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        <name>State of Louisiana</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412AKM44"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <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="US646136W805"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50071.76000000</valUSD>
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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>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602RCC79"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>696319.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DDP06"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476973.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QYZ70"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170685.03000000</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>Arizona Transportation Board</name>
        <lei>N/A</lei>
        <title>Arizona Transportation Board, Series 2018</title>
        <cusip>040649MT9</cusip>
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          <isin value="US040649MT97"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>611467.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2021A</title>
        <cusip>13077DRA2</cusip>
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          <isin value="US13077DRA27"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313031.80000000</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>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
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          <isin value="US180848QP17"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>559955.43000000</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>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series A</title>
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          <isin value="US71884AZR30"/>
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        <balance>605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606523.69000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District, Series 2015</title>
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          <isin value="US66283ADJ25"/>
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        <balance>115000.00000000</balance>
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        <valUSD>115103.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US5444955D29"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30037.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <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</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966G4N93"/>
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        <balance>5600000.00000000</balance>
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        <valUSD>5600000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.50000180</annualizedRt>
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        <name>State of Hawaii</name>
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        <balance>315000.00000000</balance>
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        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2024A</title>
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        <balance>900000.00000000</balance>
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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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        <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 York City Transitional Finance Authority Future Tax Secured</name>
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        <valUSD>348240.65000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>County of Pima</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>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Frisco Independent School District</name>
        <lei>N/A</lei>
        <title>Frisco Independent School District, Series 2016A</title>
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          <isin value="US35880CTP94"/>
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        <curCd>USD</curCd>
        <valUSD>421936.58000000</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>2025-08-15</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 Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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          <isin value="US13067WNQ14"/>
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        <curCd>USD</curCd>
        <valUSD>334208.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US37358MEG24"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>720939.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of New Hampshire</name>
        <lei>N/A</lei>
        <title>State of New Hampshire, Series 2020D</title>
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        <identifiers>
          <isin value="US6446826W19"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>546011.39000000</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>2025-12-01</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>City of Indianapolis Department of Public Utilities Water System</name>
        <lei>N/A</lei>
        <title>City of Indianapolis Department of Public Utilities Water System, Series 2016B</title>
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        <identifiers>
          <isin value="US455412AH90"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377641.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Delaware River Joint Toll Bridge Commission</name>
        <lei>549300N6IGAQMI0JLE23</lei>
        <title>Delaware River Joint Toll Bridge Commission, Series 2019B</title>
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        <identifiers>
          <isin value="US246343MS33"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235572.95000000</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>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>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
        <title>Massachusetts School Building Authority, Series 2016B</title>
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          <isin value="US576000UX97"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146444.43000000</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>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>State of Rhode Island, Series 2017A</title>
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          <isin value="US76222RVA75"/>
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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>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2020</title>
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          <isin value="US7092248P76"/>
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        <balance>3100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3100000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.62000065</annualizedRt>
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      <invstOrSec>
        <name>Palomar Community College District</name>
        <lei>N/A</lei>
        <title>Palomar Community College District, Series C</title>
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          <isin value="US697511DS91"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602693.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772JZC97"/>
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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>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 2016</title>
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          <isin value="US70914PB508"/>
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        <balance>1210000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <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="US13068LM939"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
        <lei>N/A</lei>
        <title>State of New Mexico Severance Tax Permanent Fund, Series 2016D</title>
        <cusip>647310Z79</cusip>
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          <isin value="US647310Z790"/>
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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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Winston-Salem</name>
        <lei>N/A</lei>
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          <isin value="US975700LY94"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200254.08000000</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>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of King</name>
        <lei>N/A</lei>
        <title>County of King, Series 2022A</title>
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          <isin value="US49474FJ430"/>
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        <balance>50000.00000000</balance>
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        <name>Grand River Dam Authority</name>
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        <name>California State Public Works Board</name>
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        <name>University of Arizona (The)</name>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <name>Texas Water Development Board</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Leander Independent School District</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>University of California</name>
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        <name>Newport Mesa Unified School District</name>
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        <name>State of Florida Lottery</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lone Star College System</name>
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        <name>City of Houston</name>
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        <name>Florida State Development Commission</name>
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        <name>City of Seattle</name>
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        <name>Erie County Industrial Development Agency (The)</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Energy Northwest</name>
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        <name>County of Cook IL</name>
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        <name>Maine Municipal Bond Bank</name>
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      <invstOrSec>
        <name>City &amp; County Honolulu</name>
        <lei>N/A</lei>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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        <name>California State University</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>City of Cleveland</name>
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        <name>County of Durham</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>State of Louisiana</name>
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        <lei>N/A</lei>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>City of Los Angeles</name>
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        <name>Johnson County Unified School District No. 229 Blue Valley</name>
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        <name>Florida Department of Environmental Protection</name>
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        <name>University of Minnesota</name>
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        <name>Arizona Transportation Board</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Hampton Roads Sanitation District</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys</name>
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        <securityLending>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XMT27"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palo Alto Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
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          <isin value="US59334DJX30"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Resources Authority Clean Water Revolving Fund</name>
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          <isin value="US92817LRK16"/>
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        <fairValLevel>2</fairValLevel>
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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>
        <lei>N/A</lei>
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          <isin value="US67766WZP03"/>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Council</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
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          <isin value="US709224WZ82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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          <isin value="US13034ARY81"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Memphis</name>
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        <fairValLevel>2</fairValLevel>
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        <name>West Virginia Commissioner of Highways</name>
        <lei>N/A</lei>
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        <balance>750000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Adams</name>
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        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <name>New Hampshire Municipal Bond Bank</name>
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        <balance>100000.00000000</balance>
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      <invstOrSec>
        <name>City &amp; County of San Francisco</name>
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        <invCountry>US</invCountry>
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        <name>City of San Antonio</name>
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        <invCountry>US</invCountry>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>City of New York</name>
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        <name>California Educational Facilities Authority</name>
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        <name>City &amp; County Honolulu</name>
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        <name>Multnomah County School District No. 7 Reynolds</name>
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        <name>University of Utah (The)</name>
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        <name>Rhode Island Commerce Corp.</name>
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        <name>University of Minnesota</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Alamo Regional Mobility Authority</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
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        <name>County of Charleston</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>State of California</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
        <name>Permanent University Fund - Texas A&amp;M University System</name>
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      <invstOrSec>
        <name>Arizona Board of Regents</name>
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          <isin value="US04048RSP28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
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          <isin value="US010609BJ36"/>
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        <balance>445000.00000000</balance>
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        <valUSD>445000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <balance>195000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of Honolulu</name>
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        <name>Denton Independent School District</name>
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        <name>County of Santa Clara</name>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <name>DuPage County Forest Preserve District</name>
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        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Metropolitan Water District of Southern California</name>
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      <invstOrSec>
        <name>Round Rock Independent School District</name>
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        <name>California State Public Works Board</name>
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        <name>Metropolitan Washington Airports Authority Aviation</name>
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        <name>State of California Department of Water Resources</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Virginia Beach</name>
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        <name>Leander Independent School District</name>
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        <name>San Diego Unified School District</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>State of California</name>
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        <name>State of Ohio</name>
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        <name>Riverside County Transportation Commission Sales Tax</name>
        <lei>N/A</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
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        <curCd>USD</curCd>
        <valUSD>566169.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <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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      </invstOrSec>
      <invstOrSec>
        <name>State of West Virginia</name>
        <lei>N/A</lei>
        <title>State of West Virginia, Series 2018A</title>
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          <isin value="US956553YV74"/>
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        <curCd>USD</curCd>
        <valUSD>120150.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <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 Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MPD10"/>
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        <curCd>USD</curCd>
        <valUSD>665000.00000000</valUSD>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tarrant County College District</name>
        <lei>N/A</lei>
        <title>Tarrant County College District, Series 2020</title>
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          <isin value="US87638KBU51"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296377.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lansing School District</name>
        <lei>N/A</lei>
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          <isin value="US516444SR81"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</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 Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677523AG70"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5020.18000000</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>
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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>
      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 2022</title>
        <cusip>70914PX56</cusip>
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          <isin value="US70914PX569"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1138345.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
        <lei>N/A</lei>
        <title>City &amp; County of Honolulu, Series 2019C</title>
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          <isin value="US438687HU25"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150208.41000000</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>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
        <lei>N/A</lei>
        <title>State of New Mexico Severance Tax Permanent Fund, Series 2015B</title>
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          <isin value="US647310W235"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55137.91000000</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>City of Charlotte</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>City of Charlotte</title>
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          <isin value="US161037U614"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50544.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Lottery</name>
        <lei>N/A</lei>
        <title>State of Florida Lottery, Series 2016B</title>
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          <isin value="US341507Q799"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>350936.74000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2015A</title>
        <cusip>67766WWX6</cusip>
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          <isin value="US67766WWX63"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682435.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
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        <cusip>052430VJ1</cusip>
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          <isin value="US052430VJ13"/>
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        <balance>355000.00000000</balance>
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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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CP661"/>
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        <balance>270000.00000000</balance>
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        <valUSD>270654.24000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US7973552B99"/>
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        <balance>235000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2022-A</title>
        <cusip>54466HLX2</cusip>
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          <isin value="US54466HLX25"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215534.21000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series 2021B</title>
        <cusip>59447TW90</cusip>
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          <isin value="US59447TW908"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387859.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <balance>95000.00000000</balance>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Community College District</name>
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        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <name>Sequoia Union High School District</name>
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        <name>Iowa Finance Authority</name>
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        <name>County of Franklin</name>
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        <name>University of Alabama (The)</name>
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        <name>State of Texas</name>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Montgomery</name>
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          <isin value="US6133408A98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US56045RZM41"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602RKE44"/>
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        <curCd>USD</curCd>
        <valUSD>1675000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.50000180</annualizedRt>
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      <invstOrSec>
        <name>Coast Community College District</name>
        <lei>N/A</lei>
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          <isin value="US190335HM44"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75322.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <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>State of Ohio</name>
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          <isin value="US677522QP23"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>435000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DVP04"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>317878.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204EV961"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160425.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966MHX02"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175705.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Anne Arundel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Davis School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Florida Department of Environmental Protection</name>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>Board of Regents of the University of Texas System</name>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
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          <isin value="US79730CGQ15"/>
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        <invCountry>US</invCountry>
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        <name>Deutsche Intermediate Tax-Free Fund</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City &amp; County Honolulu</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Wisconsin Department of Transportation</name>
        <lei>N/A</lei>
        <title>Wisconsin Department of Transportation, Series 20171</title>
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        <name>Virginia Resources Authority</name>
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        <name>Indiana University</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>San Diego Unified School District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>City of Alexandria</name>
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        <name>State of Utah</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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        <name>Manhattan Beach Unified School District</name>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>County of Orange</name>
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        <name>City of Colorado Springs</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Washoe County School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>King County School District No. 415 Kent</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
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      <invstOrSec>
        <name>County of Forsyth</name>
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        <name>County of Clark</name>
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      <invstOrSec>
        <name>Foothill-De Anza Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark Department of Aviation</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wayne County Airport Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <balance>680000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Austin</name>
        <lei>N/A</lei>
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        <balance>40000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Arlington</name>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <invCountry>US</invCountry>
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        <name>City of Colorado Springs</name>
        <lei>N/A</lei>
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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>2025-11-15</maturityDt>
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      <invstOrSec>
        <name>City of Charlottesville</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio State University (The)</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Columbus</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>City of Memphis</name>
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        <name>County of Johnson</name>
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        <name>Johnson County Public Building Commission</name>
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        <name>Napa Valley Community College District</name>
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        <name>County of Clark</name>
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        <name>San Jose Evergreen Community College District</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
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        <name>City of Houston</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denton Independent School District</name>
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        <name>City &amp; County of Honolulu</name>
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        <name>Oklahoma Capitol Improvement Authority</name>
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        <name>New Hampshire Municipal Bond Bank</name>
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        <name>City of Atlanta</name>
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        <name>City of Austin</name>
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        <name>University of Arkansas</name>
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        <name>State of Washington</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
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      <invstOrSec>
        <name>University of Michigan</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Water District of Southern California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santa Fe Public School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District No. 122 Ridgefield</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California State Public Works Board</name>
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        <name>State of Louisiana</name>
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        <name>Arizona Board of Regents</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Department of Transportation State Highway Fund</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of Arizona Lottery</name>
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        <name>City of Atlanta</name>
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        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <name>Escondido Union High School District</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Purdue University</name>
        <lei>N/A</lei>
        <title>Purdue University, Series 2016CC</title>
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          <isin value="US746189XJ37"/>
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        <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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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914PXU10"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <curCd>USD</curCd>
        <valUSD>130743.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <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 &amp; County of Honolulu</name>
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          <isin value="US438687BH77"/>
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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>2025-09-01</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>
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          <isin value="US64578EJB48"/>
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        <balance>390000.00000000</balance>
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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>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
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          <isin value="US41422EHW66"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100838.28000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
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          <isin value="US386442WK90"/>
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        <balance>885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>885988.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <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="US452152Q468"/>
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        <balance>2360000.00000000</balance>
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        <valUSD>2378264.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of West Virginia</name>
        <lei>N/A</lei>
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          <isin value="US956553XW66"/>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>755947.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of New Jersey</name>
        <lei>N/A</lei>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>City of Seattle</name>
        <lei>N/A</lei>
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        <name>Pennsylvania State University (The)</name>
        <lei>549300QDK4O4XCJ47X56</lei>
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        <balance>365000.00000000</balance>
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      <invstOrSec>
        <name>Indiana University</name>
        <lei>B4CW783SY7V2XEFJSQ64</lei>
        <title>Indiana University, Series 2020A</title>
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        <balance>400000.00000000</balance>
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        <name>County of Miami-Dade</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Denver City &amp; County School District No. 1</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>State of Minnesota</name>
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        <name>Michigan Finance Authority</name>
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        <name>Missouri State Board of Public Buildings</name>
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        <name>Rancho Water District Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>District of Columbia</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>University of Connecticut</name>
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        <name>State of Iowa</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>California State University</name>
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        <name>City of Redding</name>
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        <name>Long Beach Community College District</name>
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        <name>State of Washington</name>
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        <name>City of Seattle</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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          <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>State of West Virginia</name>
        <lei>N/A</lei>
        <title>State of West Virginia, Series 2018B</title>
        <cusip>956553ZW4</cusip>
        <identifiers>
          <isin value="US956553ZW49"/>
          <other otherDesc="Inhouse Asset ID" value="956553ZW4"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151547.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Infrastructure Bank</name>
        <lei>5493006ZE03IRA2BET07</lei>
        <title>New Jersey Infrastructure Bank, Series 2015A-1</title>
        <cusip>645791F41</cusip>
        <identifiers>
          <isin value="US645791F415"/>
          <other otherDesc="Inhouse Asset ID" value="645791F41"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110637.59000000</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>2025-09-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Series 2019A</title>
        <cusip>880558LP4</cusip>
        <identifiers>
          <isin value="US880558LP41"/>
          <other otherDesc="Inhouse Asset ID" value="880558LP4"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>378387.94000000</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>2025-11-01</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>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2005B-2A</title>
        <cusip>89602RGK5</cusip>
        <identifiers>
          <isin value="US89602RGK59"/>
          <other otherDesc="Inhouse Asset ID" value="89602RGK5"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5000000.00000000</valUSD>
        <pctVal>1.103649323174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.64999855</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>Municipality of Anchorage</name>
        <lei>N/A</lei>
        <title>Municipality of Anchorage, Series D</title>
        <cusip>0331614G2</cusip>
        <identifiers>
          <isin value="US0331614G23"/>
          <other otherDesc="Inhouse Asset ID" value="0331614G2"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145722.48000000</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>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Maine</name>
        <lei>N/A</lei>
        <title>State of Maine, Series 2022B</title>
        <cusip>56052AG83</cusip>
        <identifiers>
          <isin value="US56052AG837"/>
          <other otherDesc="Inhouse Asset ID" value="56052AG83"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>285359.90000000</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>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District, Series 2016</title>
        <cusip>662835VQ7</cusip>
        <identifiers>
          <isin value="US662835VQ78"/>
          <other otherDesc="Inhouse Asset ID" value="662835VQ7"/>
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        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220258.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>New Hampshire Municipal Bond Bank, Series 2015A</title>
        <cusip>64465PC30</cusip>
        <identifiers>
          <isin value="US64465PC309"/>
          <other otherDesc="Inhouse Asset ID" value="64465PC30"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231116.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</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>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series B</title>
        <cusip>71884AA74</cusip>
        <identifiers>
          <isin value="US71884AA746"/>
          <other otherDesc="Inhouse Asset ID" value="71884AA74"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>476196.29000000</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>
          <isDefault>N</isDefault>
          <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>Round Rock Independent School District</name>
        <lei>N/A</lei>
        <title>Round Rock Independent School District, Series 2019B</title>
        <cusip>779240PC8</cusip>
        <identifiers>
          <isin value="US779240PC81"/>
          <other otherDesc="Inhouse Asset ID" value="779240PC8"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70269.30000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2015FF-1</title>
        <cusip>64966LP88</cusip>
        <identifiers>
          <isin value="US64966LP885"/>
          <other otherDesc="Inhouse Asset ID" value="64966LP88"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125156.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, Series C</title>
        <cusip>5444355V8</cusip>
        <identifiers>
          <isin value="US5444355V80"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170097.78000000</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>2025-05-15</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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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, Series B</title>
        <cusip>544445DG1</cusip>
        <identifiers>
          <isin value="US544445DG17"/>
          <other otherDesc="Inhouse Asset ID" value="544445DG1"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120068.90000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>County of Will</name>
        <lei>N/A</lei>
        <title>County of Will, Series 2015A</title>
        <cusip>968657GV2</cusip>
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          <isin value="US968657GV27"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55197.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of New Castle</name>
        <lei>N/A</lei>
        <title>County of New Castle, Series 2015</title>
        <cusip>64327TDU9</cusip>
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          <isin value="US64327TDU97"/>
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        <balance>1565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1575914.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Philadelphia</name>
        <lei>N/A</lei>
        <title>City of Philadelphia Water &amp; Wastewater, Series 2017B</title>
        <cusip>717893E31</cusip>
        <identifiers>
          <isin value="US717893E316"/>
          <other otherDesc="Inhouse Asset ID" value="717893E31"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>352608.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>New Hampshire Municipal Bond Bank, Series 2022C</title>
        <cusip>64465QKS4</cusip>
        <identifiers>
          <isin value="US64465QKS48"/>
          <other otherDesc="Inhouse Asset ID" value="64465QKS4"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105509.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>State of Connecticut</name>
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        <name>Hillsborough County School Board</name>
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        <name>Ogden City School District</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>University of Hawaii</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Virginia Public Building Authority</name>
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        <name>County of Frederick</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Austin Community College District</name>
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        <name>91 Express Lanes Toll Road</name>
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        <name>California State University</name>
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        <name>District of Columbia Income Tax</name>
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      <invstOrSec>
        <name>State of North Carolina</name>
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        <name>Purdue University</name>
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        <name>California State University</name>
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        <name>Los Rios Community College District</name>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Monmouth County Improvement Authority (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Palo Alto Unified School District</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>State of Nevada</name>
        <lei>N/A</lei>
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        <name>Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund</name>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
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        <name>City of Los Angeles</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Sequoia Union High School District</name>
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        <name>State of Florida Lottery</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carmel Unified School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>County of Clark</name>
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        <name>Lower Colorado River Authority</name>
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        <name>New York City Transitional Finance Authority</name>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <name>City of Cincinnati</name>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
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          <isin value="US647310U825"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Maricopa County Unified School District No. 69 Paradise Valley</name>
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        <name>County of Baltimore</name>
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        <name>Spring Independent School District</name>
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        <name>County of Anne Arundel</name>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Clackamas &amp; Washington Counties School District No. 3</name>
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        <debtSec>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>State of Connecticut</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>City of New York</name>
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        <name>State of Florida</name>
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        <name>California State Public Works Board</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>University of California</name>
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        <name>North East Independent School District</name>
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        <name>City of Indianapolis Department of Public Utilities Water System</name>
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        <name>Long Island Power Authority</name>
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        <name>Kitsap County School District No. 401 Central Kitsap</name>
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        <lei>N/A</lei>
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        <name>State of Washington</name>
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        <name>City of Charlotte</name>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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        <name>County of Charleston</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Seattle</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>City of Atlanta</name>
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        <name>Santa Monica-Malibu Unified School District</name>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
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        <name>Texas A&amp;M University</name>
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        <name>Grapevine-Colleyville Independent School District</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>Arizona Board of Regents</name>
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      <invstOrSec>
        <name>University of Washington</name>
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        <name>Palm Beach County School District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>State of Wisconsin</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Long Beach Unified School District</name>
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        <name>Regional Transportation Authority</name>
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        <name>Delaware Transportation Authority</name>
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        <name>State of Hawaii</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <lei>5493003GD0S0P56RLT45</lei>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>City of Norfolk</name>
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        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Orange County School Board</name>
        <lei>549300SEFJ368NVQXL34</lei>
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          <isin value="US684517SB20"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Water Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Oregon</name>
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          <isin value="US68609BZT78"/>
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        <curCd>USD</curCd>
        <valUSD>165206.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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          <isin value="US64971XPU62"/>
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        <curCd>USD</curCd>
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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>City of Chicago</name>
        <lei>N/A</lei>
        <title>City of Chicago Waterworks, Series 2023B</title>
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          <isin value="US167736V613"/>
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        <valUSD>50395.22000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Series 2016C</title>
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          <isin value="US88213AFA88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US4521522H33"/>
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        <curCd>USD</curCd>
        <valUSD>100640.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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        <name>County of Anne Arundel</name>
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        <name>City of Manchester</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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          <isin value="US647310W722"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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          <isin value="US64971WYB08"/>
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        <balance>620000.00000000</balance>
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          <maturityDt>2025-11-01</maturityDt>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US5288287G59"/>
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          <maturityDt>2025-08-15</maturityDt>
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        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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        <name>Texas Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
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          <isin value="US88283LJX55"/>
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      <invstOrSec>
        <name>King County School District No. 410 Snoqualmie Valley</name>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>San Mateo Foster City Public Financing Authority</name>
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          <isin value="US79905VBA89"/>
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        <valUSD>356638.36000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>West Virginia Commissioner of Highways</name>
        <lei>N/A</lei>
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          <isin value="US95649ACW27"/>
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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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Spokane</name>
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          <isin value="US8486443M00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
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          <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>
        <lei>N/A</lei>
        <title>San Diego Public Facilities Financing Authority, Series 2023A</title>
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          <isin value="US79730CKS25"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251144.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
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          <isin value="US153476GJ96"/>
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        <balance>50000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Monmouth County Improvement Authority (The)</name>
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          <isin value="US60956PNR90"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50087.33000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Karegnondi Water Authority</name>
        <lei>N/A</lei>
        <title>Karegnondi Water Authority, Series 2024</title>
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          <isin value="US48563UCB52"/>
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        <balance>130000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US7973555B62"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150144.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Mateo Foster City Public Financing Authority</name>
        <lei>N/A</lei>
        <title>San Mateo Foster City Public Financing Authority, Series 2021B</title>
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          <isin value="US79905VBB62"/>
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        <balance>1255000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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          <isin value="US79768HCK23"/>
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        <balance>275000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
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          <isin value="US677660UR19"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>460733.29000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Beverly Hills Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <isin value="US79766DFN49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Purdue University</name>
        <lei>N/A</lei>
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          <isin value="US746189YY94"/>
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        <balance>155000.00000000</balance>
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        <name>Sedgwick County Unified School District No. 265 Goddard</name>
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          <isin value="US815668LX44"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Vancouver</name>
        <lei>N/A</lei>
        <title>City of Vancouver, Series 2015B</title>
        <cusip>921594Q59</cusip>
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          <isin value="US921594Q597"/>
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        <valUSD>212114.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Santa Clara Valley Transportation Authority</name>
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        <name>Virginia Resources Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Modesto Irrigation District</name>
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        <name>State of North Carolina</name>
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        <name>State of Washington</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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          <isin value="US709224PT06"/>
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        <curCd>USD</curCd>
        <valUSD>444540.76000000</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>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772JQ478"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413974.46000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire State Turnpike System</name>
        <lei>N/A</lei>
        <title>New Hampshire State Turnpike System, Series 2019</title>
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          <isin value="US644693NA75"/>
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        <balance>390000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966MEU99"/>
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        <curCd>USD</curCd>
        <valUSD>210846.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <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>County of Loudoun</name>
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          <isin value="US54589THJ43"/>
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        <valUSD>1011009.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US574204Q973"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503775.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</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>State of Washington, Series R-2022C</title>
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        <identifiers>
          <isin value="US93974EVU71"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140462.27000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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>County of Arlington</name>
        <lei>N/A</lei>
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          <isin value="US041431QF73"/>
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        <balance>175000.00000000</balance>
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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>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CP901"/>
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        <balance>2085000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966MST70"/>
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        <balance>195000.00000000</balance>
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        <valUSD>195785.77000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974DSG42"/>
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        <balance>390000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Charles</name>
        <lei>N/A</lei>
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          <isin value="US159808HM96"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85627.36000000</valUSD>
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      <invstOrSec>
        <name>Northern California Sanitation Agencies Financing Authority</name>
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          <isin value="US786134VS22"/>
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        <valUSD>141889.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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      <invstOrSec>
        <name>State of Wisconsin Environmental Improvement Fund</name>
        <lei>N/A</lei>
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          <isin value="US97709TBR68"/>
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        <balance>1295000.00000000</balance>
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        <valUSD>1296657.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Series 2015B</title>
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          <isin value="US880558HJ37"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191716.56000000</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>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 2016</title>
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          <isin value="US70914PB847"/>
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        <balance>20000.00000000</balance>
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        <valUSD>20124.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Charlotte</name>
        <lei>N/A</lei>
        <title>City of Charlotte, Series 2021A</title>
        <cusip>161036RC4</cusip>
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          <isin value="US161036RC47"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235588.39000000</valUSD>
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        <name>Utah Transit Authority</name>
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        <name>Austin Community College District</name>
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        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys</name>
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        <name>State of Minnesota</name>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Lewisville Independent School District</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>State of Washington</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
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          <isin value="US812643VR21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
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          <isin value="US0331613L27"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
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          <isin value="US71883MMJ08"/>
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        <invCountry>US</invCountry>
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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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        <securityLending>
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        <name>State of New Jersey</name>
        <lei>N/A</lei>
        <title>State of New Jersey, Series 2014</title>
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          <isin value="US646039VK06"/>
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        <balance>110000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada</name>
        <lei>N/A</lei>
        <title>State of Nevada, Series 2019A</title>
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          <isin value="US641462FK78"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595000.00000000</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>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US574204J879"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Virginia Beach</name>
        <lei>N/A</lei>
        <title>City of Virginia Beach Water &amp; Sewer System, Series B</title>
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          <isin value="US927749KE02"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100758.87000000</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>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund</name>
        <lei>N/A</lei>
        <title>Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund, Series 2016A</title>
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          <isin value="US76221UCD63"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146076.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pierce County School District No. 10 Tacoma</name>
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          <isin value="US720424YV63"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>277720.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Series 2017C</title>
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          <isin value="US88213AJC09"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
        <lei>N/A</lei>
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          <isin value="US592030M318"/>
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        <balance>395000.00000000</balance>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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          <isin value="US64577XDK90"/>
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        <balance>170000.00000000</balance>
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        <valUSD>171301.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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          <isin value="US68609BYW17"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677522CJ19"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407388.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
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      <invstOrSec>
        <name>County of Baltimore</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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          <isin value="US544647CD09"/>
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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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      <invstOrSec>
        <name>City of Winston-Salem</name>
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          <isin value="US975700PA72"/>
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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>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MDD48"/>
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        <curCd>USD</curCd>
        <valUSD>585000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193PD41"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2008821.20000000</valUSD>
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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>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DR753"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135772.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Mateo County Community College District</name>
        <lei>N/A</lei>
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          <isin value="US799038FZ23"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>435347.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
        <lei>N/A</lei>
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          <isin value="US592030J769"/>
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        <balance>490000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Suburban Sanitary Commission</name>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
        <lei>N/A</lei>
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          <isin value="US478740SE49"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DJZ24"/>
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          <maturityDt>2025-10-01</maturityDt>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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        <name>County of Harris</name>
        <lei>549300G9BRP25M0W1S40</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Johnson County Public Building Commission</name>
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        <name>Vermont Municipal Bond Bank</name>
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        <name>Michigan Finance Authority</name>
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        <name>Upper Santa Clara Valley Joint Powers Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts School Building Authority</name>
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        <name>Texas A&amp;M University</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>University of Vermont and State Agricultural College</name>
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        <name>Florida Department of Environmental Protection</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>State of California</name>
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      <invstOrSec>
        <name>Austin Independent School District</name>
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        <name>Mount San Antonio Community College District</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Michigan Trunk Line</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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        <name>State of Oregon Department of Transportation</name>
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        <name>State of Washington</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>San Antonio Independent School District</name>
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        <name>Virginia Public School Authority</name>
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        <name>Gwinnett County Water &amp; Sewerage Authority</name>
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        <name>City of Jacksonville FL</name>
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      <invstOrSec>
        <name>City of Columbus</name>
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        <name>County of Arlington</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Douglas County School District No. 17</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Community College District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Round Rock Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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        <name>University of Alabama (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Public Facilities Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>San Antonio Water System</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>Southwestern Community College District</name>
        <lei>N/A</lei>
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        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Clark County School District</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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        <name>City of San Antonio</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Texas</name>
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        <name>State of Nevada</name>
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        <name>State of Alaska</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Island Power Authority</name>
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        <name>County of Will</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>City of Philadelphia</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Port of Tacoma</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Northside Independent School District</name>
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      <invstOrSec>
        <name>Snohomish County School District No. 201 Snohomish</name>
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      <invstOrSec>
        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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        <name>State of Ohio</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts Transportation Fund</name>
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          <isin value="US57604TEK88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>State of Florida Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alaska Housing Finance Corp.</name>
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        <balance>110000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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      <invstOrSec>
        <name>Florida Department of Management Services</name>
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        <balance>625000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Bucks</name>
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        <balance>140000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Mecklenburg</name>
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        <name>County of Wake</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Prince George's</name>
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        <name>City of Dallas</name>
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        <name>California State Public Works Board</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
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        <name>Florida Department of Environmental Protection</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Ohio</name>
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          <isin value="US6775222C72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Frederick</name>
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        <name>County of Westchester</name>
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        <name>Orange County Water District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>County of Pierce</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>City of Hampton</name>
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        <name>City &amp; County Honolulu</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Gilbert Water Resource Municipal Property Corp.</name>
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        <name>State of Washington</name>
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        <name>Maricopa County Unified School District No. 48 Scottsdale</name>
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        <name>District of Columbia</name>
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        <name>Hillsborough City School District</name>
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        <name>Leander Independent School District</name>
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        <name>Board of Water Commissioners City &amp; County of Denver (The)</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Monroe</name>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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          <isin value="US91412G3F05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>King County School District No. 405 Bellevue</name>
        <lei>N/A</lei>
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          <isin value="US495098YS88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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        <name>Whittier Union High School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Imperial Irrigation District Electric System</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
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        <name>State of Florida</name>
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        <name>City of Philadelphia</name>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
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        <name>Northampton County General Purpose Authority</name>
        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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        <name>County of King</name>
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        <name>State of West Virginia</name>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Houston</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tampa Bay Water</name>
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        <invCountry>US</invCountry>
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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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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
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        <balance>400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Tucson</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <name>Hillsborough County Aviation Authority</name>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority</name>
        <lei>54930051IHTXE1N9RB42</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2016C</title>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>City of Plano</name>
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        <name>San Diego Community College District</name>
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        <name>Virginia Public School Authority</name>
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        <name>Oklahoma City Water Utilities Trust</name>
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        <name>Long Beach Community College District</name>
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        <name>State of Louisiana</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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      <invstOrSec>
        <name>West Virginia Lottery Excess Lottery</name>
        <lei>N/A</lei>
        <title>West Virginia Lottery Excess Lottery, Series 2015A</title>
        <cusip>95639DLN8</cusip>
        <identifiers>
          <isin value="US95639DLN83"/>
          <other otherDesc="Inhouse Asset ID" value="95639DLN8"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>285656.90000000</valUSD>
        <pctVal>0.063053008869</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade, Series A</title>
        <cusip>59333PS74</cusip>
        <identifiers>
          <isin value="US59333PS740"/>
          <other otherDesc="Inhouse Asset ID" value="59333PS74"/>
        </identifiers>
        <balance>330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332338.05000000</valUSD>
        <pctVal>0.073356932789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2016B</title>
        <cusip>605581HN0</cusip>
        <identifiers>
          <isin value="US605581HN09"/>
          <other otherDesc="Inhouse Asset ID" value="605581HN0"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>454643.96000000</valUSD>
        <pctVal>0.100353499747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>Kentucky State Property &amp; Building Commission, Series B</title>
        <cusip>49151FNJ5</cusip>
        <identifiers>
          <isin value="US49151FNJ56"/>
          <other otherDesc="Inhouse Asset ID" value="49151FNJ5"/>
        </identifiers>
        <balance>555000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>559112.00000000</valUSD>
        <pctVal>0.123412716075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063CVP2</cusip>
        <identifiers>
          <isin value="US13063CVP21"/>
          <other otherDesc="Inhouse Asset ID" value="13063CVP2"/>
        </identifiers>
        <balance>1180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1184903.61000000</valUSD>
        <pctVal>0.261543613440</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2018D</title>
        <cusip>93974DY36</cusip>
        <identifiers>
          <isin value="US93974DY362"/>
          <other otherDesc="Inhouse Asset ID" value="93974DY36"/>
        </identifiers>
        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>628008.94000000</valUSD>
        <pctVal>0.138620328315</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ohio State University (The)</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
        <title>Ohio State University (The), Series 2020A</title>
        <cusip>677632K26</cusip>
        <identifiers>
          <isin value="US677632K263"/>
          <other otherDesc="Inhouse Asset ID" value="677632K26"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191969.37000000</valUSD>
        <pctVal>0.042373373054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Memphis</name>
        <lei>N/A</lei>
        <title>City of Memphis Sanitary Sewerage System, Series 2018</title>
        <cusip>586200RE9</cusip>
        <identifiers>
          <isin value="US586200RE92"/>
          <other otherDesc="Inhouse Asset ID" value="586200RE9"/>
        </identifiers>
        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221531.29000000</valUSD>
        <pctVal>0.048898571654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riverside Community College District</name>
        <lei>N/A</lei>
        <title>Riverside Community College District, Series 2004D</title>
        <cusip>76886PEE9</cusip>
        <identifiers>
          <isin value="US76886PEE97"/>
          <other otherDesc="Inhouse Asset ID" value="76886PEE9"/>
        </identifiers>
        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104100.51000000</valUSD>
        <pctVal>0.022978091480</pctVal>
        <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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Portland</name>
        <lei>254900RPNQMJF9NBMF52</lei>
        <title>City of Portland, Series 2018B</title>
        <cusip>736740TB7</cusip>
        <identifiers>
          <isin value="US736740TB75"/>
          <other otherDesc="Inhouse Asset ID" value="736740TB7"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95186.67000000</valUSD>
        <pctVal>0.021010540784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series A</title>
        <cusip>13068LTY1</cusip>
        <identifiers>
          <isin value="US13068LTY10"/>
          <other otherDesc="Inhouse Asset ID" value="13068LTY1"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110116.39000000</valUSD>
        <pctVal>0.024305975858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2013B</title>
        <cusip>658256M25</cusip>
        <identifiers>
          <isin value="US658256M252"/>
          <other otherDesc="Inhouse Asset ID" value="658256M25"/>
        </identifiers>
        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590775.14000000</valUSD>
        <pctVal>0.130401716681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spring Independent School District</name>
        <lei>N/A</lei>
        <title>Spring Independent School District, Series 2017</title>
        <cusip>8500005F3</cusip>
        <identifiers>
          <isin value="US8500005F31"/>
          <other otherDesc="Inhouse Asset ID" value="8500005F3"/>
        </identifiers>
        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>175827.24000000</valUSD>
        <pctVal>0.038810322884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
