</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>State of Connecticut</name>
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        <name>Harris County-Houston Sports Authority</name>
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        <name>Houston Independent School District</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Plano Independent School District</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>University of Pittsburgh-of the Commonwealth System of Higher Education</name>
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        <name>Arizona Department of Transportation State Highway Fund Revenue</name>
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        <name>Long Island Power Authority</name>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
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      <invstOrSec>
        <name>University of Pittsburgh-of the Commonwealth System of Higher Education</name>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
        <lei>N/A</lei>
        <title>DT OF COLUMBIA-C-REF</title>
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          <isin value="US25477GVH54"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2027-12-01</maturityDt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <isin value="US64971XC227"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alamo Community College District</name>
        <lei>N/A</lei>
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          <isin value="US011415TM82"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US46613SRX08"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2030-08-01</maturityDt>
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        <name>Cleveland County Educational Facilities Authority</name>
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        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>City of New York NY</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <name>County of Nassau NY</name>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461362F76"/>
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        <curCd>USD</curCd>
        <valUSD>156744.09000000</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>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <cusip>60412AJ20</cusip>
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          <isin value="US60412AJ203"/>
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        <curCd>USD</curCd>
        <valUSD>27111.50000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garden State Preservation Trust</name>
        <lei>N/A</lei>
        <title>GARDEN ST PRSRV-CAB-B</title>
        <cusip>365418BF8</cusip>
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          <isin value="US365418BF88"/>
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        <curCd>USD</curCd>
        <valUSD>136267.74000000</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>2027-11-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063CUW8</cusip>
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          <isin value="US13063CUW80"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4991.41000000</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>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>207758S46</cusip>
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          <isin value="US207758S466"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515458.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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        <cusip>91412GYL3</cusip>
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          <isin value="US91412GYL30"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>232276.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64577BAA2</cusip>
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          <isin value="US64577BAA26"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500501.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Department of Transportation</name>
        <lei>N/A</lei>
        <title>WI ST -1</title>
        <cusip>9771233H9</cusip>
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          <isin value="US9771233H96"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>584530.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY DORM AUTH-A-PREREF</title>
        <cusip>64990FE67</cusip>
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          <isin value="US64990FE675"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>331337.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Houston TX</name>
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          <isin value="US4423315A89"/>
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        <balance>35000.00000000</balance>
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        <valUSD>38045.61000000</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>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <valUSD>150693.87000000</valUSD>
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          <maturityDt>2025-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Council</name>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Oregon Department of Transportation</name>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990AFB61"/>
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        <balance>335000.00000000</balance>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2029-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358WWP57"/>
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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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      <invstOrSec>
        <name>San Diego Unified School District/CA</name>
        <lei>N/A</lei>
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          <isin value="US797355ZF48"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <isin value="US574204L925"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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          <isin value="US88213AKW44"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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          <maturityDt>2025-11-01</maturityDt>
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        <name>Commonwealth of Pennsylvania</name>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>UTILITY DEBT SECZ-TE1</title>
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          <isin value="US91802REV78"/>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of Wisconsin</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Energy Northwest</name>
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        <name>California State Public Works Board</name>
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        <name>New York State Thruway Authority</name>
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      <invstOrSec>
        <name>County of Prince George's MD</name>
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          <isin value="US7417014Q68"/>
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        <curCd>USD</curCd>
        <valUSD>169743.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Fairfax VA</name>
        <lei>N/A</lei>
        <title>FAIRFAX CO-A-REF</title>
        <cusip>30382AEN8</cusip>
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          <isin value="US30382AEN81"/>
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        <curCd>USD</curCd>
        <valUSD>498190.40000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>HAWAII ST</title>
        <cusip>419792MJ2</cusip>
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          <isin value="US419792MJ25"/>
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        <curCd>USD</curCd>
        <valUSD>124839.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NJ ST TRANSPRTN TRUST</title>
        <cusip>64613CDD7</cusip>
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          <isin value="US64613CDD74"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581219.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Denton Independent School District</name>
        <lei>5493005I9W678SUI0Z07</lei>
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        <cusip>249002DY9</cusip>
        <identifiers>
          <isin value="US249002DY99"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101379.65000000</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>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Empire State Development Corp</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NY ST URBAN DEV-C-1</title>
        <cusip>6500356L7</cusip>
        <identifiers>
          <isin value="US6500356L71"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115892.84000000</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>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empire State Development Corp</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV</title>
        <cusip>650036GZ3</cusip>
        <identifiers>
          <isin value="US650036GZ37"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66936.25000000</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>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>NYC TRANSITIONAL FIN</title>
        <cusip>64971XN20</cusip>
        <identifiers>
          <isin value="US64971XN208"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>109630.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>TRINITY RIVER-REF</title>
        <cusip>89658HVC1</cusip>
        <identifiers>
          <isin value="US89658HVC14"/>
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        <balance>295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>311597.02000000</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>2028-08-01</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>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PA TURNPIKE COMM-REF</title>
        <cusip>709224LK3</cusip>
        <identifiers>
          <isin value="US709224LK33"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213996.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>MA WTR RES AUTH-B</title>
        <cusip>576051NV4</cusip>
        <identifiers>
          <isin value="US576051NV47"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77617.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>WI GEN FUND-A-REF</title>
        <cusip>977100GR1</cusip>
        <identifiers>
          <isin value="US977100GR19"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>368672.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>OHIO ST WTR DEV AUTH</title>
        <cusip>67766WWY4</cusip>
        <identifiers>
          <isin value="US67766WWY47"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>836576.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>MET TRANSPRTN AUTH NY</title>
        <cusip>59261AJM0</cusip>
        <identifiers>
          <isin value="US59261AJM09"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155050.08000000</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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Transportation Board</name>
        <lei>N/A</lei>
        <title>AZ TRANSPRTN BRD</title>
        <cusip>040649MT9</cusip>
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          <isin value="US040649MT97"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70796.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>NYC TRANSITIONAL A-1</title>
        <cusip>64971XB56</cusip>
        <identifiers>
          <isin value="US64971XB567"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93968.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Municipal Power Agency</name>
        <lei>549300M3I10QJUPNU131</lei>
        <title>FL MUNI PWR AGY-A-REF</title>
        <cusip>342816H99</cusip>
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          <isin value="US342816H990"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175604.08000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063DLA4</cusip>
        <identifiers>
          <isin value="US13063DLA45"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85608.01000000</valUSD>
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          <maturityDt>2029-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AWW34"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Department of Transportation State Highway Fund Revenue</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US92778VMK16"/>
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        <curCd>USD</curCd>
        <valUSD>104954.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
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        <cusip>64966QPR5</cusip>
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          <isin value="US64966QPR55"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148721.02000000</valUSD>
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        <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>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES-SER QRR</title>
        <cusip>544647HY9</cusip>
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          <isin value="US544647HY90"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231433.06000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harris County-Houston Sports Authority</name>
        <lei>N/A</lei>
        <title>HARRIS CO HOUSTON-A</title>
        <cusip>413890GQ1</cusip>
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          <isin value="US413890GQ10"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551420.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>ILLINOIS ST TOLL HIGH</title>
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          <isin value="US452252NS43"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137984.09000000</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>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>NORTH CAROLINA ST-B</title>
        <cusip>65829QCX0</cusip>
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          <isin value="US65829QCX07"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205188.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>TX WTR DEV BRD-B</title>
        <cusip>882854P30</cusip>
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          <isin value="US882854P305"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80691.82000000</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Council</name>
        <lei>N/A</lei>
        <title>MET COUNCIL-C-GANS</title>
        <cusip>591852Z84</cusip>
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          <isin value="US591852Z847"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198845.05000000</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>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Convention &amp; Sports Authority</name>
        <lei>N/A</lei>
        <title>WASHINGTON CONV-A-REF</title>
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          <isin value="US93878LBX47"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2030-04-15</maturityDt>
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        <name>North Texas Tollway Authority</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US25477GVG71"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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          <isin value="US79768HGV42"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105001.84000000</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>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency</name>
        <lei>N/A</lei>
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          <isin value="US798111BA77"/>
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        <balance>50000.00000000</balance>
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        <valUSD>49874.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>State of California</name>
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        <name>North Carolina Municipal Power Agency No 1</name>
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          <isin value="US658203X335"/>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>MO HWYS-A-REF-1ST</title>
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          <isin value="US60636WRK35"/>
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        <valUSD>278462.58000000</valUSD>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada Highway Improvement Revenue</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2025-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Virginia College Building Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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        <curCd>USD</curCd>
        <valUSD>92846.21000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <title>CALIFORNIA</title>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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          <maturityDt>2027-10-01</maturityDt>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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          <isin value="US91802RGH66"/>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <isin value="US658268EA14"/>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
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          <isin value="US54438CZQ85"/>
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        <name>New York City Municipal Water Finance Authority</name>
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          <isin value="US64972GWH37"/>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <isin value="US13063EGY68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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        <name>State Public School Building Authority</name>
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          <isin value="US857322PX32"/>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District/CA</name>
        <lei>N/A</lei>
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          <isin value="US7973554S07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
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          <isin value="US23503CCP05"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
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          <isin value="US3733844A17"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
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          <isin value="US3733846J08"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of New York NY</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>School Board of Miami-Dade County/The</name>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>State of California</name>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <maturityDt>2027-07-15</maturityDt>
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        <name>State of Florida Lottery Revenue</name>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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          <maturityDt>2026-10-01</maturityDt>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>State of California</name>
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          <maturityDt>2026-02-01</maturityDt>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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        <name>City of Austin TX</name>
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          <isin value="US052397AM89"/>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia Public Building Authority</name>
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          <isin value="US928172X831"/>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oxnard Union High School District</name>
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        <name>Alamo Community College District</name>
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          <isin value="US011415TH97"/>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Duval County Public Schools</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
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          <isin value="US646067EJ39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Mesa AZ Utility System Revenue</name>
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          <isin value="US590545P377"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Bay Area Toll Authority</name>
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        <curCd>USD</curCd>
        <valUSD>281164.90000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2029-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fort Worth Independent School District</name>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Maryland</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>University of Colorado</name>
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      <invstOrSec>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Unified School District/CA</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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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>2026-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Health and Hospitals Corp</name>
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          <maturityDt>2027-02-15</maturityDt>
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        <name>New York City Transitional Finance Authority</name>
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        <name>District of Columbia Income Tax Revenue</name>
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        <name>Virginia Public School Authority</name>
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        <name>Long Island Power Authority</name>
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      <invstOrSec>
        <name>Greater Cleveland Regional Transit Authority Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>GTR CLEVELAND REGL</title>
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          <isin value="US39167JDQ58"/>
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        <curCd>USD</curCd>
        <valUSD>49368.96000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US92778UBV17"/>
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        <curCd>USD</curCd>
        <valUSD>25139.16000000</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>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Municipal Power Agency No 1</name>
        <lei>549300N3Q65G1ODRFX75</lei>
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          <isin value="US658203X822"/>
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        <curCd>USD</curCd>
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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>2025-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US646136V401"/>
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        <curCd>USD</curCd>
        <valUSD>751428.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>MET TRANSPRTN-B-REF</title>
        <cusip>59261ANH6</cusip>
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          <isin value="US59261ANH67"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88384.93000000</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>2026-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <cusip>452152S44</cusip>
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          <isin value="US452152S449"/>
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        <curCd>USD</curCd>
        <valUSD>137481.93000000</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>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLORADO RIVER</title>
        <cusip>54811BF30</cusip>
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          <isin value="US54811BF309"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284580.41000000</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>2027-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
        <lei>N/A</lei>
        <title>MET TRANSPRTN AUTH NY</title>
        <cusip>59259N2H5</cusip>
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          <isin value="US59259N2H54"/>
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        <curCd>USD</curCd>
        <valUSD>309104.72000000</valUSD>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York City Transitional Finance Authority</name>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Wisconsin</name>
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        <balance>85000.00000000</balance>
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        <valUSD>89693.46000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <title>MA BAY TRN</title>
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        <name>New Jersey Turnpike Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>Dallas College</name>
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        <name>District of Columbia</name>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago IL</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270C3B98"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of New York NY</name>
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          <isin value="US64966MRV36"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US92778VLQ94"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <valUSD>170636.13000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Rockwall Independent School District</name>
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        <lei>5493001635XK841MIO47</lei>
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        <name>Oregon State Lottery</name>
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        <name>Cincinnati City School District</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
        <lei>N/A</lei>
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        <name>Bay Area Toll Authority</name>
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        <name>Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue</name>
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        <name>University of Washington</name>
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        <name>State of California</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Duval County Public Schools</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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          <isin value="US797258AD21"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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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>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Philadelphia/The</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Transportation Commission</name>
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          <isin value="US882830BL50"/>
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        <curCd>USD</curCd>
        <valUSD>236436.57000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>San Diego Community College District</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990CUZ21"/>
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      <invstOrSec>
        <name>Arizona Department of Transportation State Highway Fund Revenue</name>
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          <isin value="US040654YM19"/>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of California</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of California</name>
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        <name>Clear Creek Independent School District</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990AEZ49"/>
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        <name>North Carolina Municipal Power Agency No 1</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
        <title>UTAH TRANSIT AUTH-REF</title>
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          <isin value="US917567AY59"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <title>NYC TRANSITIONAL FIN</title>
        <cusip>64971XN46</cusip>
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          <isin value="US64971XN463"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294463.03000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
        <title>CYPRESS-FAIRBANKS-A</title>
        <cusip>232769MR7</cusip>
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          <isin value="US232769MR70"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104937.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIF SD-C</title>
        <cusip>544647CX6</cusip>
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          <isin value="US544647CX62"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>463870.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Santa Clara Valley Water District</name>
        <lei>N/A</lei>
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          <isin value="US80168FPN05"/>
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        <balance>55000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
        <lei>N/A</lei>
        <title>MET TRANSPRTN AUTH NY</title>
        <cusip>59259N2J1</cusip>
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          <isin value="US59259N2J11"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>591249.96000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>County of Williamson TX</name>
        <lei>N/A</lei>
        <title>WILLIAMSON CO-NTS</title>
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        <balance>245000.00000000</balance>
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        <valUSD>270893.54000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <name>City of Memphis TN</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <name>State of California</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>Gainesville &amp; Hall County Hospital Authority</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Empire State Development Corp</name>
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        <name>State of Nevada</name>
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        <name>Riverside County Public Financing Authority</name>
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        <name>Missouri Highway &amp; Transportation Commission</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Northside Independent School District</name>
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      <invstOrSec>
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        <name>State of Illinois</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Maryland</name>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp</name>
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          <isin value="US71883RNL32"/>
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        <valUSD>200120.70000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914PVQ26"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Michigan</name>
        <lei>N/A</lei>
        <title>UNIV OF MICHIGAN</title>
        <cusip>914455QM5</cusip>
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          <isin value="US914455QM57"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Palm Beach County School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Utah Transit Authority</name>
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        <name>State of New Jersey</name>
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      <invstOrSec>
        <name>State of California</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Coast Community College District</name>
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          <maturityDt>2039-08-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>E-470 Public Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Phoenix Civic Improvement Corp</name>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Water District of Southern California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Central Florida Expressway Authority</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cass County Joint Water Resource District</name>
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          <maturityDt>2027-04-01</maturityDt>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of Georgia</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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          <isin value="US91802REW51"/>
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        <name>City of New York NY</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>Greater Cleveland Regional Transit Authority Sales Tax Revenue</name>
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        <name>Washington Convention &amp; Sports Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Clara Valley Transportation Authority</name>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <title>WASHINGTON</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA-REF</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Michigan Trunk Line Revenue</name>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma County Independent School District No 89 Oklahoma City</name>
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        <name>Delaware River Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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          <isin value="US709224HB89"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
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          <isin value="US167593RC80"/>
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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>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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          <isin value="US64972HF726"/>
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        <curCd>USD</curCd>
        <valUSD>215883.44000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358WYY4</cusip>
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          <isin value="US73358WYY47"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152486.78000000</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>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XAG43"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157196.44000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
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          <isin value="US64972GYL21"/>
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        <curCd>USD</curCd>
        <valUSD>183883.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
        <lei>N/A</lei>
        <title>JEA-THREE A-REV-REF</title>
        <cusip>46613SRV4</cusip>
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          <isin value="US46613SRV42"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270949.05000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST</title>
        <cusip>13063EBW5</cusip>
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          <isin value="US13063EBW57"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>456684.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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        <balance>35000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia Income Tax Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <name>District of Columbia</name>
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        <name>Texas Water Development Board</name>
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        <name>State of California</name>
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        <name>State of Wisconsin</name>
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        <name>Lower Colorado River Authority</name>
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        <name>State of Minnesota</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>NEW MEXICO ST FIN AUT</title>
        <cusip>64711RMP8</cusip>
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          <isin value="US64711RMP81"/>
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        <curCd>USD</curCd>
        <valUSD>223184.92000000</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>2030-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>LONG ISLAND PWR-CAB</title>
        <cusip>542690NY4</cusip>
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          <isin value="US542690NY43"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58992.04000000</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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
        <lei>N/A</lei>
        <title>ATLANTA-REV</title>
        <cusip>047870SU5</cusip>
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          <isin value="US047870SU51"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568415.30000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>PA CMNWLTH-2ND SER-D</title>
        <cusip>70914PXY3</cusip>
        <identifiers>
          <isin value="US70914PXY32"/>
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        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206165.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH</title>
        <cusip>64990AFP5</cusip>
        <identifiers>
          <isin value="US64990AFP57"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50298.35000000</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>2025-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST BLDG AUTH</title>
        <cusip>594615FL5</cusip>
        <identifiers>
          <isin value="US594615FL58"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140224.39000000</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>2030-10-15</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>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>NYC TRAN FIN AUTH-SUB</title>
        <cusip>64971WN22</cusip>
        <identifiers>
          <isin value="US64971WN226"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>232389.63000000</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>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>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES USD-B-REF</title>
        <cusip>5446464X7</cusip>
        <identifiers>
          <isin value="US5446464X73"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60627.83000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>NEW MEXICO ST FIN AUT</title>
        <cusip>64711RML7</cusip>
        <identifiers>
          <isin value="US64711RML77"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56898.42000000</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>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>N TX TOLL AUTH-A-REF</title>
        <cusip>66285WSD9</cusip>
        <identifiers>
          <isin value="US66285WSD91"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165198.97000000</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>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
        <title>DALLAS TX AREA RAPID</title>
        <cusip>235241TD8</cusip>
        <identifiers>
          <isin value="US235241TD88"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267668.31000000</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>2030-12-01</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>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp</name>
        <lei>N/A</lei>
        <title>RI COMMERCE CORP-B</title>
        <cusip>762232AQ9</cusip>
        <identifiers>
          <isin value="US762232AQ96"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293244.62000000</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>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NJ ST ECON DEV AUTH</title>
        <cusip>64577XET9</cusip>
        <identifiers>
          <isin value="US64577XET90"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1133067.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>ENERGY NW-B-REF</title>
        <cusip>29270C6A8</cusip>
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          <isin value="US29270C6A88"/>
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        <balance>160000.00000000</balance>
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        <valUSD>161876.21000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NJ ECON DEV AUTH-RRR-</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV</title>
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          <isin value="US650035T998"/>
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        <balance>540000.00000000</balance>
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        <valUSD>555907.27000000</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>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US343137QS75"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50592.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
        <title>HONOLULU CITY &amp; CO-B</title>
        <cusip>438687MB8</cusip>
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          <isin value="US438687MB88"/>
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        <curCd>USD</curCd>
        <valUSD>128859.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
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          <isin value="US89602NF827"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40786.20000000</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>2030-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063ECZ79"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>530990.00000000</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empire State Development Corp</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV</title>
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          <isin value="US650035Q432"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152584.20000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>NJ ST EDU FACS AUTH-B</title>
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          <isin value="US646066N712"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84657.38000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>MARYLAND ST-A</title>
        <cusip>574193PQ5</cusip>
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          <isin value="US574193PQ53"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529652.80000000</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>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK</title>
        <cusip>64966QM23</cusip>
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          <isin value="US64966QM238"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103749.82000000</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>2026-08-01</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>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>MARYLAND ST-A</title>
        <cusip>574193TD0</cusip>
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          <isin value="US574193TD05"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568062.58000000</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>INTERMOUNTAIN PWR AGY</title>
        <cusip>45884AA29</cusip>
        <identifiers>
          <isin value="US45884AA293"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247096.31000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH</title>
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          <isin value="US64990ADU60"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45792.93000000</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>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>GEORGIA ST -A</title>
        <cusip>373385GQ0</cusip>
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          <isin value="US373385GQ00"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55287.52000000</valUSD>
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        <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>State of Maryland</name>
        <lei>N/A</lei>
        <title>MARYLAND ST-2ND SER A</title>
        <cusip>574193RN0</cusip>
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          <isin value="US574193RN05"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304126.41000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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          <isin value="US46246K4B57"/>
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        <curCd>USD</curCd>
        <valUSD>63618.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK NY</title>
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          <isin value="US64966QYJ39"/>
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        <balance>45000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
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        <title>CONROE ISD-A-REF</title>
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          <isin value="US208418T522"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Multnomah County School District No 1 Portland/OR</name>
        <lei>N/A</lei>
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          <isin value="US625517KU02"/>
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        <balance>105000.00000000</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>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <title>NJ TRANSPRTN TRUST-A</title>
        <cusip>6461367T2</cusip>
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          <isin value="US6461367T26"/>
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        <curCd>USD</curCd>
        <valUSD>223449.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST CLG BLDG</title>
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          <isin value="US92778VEE48"/>
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        <curCd>USD</curCd>
        <valUSD>256257.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</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>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES CMNTY CLG</title>
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          <isin value="US54438CYZ93"/>
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        <curCd>USD</curCd>
        <valUSD>203113.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp</name>
        <lei>N/A</lei>
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          <isin value="US762197VE80"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>212042.66000000</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>2029-09-01</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>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA-REF</title>
        <cusip>13063C6D7</cusip>
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          <isin value="US13063C6D74"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186181.51000000</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>
          <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>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
        <lei>549300GW8FVQJ3DU6O10</lei>
        <title>MET GOVT NASHVILLE</title>
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        <identifiers>
          <isin value="US592112SL14"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231617.81000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <cusip>709224PB9</cusip>
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          <isin value="US709224PB97"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>710735.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>VA CLG BLDG-E-REF</title>
        <cusip>92778VFF0</cusip>
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          <isin value="US92778VFF04"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57724.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
        <title>MA SCH BLDG AUTH-C</title>
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          <isin value="US576000RS40"/>
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        <curCd>USD</curCd>
        <valUSD>116743.81000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461367S43"/>
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        <name>Illinois Municipal Electric Agency</name>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <name>Commonwealth of Pennsylvania</name>
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          <maturityDt>2029-01-01</maturityDt>
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        <name>Long Island Power Authority</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <name>New Jersey Turnpike Authority</name>
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        <name>Water Works Board of the City of Birmingham/The</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of King WA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <valUSD>5538.90000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Water Resources Authority</name>
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        <balance>275000.00000000</balance>
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        <valUSD>286885.72000000</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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <balance>160000.00000000</balance>
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        <valUSD>176748.29000000</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>2031-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maryland State Transportation Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Insurance Assistance Interlocal Agency Inc</name>
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        <name>District of Columbia Income Tax Revenue</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>State of Maryland</name>
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        <name>State of Washington</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Energy Northwest</name>
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        <name>State of Georgia</name>
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        <name>City of Houston TX</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Garden State Preservation Trust</name>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>State of California</name>
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          <maturityDt>2025-09-01</maturityDt>
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        <name>City of New York NY</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Round Rock Independent School District</name>
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        <name>State of Georgia</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>New York State Thruway Authority</name>
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        <name>District of Columbia Income Tax Revenue</name>
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        <name>University of Michigan</name>
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        <name>District of Columbia Income Tax Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Michigan State Building Authority</name>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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        <name>Michigan State Building Authority</name>
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        <name>New York State Thruway Authority</name>
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          <isin value="US650009F992"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GEU22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
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          <isin value="US235241FA95"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2030-03-15</maturityDt>
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        <name>Energy Northwest</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>Sales Tax Securitization Corp</name>
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        <name>Alamo Community College District</name>
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        <name>Wisconsin Department of Transportation</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US70914PD900"/>
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      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
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          <isin value="US6473103Q23"/>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914PH471"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Empire State Development Corp</name>
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        <name>State of Hawaii</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>State of North Carolina</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <invCountry>US</invCountry>

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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <isin value="US65829QCZ54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pierce County School District No 10 Tacoma</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of California</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of New Jersey</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Clark Department of Aviation</name>
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        <valUSD>45496.77000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Empire State Development Corp</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Horry County School District/SC</name>
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        <name>City of New York NY</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Charleston Educational Excellence Finance Corp</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>Alamo Community College District</name>
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        <name>State of California</name>
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        <title>CALIFORNIA ST-REF</title>
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        <name>Duval County Public Schools</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Grand Parkway Transportation Corp</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Chino Basin Regional Financing Authority</name>
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        <name>Battery Park City Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DUY65"/>
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        <curCd>USD</curCd>
        <valUSD>398191.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-07-01</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
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          <isin value="US45884AA459"/>
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        <valUSD>169692.96000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <isin value="US20772KLV97"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US882854WQ10"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fort Bend Independent School District</name>
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          <isin value="US346843VT91"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Texas</name>
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          <isin value="US882723SS96"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90105.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bay Area Toll Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-04-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Thruway Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>University of California</name>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>E-470 Public Highway Authority</name>
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          <isin value="US26822LDW19"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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          <isin value="US70914PJ949"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>54466HJM9</cusip>
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          <isin value="US54466HJM97"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <cusip>57582RJ72</cusip>
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          <isin value="US57582RJ723"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248877.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Permanent University Fund - University of Texas System</name>
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          <isin value="US915130AN88"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH</title>
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          <isin value="US64990FFW95"/>
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        <balance>175000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966MD970"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-SALES TAX-A</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware Transportation Authority</name>
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        <name>Nassau County Interim Finance Authority</name>
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        <name>County of Williamson TX</name>
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        <name>State of Illinois</name>
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        <name>Ysleta Independent School District</name>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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        <name>Arizona Water Infrastructure Finance Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FV356"/>
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        <valUSD>102830.35000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DWM63"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>VA CLG BLDG-E-REF</title>
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          <isin value="US92778VFK98"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53270.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063EDB9</cusip>
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          <isin value="US13063EDB92"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>817280.27000000</valUSD>
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        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
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        <cusip>45129WMR8</cusip>
        <identifiers>
          <isin value="US45129WMR87"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62088.08000000</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>2026-07-15</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>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH</title>
        <cusip>64990FFY5</cusip>
        <identifiers>
          <isin value="US64990FFY51"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115010.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</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>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA-1ST-REF</title>
        <cusip>70914PK68</cusip>
        <identifiers>
          <isin value="US70914PK681"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164701.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>MI BLDG AUTH-I-UNREFD</title>
        <cusip>594615JH0</cusip>
        <identifiers>
          <isin value="US594615JH01"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30459.07000000</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>MARYLAND ST</title>
        <cusip>574193MU9</cusip>
        <identifiers>
          <isin value="US574193MU92"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85208.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp</name>
        <lei>549300EE2HJ67TPURL87</lei>
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          <isin value="US44420RAS94"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244667.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spring Branch Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US849476VX19"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102409.79000000</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>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency Inc</name>
        <lei>N/A</lei>
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          <isin value="US34074EAB56"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361404.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Richmond VA Public Utility Revenue</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-A-REF</title>
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          <isin value="US64990EYH43"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Houston Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US442403KY62"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MA SPL OBLG-REF</title>
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          <isin value="US576002BK44"/>
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        <balance>285000.00000000</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>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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        <name>Greenville County School District</name>
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        <name>Denver City &amp; County School District No 1</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Utah Transit Authority</name>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Empire State Development Corp</name>
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      <invstOrSec>
        <name>State of New York</name>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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          <isin value="US39081HAL69"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port of Seattle WA</name>
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          <isin value="US735389S909"/>
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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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
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          <isin value="US64972GGZ19"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tulsa Public Facilities Authority</name>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue</name>
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        <name>Energy Northwest</name>
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        <name>State of Georgia</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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      <invstOrSec>
        <name>City of Columbus OH Sewerage Revenue</name>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Michigan</name>
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          <isin value="US914455QZ60"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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        <cusip>91412GVX0</cusip>
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          <isin value="US91412GVX05"/>
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        <balance>75000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Virginia College Building Authority</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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        <name>California State Public Works Board</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Arizona</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>State of California</name>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
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        <name>City of New York NY</name>
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          <isin value="US64966Q2C30"/>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
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        <name>City of Chicago IL</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>State of Washington</name>
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        <title>WASHINGTON ST-B</title>
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          <isin value="US93974DGX03"/>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
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        <name>City of New York NY</name>
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        <name>Empire State Development Corp</name>
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        <name>Virginia Public Building Authority</name>
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        <name>City of New York NY</name>
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        <name>City of New York NY</name>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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        <name>California State Public Works Board</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Texas A&amp;M University</name>
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        <name>Ohio State University/The</name>
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        <name>Indiana Finance Authority</name>
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        <name>Regional Transportation District Sales Tax Revenue</name>
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          <isin value="US759136VQ45"/>
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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>2027-11-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA CA TOLL AUTH</title>
        <cusip>072024VA7</cusip>
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          <isin value="US072024VA79"/>
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        <curCd>USD</curCd>
        <valUSD>106000.60000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WBT27"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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        <cusip>79574CBU6</cusip>
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          <isin value="US79574CBU62"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104471.81000000</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>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NJ ST TRANSPRTN TRUST</title>
        <cusip>64613CDC9</cusip>
        <identifiers>
          <isin value="US64613CDC91"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119908.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990GNK4</cusip>
        <identifiers>
          <isin value="US64990GNK49"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210547.44000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST-R-E-REF</title>
        <cusip>93974DLU0</cusip>
        <identifiers>
          <isin value="US93974DLU09"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325469.82000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA CA TOLL AUTH</title>
        <cusip>072024VC3</cusip>
        <identifiers>
          <isin value="US072024VC36"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>317320.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>MISSISSIPPI ST</title>
        <cusip>605581JR9</cusip>
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          <isin value="US605581JR94"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26606.64000000</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES-E-REF</title>
        <cusip>544532GB4</cusip>
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          <isin value="US544532GB47"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10383.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clark County School District</name>
        <lei>N/A</lei>
        <title>CLARK CO SD-C-REF</title>
        <cusip>181059TD8</cusip>
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          <isin value="US181059TD85"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Glendale Unified School District/CA</name>
        <lei>N/A</lei>
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          <isin value="US378460VV84"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utah Transit Authority</name>
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        <name>Clark County School District</name>
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        <name>State of Michigan</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Washington Convention &amp; Sports Authority</name>
        <lei>N/A</lei>
        <title>WASHINGTON CONV-A-REF</title>
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          <isin value="US93878LBT35"/>
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        <curCd>USD</curCd>
        <valUSD>10382.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <isin value="US64711RMN34"/>
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        <curCd>USD</curCd>
        <valUSD>164603.66000000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US927793D639"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>N TX TOLLWY-B-REF</title>
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          <isin value="US66285WS319"/>
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        <curCd>USD</curCd>
        <valUSD>132143.28000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Vernon CA Electric System Revenue</name>
        <lei>N/A</lei>
        <title>VERNON-A - REV</title>
        <cusip>924397EN8</cusip>
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          <isin value="US924397EN84"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424263.08000000</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>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System Revenue</name>
        <lei>N/A</lei>
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        <cusip>544525T73</cusip>
        <identifiers>
          <isin value="US544525T733"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121640.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST</title>
        <cusip>13063D4L9</cusip>
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          <isin value="US13063D4L90"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221556.02000000</valUSD>
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        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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        <cusip>842477TZ4</cusip>
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          <isin value="US842477TZ49"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180332.06000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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          <isin value="US88213AKU87"/>
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        <curCd>USD</curCd>
        <valUSD>85752.04000000</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>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063CQG8</cusip>
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          <isin value="US13063CQG86"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>City of New York NY</name>
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        <valUSD>176261.95000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Washington</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Central Texas Turnpike System</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Houston Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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          <isin value="US485424QJ77"/>
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        <curCd>USD</curCd>
        <valUSD>304324.59000000</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>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Assessment Revenue</name>
        <lei>N/A</lei>
        <title>MA BAY TRANS AUTH-A</title>
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          <isin value="US575577NE78"/>
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        <curCd>USD</curCd>
        <valUSD>219316.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp</name>
        <lei>N/A</lei>
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          <isin value="US762232AP14"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51522.44000000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Transportation Commission</name>
        <lei>5493006JSGNPGVJS7691</lei>
        <title>TX TRANSPRTN COMM-REF</title>
        <cusip>882830BQ4</cusip>
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          <isin value="US882830BQ48"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216860.22000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>CA UNIV RGTS -I-REF</title>
        <cusip>91412GYN9</cusip>
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          <isin value="US91412GYN95"/>
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        <curCd>USD</curCd>
        <valUSD>131221.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>TRINITY RVR AUTH-REF</title>
        <cusip>89658HXJ4</cusip>
        <identifiers>
          <isin value="US89658HXJ49"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>689229.76000000</valUSD>
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        <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>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>LONG ISLAND PWR-CAB</title>
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          <isin value="US542690PC05"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150158.61000000</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>2029-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>CT ST -B-REV-REF</title>
        <cusip>207758R62</cusip>
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          <isin value="US207758R625"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27901.13000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-A-UNREF</title>
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          <isin value="US64990KBX00"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <balance>180000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Fairfax VA</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California State University</name>
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          <isin value="US13077DAQ51"/>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Jose Redevelopment Agency Successor Agency</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Houston Independent School District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>City of Atlanta GA Department of Aviation</name>
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        <name>New York State Dormitory Authority</name>
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        <name>School Board of Miami-Dade County/The</name>
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        <name>Franklin County Convention Facilities Authority</name>
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        <name>Regional Transportation District Sales Tax Revenue</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Water Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-A-REF</title>
        <cusip>64990EYG6</cusip>
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          <isin value="US64990EYG69"/>
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        <balance>15000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON</title>
        <cusip>93974EVV5</cusip>
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          <isin value="US93974EVV54"/>
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        <balance>535000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>501295.95000000</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>2025-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Community College District/CA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Mexico Finance Authority</name>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of Maryland</name>
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        <name>New York State Thruway Authority</name>
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        <name>State of Maryland</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>State of California</name>
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        <name>State of Connecticut</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>State of Connecticut</name>
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      <invstOrSec>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Franklin County School District No 1 Pasco</name>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <name>Indiana Finance Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
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          <isin value="US373385AK93"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp</name>
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          <isin value="US650036CU85"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
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          <isin value="US452252LF40"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Transportation Commission</name>
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          <isin value="US882830BP64"/>
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        <curCd>USD</curCd>
        <valUSD>1093256.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
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        <cusip>452153EU9</cusip>
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          <isin value="US452153EU99"/>
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        <curCd>USD</curCd>
        <valUSD>106075.82000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>567722.41000000</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>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
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          <isin value="US544647HX18"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
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        <title>SAN DIEGO PUB FACS</title>
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          <isin value="US79730AJB52"/>
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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>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <isin value="US20772KTC35"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fort Bend Independent School District</name>
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          <maturityDt>2051-08-01</maturityDt>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of Connecticut</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <maturityDt>2029-11-01</maturityDt>
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        <name>State of California</name>
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        <title>CALIFORNIA ST</title>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Oregon State Lottery</name>
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        <name>State of California</name>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>State of Illinois</name>
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        <name>Houston Independent School District</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966SFS05"/>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Long Island Power Authority</name>
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          <isin value="US542691HQ65"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Water Development Authority</name>
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          <isin value="US677660UX86"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Mississippi</name>
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        <curCd>USD</curCd>
        <valUSD>516289.00000000</valUSD>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
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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>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <isin value="US658268EC79"/>
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        <valUSD>140527.30000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii</name>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
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        <name>San Diego Public Facilities Financing Authority</name>
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        <name>San Mateo Foster City Public Financing Authority</name>
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        <name>California State University</name>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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        <name>Arizona Transportation Board</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Georgia</name>
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        <name>San Diego Unified School District/CA</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>East Bay Municipal Utility District Water System Revenue</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990FFX78"/>
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          <maturityDt>2030-02-15</maturityDt>
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        <name>County of Multnomah OR</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063DDU9</cusip>
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          <isin value="US13063DDU90"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WPH33"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <isin value="US13063EAY23"/>
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        <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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          <isCashCollateral>N</isCashCollateral>
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        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
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          <isin value="US386442WQ60"/>
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        <valUSD>103841.31000000</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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        <name>San Diego Unified School District/CA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>Texas Water Development Board</name>
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          <couponKind>Fixed</couponKind>
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        <name>State of Texas</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>City of Columbus OH Sewerage Revenue</name>
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        <name>State of California</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>State of Connecticut</name>
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          <maturityDt>2029-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>Metropolitan St Louis Sewer District</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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      <invstOrSec>
        <name>State of Colorado</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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          <isin value="US574204N335"/>
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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>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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          <isin value="US574204L768"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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          <isin value="US59266TXQ92"/>
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        <balance>295000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Commonwealth Transportation Board</name>
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          <isin value="US92778UBZ21"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Long Island Power Authority</name>
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        <balance>420000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>Empire State Development Corp</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <name>Metropolitan Transportation Authority</name>
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        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US70914PJ865"/>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <isin value="US13063D5M64"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US13063CD490"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Houston Independent School District</name>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>Commonwealth of Massachusetts</name>
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      <invstOrSec>
        <name>Northside Independent School District</name>
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        <name>Adams 12 Five Star Schools</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>State of North Carolina</name>
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        <name>State of Louisiana Gasoline &amp; Fuels Tax Revenue</name>
        <lei>N/A</lei>
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        <name>School Board of Miami-Dade County/The</name>
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        <name>State of Illinois</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>County of King WA</name>
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        <name>Virginia College Building Authority</name>
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        <name>San Mateo Foster City Public Financing Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>MINNESOTA-A</title>
        <cusip>60412AWL3</cusip>
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          <isin value="US60412AWL33"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136WF46"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US155048DW88"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <isin value="US65829QBT04"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95940.24000000</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>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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          <isin value="US79574CCK71"/>
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        <curCd>USD</curCd>
        <valUSD>204771.96000000</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>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US92778VBY39"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154233.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST</title>
        <cusip>93974DXC7</cusip>
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          <isin value="US93974DXC72"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15465.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063DHJ0</cusip>
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          <isin value="US13063DHJ00"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279053.94000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>CNTRL PUGET TRANSP-S1</title>
        <cusip>15504RGJ2</cusip>
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          <isin value="US15504RGJ23"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132643.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
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          <isin value="US167593RF12"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375480.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST-REF</title>
        <cusip>93974DUK2</cusip>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468740.74000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <cusip>59447TNX7</cusip>
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          <isin value="US59447TNX71"/>
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        <balance>70000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST</title>
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        <balance>695000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
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          <isin value="US386442WR44"/>
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        <assetCat>DBT</assetCat>
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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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        <name>North Carolina Municipal Power Agency No 1</name>
        <lei>549300N3Q65G1ODRFX75</lei>
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        <invCountry>US</invCountry>

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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <balance>565000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <balance>255000.00000000</balance>
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        <valUSD>255000.00000000</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>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
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      <invstOrSec>
        <name>State of Maryland</name>
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        <name>City of New York NY</name>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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          <isin value="US92778VGC63"/>
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      <invstOrSec>
        <name>Houston Independent School District</name>
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          <isin value="US442403KW07"/>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>State of Maryland</name>
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          <isin value="US574193UK29"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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      <invstOrSec>
        <name>State of Michigan Trunk Line Revenue</name>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of Georgia</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of California</name>
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        <name>Virginia College Building Authority</name>
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      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Sales Tax Securitization Corp</name>
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        <name>Energy Northwest</name>
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        <name>New Jersey Turnpike Authority</name>
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      <invstOrSec>
        <name>Oklahoma County Independent School District No 89 Oklahoma City</name>
        <lei>N/A</lei>
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        <name>City of Chicago IL</name>
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        <name>State of Connecticut</name>
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          <maturityDt>2027-04-15</maturityDt>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>State of Maryland</name>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northside Independent School District</name>
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          <maturityDt>2052-06-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>City of Houston TX</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Commonwealth of Pennsylvania</name>
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          <maturityDt>2026-09-15</maturityDt>
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        <name>State of California</name>
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        <name>State of Florida Lottery Revenue</name>
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        <name>State of Maryland</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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          <maturityDt>2026-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>State of California</name>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of California</name>
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        <name>California State Public Works Board</name>
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        <name>University of California</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Mountain View-Whisman School District</name>
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        <name>State of California</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Indiana Finance Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>CNTRL PUGET TRANSP-S1</title>
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          <isin value="US15504RGA14"/>
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        <curCd>USD</curCd>
        <valUSD>107134.95000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WBW55"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461362B62"/>
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        <valUSD>1264613.68000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Baton Rouge Sewerage Commission</name>
        <lei>5493006BC84VNIRSCG97</lei>
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          <isin value="US270618ES64"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>436306.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063DUL0</cusip>
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          <isin value="US13063DUL09"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>346092.93000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
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        <cusip>576049V98</cusip>
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          <isin value="US576049V988"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27436.98000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153DE66"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>742965.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY TRANS</title>
        <cusip>64972HWU2</cusip>
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          <isin value="US64972HWU21"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303535.83000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
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        <balance>300000.00000000</balance>
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        <valUSD>334565.43000000</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>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Energy Northwest</name>
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        <name>New York State Dormitory Authority</name>
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        <name>County of Clark Department of Aviation</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City &amp; County of Honolulu HI</name>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2025-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US9771233G14"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45470RCW43"/>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
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          <isin value="US574193PE24"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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          <isin value="US1675932S07"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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          <isin value="US207758XK46"/>
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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>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
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          <isin value="US60636WQZ13"/>
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        <curCd>USD</curCd>
        <valUSD>40190.14000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <cusip>1675936L1</cusip>
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          <isin value="US1675936L18"/>
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        <balance>200000.00000000</balance>
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        <valUSD>220128.94000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063D5L81"/>
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        <balance>95000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Columbus OH Sewerage Revenue</name>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Grand River Dam Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
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          <isin value="US679111B372"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-E-UNREF</title>
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          <isin value="US64990KED19"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of King WA Sewer Revenue</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
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          <isin value="US6461396B62"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rhode Island Commerce Corp</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Clark NV</name>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Washington</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of California</name>
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        <name>Gwinnett County School District</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>School Board of Miami-Dade County/The</name>
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        <invCountry>US</invCountry>

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        <name>Canadian County Educational Facilities Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada</name>
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          <isin value="US641462RT59"/>
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        <balance>215000.00000000</balance>
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        <valUSD>216776.50000000</valUSD>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Texas</name>
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        <name>Santa Clara Valley Transportation Authority</name>
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        <name>Utah Transit Authority</name>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <name>Ohio Water Development Authority</name>
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        <name>City of New York NY</name>
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        <name>JEA Electric System Revenue</name>
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        <name>New York State Thruway Authority</name>
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        <name>State of Washington</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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        <name>Virginia College Building Authority</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>City of New York NY</name>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US155498DV76"/>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <valUSD>234491.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Houston Independent School District</name>
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        <name>State of California</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Connecticut</name>
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          <isin value="US20772KUQ02"/>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
        <lei>N/A</lei>
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        <name>City of Aurora CO Water Revenue</name>
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        <name>California State University</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>University of California</name>
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          <isin value="US20772JN814"/>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602HCT23"/>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>King County School District No 414 Lake Washington</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>North Texas Tollway Authority</name>
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        <name>City of New York NY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Wisconsin</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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          <isin value="US97705MGT62"/>
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        <curCd>USD</curCd>
        <valUSD>288866.52000000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California Department of Water Resources</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</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>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DVT26"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</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>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063C4M91"/>
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        <curCd>USD</curCd>
        <valUSD>208022.03000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582R5E29"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>643625.46000000</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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>TEXAS ST-A-REF</title>
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          <isin value="US882723ZE28"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243706.61000000</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>2027-10-01</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>State of Hawaii</name>
        <lei>N/A</lei>
        <title>HAWAII ST</title>
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          <isin value="US419792ML70"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98727.70000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US574204H485"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45729.68000000</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>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of California</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>City of Houston TX</name>
        <lei>549300C64URYS0WQQY42</lei>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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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>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp</name>
        <lei>N/A</lei>
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          <isin value="US79467BCV53"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990AFQ31"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York NY</name>
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          <isin value="US64966MJJ99"/>
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        <valUSD>567884.02000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas State University System</name>
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          <isin value="US88278PYH18"/>
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        <valUSD>89323.50000000</valUSD>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914P3K66"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914PU599"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii</name>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Texas</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2025-06-15</maturityDt>
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        <name>State of Minnesota</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of California</name>
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        <name>State of Wisconsin</name>
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        <name>District of Columbia Income Tax Revenue</name>
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        <name>County of Clark NV</name>
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        <name>Adams &amp; Arapahoe Joint School District 28J Aurora</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>State of Delaware</name>
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        <name>Virginia Public School Authority</name>
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        <name>State of Hawaii</name>
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        <name>Fort Bend Independent School District</name>
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        <name>California State Public Works Board</name>
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        <name>State of Maryland</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of California</name>
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        <name>State of California</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Cook IL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
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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>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Dallas Fort Worth International Airport</name>
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          <maturityDt>2030-11-01</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Empire State Development Corp</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <name>State of Georgia</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <maturityDt>2026-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>State of California</name>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Harris TX Toll Road Revenue</name>
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        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914P2Z45"/>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US70914P2X96"/>
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        <name>California State Public Works Board</name>
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        <name>Hampton Roads Transportation Accountability Commission</name>
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          <maturityDt>2031-12-01</maturityDt>
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          <maturityDt>2027-01-15</maturityDt>
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        <name>Las Vegas Valley Water District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>City of Chicago IL</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Sales Tax Securitization Corp</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Virginia Public School Authority</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>JEA Water &amp; Sewer System Revenue</name>
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        <name>Oklahoma Industries Authority</name>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>City of Los Angeles CA Wastewater System Revenue</name>
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        <name>District of Columbia</name>
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        <name>North Texas Tollway Authority</name>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <cusip>13034A5B2</cusip>
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          <isin value="US13034A5B23"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US4521522M28"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106223.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-A-REFUNDED</title>
        <cusip>64990FP73</cusip>
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          <isin value="US64990FP739"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173436.55000000</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>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp</name>
        <lei>N/A</lei>
        <title>HARRIS CO CULTURAL-A</title>
        <cusip>414008CY6</cusip>
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          <isin value="US414008CY60"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162526.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST-REF</title>
        <cusip>13063DBN7</cusip>
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          <isin value="US13063DBN75"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208853.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>N TX TOLLWAY AUTH REV</title>
        <cusip>66285WK39</cusip>
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          <isin value="US66285WK399"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135186.38000000</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>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>NYC TRANSITIONAL-A-1</title>
        <cusip>64972JJN9</cusip>
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          <isin value="US64972JJN90"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>888912.41000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST</title>
        <cusip>13063CSP6</cusip>
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          <isin value="US13063CSP67"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89887.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST-R-E-REF</title>
        <cusip>93974DLV8</cusip>
        <identifiers>
          <isin value="US93974DLV81"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250361.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIF SD-C</title>
        <cusip>544647CV0</cusip>
        <identifiers>
          <isin value="US544647CV07"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10134.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966MQR3</cusip>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37306.74000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Clean Water Fund - State Revolving Fund</name>
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          <isin value="US20775YCA29"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35160.74000000</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>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Wake NC</name>
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        <balance>85000.00000000</balance>
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        <valUSD>85430.71000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2025-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES CMNTY CLG</title>
        <cusip>54438CC67</cusip>
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          <isin value="US54438CC678"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557273.75000000</valUSD>
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        <invCountry>US</invCountry>

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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <cusip>13068XGJ2</cusip>
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          <isin value="US13068XGJ28"/>
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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>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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          <isin value="US677523AM49"/>
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        <balance>470000.00000000</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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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of California</name>
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        <name>Tampa Bay Water</name>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>State of Minnesota</name>
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          <maturityDt>2026-09-01</maturityDt>
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        <name>State of Wisconsin</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New Mexico Finance Authority</name>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>Washington Metropolitan Area Transit Authority Dedicated Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Hudson Yards Infrastructure Corp</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>Southern California Public Power Authority</name>
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        <name>City of New York NY</name>
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        <name>San Bernardino Community College District</name>
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        <name>Michigan State Building Authority</name>
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        <name>Illinois Municipal Electric Agency</name>
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        <name>Michigan State Building Authority</name>
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        <name>University of California</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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        <cusip>64971WC32</cusip>
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          <isin value="US64971WC328"/>
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        <valUSD>199058.65000000</valUSD>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
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          <isin value="US65000XBB55"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>207758VP5</cusip>
        <identifiers>
          <isin value="US207758VP50"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nebraska Public Power District</name>
        <lei>5493001J0BLQRMOJKP23</lei>
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          <isin value="US63968A7W99"/>
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        <curCd>USD</curCd>
        <valUSD>497434.08000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>UNIV OF CALIFORNIA-AO</title>
        <cusip>91412GVV4</cusip>
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          <isin value="US91412GVV49"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70699.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Municipal Power Inc</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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        <identifiers>
          <isin value="US02765URN62"/>
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        <curCd>USD</curCd>
        <valUSD>104544.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
        <lei>N/A</lei>
        <title>DIST OF COLUMBIA INC</title>
        <cusip>25477GSG1</cusip>
        <identifiers>
          <isin value="US25477GSG19"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70666.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>54466HJG2</cusip>
        <identifiers>
          <isin value="US54466HJG20"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15173.98000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
        <title>FL BOE LOTTERY REV-A</title>
        <cusip>341507S36</cusip>
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          <isin value="US341507S365"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286712.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>GEORGIA ST-A-TRANCHE</title>
        <cusip>373385EF6</cusip>
        <identifiers>
          <isin value="US373385EF62"/>
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        <balance>75000.00000000</balance>
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        <valUSD>82207.14000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Regional Transportation District Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>REGL TRANSPRTN DIST</title>
        <cusip>759136UV4</cusip>
        <identifiers>
          <isin value="US759136UV49"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193895.28000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST DEPT</title>
        <cusip>57563CEL2</cusip>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Michigan</name>
        <lei>N/A</lei>
        <title>UNIV OF MICHIGAN</title>
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          <isin value="US914455QA10"/>
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        <name>Central Texas Turnpike System</name>
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        <title>TX TRANSPRTN-B-REF</title>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>County of Harris TX</name>
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        <title>HARRIS CNTY-A-REF</title>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
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          <isin value="US37358MEK36"/>
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        <curCd>USD</curCd>
        <valUSD>113272.50000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AWY99"/>
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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>2027-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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        <cusip>45884AE58</cusip>
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          <isin value="US45884AE584"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175349.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Municipal Electric Agency</name>
        <lei>N/A</lei>
        <title>IL MUN ELEC-A-REF</title>
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          <isin value="US452024HY16"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40378.20000000</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>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR AUTH-</title>
        <cusip>39081HFH0</cusip>
        <identifiers>
          <isin value="US39081HFH03"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237794.97000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <cusip>574193PN2</cusip>
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          <isin value="US574193PN23"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164602.79000000</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>2027-08-01</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>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST</title>
        <cusip>13063CQW3</cusip>
        <identifiers>
          <isin value="US13063CQW37"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214730.11000000</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>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>DASNY-E-UNREF</title>
        <cusip>64990AUU7</cusip>
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          <isin value="US64990AUU77"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601515.10000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK NY-B-1</title>
        <cusip>64966QFC9</cusip>
        <identifiers>
          <isin value="US64966QFC96"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21974.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIF SD-A</title>
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          <isin value="US544647HG84"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263490.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>CALIFORNIA</title>
        <cusip>13063DPS1</cusip>
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          <isin value="US13063DPS17"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Jefferson AL Sewer Revenue</name>
        <lei>N/A</lei>
        <title>JEFFERSON CO-REF</title>
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          <isin value="US472682YZ07"/>
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        <balance>240000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <isin value="US452153EW55"/>
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        <balance>100000.00000000</balance>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Philadelphia/The</name>
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          <isin value="US717883XV98"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Delaware River Port Authority</name>
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          <isin value="US246352HK77"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
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          <isin value="US46613SRY80"/>
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        <balance>145000.00000000</balance>
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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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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST</title>
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        <balance>65000.00000000</balance>
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        <valUSD>68349.85000000</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>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
        <lei>N/A</lei>
        <title>DT OF COLUMBIA-C-REF</title>
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        <name>State of California</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>City of Richmond VA Public Utility Revenue</name>
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        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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        <name>Energy Northwest</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <name>City of San Francisco CA Public Utilities Commission Water Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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      <invstOrSec>
        <name>Coast Community College District</name>
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        <name>County of San Bernardino CA</name>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>City &amp; County of Honolulu HI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Southern California Public Power Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>University of Colorado</name>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AMJ33"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>School District of Broward County/FL</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
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          <isin value="US576051PG51"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>County of Cook IL</name>
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          <isin value="US213185MD07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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        <cusip>59261APY7</cusip>
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          <isin value="US59261APY72"/>
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        <curCd>USD</curCd>
        <valUSD>977779.68000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Georgia</name>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
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        <title>DIST OF COLUMBIA INCO</title>
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          <isin value="US25477GPA75"/>
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        <balance>255000.00000000</balance>
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        <valUSD>280974.12000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US65000BYK87"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151F3C23"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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          <maturityDt>2026-12-01</maturityDt>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Michigan Finance Authority</name>
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        <name>Bay Area Toll Authority</name>
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        <name>California State University</name>
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        <name>Orange County School Board</name>
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        <name>University of California</name>
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        <name>University of California</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>Harris County-Houston Sports Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
        <lei>N/A</lei>
        <title>JEA ELEC SYS REV-B</title>
        <cusip>46613SFX3</cusip>
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          <isin value="US46613SFX36"/>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of King WA Sewer Revenue</name>
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          <isin value="US495289X968"/>
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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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582RGJ95"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251348.03000000</valUSD>
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        <invCountry>US</invCountry>

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          <maturityDt>2025-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Empire State Development Corp</name>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
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        <name>King County School District No 414 Lake Washington</name>
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        <name>State of California</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Clark County School District</name>
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        <name>Virginia College Building Authority</name>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>Scottsdale Municipal Property Corp</name>
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        <name>State of Connecticut</name>
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        <name>California State University</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>City of San Francisco CA Public Utilities Commission Water Revenue</name>
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        <name>City of Phoenix Civic Improvement Corp</name>
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        <name>Los Rios Community College District</name>
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        <name>Energy Northwest</name>
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        <name>State of Maryland</name>
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        <name>Adams &amp; Arapahoe Joint School District 28J Aurora</name>
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        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK CITY NY MUNI</title>
        <cusip>64972GZX5</cusip>
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          <isin value="US64972GZX59"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130021.96000000</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>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NYC MUNI WTR FIN-DD</title>
        <cusip>64972GYT5</cusip>
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          <isin value="US64972GYT56"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>347941.41000000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>REGENTS BRD UNI SYS-A</title>
        <cusip>88213ATE5</cusip>
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          <isin value="US88213ATE54"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515727.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST -A-REV</title>
        <cusip>207758ZN6</cusip>
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          <isin value="US207758ZN66"/>
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        <curCd>USD</curCd>
        <valUSD>147629.48000000</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>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH BRIDGE</title>
        <cusip>89602N7J7</cusip>
        <identifiers>
          <isin value="US89602N7J78"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>524788.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</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>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>ILLINOIS ST TOLL HIGH</title>
        <cusip>452252NG0</cusip>
        <identifiers>
          <isin value="US452252NG05"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119272.73000000</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>2031-01-01</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>
        <name>Greenville County School District</name>
        <lei>N/A</lei>
        <title>BUILDING EQUITY-REF</title>
        <cusip>396066JC7</cusip>
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          <isin value="US396066JC75"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>LEWISVILLE ISD-B-REF</title>
        <cusip>5288287Z3</cusip>
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          <isin value="US5288287Z31"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>177216.29000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WQ255"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255408.55000000</valUSD>
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        <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>
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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 Cook IL</name>
        <lei>5493004UMR7OX4YITE10</lei>
        <title>COOK CNTY-A-REF</title>
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          <isin value="US213185LV14"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70073.71000000</valUSD>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Pulaski County Public Facilities Board</name>
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          <isin value="US74540HAL87"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>School District of Philadelphia/The</name>
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          <isin value="US717883TB80"/>
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        <balance>715000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
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          <isin value="US60636WTJ44"/>
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        <name>San Diego Unified School District/CA</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Rhode Island Commerce Corp</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US207758N905"/>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois Sales Tax Revenue</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Vernon CA Electric System Revenue</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
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          <isin value="US91802RCJ68"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dallas TX Waterworks &amp; Sewer System Revenue</name>
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          <isin value="US2354166L36"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US65000B7C67"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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          <isin value="US88213AKX27"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Texas Transportation Commission</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>State of Florida Lottery Revenue</name>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2031-11-01</maturityDt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>School District of Broward County/FL</name>
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        <name>Empire State Development Corp</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Empire State Development Corp</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>New York State Thruway Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <isin value="US64971X2C10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063DB492"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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          <isin value="US207758VS99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of North Carolina</name>
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          <isin value="US6582564K52"/>
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        <valUSD>142644.74000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GBB77"/>
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        <balance>100000.00000000</balance>
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        <valUSD>103235.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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          <isin value="US13068XHX03"/>
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        <valUSD>45826.08000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990EYL5</cusip>
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          <isin value="US64990EYL54"/>
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        <balance>195000.00000000</balance>
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        <valUSD>195875.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136XJ58"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133796.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>NYC TRANSITIONAL-D-1</title>
        <cusip>64972JCX4</cusip>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188442.25000000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia College Building Authority</name>
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        <balance>260000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Maryland</name>
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          <isin value="US574193VE59"/>
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        <balance>150000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City &amp; County of San Francisco CA</name>
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          <isin value="US79773KJE55"/>
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        <balance>35000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Los Angeles CA Wastewater System Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <cusip>64971W4N7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York NY</name>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Larimer County School District No R-1 Poudre</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-01-27</ncom:dateSigned>
      <ncom:nameOfApplicant>VANGUARD WELLINGTON FUND</ncom:nameOfApplicant>
      <ncom:signature>Ashley Grim</ncom:signature>
      <ncom:signerName>Ashley Grim</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
