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      <invstOrSec>
        <name>Fort Bend Independent School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County Honolulu</name>
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          <isin value="US438701U935"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Charlotte NC Airport Revenue</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>State of Hawaii State Highway Fund</name>
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          <isin value="US41981CNS51"/>
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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>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506DJ305"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EBG08"/>
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        <valUSD>127130.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Purdue University</name>
        <lei>N/A</lei>
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          <isin value="US746189WR61"/>
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        <valUSD>132682.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46129.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
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          <isin value="US89658HYF18"/>
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        <balance>105000.00000000</balance>
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        <valUSD>111068.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
        <title>Fort Worth Independent School District, Series 2019A</title>
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          <isin value="US3494607G41"/>
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        <balance>195000.00000000</balance>
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        <valUSD>205021.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
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          <isin value="US25477GSS56"/>
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        <balance>95000.00000000</balance>
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        <valUSD>100282.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Arlington</name>
        <lei>N/A</lei>
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          <isin value="US041431ST59"/>
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        <balance>125000.00000000</balance>
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        <valUSD>132577.13000000</valUSD>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193RR19"/>
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        <name>State of Nevada</name>
        <lei>N/A</lei>
        <title>State of Nevada, Series 2018A</title>
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          <isin value="US641462EU69"/>
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        <valUSD>63388.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Conroe Independent School District</name>
        <lei>N/A</lei>
        <title>Conroe Independent School District, Series 2022A</title>
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          <isin value="US208418Z305"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Anne Arundel</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
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        <name>Port Authority of New York &amp; New Jersey</name>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
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          <isin value="US682001GD86"/>
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        <fairValLevel>2</fairValLevel>
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        <name>County of King</name>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</name>
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          <isin value="US60412ATF02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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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>Maine State Housing Authority</name>
        <lei>549300SO05LH6D240016</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Monmouth County Improvement Authority (The)</name>
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        <name>City of Atlanta</name>
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        <name>Maryland State Transportation Authority</name>
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        <name>State of Michigan Trunk Line</name>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Temple University-of The Commonwealth System of Higher Education</name>
        <lei>549300SCHVPNNFRR3L71</lei>
        <title>Temple University-of The Commonwealth System of Higher Education, Series 2025</title>
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        <balance>145000.00000000</balance>
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        <valUSD>152486.28000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1123981.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <cusip>574193QR2</cusip>
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          <isin value="US574193QR28"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>260817.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. V</name>
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          <isin value="US88256RAC07"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191014.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>King County School District No. 405 Bellevue</name>
        <lei>N/A</lei>
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          <isin value="US495098A961"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133366.90000000</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>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650028WN98"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227152.62000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RUZ71"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154335.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alvin Independent School District</name>
        <lei>N/A</lei>
        <title>Alvin Independent School District, Series 2016A</title>
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          <isin value="US022447G597"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101509.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602N5F74"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122109.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Wake</name>
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        <title>County of Wake, Series 2021</title>
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        <identifiers>
          <isin value="US930876FA02"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>495153.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>State of Florida</name>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
        <lei>N/A</lei>
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          <isin value="US438687HX63"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Antonio</name>
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          <isin value="US79623PAK12"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106126.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Utah (The)</name>
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          <isin value="US915183YM38"/>
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        <balance>200000.00000000</balance>
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        <valUSD>208273.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Montgomery</name>
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        <balance>590000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Orange County Community College District</name>
        <lei>N/A</lei>
        <title>North Orange County Community College District, Series 2003B</title>
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        <balance>370000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>Long Island Power Authority, Series 2023F</title>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181111.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2018B</title>
        <cusip>882854P30</cusip>
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          <isin value="US882854P305"/>
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        <name>California State Public Works Board</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>State of Texas</name>
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        <name>Indiana Finance Authority</name>
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        <name>University of Colorado</name>
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        <name>State of Delaware</name>
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        <name>Pennsylvania State University (The)</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Florida Department of Environmental Protection</name>
        <lei>N/A</lei>
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          <isin value="US34160WB863"/>
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      <invstOrSec>
        <name>Denver City &amp; County School District No. 1</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Houston</name>
        <lei>N/A</lei>
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          <isin value="US44244CNG86"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Colorado Springs</name>
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          <isin value="US196632V429"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Wake</name>
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          <isin value="US930864DR17"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Water Development Authority</name>
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        <name>Idaho State Building Authority</name>
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        <name>Massachusetts State College Building Authority</name>
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        <name>State of Minnesota</name>
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        <name>San Marcos Unified School District</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>County of King</name>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
        <lei>N/A</lei>
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          <isin value="US6473102Z31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Dauphin County General Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CY903"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maine</name>
        <lei>N/A</lei>
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          <isin value="US56052AC950"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
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          <isin value="US64986DHD03"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265790.35000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maine</name>
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          <isin value="US56052AA897"/>
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        <balance>150000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966QEZ90"/>
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        <balance>335000.00000000</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>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151F3B40"/>
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        <balance>305000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <isin value="US20772KSE00"/>
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        <balance>395000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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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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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US64613CDB19"/>
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        <balance>270000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California Department of Water Resources</name>
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        <valUSD>198416.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Auburn University</name>
        <lei>N/A</lei>
        <title>Auburn University, Series 2025-A</title>
        <cusip>050589RN2</cusip>
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          <isin value="US050589RN24"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527903.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series L</title>
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          <isin value="US650009P728"/>
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        <balance>265000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2018C</title>
        <cusip>64990AJW6</cusip>
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        <balance>285000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series 2018B</title>
        <cusip>59447TTB9</cusip>
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          <isin value="US59447TTB97"/>
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        <balance>255000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hampton Roads Transportation Accountability Commission</name>
        <lei>N/A</lei>
        <title>Hampton Roads Transportation Accountability Commission, Series 2018A</title>
        <cusip>40934TAS2</cusip>
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          <isin value="US40934TAS24"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2017C-1</title>
        <cusip>59261APZ4</cusip>
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        <balance>445000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rhode Island Commerce Corp.</name>
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        <name>Missouri State Board of Public Buildings</name>
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        <name>State of Georgia</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <cusip>64986DJD8</cusip>
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          <isin value="US64986DJD84"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
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          <isin value="US76222RZX33"/>
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        <valUSD>105130.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salem-Keizer School District No. 24J</name>
        <lei>N/A</lei>
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          <isin value="US794173FU32"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80694.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Kansas Turnpike Authority</name>
        <lei>54930051LZZ6MCTW2979</lei>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249284.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Provo</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Fairfax</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Nebraska Public Power District</name>
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        <balance>530000.00000000</balance>
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        <valUSD>554110.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2021BH</title>
        <cusip>91412HHR7</cusip>
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          <isin value="US91412HHR75"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Department of Transportation Turnpike System</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>County of Harris</name>
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        <name>City of Minneapolis</name>
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        <name>City of Portland OR Water System Revenue</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
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      <invstOrSec>
        <name>Parish of St John the Baptist LA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nevada System of Higher Education</name>
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        <name>State of Hawaii</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan State Hospital Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania State University (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port of Seattle</name>
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        <invCountry>US</invCountry>
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        <name>William S Hart Union High School District</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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        <invCountry>US</invCountry>
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        <name>City of San Antonio</name>
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        <name>County of Howard</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>Virginia Public School Authority</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>University of Colorado</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>State of Georgia</name>
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        <name>Board of Governors of Colorado State University System</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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      <invstOrSec>
        <name>County of Prince George's</name>
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      <invstOrSec>
        <name>State of Texas</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Alabama</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Merion School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nebraska Public Power District</name>
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        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clear Creek Independent School District</name>
        <lei>N/A</lei>
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        <balance>105000.00000000</balance>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <balance>490000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Fairfax</name>
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        <name>Orange County School Board</name>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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      <invstOrSec>
        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
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        <name>Northside Independent School District</name>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>County of Montgomery</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon City School District No. 62</name>
        <lei>N/A</lei>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>County of Chesterfield</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>State of Illinois Sales Tax</name>
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        <name>City of Memphis</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public Building Authority</name>
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        <name>Clark County School District</name>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>Atlanta Urban Residential Finance Authority</name>
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        <name>City of Dallas</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
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        <title>East Bay Municipal Utility District Water System, Series 2017B</title>
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        <balance>375000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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        <name>Conroe Independent School District</name>
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        <name>Auburn School District No. 408 of King &amp; Pierce Counties</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Garland Independent School District</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>State of New Mexico</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
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        <name>Arizona Department of Transportation State Highway Fund</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Michigan Finance Authority</name>
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        <name>Virginia Public School Authority</name>
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        <name>Texas A&amp;M University</name>
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        <name>Alpine School District</name>
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        <name>Leander Independent School District</name>
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        <name>Oregon Health &amp; Science University</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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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>Metropolitan Atlanta Rapid Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Allegheny County Sanitary Authority</name>
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        <name>Great Lakes Water Authority Sewage Disposal System</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Portland Community College District</name>
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        <name>Aldine Independent School District</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>District of Columbia</name>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
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        <name>Utah Water Finance Agency</name>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Huntsville</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Delaware</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Omaha Public Power District</name>
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        <name>Iowa Finance Authority</name>
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        <name>Utah State Building Ownership Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris</name>
        <lei>549300G9BRP25M0W1S40</lei>
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        <name>California State University</name>
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      <invstOrSec>
        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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          <isin value="US16772PDW32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Killeen Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US494152UR06"/>
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        <balance>385000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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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 2019A</title>
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          <isin value="US54466HGY62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Kansas City</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Campbell Kenton &amp; Boone Counties Sanitation District No. 1</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Texas Municipal Water District</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <balance>365000.00000000</balance>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <name>Plano Independent School District</name>
        <lei>N/A</lei>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
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          <isin value="US010609FG50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Salt Lake City Corp.</name>
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          <isin value="US79560QCU04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2017-3</title>
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          <isin value="US709224B997"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207982.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Cook IL</name>
        <lei>N/A</lei>
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          <isin value="US213185MF54"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112055.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
        <title>City of Seattle, Series 2020A</title>
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          <isin value="US812627JK40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Series 2018E</title>
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          <isin value="US64711N5U57"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Clara Valley Transportation Authority</name>
        <lei>549300R6Q7T4MD3V9H68</lei>
        <title>Santa Clara Valley Transportation Authority, Series 2023A</title>
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          <isin value="US80168NJK63"/>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QGS30"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195881.90000000</valUSD>
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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>County of Loudoun</name>
        <lei>N/A</lei>
        <title>County of Loudoun, Series 2022B</title>
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          <isin value="US54589TMM17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Oklahoma</name>
        <lei>N/A</lei>
        <title>City of Oklahoma, Series 2022</title>
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          <isin value="US678519Q854"/>
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        <balance>700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2017</title>
        <cusip>574193NK0</cusip>
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          <isin value="US574193NK02"/>
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        <balance>110000.00000000</balance>
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        <valUSD>113847.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2022B</title>
        <cusip>709225FU5</cusip>
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          <isin value="US709225FU53"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239885.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2017E</title>
        <cusip>92778VFJ2</cusip>
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          <isin value="US92778VFJ26"/>
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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>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <balance>95000.00000000</balance>
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        <valUSD>100790.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
        <title>Palm Beach County School District, Series 2018C</title>
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          <isin value="US696550G635"/>
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        <balance>150000.00000000</balance>
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        <valUSD>157806.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>King County School District No. 414 Lake Washington</name>
        <lei>N/A</lei>
        <title>King County School District No. 414 Lake Washington, Series 2020</title>
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          <isin value="US495260M657"/>
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        <balance>415000.00000000</balance>
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        <valUSD>427786.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Denton</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <name>Kern Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>King &amp; Snohomish Counties School District No. 417 Northshore</name>
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        <name>Rhode Island Commerce Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Contra Costa Transportation Authority Sales Tax</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Metropolitan Council</name>
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        <name>Texas State University System</name>
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        <name>Virginia Resources Authority</name>
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        <name>State of Ohio</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Northside Independent School District</name>
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        <name>University of California</name>
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        <name>City of Dallas</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Indianapolis Department of Public Utilities Water System</name>
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        <name>City of Kansas City MO Sanitary Sewer System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Purdue University</name>
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        <name>Maricopa County Unified School District No. 80 Chandler</name>
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        <name>County of Fairfax</name>
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        <name>New York State Thruway Authority</name>
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        <name>County of Chester</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Orange County Sanitation District</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Garland</name>
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          <isin value="US366133NK89"/>
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        <curCd>USD</curCd>
        <valUSD>262137.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602HBP10"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392478.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <cusip>92778VEB0</cusip>
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          <isin value="US92778VEB09"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113643.33000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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        <cusip>84247PKY6</cusip>
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          <isin value="US84247PKY69"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207263.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series E</title>
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        <identifiers>
          <isin value="US167593WX62"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247843.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
        <title>Georgia State Road &amp; Tollway Authority, Series 2020</title>
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          <isin value="US37358MEK36"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280649.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2018M-1</title>
        <cusip>5446467Q9</cusip>
        <identifiers>
          <isin value="US5446467Q95"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188569.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Series 2022A</title>
        <cusip>19648FWC4</cusip>
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          <isin value="US19648FWC49"/>
          <other otherDesc="Inhouse Asset ID" value="19648FWC4"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263163.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Milwaukee Metropolitan Sewerage District</name>
        <lei>N/A</lei>
        <title>Milwaukee Metropolitan Sewerage District, Series 2021A</title>
        <cusip>602409MH4</cusip>
        <identifiers>
          <isin value="US602409MH49"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77268.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Series 2018A</title>
        <cusip>882724JE8</cusip>
        <identifiers>
          <isin value="US882724JE84"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484480.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Nevada</name>
        <lei>N/A</lei>
        <title>State of Nevada, Series 2019A</title>
        <cusip>641462FN1</cusip>
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          <isin value="US641462FN18"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433776.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Rutherford</name>
        <lei>N/A</lei>
        <title>County of Rutherford, Series 2020</title>
        <cusip>783244JV9</cusip>
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          <isin value="US783244JV92"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105641.81000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2019B</title>
        <cusip>6582564H2</cusip>
        <identifiers>
          <isin value="US6582564H24"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217561.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
        <title>State of California Department of Water Resources, Series AZ</title>
        <cusip>13067WPX4</cusip>
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          <isin value="US13067WPX47"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123340.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2018</title>
        <cusip>574193QT8</cusip>
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          <isin value="US574193QT83"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365935.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series B</title>
        <cusip>66285WWY8</cusip>
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          <isin value="US66285WWY82"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>368321.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Guilford</name>
        <lei>549300OUKUGQGH8RCL96</lei>
        <title>County of Guilford, Series 2016A</title>
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      <invstOrSec>
        <name>Energy Northwest</name>
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          <isin value="US29270C3C71"/>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US5444952D55"/>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US8371515Z85"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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          <isin value="US46246K4C31"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Indianapolis Department of Public Utilities Water System</name>
        <lei>N/A</lei>
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          <isin value="US455412BJ48"/>
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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>
        <lei>549300QG0NBD9HULR263</lei>
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          <isin value="US59333FTP52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RY912"/>
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        <valUSD>272159.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Massachusetts Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia College Building Authority</name>
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        <name>State of New York</name>
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        <name>State of West Virginia</name>
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        <invCountry>US</invCountry>
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        <name>Los Angeles County Facilities, Inc.</name>
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      <invstOrSec>
        <name>Virginia Public Building 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>County of Multnomah</name>
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      <invstOrSec>
        <name>City of San Francisco</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>State of Florida</name>
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        <name>State of Florida Department of Transportation</name>
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        <name>Long Island Power Authority</name>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>University of Arizona (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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          <isin value="US605581HR13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Contra Costa Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Contra Costa Transportation Authority Sales Tax, Series 2018B</title>
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        <balance>215000.00000000</balance>
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        <name>San Mateo Union High School District</name>
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        <balance>75000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>Florida Department of Environmental Protection</name>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <maturityDt>2031-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <balance>185000.00000000</balance>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>California State Public Works Board</name>
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        <title>California State Public Works Board, Series 2020E</title>
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        <name>County of Henrico</name>
        <lei>N/A</lei>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lee County Industrial Development Authority/FL</name>
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        <name>Tennessee State School Bond Authority</name>
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        <name>State of Washington</name>
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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>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Power Generation Agency</name>
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          <isin value="US744434EZ04"/>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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        <name>Socorro Independent School District</name>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>Nebraska Public Power District</name>
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        <name>State of Minnesota</name>
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        <name>Florida Department of Environmental Protection</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FG</title>
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          <isin value="US419792LK07"/>
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        <curCd>USD</curCd>
        <valUSD>254924.08000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US594615FJ03"/>
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        <curCd>USD</curCd>
        <valUSD>102345.66000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452152G964"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470611.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Norfolk</name>
        <lei>N/A</lei>
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          <isin value="US655867UY33"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303812.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
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          <isin value="US574193QD32"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358929.16000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EHU38"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223080.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
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          <isin value="US517845MD29"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>359688.96000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MRD91"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285569.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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          <isin value="US64971XCJ54"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103489.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2018A</title>
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          <isin value="US882854H625"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104887.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2017B</title>
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          <isin value="US59261ANL79"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>774535.21000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Texas Department of Transportation State Highway Fund, Series 2016-A</title>
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          <isin value="US88283LKM71"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307263.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Georgetown Independent School District</name>
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          <isin value="US373046WK31"/>
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        <balance>105000.00000000</balance>
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        <valUSD>111368.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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        <name>County of Wake</name>
        <lei>5493007XQJHO082P1H29</lei>
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        <valUSD>15872.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213162.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Dallas</name>
        <lei>N/A</lei>
        <title>City of Dallas Waterworks &amp; Sewer System, Series 2018C</title>
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          <isin value="US23542JJT34"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52799.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
        <title>City of Seattle, Series 2019A</title>
        <cusip>812643TA2</cusip>
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          <isin value="US812643TA24"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195183.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914PK350"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Rhode Island</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
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          <isin value="US246381MP96"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990C8C83"/>
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        <balance>165000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Council</name>
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        <title>Metropolitan Council, Series 2019A</title>
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          <isin value="US591852N207"/>
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        <balance>65000.00000000</balance>
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        <valUSD>65516.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line, Series 2021B</title>
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        <identifiers>
          <isin value="US5946953H96"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149457.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
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        <balance>215000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <balance>435000.00000000</balance>
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        <name>County of Putnam</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Nebraska Facilities Corp. (The)</name>
        <lei>N/A</lei>
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        <cusip>914639KH1</cusip>
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          <isin value="US914639KH18"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Series 2023</title>
        <cusip>606092LV4</cusip>
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          <isin value="US606092LV45"/>
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        <balance>295000.00000000</balance>
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        <valUSD>308921.29000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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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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        <balance>685000.00000000</balance>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Prince George's</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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      <invstOrSec>
        <name>Katy Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District</name>
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        <name>State of New Hampshire</name>
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        <name>State of Washington</name>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>Ohio Water Development Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Coast Community College District</name>
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        <name>Indiana Finance Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <name>University of Alabama (The)</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>City of Columbus</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>County of Hawaii</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Poway Unified School District</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>County of Wake</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Sports &amp; Exhibition Authority of Pittsburgh &amp; Allegheny County</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Energy Northwest</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>University of Massachusetts Building Authority</name>
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        <name>State of Washington</name>
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        <name>State of Washington</name>
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        <name>Clark County School District</name>
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        <name>Washington Metropolitan Area Transit Authority Dedicated</name>
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        <name>State of California</name>
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        <name>Vermont Municipal Bond Bank</name>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
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        <name>State of Georgia</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Austin Independent School District</name>
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        <name>City of Los Angeles</name>
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        <name>City of Portland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
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        <name>City of Chicago</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>State of Connecticut</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Regional Transportation District Sales Tax</name>
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        <name>Virginia College Building Authority</name>
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        <name>Virginia Resources Authority</name>
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        <name>Irving Independent School District</name>
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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>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series L</title>
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          <isin value="US650009P561"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136755.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North Dakota Building Authority</name>
        <lei>N/A</lei>
        <title>North Dakota Building Authority, Series 2020A</title>
        <cusip>658905EN0</cusip>
        <identifiers>
          <isin value="US658905EN00"/>
          <other otherDesc="Inhouse Asset ID" value="658905EN0"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127738.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Springfield IL Electric Revenue</name>
        <lei>N/A</lei>
        <title>City of Springfield Electric, Series 2024</title>
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        <identifiers>
          <isin value="US850578TY17"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523307.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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        <identifiers>
          <isin value="US485424SF38"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244178.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>County of Wake</name>
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          <isin value="US930876CS47"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169837.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>El Camino Healthcare District</name>
        <lei>N/A</lei>
        <title>El Camino Healthcare District, Series 2006</title>
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          <isin value="US282731EA20"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>443174.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2018A</title>
        <cusip>13077DEK4</cusip>
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          <isin value="US13077DEK46"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107591.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
        <title>Central Florida Expressway Authority, Series 2016B</title>
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          <isin value="US153476BH85"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>534760.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>Michigan State Building Authority, Series 2020I</title>
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          <isin value="US594615HG46"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223320.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2018A</title>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89726.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2017B</title>
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          <isin value="US93974DZN10"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250408.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Prince George's</name>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106376.42000000</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 Rhode Island</name>
        <lei>N/A</lei>
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        <balance>480000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tennessee Housing Development Agency</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2018B-1</title>
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        <balance>295000.00000000</balance>
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        <valUSD>310691.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <balance>195000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Long Beach Community College District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Michigan</name>
        <lei>N/A</lei>
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          <isin value="US914455PS37"/>
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        <valUSD>183201.41000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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        <name>Texas Water Development Board</name>
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        <valUSD>434404.96000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Board of Regents</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Coast Community College District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>State of Nevada</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300VTAT608CNZ5827</lei>
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        <balance>280000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public School Authority</name>
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        <name>County of King</name>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <invCountry>US</invCountry>
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        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
        <lei>5493006NVWO3NVLK0F49</lei>
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        <curCd>USD</curCd>
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        <name>Spring Branch Independent School District</name>
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        <name>City of Seattle</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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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>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission Registration Fee</name>
        <lei>N/A</lei>
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          <isin value="US709222CW16"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>457113.13000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>State of Hawaii</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Beaufort</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Tennessee</name>
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        <name>County of Wake</name>
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        <name>State of Florida Department of Transportation</name>
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        <name>Northside Independent School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Virginia Public School Authority</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
        <lei>N/A</lei>
        <title>State of New Mexico Severance Tax Permanent Fund, Series 2022B</title>
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          <isin value="US6473104M00"/>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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          <maturityDt>2029-01-01</maturityDt>
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        <name>State of West Virginia</name>
        <lei>N/A</lei>
        <title>State of West Virginia, Series 2018A</title>
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          <isin value="US956553ZE41"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2019B</title>
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          <isin value="US13068L3V59"/>
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        <name>Texas A&amp;M University</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>City of San Antonio</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>County of Clark Department of Aviation</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>Austin Community College District</name>
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        <name>State of Louisiana</name>
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        <name>State of Arizona</name>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of New York</name>
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        <name>University of Michigan</name>
        <lei>N/A</lei>
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        <name>State of Connecticut</name>
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        <name>City of Westminster Water &amp; Wastewater Utility Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
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          <isin value="US64972HT859"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Nevada Highway Improvement</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Charleston</name>
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          <isin value="US160069C731"/>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Baltimore</name>
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        <name>Dallas Independent School District</name>
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        <name>State of Connecticut Clean Water Fund - State Revolving Fund</name>
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        <name>City of Columbus</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>City of San Antonio</name>
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        <name>Ohlone Community College District</name>
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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <name>State of Connecticut Special Tax</name>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Washoe</name>
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        <name>University of Connecticut</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Colorado Springs</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern California Public Power Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>District of Columbia</name>
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        <name>County of Clackamas</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>North Carolina Medical Care Commission</name>
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      </invstOrSec>
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        <name>Metropolitan Council</name>
        <lei>N/A</lei>
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          <isin value="US591852V960"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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          <isin value="US696550J605"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>South Carolina Transportation Infrastructure Bank</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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          <isin value="US207758WM11"/>
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        <balance>240000.00000000</balance>
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        <valUSD>245441.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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          <isin value="US13067WCS98"/>
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        <valUSD>51038.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Traverse County Hospital Finance Authority</name>
        <lei>N/A</lei>
        <title>Grand Traverse County Hospital Finance Authority, Series 2021</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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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>City of Houston</name>
        <lei>N/A</lei>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>County of Baltimore</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series E</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Metropolitan Council</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Dallas TX</name>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
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        <name>Georgia Ports Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>King County School District No. 405 Bellevue</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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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <name>New York State Housing Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>County of Prince George's</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Income Tax</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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>Orlando Utilities Commission</name>
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        <name>Leander Independent School District</name>
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        <name>County of Miami-Dade</name>
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        <name>Kentucky Infrastructure Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <valUSD>345658.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Portland</name>
        <lei>N/A</lei>
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        <valUSD>105497.27000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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          <isin value="US70914PR538"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>442846.24000000</valUSD>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Clark</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</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="US13063DBT46"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1044588.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990AJV89"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219576.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Series 2019A</title>
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          <isin value="US682001GN68"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210192.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2018A</title>
        <cusip>64990FMM3</cusip>
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          <isin value="US64990FMM31"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261663.28000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2025</title>
        <cusip>54811BP47</cusip>
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          <isin value="US54811BP472"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105207.86000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>King County School District No. 414 Lake Washington</name>
        <lei>N/A</lei>
        <title>King County School District No. 414 Lake Washington, Series 2016</title>
        <cusip>495260E56</cusip>
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          <isin value="US495260E563"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50372.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2018B</title>
        <cusip>882854P48</cusip>
        <identifiers>
          <isin value="US882854P487"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353994.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 2018FFF</title>
        <cusip>64577B5N0</cusip>
        <identifiers>
          <isin value="US64577B5N07"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1110809.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series I</title>
        <cusip>54438CVH2</cusip>
        <identifiers>
          <isin value="US54438CVH23"/>
          <other otherDesc="Inhouse Asset ID" value="54438CVH2"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35376.03000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Dakota Public Finance Authority</name>
        <lei>N/A</lei>
        <title>North Dakota Public Finance Authority, Series 2018A</title>
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          <isin value="US65887PUF07"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282132.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of New Hampshire</name>
        <lei>N/A</lei>
        <title>State of New Hampshire, Series 2018A</title>
        <cusip>6446824U7</cusip>
        <identifiers>
          <isin value="US6446824U70"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105722.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 211</title>
        <cusip>73358WW59</cusip>
        <identifiers>
          <isin value="US73358WW598"/>
          <other otherDesc="Inhouse Asset ID" value="73358WW59"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>State of Wisconsin</name>
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        <name>City of Baltimore</name>
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        <name>Los Angeles Unified School District</name>
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        <name>University of Alabama (The)</name>
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        <name>Forsyth County School District</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>City of Tacoma</name>
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        <name>California State Public Works Board</name>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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        <name>County of Clark</name>
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        <name>Texas Water Development Board</name>
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        <name>State of New Jersey</name>
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        <name>State of New Jersey</name>
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        <name>Allegheny County Hospital Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>American Municipal Power, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Mateo County Community College District</name>
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        <name>City of Greensboro</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>City of Austin</name>
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        <name>State of Arizona Lottery</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>County of Spokane</name>
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      <invstOrSec>
        <name>University of Nebraska Facilities Corp. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arlington Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Fort Bend</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>City of Indianapolis Department of Public Utilities Water System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <balance>45000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>State of Washington</name>
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          <isin value="US93974DXA17"/>
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        <balance>150000.00000000</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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        <name>District of Columbia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <balance>405000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>Dallas Area Rapid Transit</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Howard</name>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <name>State of Oregon</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Chester Area School District</name>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>State of Delaware</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>State of West Virginia</name>
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        <balance>390000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>California State Public Works Board</name>
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          <isin value="US13068XLV90"/>
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        <balance>395000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alabama Highway Finance Corp.</name>
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          <isin value="US010573AH64"/>
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        <balance>175000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>School Board of Miami-Dade County (The)</name>
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          <isin value="US59333MW848"/>
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        <balance>500000.00000000</balance>
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        <valUSD>523849.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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          <isin value="US25477GRH01"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Augusta Development Authority</name>
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          <isin value="US05115CAF14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Lottery</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Dallas Independent School District</name>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fort Bend County Municipal Utility District No. 58</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No. 58, Series 2021</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2024</title>
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          <isin value="US54811BH958"/>
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        <balance>515000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US6461397C37"/>
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        <valUSD>204406.18000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin Environmental Improvement Fund</name>
        <lei>N/A</lei>
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          <isin value="US97709TCT16"/>
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        <valUSD>401762.87000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2018E</title>
        <cusip>64990AUS2</cusip>
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          <isin value="US64990AUS22"/>
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        <balance>795000.00000000</balance>
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        <valUSD>838292.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2019</title>
        <cusip>246381NF0</cusip>
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          <isin value="US246381NF06"/>
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        <balance>430000.00000000</balance>
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        <valUSD>453911.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina State University at Raleigh</name>
        <lei>N/A</lei>
        <title>North Carolina State University at Raleigh, Series 2018</title>
        <cusip>658289G49</cusip>
        <identifiers>
          <isin value="US658289G495"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133105.61000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2017A</title>
        <cusip>605581JL2</cusip>
        <identifiers>
          <isin value="US605581JL25"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1180181.83000000</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>2028-10-01</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>
        <lei>N/A</lei>
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        <cusip>438687UH6</cusip>
        <identifiers>
          <isin value="US438687UH66"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>964348.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Wastewater System</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District Wastewater System, Series 2017A</title>
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        <identifiers>
          <isin value="US271012FX90"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57498.08000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Michigan University</name>
        <lei>549300Y2Q94GGNQC7X56</lei>
        <title>Northern Michigan University, Series 2018A</title>
        <cusip>665398LT8</cusip>
        <identifiers>
          <isin value="US665398LT87"/>
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        <balance>210000.00000000</balance>
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        <valUSD>220226.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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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>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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          <isin value="US70914PQ399"/>
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        <balance>895000.00000000</balance>
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        <valUSD>946626.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Knoxville</name>
        <lei>5493002KM0TCCHHCDT47</lei>
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          <isin value="US499731H836"/>
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        <balance>85000.00000000</balance>
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        <valUSD>89999.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>City of Los Angeles</name>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>State of Oregon Department of Transportation</name>
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        <invCountry>US</invCountry>
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        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
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        <balance>400000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Houston</name>
        <lei>N/A</lei>
        <title>City of Houston Combined Utility System, Series 1998A</title>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>State of West Virginia</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Board of Regents</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
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          <isin value="US54641CAU99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of New Mexico</name>
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          <isin value="US647293SL41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>State of North Carolina</name>
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        <balance>525000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <balance>530000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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        <name>State of Illinois</name>
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        <balance>2095000.00000000</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>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Howard</name>
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        <balance>220000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>State of Nevada</name>
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          <isin value="US641462EX09"/>
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          <maturityDt>2031-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>City of Memphis</name>
        <lei>N/A</lei>
        <title>City of Memphis Electric System, Series 2024</title>
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        <balance>45000.00000000</balance>
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        <name>Metropolitan Council</name>
        <lei>N/A</lei>
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          <maturityDt>2028-03-01</maturityDt>
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      <invstOrSec>
        <name>Oregon State Bond Bank</name>
        <lei>N/A</lei>
        <title>Oregon State Bond Bank, Series 2018A</title>
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        <balance>90000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State University</name>
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        <name>JEA Water &amp; Sewer System</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>City of Charlotte</name>
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        <name>Michigan Finance Authority</name>
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        <name>King County School District No. 414 Lake Washington</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington State University</name>
        <lei>N/A</lei>
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          <isin value="US9400937Y74"/>
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        <valUSD>147052.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DLD83"/>
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        <curCd>USD</curCd>
        <valUSD>258502.12000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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          <isin value="US13067WNT52"/>
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        <curCd>USD</curCd>
        <valUSD>241830.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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          <isin value="US46246K5Y42"/>
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        <curCd>USD</curCd>
        <valUSD>168600.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Mecklenburg County Public Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Mecklenburg County Public Facilities Corp., Series 2017</title>
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          <isin value="US58401ABS87"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168588.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <isin value="US65829QDZ46"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375564.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US343137MX07"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>158936.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
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          <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 2019A</title>
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          <isin value="US341507T439"/>
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        <balance>250000.00000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hamilton</name>
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          <isin value="US4073246P22"/>
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        <balance>210000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Riverside</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>Beverly Hills Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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          <isin value="US575579C548"/>
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        <balance>45000.00000000</balance>
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        <valUSD>46822.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Rhode Island</name>
        <lei>N/A</lei>
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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 New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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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>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2021C</title>
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        <name>Spring Independent School District</name>
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        <name>Michigan Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of West Virginia</name>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>State of Tennessee</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Northside Independent School District</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>Washington Metropolitan Area Transit Authority Dedicated</name>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District Sales Tax</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Northampton County General Purpose Authority</name>
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      <invstOrSec>
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        <name>Metropolitan Council</name>
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      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Georgetown Independent School District</name>
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        <name>San Antonio Water System</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>State of Oregon</name>
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          <isin value="US68609BSM09"/>
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      <invstOrSec>
        <name>Coast Community College District</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>City of Austin</name>
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        <name>Oklahoma Capitol Improvement Authority</name>
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        <name>State of Maryland</name>
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        <name>Indiana Finance Authority</name>
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        <name>Allegheny County Hospital Development Authority</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>State of Louisiana</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2018B-1</title>
        <cusip>5446466L1</cusip>
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          <isin value="US5446466L18"/>
          <other otherDesc="Inhouse Asset ID" value="5446466L1"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267602.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2019</title>
        <cusip>662903VU4</cusip>
        <identifiers>
          <isin value="US662903VU46"/>
          <other otherDesc="Inhouse Asset ID" value="662903VU4"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52988.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Napa Valley Community College District</name>
        <lei>N/A</lei>
        <title>Napa Valley Community College District, Series 2005B</title>
        <cusip>630360CS2</cusip>
        <identifiers>
          <isin value="US630360CS20"/>
          <other otherDesc="Inhouse Asset ID" value="630360CS2"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>125703.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2004A-6</title>
        <cusip>64966MXQ7</cusip>
        <identifiers>
          <isin value="US64966MXQ76"/>
          <other otherDesc="Inhouse Asset ID" value="64966MXQ7"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104765.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health &amp; Educational Facilities Authority of the State of Missouri, Series 2018A</title>
        <cusip>60637ANA6</cusip>
        <identifiers>
          <isin value="US60637ANA69"/>
          <other otherDesc="Inhouse Asset ID" value="60637ANA6"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278112.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
        <lei>N/A</lei>
        <title>City &amp; County of Honolulu, Series 2019A</title>
        <cusip>438687GL3</cusip>
        <identifiers>
          <isin value="US438687GL35"/>
          <other otherDesc="Inhouse Asset ID" value="438687GL3"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>403843.29000000</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>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series J</title>
        <cusip>54438CXC1</cusip>
        <identifiers>
          <isin value="US54438CXC18"/>
          <other otherDesc="Inhouse Asset ID" value="54438CXC1"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67792.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North East Independent School District</name>
        <lei>N/A</lei>
        <title>North East Independent School District, Series 2014</title>
        <cusip>659155MF9</cusip>
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          <isin value="US659155MF96"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79295.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway &amp; Transportation Commission, Series 2022A</title>
        <cusip>60636WTA3</cusip>
        <identifiers>
          <isin value="US60636WTA35"/>
          <other otherDesc="Inhouse Asset ID" value="60636WTA3"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216935.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Temple Independent School District</name>
        <lei>N/A</lei>
        <title>Temple Independent School District, Series 2017</title>
        <cusip>880081PM0</cusip>
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          <isin value="US880081PM04"/>
          <other otherDesc="Inhouse Asset ID" value="880081PM0"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111484.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
        <title>Cypress-Fairbanks Independent School District, Series 2023A</title>
        <cusip>232769MS5</cusip>
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          <isin value="US232769MS53"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179063.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority Water Supply System, Series C</title>
        <cusip>39081JAH1</cusip>
        <identifiers>
          <isin value="US39081JAH14"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35677.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>677522L28</cusip>
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          <isin value="US677522L280"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148325.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Utah</name>
        <lei>254900RWV9NSVUZONC07</lei>
        <title>State of Utah, Series 2020B</title>
        <cusip>917542XC1</cusip>
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          <isin value="US917542XC17"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223106.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2022A</title>
        <cusip>34115PBP9</cusip>
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          <isin value="US34115PBP99"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>605022.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Frederick</name>
        <lei>N/A</lei>
        <title>County of Frederick, Series 2019A</title>
        <cusip>35569PEQ2</cusip>
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          <isin value="US35569PEQ28"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133070.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2024B</title>
        <cusip>452153JK6</cusip>
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          <isin value="US452153JK62"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228686.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <invCountry>US</invCountry>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Virginia</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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      <invstOrSec>
        <name>County of Hennepin</name>
        <lei>254900YDNULMQREFAU43</lei>
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        <valUSD>315056.34000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
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          <isin value="US38611TBF30"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318241.33000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northside Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US66702RVJ84"/>
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        <balance>250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
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        <name>County of Montgomery</name>
        <lei>549300GNX5SDUEBKPK13</lei>
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          <isin value="US61334PBE25"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>City of Provo</name>
        <lei>N/A</lei>
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        <balance>240000.00000000</balance>
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        <valUSD>252507.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Monmouth</name>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CQ735"/>
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        <valUSD>193724.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>St Mary Hospital Authority</name>
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          <isin value="US792222FL04"/>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252NU98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <balance>510000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Delaware Transportation Authority</name>
        <lei>N/A</lei>
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          <isin value="US246419BN48"/>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Des Moines</name>
        <lei>N/A</lei>
        <title>City of Des Moines, Series 2020D</title>
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          <isin value="US25009XQH16"/>
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        <balance>715000.00000000</balance>
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        <valUSD>756357.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</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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        <name>University of Michigan</name>
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          <maturityDt>2028-09-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677522VN10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
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          <isin value="US880558LS89"/>
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        <curCd>USD</curCd>
        <valUSD>85384.59000000</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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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966SBS41"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506DJ487"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>351779.38000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta</name>
        <lei>N/A</lei>
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          <isin value="US04780MXA25"/>
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        <curCd>USD</curCd>
        <valUSD>84570.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637ANB43"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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          <isin value="US592112RM06"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275729.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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          <isin value="US8828547M81"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>785360.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966MPG86"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>337409.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US574204L842"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204994.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>258401.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DTB46"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>548250.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Fairfax County Water Authority</name>
        <lei>N/A</lei>
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          <isin value="US303891B878"/>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Arizona Board of Regents</name>
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          <isin value="US04048RSS66"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US927793D639"/>
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        <valUSD>1025840.87000000</valUSD>
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        <name>Indiana Finance Authority</name>
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        <name>Howard-Suamico School District/WI</name>
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        <name>Indiana Finance Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Westosha Central High School District</name>
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        <name>City of Philadelphia</name>
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        <name>Round Rock Independent School District</name>
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        <name>City of Madison</name>
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        <name>Northampton County General Purpose Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>County of Clark</name>
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        <name>Georgia Ports Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>University of Washington</name>
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        <name>City of Houston</name>
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        <name>City of Salt Lake City</name>
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        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia College Building Authority</name>
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        <name>Indiana University</name>
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        <name>City of New York</name>
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        <name>State of Mississippi Gaming Tax Revenue</name>
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        <name>West Virginia Lottery Excess Lottery</name>
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      <invstOrSec>
        <name>Grand Prairie Independent School District</name>
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      <invstOrSec>
        <name>Santa Monica-Malibu Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Turnpike Authority</name>
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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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      <invstOrSec>
        <name>Richardson Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Portland</name>
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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>Delaware Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Round Rock Independent School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Oklahoma Water Resources Board</name>
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        <name>State of Illinois</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>State of Georgia</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Village of Boys Town NE</name>
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        <name>West Virginia Commissioner of Highways</name>
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        <name>California State University</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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      <invstOrSec>
        <name>City of Austin</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
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      <invstOrSec>
        <name>Sacramento Municipal Utility District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Philadelphia PA Water &amp; Wastewater Revenue</name>
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          <isin value="US7178933D10"/>
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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="US13068XBZ15"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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          <isin value="US592041ZX82"/>
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        <balance>225000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Danbury</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Clark County Public Utility District No. 1 Electric Revenue</name>
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        <name>State of Maryland</name>
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        <name>City of Provo</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Santa Monica Community College District</name>
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      <invstOrSec>
        <name>City of Clarksville</name>
        <lei>N/A</lei>
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        <name>Katy Independent School District</name>
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        <name>State of Hawaii</name>
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        <name>Green Bay Area Public School District</name>
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        <name>State of Washington</name>
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        <name>State of Nevada Highway Improvement</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</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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          <isCashCollateral>N</isCashCollateral>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <isin value="US64711RMC78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan State University</name>
        <lei>N/A</lei>
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          <isin value="US594712UP40"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>State of Connecticut</name>
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        <curCd>USD</curCd>
        <valUSD>142836.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Iowa</name>
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          <isin value="US46257TEF21"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clear Creek Independent School District</name>
        <lei>N/A</lei>
        <title>Clear Creek Independent School District, Series 2024A</title>
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          <isin value="US184541HH69"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>525834.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Seattle</name>
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          <isin value="US812627KE60"/>
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        <balance>245000.00000000</balance>
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        <valUSD>261656.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Newport Mesa Unified School District</name>
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        <title>Newport Mesa Unified School District, Series 2017</title>
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          <isin value="US652113XV81"/>
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        <balance>65000.00000000</balance>
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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>
        <lei>N/A</lei>
        <title>County of Miami-Dade Transit System, Series 2019</title>
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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>2028-07-01</maturityDt>
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        <name>State of Georgia</name>
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          <isin value="US373385LT83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isin value="US283734R607"/>
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        <valUSD>316936.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Houston Independent School District</name>
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          <isin value="US442403NE71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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        <name>City of Seattle</name>
        <lei>N/A</lei>
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          <isin value="US812643UM43"/>
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        <balance>145000.00000000</balance>
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        <valUSD>153598.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2021A</title>
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          <isin value="US662903C437"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>461001.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</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 2021A</title>
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          <isin value="US49474FZL74"/>
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        <valUSD>241952.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2019C</title>
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        <identifiers>
          <isin value="US92778VHW19"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542402.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Texas Water Development Board</name>
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        <name>Energy Northwest</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of West Virginia</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Dallas Independent School District</name>
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        <name>Hampton Roads Transportation Accountability Commission</name>
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        <name>City &amp; County Honolulu</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
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          <isin value="US485424SU05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hennepin</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palos Verdes Peninsula Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>Southwestern Illinois Development Authority</name>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern California Public Power Authority</name>
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          <isin value="US84247PMS73"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>County of New Castle</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Fairfax</name>
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      <invstOrSec>
        <name>Dallas County Utility &amp; Reclamation District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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          <isin value="US64972HY222"/>
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        <name>Maine Municipal Bond Bank</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>City &amp; County of Denver</name>
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        <name>State of Delaware</name>
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          <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 Houston</name>
        <lei>549300C64URYS0WQQY42</lei>
        <title>City of Houston, Series 2016A</title>
        <cusip>442331K86</cusip>
        <identifiers>
          <isin value="US442331K860"/>
          <other otherDesc="Inhouse Asset ID" value="442331K86"/>
        </identifiers>
        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375184.26000000</valUSD>
        <pctVal>0.086072887305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</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>Lower Merion School District</name>
        <lei>549300HKI8OJC5YHIM72</lei>
        <title>Lower Merion School District, Series 2020</title>
        <cusip>548246MY0</cusip>
        <identifiers>
          <isin value="US548246MY08"/>
          <other otherDesc="Inhouse Asset ID" value="548246MY0"/>
        </identifiers>
        <balance>745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>762818.46000000</valUSD>
        <pctVal>0.175001977273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series P</title>
        <cusip>650009Y72</cusip>
        <identifiers>
          <isin value="US650009Y720"/>
          <other otherDesc="Inhouse Asset ID" value="650009Y72"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262991.35000000</valUSD>
        <pctVal>0.060334153758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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>
